Gannett Executives Present to Media and Entertainment Analysts of New York
NEW YORK, NY – Gannett Co., Inc. (NYSE: GCI) Chairman, President and CEO Craig Dubow and Chris Saridakis, senior vice president and chief digital officer, today reported on the company’s transformation efforts and its digital strategy at a presentation to the Media and Entertainment Analysts of New York.
“Executing our strategic plan remains the top priority for us, along with navigating the difficult economic headwinds. These twin forces remain dominant in our world right now,” Dubow said. “We are aggressively moving forward with our digital strategy and we are working to grow our core operations on a day-to-day basis.”
Saridakis told analysts that consumers seek content through a variety of platforms, while advertisers need to find the consumer. Connecting advertisers with consumers is the puzzle in today’s media universe, and Gannett has all the right pieces – content, audience, distribution and technology. “We will leverage this powerful combination to deliver solutions to advertisers across any and all platforms, from local to global,” Saridakis said.
Gracia Martore, executive vice president and CFO, commented on the company’s comfort with the consensus of the analysts’ estimates for first quarter earnings per share. “Estimates are currently in the range of $0.74 and $0.82. We are comfortable, at this point, with earnings per share in the range of $0.76 to $0.78. That does not include a gain on the sale of land equal to approximately $0.07 per share we will recognize in the first quarter.”
The Webcast of the presentation will be available under “Investor Relations” at www.gannett.com through March 28, 2008. The presentation will be archived in the “Investor Relations” section of the company’s Web site.
Also, the company said it began distributing the 2007 Annual Report and proxy statement to shareholders. Both the annual report and the proxy statement are available on its Web site, www.gannett.com.
Gannett Co., Inc. is a leading international news and information company that publishes 85 daily newspapers in the USA, including USA TODAY, the nation’s largest-selling daily newspaper. The company also owns nearly 900 non-daily publications in the USA and USA WEEKEND, a weekly newspaper magazine. Gannett subsidiary Newsquest is the United Kingdom’s second largest regional newspaper company. Newsquest publishes nearly 300 titles, including 17 daily newspapers, and a network of prize-winning Web sites. Gannett also operates 23 television stations in the United States and is an Internet leader with sites sponsored by its TV stations and newspapers including USATODAY.com, one of the most popular news sites on the Web.
Certain statements in this press release may be forward looking in nature or “forward looking statements” as defined in the Private Securities Litigation Reform Act of 1995. The forward looking statements contained in this press release are subject to a number of risks, trends and uncertainties that could cause actual performance to differ materially from these forward looking statements. A number of those risks, trends and uncertainties are discussed in the company’s SEC reports, including the company’s annual report on Form 10-K and quarterly reports on Form 10-Q. Any forward looking statements in this press release should be evaluated in light of these important risk factors.
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