Gannett Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Mike Reed

Chief executive officer

US$3.9m

Total compensation

CEO salary percentage	23.3%
CEO tenure	11yrs
CEO ownership	2.3%
Management average tenure	4.6yrs
Board average tenure	5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike Reed's remuneration changed compared to Gannett's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$114m
Jun 30 2024	n/a	n/a	-US$96m
Mar 31 2024	n/a	n/a	-US$123m
Dec 31 2023	US$4m	US$900k	-US$28m
Sep 30 2023	n/a	n/a	US$28m
Jun 30 2023	n/a	n/a	-US$24m
Mar 31 2023	n/a	n/a	-US$65m
Dec 31 2022	US$3m	US$860k	-US$78m
Sep 30 2022	n/a	n/a	-US$133m
Jun 30 2022	n/a	n/a	-US$64m
Mar 31 2022	n/a	n/a	US$4m
Dec 31 2021	US$8m	US$900k	-US$135m

Compensation vs Market: Mike's total compensation ($USD3.86M) is above average for companies of similar size in the German market ($USD1.49M).

Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.

CEO

Mike Reed (58 yo)

11yrs

Tenure

US$3,862,232

Compensation

Mr. Michael E. Reed, also known as Mike, has been Chief Executive Officer and President at Gannett Co., Inc. (formerly New Media Investment Group Inc.) since November 26, 2013 and serves as its Chairman si...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Reed	Chairman	11yrs	US$3.86m	2.31% € 15.3m
Douglas Horne	CFO & Principal Financial Officer	4.6yrs	US$2.50m	0.62% € 4.1m
Cindy Gallagher	Controller	1.3yrs	no data	0.090% € 598.0k
Vincent Cirel	Chief Technology Officer	2.4yrs	no data	no data
Matthew Esposito	Head of Investor Relations	no data	no data	no data
Polly Sack	Chief Legal Officer	4.8yrs	US$330.00k	no data
Lark-Marie Anton	Chief Communications Officer	no data	no data	no data
Jay Fogarty	Senior Vice President of Corporate Development	4.8yrs	no data	no data
Jason Taylor	Chief Sales Officer	1.3yrs	no data	no data
Samantha Howland	Chief People Officer	4.8yrs	no data	no data
Trisha Gosser	Senior Vice President - Finance & Investor Relations	no data	no data	no data
Kristin Roberts	Chief Content Officer	1.7yrs	no data	no data

4.6yrs

Average Tenure

55yo

Average Age

Experienced Management: 2N2A's management team is considered experienced (4.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Reed	Chairman	11yrs	US$3.86m	2.31% € 15.3m
Theodore Janulis	Independent Director	10.8yrs	US$247.50k	0.17% € 1.1m
Kevin Sheehan	Lead Independent Director	11yrs	US$285.00k	0.21% € 1.4m
Barbara Wall	Director	5yrs	US$225.00k	0.28% € 1.9m
John Louis	Independent Director	5yrs	US$225.00k	0.43% € 2.8m
Laurence Tarica	Independent Director	10.8yrs	US$245.00k	0.78% € 5.2m
Debra Sandler	Independent Director	5yrs	US$245.00k	0.16% € 1.1m
Amy Reinhard	Independent Director	2.4yrs	US$225.00k	0.086% € 569.6k
Maha Al-Emam	Director	less than a year	no data	0.022% € 147.2k

5.0yrs

Average Tenure

64yo

Average Age

Experienced Board: 2N2A's board of directors are considered experienced (5 years average tenure).

Gannett Management

Management criteria checks 2/4

Key information

Recent management updates

Gannett Co., Inc., Annual General Meeting, Jun 03, 2024

Independent Director recently bought €341k worth of stock

Chairman recently bought €112k worth of stock

Chairman recently bought €241k worth of stock

Gannett Co., Inc. Announces Executive Changes

Gannett Co., Inc. Appoints Chris Cho as President of Digital Marketing Solutions, Effective July 10, 2023

Recent updates

Third quarter 2024 earnings released: US$0.14 loss per share (vs US$0.018 loss in 3Q 2023)

Gannett Co., Inc. Updates Earnings Guidance for the Full Year 2024

New minor risk - Shareholder dilution

Gannett Co., Inc. announced that it has received $0.11 million in funding

Forecast breakeven date pushed back to 2026

Forecast breakeven date pushed back to 2026

Second quarter 2024 earnings released: EPS: US$0.10 (vs US$0.091 loss in 2Q 2023)

Gannett Co., Inc. Provides Earnings Guidance for the Full Year 2024 and 2025 to 2026

Gannett Co., Inc. to Report Q2, 2024 Results on Aug 01, 2024

Gannett Co., Inc. Reiterates Earnings Guidance for the Full Year 2024 and Provides Earnings Guidance for the Full Year 2025 and 2026

First quarter 2024 earnings released: US$0.60 loss per share (vs US$0.075 profit in 1Q 2023)

Gannett Co., Inc. to Report Q1, 2024 Results on May 02, 2024

Gannett Co., Inc., Annual General Meeting, Jun 03, 2024

Full year 2023 earnings released: US$0.20 loss per share (vs US$0.57 loss in FY 2022)

Gannett Co., Inc. Provides Earnings Guidance for the Year 2024, 2025 and 2026

Gannett Co., Inc. to Report Q4, 2023 Results on Feb 22, 2024

Gannett Co., Inc. Announces Statement Regarding Defamation Verdict

Investor sentiment improves as stock rises 21%

Independent Director recently bought €341k worth of stock

Investor sentiment deteriorates as stock falls 16%

Chairman recently bought €112k worth of stock

Third quarter 2023 earnings released: US$0.02 loss per share (vs US$0.40 loss in 3Q 2022)

Gannett Co., Inc. to Report Q3, 2023 Results on Nov 02, 2023

CherryRoad Media Inc signed a definitive agreement to acquire Printing operations in Hutchinson, Kansas of Gannett Co., Inc. (NYSE:GCI).

Chairman recently bought €241k worth of stock

Gannett Co., Inc. Announces Executive Changes

Second quarter 2023 earnings released: US$0.09 loss per share (vs US$0.39 loss in 2Q 2022)

Gannett Co., Inc. to Report Q2, 2023 Results on Aug 03, 2023

Gannett Co., Inc. Appoints Chris Cho as President of Digital Marketing Solutions, Effective July 10, 2023

Gannett Co., Inc.(NYSE:GCI) dropped from S&P 600 Communication Services (Sector)

Forecast breakeven date moved forward to 2023

Gannett Co., Inc. Provides Earnings Guidance for the Full Year 2023

First quarter 2023 earnings released: EPS: US$0.07 (vs US$0.022 loss in 1Q 2022)

Full year 2022 earnings released: US$0.57 loss per share (vs US$1.00 loss in FY 2021)

Gannett Co., Inc. to Report Q4, 2022 Results on Feb 23, 2023

Independent Director recently bought €211k worth of stock

Insufficient new directors

Third quarter 2022 earnings released: US$0.39 loss per share (vs US$0.11 profit in 3Q 2021)

Gannett Co., Inc. Provides Earnings Guidance for the Full Year 2022

Gannett Co., Inc. to Report Q3, 2022 Results on Nov 03, 2022

Chairman recently bought €1.2m worth of stock

Second quarter 2022 earnings released: US$0.39 loss per share (vs US$0.11 profit in 2Q 2021)

Gannett Co., Inc. Provides Earnings Guidance for Full Year 2022

High number of new directors

Gannett Co., Inc. to Report Q2, 2022 Results on Aug 04, 2022

High number of new directors

Gannett Co., Inc. Appoints Vincent Cirel as Chief Technology Officer

Gannett Co., Inc. Elects Amy Reinhard as Director

A private investor group acquired Newport Life Magazine from Gannett Co., Inc. (NYSE:GCI).

First quarter 2022 earnings released: US$0.02 loss per share (vs US$1.06 loss in 1Q 2021)

Gannett Co., Inc. Provides Earnings Guidance for the Second Quarter and Full Year 2022

High number of new directors

Gannett Co., Inc. to Report Q1, 2022 Results on May 05, 2022

Gannett Co., Inc., Annual General Meeting, Jun 06, 2022

Independent Director recently bought €268k worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Gannett Co., Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2022

Gannett Co., Inc. to Report Q4, 2021 Results on Feb 24, 2022

Gannett Co., Inc. (NYSE:GCI) announces an Equity Buyback for $100 million worth of its shares.

Dotmount Communications Group acquired an unknown stake in Gannett Co., Inc. (NYSE:GCI).

Third quarter 2021 earnings released: EPS US$0.11 (vs US$0.24 loss in 3Q 2020)

Independent Director recently bought €141k worth of stock

Gannett Co., Inc. Launches Usa Today Sports+Premium Subscription Product

Phillips Media Group, LLC agreed to acquire Five Publications in United States from Gannett Co., Inc. (NYSE:GCI).

Second quarter 2021 earnings released: EPS US$0.11 (vs US$3.32 loss in 2Q 2020)

Independent Director recently bought €73k worth of stock

Gannett Co., Inc. Announces Asset Impairment for the First Quarter Ended March 31, 2021

First quarter 2021 earnings released: US$1.06 loss per share (vs US$0.61 loss in 1Q 2020)

Full year 2020 earnings released: US$5.09 loss per share (vs US$1.77 loss in FY 2019)