Gannett (GCI) Misses Q4 EPS by 60c, Revenue Beats

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Go back to Gannett (GCI) Misses Q4 EPS by 60c, Revenue Beats

Gannett Announces Fourth Quarter and Full Year 2020 Results

February 25, 2021 6:30 AM EST

Strong fourth quarter Revenue and Adjusted EBITDA performance
Debt reduction and refinancing expected to result in $90 million of annual cash interest savings in 2021
Paid digital-only subscriptions reach 1.1 million, an increase of 29% to prior year

MCLEAN, Va.--(BUSINESS WIRE)-- Gannett Co., Inc. ("Gannett", "we", "us", "our", or the "Company") (NYSE: GCI) today reported its financial results for the fourth quarter and full year ended December 31, 2020.

"During a challenging 2020, we achieved strong operational execution, significant cost and debt reductions, improved operating trends and financial... More