Gannett Company, Inc. is a publicly traded American media company headquartered in Tysons Corner, Virginia, near McLean in Greater Washington DC. It is the largest US newspaper publisher measured by total daily circulation.
Its assets include the national newspaper USA Today and the first weekly newspaper US Weekend . The largest non-national newspaper is The Arizona Republic in Phoenix, Arizona. Other important newspapers include The Indianapolis Star, The Cincinnati Enquirer, The Tennessean in Nashville, Tennessee The Courier-Journal i> in Louisville, Kentucky, Democrat and Chronicle in Rochester, New York, The Des Moines Register , Detroit Free Press , News-Press in Fort Myers, Milwaukee Journal Sentinel , and Great Falls Tribune .
By 2015, Gannett Co. Inc. separating its publishing business into a separate public entity, while retaining the internet media division. Immediately after the spin off, the Company's former parent (Gannett Co. Inc.) renamed Tegna. The spun-off publishing business changed its name to "Gannett".
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History
Gannett Company, Inc. was formed in 1923 by Frank Gannett in Rochester, New York as a result of Elmira Gazette, a newspaper business he started in Elmira, New York in 1906. Gannett, known as a conservative, gained fame and fortune by buying newspapers independent and developing it into a large, twentieth-century trend that helps the newspaper industry remain financially viable. In 1979, the chain has grown to 79 newspapers.
In 1979, Gannett acquired Combined Communications Corp., operator of two major daily newspapers, Oakland Tribune & amp; The Cincinnati Enquirer , 7 television stations, 13 radio stations, as well as outdoor advertising divisions, for $ 370 million. Outdoor advertising is known as Gannett Outdoor, before it was acquired by the Outer System (formerly a division of 3M), before it was sold to Infinity Broadcasting, which later became part of Viacom, and became part of CBS Corporation, until 2014 when the CBS Open became independent and to Media Outfront.
The company was headquartered in Rochester until 1986, when it moved to Arlington County, Virginia. His former headquarters, Gannett Building, was listed on the National Register of Historic Places in 1985. Gannett's oldest outstanding newspaper is the Leaf-Chronicle located in Clarksville, Tennessee. In 2001, the company moved to its headquarters in Tysons Corner, a suburb of Washington, D.C.
Starting in 2005 at Fort Myers News-Press, Gannett pioneered the concept of mojo multimedia bile jo journalists, reporters who were initially unconnected from conventional newspace and tour their communities fill out hyperlocal news via Wi-Fi in various formats including text for print publications, photos for print and online publications, and audio and video for the News-Press website. This practice has spread throughout the chain.
On March 7, 2011, Gannett replaced the stylish "G" logo used since the 1970s (mainly used on TV stations as a corporate/local ID with different animations), and adopted a new corporate slogan: "All within reach."
In 2010, Gannett increased salaries and executive bonuses; for example, Bob Dickey, president of US newspaper Gannett, paid $ 3.4 million in 2010, up from $ 1.9 million in the previous year. The following year, the company laid off 700 US employees to cut costs. In a memo announcing layoffs, Dickey wrote, "Although we have sought many ways to reduce costs, I am sorry to tell you that we will not be able to avoid a layoff."
In February 2012, Gannett announced that it would implement a paywall system on all its daily newspapers, with non-subscriber access to be limited to between five and 15 articles per month, varying according to the newspaper. The USA Today site is the only one that allows unlimited access.
On March 24, 2012, the company announced that it will discipline 25 employees in Wisconsin who have signed a petition to recall Governor Scott Walker, stating that this open public participation in the political process is a violation of the company's journalistic ethics code and that the primary responsibility they as journalists are maintaining credibility and public confidence in themselves and the organization.
On August 21, 2012, Gannett acquired Blinq Media.
Around the first week of October 2012, Gannett entered into a dispute with Dish Network regarding the cost of compensation and the Dish Hop AutoHop commercial jump feature on his Hopper digital video recorder. Gannett ordered Dish to stop AutoHop on accounts that affect advertising revenue for Gannett television stations. Gannett threatened to withdraw all his stations if skirmish continued beyond 7 October and Dish and Gannett failed to reach an agreement. Both sides finally reached agreement after extending the deadline for several hours.
Acquisition of Belo Corporation
On June 13, 2013, Gannett announced plans to purchase Belo Corporation based in Dallas for $ 1.5 billion and debt assumptions. The purchase will add 20 additional stations to Gannett's portfolio and make the company the fourth largest television broadcaster in the US with 43 stations. Due to ownership conflicts in markets where Belo and Gannett own television and newspapers, the use of third-party companies (Sander Media, LLC, owned by former Belo Jack Sander executive) as licensee to buy stations to be operated by market competitors and concern about the possibility of consolidating the future operations of Gannett and Belo's property in a market where two television stations or collusion itself involving Gannett and Sander stations in the negotiations of retransmission agreements, anti-media consolidation groups (such as Free Press) and television providers paid (such as Time Warner Cable and DirecTV) have asked the FCC to block the acquisition.
On December 16, 2013, the United States Department of Justice announced that Gannett, Belo and Sander will need to divest Belo station in St. Louis. Louis, KMOV, to a third party approved by the government which shall be barred from entering into any agreement. with Gannett, to fully retain competition in advertising sales with Gannett's KSDK. The deal was approved by the FCC on December 20, and finished on December 23. On February 28, 2014, Meredith Corporation officially took over full control of KMOV.
Acquisition of London Broadcasting Company
On May 14, 2014, Gannett announced the acquisition of six stations from the Texas Broadcasting Company based in Texas in a deal worth $ 215 million, including KCEN-TV (NBC) at Waco-Temple-Bryan, KYTX (CBS) at Tyler-Longview, KIII ( ABC) at Corpus Christi, KBMT (ABC/NBC) in Beaumont-Port Arthur, KXVA (FOX) at Abilene-Sweetwater and KIDY (FOX) in San Angelo. COO Phil Hurley company will also join Gannett to continue his leadership role in six stations. This acquisition was completed on July 8, 2014; in total, Gannett station now serves 83% of households in the state. After the acquisition, Gannett now directly owns and operates their first Fox affiliate, KIDY & amp; KXVA.
Separate and further transactions
On 5 August 2014, Gannett announced that it plans to split into two independently traded public companies, one focusing on newspapers and publications, which will retain Gannett's name, and one on broadcasting. Robert Dickey - who currently leads the Gannett newspaper group - will serve as CEO of the previous company, leaving Gannett's remaining digital broadcast and operation left under Martore's leadership. In a statement, he explained that a separate plan is "the next important step in our ongoing initiative to increase shareholder value by building scale, improving cash flow, sharpening management focus, and strengthening all our businesses to compete effectively in the ever-increasing digital landscape. "In addition, the company announced that it would buy the rest of Classified Ventures - a joint venture between Gannett and several other media companies, for $ 1.8 billion, giving full ownership of properties like Cars.com. On April 21, 2015, Gannett announced that the publishing arm will continue to use the name Gannett, while broadcasting and digital companies will be named Tegna - anagrams from Gannett. The split was completed on June 29, 2015. The split was structured so that Gannett long changed his name to Tegna, and then separated his publishing interests as the "new" Gannett Company.
On October 7, 2015, Gannett made an agreement to buy the Journal Media Group for $ 280 million, giving it control over publications in over 100 markets in Midwestern and Southern US Similar to what Gannett had done with his broadcasting assets, Milwaukee- based Journal has separated arms publishing and broadcasting in April 2015, with Scripps EW Company acquiring television and radio properties owned by the technical Journal of Communications forecasts and spinning out its respective publishing operations into the Journal Media Group. In December 2015, Gannett announced that his local newspaper would be labeled "US Today's Network", signifying closer ties to the USA Today National newspaper.
In April 2016, Gannett made an unsolicited bid to acquire Tribune Publishing Company for $ 12.25 per share, or about $ 400 million. This Agreement was rejected by Tribune shareholders in May 2016; in turn, Gannett increased its offer to about $ 15 per share (about $ 800 million). Although the two companies held talks during the summer and into autumn 2016, disappointing earnings reports for Gannett for the second and third quarters of 2016 caused Gannett to withdraw from talks on November 1.
Acquisitions
- 1906 - Elmira Gazette
- 1912 - Ithaca Journal
- 1928 - Democrats and Chronicles
- 1959 - Courier Post
- 1969 - Pensacola News Journal
- 1971 - Federated Publication
- 1971 - Honolulu Star-Bulletin
- 1972 - Pacific and South Companies, Inc (Taken over by Joint Communications)
- 1976 - Tucson Residents
- 1977 - The Poughkeepsie Journal
- 1977 - Newspaper Speech
- 1978 - Combined Communications, newspaper owners, television stations, radio stations, and outdoor advertising
- 1979 - The News Journal Company, from DuPont
- 1979 - The Tennessean
- 1982 - Mississippi Publisher, owner of The Clarion-Ledger
- 1983 - WTCN-TV (now KARE) from Metromedia and WLVI from Field Communications
- 1985 - Des Moines Register and Tribune Co.
- 1985 - Family Weekly , from CBS
- 1986 - Courier-Journal and Louisville Times Company
- 1986 - Evening News Association and the Detroit News
- 1986 - Arkansas Gazette
- 1990 -
- 1991 - New Jersey Publishing
- 1992 - Honolulu Advertiser
- 1995 - Multimedia, broadcaster and publisher
- 1997 - Army Times Publishing Company
- 1997 - Asbury Park Press and Home News Tribune
- 1998 - Daily Record
- 1999 - News publishers, newspapers and trade in the UK. The website includes a Glasgow-based s1jobs.com job board and Exchange and Mart.
- 2000 - News Communication & amp; Media, publishers of newspapers in the United Kingdom
- 2000 - Central Newspaper, six daily newspapers
- 2001 - 21 newspapers from Thomson Newspapers
- 2001 - Surrey & amp; Sussex Publishing, Horley Publishing, and Dimbleby Newspaper Group; publishers of newspapers in the United Kingdom
- 2003 - Clipper Magazine
- 2003 - Three newspapers from Scottish Media Group
- 2005 - Detroit Free Press and Tallahassee Democrat from Knight Ridder
- 2006 - WATL from Tribune Company & amp; KTVD From Newsweb Corporation.
- 2013 - Belo: 20 TV stations in 15 markets, plus 4 regional cable news networks
- 2014 - 6 TV stations in Texas from London Broadcasting Co.
- 2015 - Acquisition of remaining ownership (56.36%) in Texas-New Mexico Newspapers Partnerships, gains control of eleven documents in three states
- 2015 - Media Group Romanes, British publisher
- 2015 - The company changed its name to Tegna, spin-off the print assets to a new company that retains the Gannett name
- 2016 - Media Journal Groups
- 2016 - ReachLocal
- 2016 - North Jersey Media Group
- 2016 - Golfweek
Maps Gannett Company
List of assets of Gannett Co.
Gannett's media properties include the following top 100 circulars in the United States:
Print media
- USA Today from Tysons Corner, Virginia
- Arizona Republic from Phoenix, Arizona
- Detroit Free Press from Detroit, Michigan
- The Journal Sentinel from Milwaukee, Wisconsin
- Indianapolis Star from Indianapolis, Indiana
- Records from Bergen County, New Jersey
- The Cincinnati Enquirer from Cincinnati, Ohio
- The Courier-Journal from Louisville, Kentucky
- Des Moines List from Des Moines, Iowa
- The Tennessean from Nashville, Tennessee
- Democrats and Chronicles from Rochester, New York
- Commercial Application from Memphis, Tennessee
- Asbury Park Press from Asbury Park, New Jersey
- News Journal from Wilmington, Delaware
- The News-Sentinel from Knoxville, Tennessee
- The Journal News from White Plains, New York
Significant digital investment
- Digg
- WordStream
Board of Directors and senior executives
On October 6, 2011, chairman Gannett, president and chief executive officer Craig A. Dubow resigned, citing health reasons. He was replaced by Gracia Martore, chief operating officer of Gannett, a 26-year veteran of the company. Gannett has ten board members and 11 senior executives.
Post-split, Tegna defends Martore as CEO, and Gannett promotes Newspaper Head Robert Dickey to become the new CEO.
References
External links
- Official website
- Gannett Local (archived from the original on May 9, 2013)
- Gannett at Columbia Journalism Review
- Gannett, Encyclo: the future encyclopedia of the news, Nieman Journalism Lab
- News and comments collected at The New York Times
Source of the article : Wikipedia
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