GCI - Gannett Digital Revenue On The Rise But No Profits Yet

2024-07-02 06:00:49 ET

Summary

• Gannett is adapting to new technologies, to increase digital revenue and offset print losses.
• The company is making progress towards reaching an inflection point where digital revenue surpasses print losses.
• Despite displaying red ink, Gannett shows promise in driving new growth, but investors need to be patient.

Gannett investment thesis

For decades, newspaper companies like Gannett Co., Inc. ( GCI ) have had to adapt to the new technologies that gave us the Internet, digitization, and more.

The company behind USA Today is getting closer to what it calls an inflection point, where new digital revenue that will offset and eventually surpass its print losses. The latest quarterly report indicates it is headed in the right direction....

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