USA TODAY Management
Management criteria checks 4/4
USA TODAY's CEO is Mike Reed, appointed in Nov 2013, has a tenure of 12.42 years. total yearly compensation is $4.09M, comprised of 22.1% salary and 77.9% bonuses, including company stock and options. directly owns 2.08% of the company’s shares, worth $22.25M. The average tenure of the management team and the board of directors is 2.9 years and 6.4 years respectively.
Key information
Mike Reed
Chief executive officer
US$4.1m
Total compensation
| CEO salary percentage | 22.11% |
| CEO tenure | 12.4yrs |
| CEO ownership | 2.1% |
| Management average tenure | 2.9yrs |
| Board average tenure | 6.4yrs |
Recent management updates
Recent updates
TDAY: Meta AI Licensing And Digital Shift Will Support Higher Margin Revenues
Narrative update on USA Today analyst price target The consensus analyst price target for USA Today has moved higher by a few dollars, into a range that now reflects expectations for growing digital revenue contributions, monetization of its 179M monthly unique visitors, cost reductions of about $100m, progress on asset sales, and potential balance sheet improvement tied to its Google lawsuit and AI licensing agreements. Analyst Commentary Recent research updates show price targets moving higher into a mid single digit range, with analysts highlighting both upside drivers and execution risks as USA Today accelerates its shift toward digital revenue and works through its cost reduction and asset sale plans.TDAY: Meta AI Licensing Will Support Higher Margin Digital And AI Revenues
Analysts have raised their average price target for USA TODAY by $0.17, pointing to factors such as the ongoing shift toward higher margin digital revenue, progress on cost reductions and debt paydown, and potential upside from advertising, subscriptions, DMS launches, AI licensing, and the Google lawsuit. Analyst Commentary Recent research updates highlight a mix of optimism and caution around USA TODAY, with higher price targets reflecting both confidence in the digital transition and awareness of execution risks.TDAY: Meta AI Licensing Will Drive Higher Margin Digital Revenue Shift
Narrative Update: USA Today Analyst Price Target Shift The consensus analyst price target for USA Today has moved higher to reflect a fair value estimate near $8.04 per share. Analysts cite the ongoing shift toward higher margin digital revenue, expected benefits from cost reductions and asset sales, and potential upside from AI licensing and legal outcomes as key factors behind the recent price target increases to $6.75 and $8.TDAY: Meta AI Licensing And Digital Shift Will Shape Future Upside
Analysts have lifted their average fair value estimate for USA TODAY to about $7.93 from $7.12, citing growing confidence in the shift toward higher margin digital revenue, cost reduction efforts, and new monetization channels such as AI licensing deals and digital advertising. Analyst Commentary Recent research points to a more constructive stance on USA TODAY, with bullish analysts highlighting progress on the digital mix, cost actions, and new revenue streams as key inputs into higher fair value estimates.TDAY: Meta Content Partnership And Higher Future P/E Will Shape Upside Potential
Analysts lifted their price target on USA TODAY by $1, citing updated fair value and P/E assumptions that reflect a slightly lower discount rate, modestly different revenue and margin expectations, and a higher future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts see the updated fair value and P/E assumptions as support for a slightly higher price target, suggesting they view the current valuation as leaving some room for upside if execution aligns with their models.TDAY: Legal Upside And Margin Execution Will Shape Future Balance
Analysts have nudged their fair value estimate for USA TODAY up to $6.40 from $6.22, citing updated models that reflect recent Q3 inputs, a modestly lower discount rate, slightly weaker projected revenue growth, improved profit margin assumptions, and a reduced future P/E multiple in line with the latest Street research. Analyst Commentary Recent Street research on USA TODAY and its parent, Gannett, offers a mixed picture that hinges on how you view legal upside, execution on profitability, and valuation reset after Q3.TDAY: Google Case Optionality And Name Change Will Shape Future Balance
Narrative Update Analysts have lifted their price target on Gannett to US$5.10 from US$4.30, citing updated models following Q3 results and assigning a 50% probability that the company secures a US$230m award in its case against Google as a key factor behind the higher valuation range. Analyst Commentary Recent Street research around USA TODAY parent Gannett focuses heavily on how the ongoing case against Google feeds into the valuation range, alongside updated assumptions after Q3 results.TDAY: Legal Case And Name Change Will Shape Balanced Outlook
Narrative Update Analysts have raised their fair value estimate for Gannett shares from $5.76 to $6.22. The change reflects updated assumptions on the discount rate, profitability, and a modeled 50% probability that the company receives a $230 million award in its case against Google.USA Today: Google Lawsuit Catalyst Is Real, But The Turnaround Isn't Here Yet
Dec 02USA TODAY Co., Inc. (NYSE:TDAY) Surges 25% Yet Its Low P/S Is No Reason For Excitement
Nov 25
Gannett's (NYSE:GCI) Profits May Be Overstating Its True Earnings Potential
Nov 07Gannett Co., Inc. (NYSE:GCI) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
Nov 02Gannett Co., Inc.'s (NYSE:GCI) Prospects Need A Boost To Lift Shares
Oct 10Gannett Co., Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Aug 04AI Deals And Snowflake Partnerships Will Drive Gains Amid Risks
AI partnerships and digital initiatives are fueling new revenue streams, improved ad targeting, and operational efficiency, driving stronger margins and reduced costs.Gannett's (NYSE:GCI) Returns Have Hit A Wall
Jul 19Gannett's (NYSE:GCI) Earnings Might Be Weaker Than You Think
May 08Gannett Co., Inc.: A Deep Value Turnaround With Hidden Optionality
Mar 30Benign Growth For Gannett Co., Inc. (NYSE:GCI) Underpins Stock's 26% Plummet
Mar 09Gannett (NYSE:GCI) Seems To Be Using A Lot Of Debt
Jan 23Gannett: Digitization Efforts Already Priced In
Jan 20Gannett Co., Inc. (NYSE:GCI) Stock Catapults 31% Though Its Price And Business Still Lag The Industry
Oct 10After Summer Surge, Gannett No Longer Seems To Be A Value Buy
Sep 23Is Gannett (NYSE:GCI) Using Too Much Debt?
Aug 27Gannett Digital Revenue On The Rise, But No Profits Yet
Jul 02Gannett Co., Inc.'s (NYSE:GCI) Shares Bounce 33% But Its Business Still Trails The Industry
Jun 11Gannett Co., Inc.'s (NYSE:GCI) Price Is Right But Growth Is Lacking
Mar 22CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2025 | US$4m | US$903k | US$2m |
| Sep 30 2025 | n/a | n/a | US$96m |
| Jun 30 2025 | n/a | n/a | US$116m |
| Mar 31 2025 | n/a | n/a | US$51m |
| Dec 31 2024 | US$4m | US$907k | -US$26m |
| 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$135m |
Compensation vs Market: Mike's total compensation ($USD4.09M) is about average for companies of similar size in the US market ($USD3.70M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike Reed (59 yo)
12.4yrs
Tenure
US$4,085,499
Compensation
Mr. Michael E. Reed, also known as Mike, is Chairman, President & CEO of Gannett Media Corp. He has been Chief Executive Officer, President and Director at USA TODAY Co., Inc. (formerly known as Gannett Co...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 12.4yrs | US$4.09m | 2.08% $ 22.3m | |
| CFO, Senior VP- Finance & Investor Relations | 1.1yrs | US$1.38m | 0.093% $ 995.9k | |
| Controller | 2.7yrs | no data | 0.078% $ 828.8k | |
| Chief Technology & Data Officer | less than a year | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Chief Legal Officer | 6.3yrs | US$330.00k | no data | |
| Chief Communications and Brand Officer | no data | no data | no data | |
| Senior Vice President of Corporate Development | 6.3yrs | no data | no data | |
| Chief People Officer | 6.3yrs | no data | no data | |
| Chief Revenue Officer | 1.3yrs | no data | no data | |
| President of USA Today Media | 3.1yrs | no data | no data | |
| Senior Vice President of USA Today’s Newsroom | 2yrs | no data | no data |
2.9yrs
Average Tenure
58yo
Average Age
Experienced Management: TDAY's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 12.4yrs | US$4.09m | 2.08% $ 22.3m | |
| Independent Director | 12.3yrs | US$228.95k | 0.18% $ 2.0m | |
| Lead Independent Director | 12.4yrs | US$285.00k | 0.15% $ 1.6m | |
| Independent Director | 6.4yrs | US$241.05k | 0.29% $ 3.1m | |
| Independent Director | 6.4yrs | US$241.05k | 0.46% $ 4.9m | |
| Independent Director | 12.3yrs | US$228.95k | 0.77% $ 8.2m | |
| Independent Director | 6.4yrs | US$245.95k | 0.18% $ 1.9m | |
| Independent Director | 4yrs | US$241.05k | 0.12% $ 1.2m | |
| Independent Director | 1.8yrs | US$225.00k | 0.045% $ 485.4k |
6.4yrs
Average Tenure
65yo
Average Age
Experienced Board: TDAY's board of directors are considered experienced (6.4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/04/30 21:43 |
| End of Day Share Price | 2026/04/30 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
USA TODAY Co., Inc. is covered by 10 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jason Bazinet | Citigroup Inc |
| Matthew Condon | Citizens JMP Securities, LLC |
| Andrew Boone | Citizens JMP Securities, LLC |