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Gannett

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"Gannett" redirects here. For other uses, see Gannet (disambiguation).
Gannett Co., Inc.
Company typePublic
NYSE: GCI
IndustryMedia
Founded1906
FounderFrank Gannett
HeadquartersTysons Corner, Virginia, U.S.
Key people
Gracia Martore
(Chairman, President and CEO)
ProductsNewspapers
television
Internet media
RevenueDecrease US$ 5.439 billion (2010)[1]
Increase US$ 999.7 million (2010)[1]
Increase US$ 588.2 million (2010)[1]
Total assetsDecrease US$ 6.817 billion (2010)[1]
Total equityIncrease US$ 2.334 billion (2010)[1]
Number of employees
32,600 (December 2010)
WebsiteGannett.com
Gannett is headquartered in Tysons Corner, Virginia.

Gannett Company, Inc. (NYSE: GCI) is a publicly-traded media holding company headquartered in Tysons Corner, Virginia, United States, near McLean.[2][3] It is the largest U.S. newspaper publisher as measured by total daily circulation. Its assets include the national newspaper USA Today and the weekly USA Weekend. Its largest non-national newspaper is The Arizona Republic in Phoenix, Arizona. Other significant newspapers include The Indianapolis Star, The Cincinnati Enquirer, The Tennessean in Nashville, Tennessee, The Courier-Journal in Louisville, Kentucky, the Democrat and Chronicle in Rochester, NY, The Des Moines Register, the Detroit Free Press and The News-Press in Fort Myers. Gannett also owns 23 television stations[4] and holds substantial properties in digital media including PointRoll, BNQT Media Group,[5] Ripple6[6] and ShopLocal.

File:Gannett Logo.jpg
Gannett Logo used until March 2011.

History

Gannett Company, Inc. was founded in 1923 by Frank Gannett in Rochester, New York as an outgrowth of a newspaper business he had begun in Elmira, New York in 1906. Gannett, who was known as a conservative,[7] gained fame and fortune by purchasing small independent newspapers and developing them into a large chain, a 20th century trend that helped the newspaper industry remain financially viable.[8] By 1979, the chain had grown to 79 newspapers.[9]

The company was headquartered in Rochester until 1986, when it relocated to Arlington County, Virginia. Its former headquarters building, the Gannett Building, was listed on the National Register of Historic Places in 1985.[10] Gannett's oldest newspaper still in circulation is the Star-Gazette located in Elmira, New York. In 2001, the company moved to its current headquarters in Tysons Corner, a suburb of Washington, D.C.

On March 7, 2011, Gannett introduced its new logo for the company, which replaced the stylised "G" logo that was in use since the 1970s.[11]

Gannett has come under fire in recent years for instituting large-scale layoffs and furloughs while rewarding executives with doubled wages and bonuses even as the company admits to faltering revenues. [12]

Assets

Main article: List of Gannett Company assets

Gannett's media properties include the following newspapers among the top 100(by circulation -- figures are approximate) in the United States, and the following television stations:[13][14]

Broadcast media

Gannett Digital Assets:

Directors

Gannett's chairman, president and chief executive officer was Craig A. Dubow. Dubow resigned on Oct 6, 2011 citing health reasons. Gracia Martore Gannett's CFO, a 26-year veteran, will succeed him. [15] Other directors are:

Senior executives are:

References

  1. ^ a b c d e "2010 Form 10-K, Gannett Co., Inc". United States Securities and Exchange Commission.
  2. ^ "Contact Us." Gannett Company. Retrieved on January 10, 2011. "7950 Jones Branch Drive McLean, VA 22107-0150."
  3. ^ "Tysons Corner CDP, Virginia." United States Census Bureau. Retrieved on May 7, 2009.
  4. ^ http://www.gannett.com/about/map/propmap.htm
  5. ^ USA Today http://www.usatoday.com/marketing/media_kit/pressroom/2008/releases/012408_aquires_sports_online.html. {{cite news}}: Missing or empty |title= (help)
  6. ^ http://www.gannett.com/news/pressrelease/2008/pr111308.htm
  7. ^ Lichtman, Allan J. (2008). White Protestant Nation: The Rise of the American Conservative Movement. Atlantic Monthly Press via Amazon.com Look Inside. p. 87. ISBN 0871139847. Retrieved March 10, 2011.
  8. ^ Ted Bartlett (August 1985). "National Register of Historic Places Registration: Gannett Building". New York State Office of Parks, Recreation and Historic Preservation. Retrieved 2009-11-01.
  9. ^ Neiva, Elizabeth M. Chain Building: The Consolidation of the American Newspaper Industry, 1955-80, in Business and Economic History, Vol. 24, no. 1 (Fall 1995)
  10. ^ "National Register Information System". National Register of Historic Places. National Park Service. March 13, 2009.
  11. ^ USA Today: "Gannett launches corporate branding campaign", March 4, 2011.
  12. ^ WFPL News: "Gannett Executive Bonuses Criticized Amid Layoffs", June 21, 2011
  13. ^ Gannett: Our Locations By Division"
  14. ^ "Audit Bureau of Circulations: US Newspapers", September 30, 2010.
  15. ^ http://www.usatoday.com/money/media/story/2011-10-07/gannett-ceo-resigns/50687494/1
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