Gannett - M&A Summary and Business Overview

PublishingCompany

Gannett M&A Summary

Gannett has acquired 18 companies, including 2 in the last 5 years. A total of 5 acquisitions came from private equity firms.

Gannett’s largest acquisition to date was in 2019, when it acquired Gannett for $1.8B. Gannett has acquired in 12 different US states. The Company’s most targeted sectors include media (44%) and publishing (44%).

Gannett Business Overview

Where is Gannett headquartered?

Gannett is headquartered in McLean, Virginia.

What is Gannett’s revenue?

Gannett disclosed revenue of 2,664M USD for 2023 and 2,945M USD for 2022.

How many employees does Gannett have?

Gannett has 12,800 employees.

What sector is Gannett in?

Gannett is a publishing company.

When was Gannett founded?

Gannett was founded in 1997 .

M&A Summary

M&A Total Activity16
- M&A Buy Activity16
Total Sectors Invested 4
Total Countries Invested 1
M&A Buy/Sell Connections 9
M&A Advisors 4

Gannett

Gannett Co., Inc.

7950 Jones Branch Drive,
McLean, Virginia 22107
United States,
(703) 854-6000
www.gannett.com

Gannett is a subscription-led and digitally focused media and marketing solutions company committed to empowering communities to thrive. With unmatched reach at the national and local level, Gannett touches the lives of millions with its Pulitzer-Prize winning content consumer experiences and benefits, and advertiser products and services. The company's portfolio includes the USA TODAY, local media organizations in 46 states in the U.S., and Newsquest, a wholly-owned subsidiary with over 120 local media brands operating in the United Kingdom. Gannett also owns the digital marketing services companies ReachLocal, Inc., UpCurve, Inc., and WordStream, Inc. and runs the largest media-owned events business in the U.S., USA TODAY NETWORK Ventures. Gannett was founded in 1997 and is based in McLean, Virginia.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (0.0/yr)	#	16	-	-	-	-	-	16
Buy (0.0/yr)	vol	$2.1B						$2.1B
Sell (0.0/yr)	#	-	-	-	-	-	-	0
								16

Most Recent M&A

Company	Date	Value	Type
Gannett Co., Inc. (old)	2019-08-05	1.8B USD	Add-on Acquisition
McLean, Virginia
Schurz Communications, Inc. - Newspaper Assets	2019-01-29	30M USD	Divestiture
, Indiana
Online Automotive Solutions	2018-03-27	4M USD	Add-on Acquisition
Palatine, Illinois · www.onlineautomotivesolutions.com
Calkins Media, Inc.	2017-06-19	18M USD	Add-on Acquisition
Levittown, Pennsylvania · www.calkins.com
Wooster Republican Printing Co. - Ohio Publishing Division	2017-01-31	21M USD	Divestiture
, Ohio
Harris Enterprises, Inc.	2016-11-30	20M USD	Add-on Acquisition
Hutchinson, Kansas · www.hgbc.com
Journal Multimedia	2016-05-02	18M USD	Add-on Acquisition
Harrisburg, Pennsylvania · www.journalmultimedia.com
Erie Times-News	2016-01-13	12M USD	Divestiture
, United States
Dolan - Business Information Division	2016-01-04	35M USD	Divestiture
, United States
Monroe Publishing Co.	2015-09-24	5M USD	Add-on Acquisition
Monroe, Michigan · www.monroepublishing.com
View All >>

Business Unit M&A

Company	Acquired	Add-On/Sale	Date	#
GateHouse Media, Inc.	2014-03-20	W-Systems Corp.	2020-11-05	1
Fairport, New York · www.gatehousemedia.com		Cupertino, California · www.w-systems.com
Stephens Media LLC	2015-02-19	Mapleton Communications LLC	2019-07-01	1
Las Vegas, Nevada · www.stephensmedia.com		Los Angeles, California
GateHouse Media, Inc.	2014-03-20	American Consolidated Media LP	2014-07-01	1
Fairport, New York · www.gatehousemedia.com		Dallas, Texas · www.amconmedia.com

M&A by Sector

Sector	Buy #	Value	Sell #	Value
Media	7 (44%)	128M (6%)	-	-
Publishing	7 (44%)	1.9B (93%)	-	-
Digital Media	1 (6%)	18M (1%)	-	-
Software	1 (6%)	4M (< 1%)	-	-
Total	16	$2.1B	-	-

By Geo

State/Country		Buy	Value	Sell	Value
United States		16	2.1B	-	-
	Virginia	2	1.8B	-	-
	Pennsylvania	2	36M	-	-
	Ohio	1	21M	-	-
	New York	1	-	-	-
	Nevada	1	103M	-	-
	Michigan	1	5M	-	-
	Kansas	1	20M	-	-
	Indiana	1	30M	-	-
	Illinois	1	4M	-	-
	Florida	1	-	-	-
	California	1	-	-	-
Total		16	$2.1B	-	-

Top M&A Advisors

Financial	Deals
Jefferies	1
Credit Suisse Investment Banking	1

Legal	Deals
Wilson Sonsini Goodrich & Rosati	1
Cravath, Swaine & Moore	1

Deal Values

buy	#	Total
> $1B	1	$1.8B
$100M to $1B	1	$103M
< $100M	10	$178M
TOTAL		$2.1B
Largest	Gannett Co., Inc. (old) $1.8B (2019-08-05)

M&A Connections

		Deals
Acquired from
Investor(s)	19%	3 (19%)
Strategic(s)	31%	5 (31%)

Company Summary

SECTOR

Publishing

Revenue

2,664 10%	2023
2,945 9%	2022
3,208 6%	2021
3,406 83%	2020
1,868 23%	2019
1,526 14%	2018
1,342 7%	2017
1,255 5%	2016
1,196 84%	2015
652 27%	2014
516 6%	2013
488	2012
(millions of USD)	Show More Show Less

Employees

12,800

Established

1997

Public

NYSE: GCI

Former Name

New Media Investment Group, Inc.

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Gannett - M&A Summary and Business Overview

PublishingCompany