Gannett Management
Management criteria checks 2/4
Gannett's CEO is Mike Reed, appointed in Nov 2013, has a tenure of 10.5 years. total yearly compensation is $3.86M, comprised of 23.3% salary and 76.7% bonuses, including company stock and options. directly owns 2.28% of the company’s shares, worth $10.07M. The average tenure of the management team and the board of directors is 4.1 years and 4.6 years respectively.
Key information
Mike Reed
Chief executive officer
US$3.9m
Total compensation
| CEO salary percentage | 23.3% |
| CEO tenure | 10.5yrs |
| CEO ownership | 2.3% |
| Management average tenure | 4.1yrs |
| Board average tenure | 4.6yrs |
Recent management updates
Recent updates
Gannett Co., Inc.'s (NYSE:GCI) Price Is Right But Growth Is Lacking
Mar 22
Gannett: 4 Reasons Why I Am Cautious
Dec 12Gannett: Cash Flows Are Buried By Debt
Sep 27Gannett: Some Risks, But Artificial Intelligence Could Imply Undervaluation
Jul 07Gannett Q4 2022 Earnings Preview
Feb 22Gannet to use real estate sales proceed to cut debt
Feb 03Gannett's Digital Transformation Remains On Track
Nov 02Gannett launches austerity measures; suspends hiring, offers separations
Oct 12Gannett: New Cost Reduction Program And Undervalued
Sep 28Gannett Q2 2022 Earnings Preview
Aug 03Please Unlock Gannett's Value
Jun 02Miller Value Partners - Gannett: An Opportunity To Unlock Significant Equity Value
May 04Gannett: A Turnaround Requiring Patience
Apr 27Is Gannett (NYSE:GCI) Using Too Much Debt?
Dec 22Gannett's Bet On Sports Gambling Has Great Odds
Oct 22Gannett Stock: Another Blowout Quarter For This Undiscovered Gem
Aug 24Gannett: One Of The Greatest Values Left In Today's Stock Market
Jul 14Is Gannett (NYSE:GCI) Using Too Much Debt?
Jun 09Gannett EPS misses by $0.93
May 07What Is The Ownership Structure Like For Gannett Co., Inc. (NYSE:GCI)?
Feb 28CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 US market ($USD2.43M).
Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.
CEO
Mike Reed (57 yo)
10.5yrs
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 |
|---|---|---|---|---|
| Chairman | 10.5yrs | US$3.86m | 2.28% $ 10.1m | |
| CFO & Principal Financial Officer | 4.1yrs | US$2.50m | 0.64% $ 2.8m | |
| Controller | less than a year | no data | 0.089% $ 393.8k | |
| Chief Technology Officer | 1.9yrs | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Chief Legal/General Counsel | 4.3yrs | US$330.00k | no data | |
| Chief Communications Officer | no data | no data | no data | |
| Senior Vice President of Corporate Development | 4.3yrs | no data | no data | |
| Chief Sales Officer | less than a year | no data | no data | |
| Chief People Officer | 4.3yrs | no data | no data | |
| Senior Vice President - Finance & Investor Relations | no data | no data | no data | |
| Chief Content Officer | 1.2yrs | no data | no data |
4.1yrs
Average Tenure
54yo
Average Age
Experienced Management: GCI's management team is considered experienced (4.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 10.5yrs | US$3.86m | 2.28% $ 10.1m | |
| Independent Director | 10.3yrs | US$247.50k | 0.14% $ 633.5k | |
| Lead Independent Director | 10.5yrs | US$285.00k | 0.18% $ 806.3k | |
| Director | 4.5yrs | US$225.00k | 0.26% $ 1.1m | |
| Independent Director | 4.6yrs | US$225.00k | 0.14% $ 631.6k | |
| Independent Director | 4.5yrs | US$225.00k | 0.40% $ 1.7m | |
| Independent Director | 10.3yrs | US$245.00k | 0.72% $ 3.2m | |
| Independent Director | 4.5yrs | US$245.00k | 0.14% $ 607.4k | |
| Independent Director | 1.9yrs | US$225.00k | 0.063% $ 278.1k |
4.6yrs
Average Tenure
64yo
Average Age
Experienced Board: GCI's board of directors are considered experienced (4.6 years average tenure).