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Gannett Co ., Inc. (NYSE:GCI), the $485 million market cap media company currently rated FAIR by InvestingPro’s comprehensive analysis, held its annual meeting of stockholders on Monday, where several key proposals were voted upon. The company, which generated $2.45 billion in revenue over the last twelve months, faces challenging market conditions with its shares down 30% year-to-date. According to a press release, stockholders elected nine director nominees to serve until the 2026 annual meeting. The directors elected include Maha Al-Emam, Theodore P. Janulis, John Jeffry Louis III, Michael E. Reed, Amy Reinhard, Debra A. Sandler, Kevin M. Sheehan, Laurence Tarica, and Barbara W. Wall. With analysts setting price targets ranging from $3 to $8, detailed analysis and additional insights are available in the comprehensive Pro Research Report on InvestingPro.
In addition to the election of directors, stockholders ratified the appointment of Grant Thornton LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. The vote count recorded 115,200,086 votes in favor, 2,831,117 against, and 121,249 abstentions.
The meeting also included an advisory vote on executive compensation, which was approved with 93,927,203 votes for, 3,819,572 against, and 1,223,656 abstentions. However, stockholders did not approve several amendments to the company’s charter and bylaws intended to eliminate supermajority voting requirements. These proposals required an 80% affirmative vote but did not meet the threshold.
The proposals that failed included amendments to implement majority voting in uncontested director elections and to eliminate supermajority voting requirements for certain charter and bylaw amendments. Votes for these proposals ranged from 98,229,417 to 98,375,032, with each failing to reach the necessary 80% approval.
This information is based on a press release filed with the Securities and Exchange Commission. Investors seeking deeper insights into Gannett’s financial health, including its Fair Value assessment and 12+ additional ProTips, can access comprehensive analysis through InvestingPro’s detailed research reports.
In other recent news, Gannett Co., Inc. reported a 10.1% year-over-year decline in total operating revenues for the first quarter of 2025, totaling $571.6 million. Despite this decrease, the company managed to reduce its net loss by approximately $77 million, signaling efforts to improve financial health. Gannett’s strategic focus remains on digital transformation, with plans to stabilize digital revenues in the second quarter and achieve growth later in the year. Digital-only subscription revenues exceeded $43 million, although total digital revenues saw a 6.4% decline. JMP Securities maintained a Market Outperform rating for Gannett, with a price target of $6.00, citing growth catalysts such as potential increases in digital-only subscription pricing and new products in the Digital Marketing Solutions segment. The sale of the Austin American-Statesman was highlighted as part of Gannett’s strategy to reduce debt through asset sales. The company remains optimistic about its 2025 financial projections, supported by strategic initiatives and cost optimization strategies.
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