Gannett (GCI) Misses Q1 EPS by 34c

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Gannett Announces First Quarter 2020 Results

May 7, 2020 6:45 AM EDT

Strong revenue and Adjusted EBITDA performance despite COVID-19 impact

Implemented $75 million in annualized synergies during the first quarter

Ended the quarter with $200 million of cash and cash equivalents

MCLEAN, Va.--(BUSINESS WIRE)-- Gannett Co., Inc. ("Gannett", "we", "us", "our", or "the Company") (NYSE: GCI) today reported its financial results for the first quarter ended March 31, 2020. Prior to November 19, 2019, our corporate name was New Media Investment Group Inc. ("New Media" or "Legacy New Media"), and Gannett Co., Inc. ("Legacy Gannett") was a... More