2021-01-19 06:33:14 GCI Gannett
01/19/21 01/1906:33 01/19/2106:33 | Gannett sees Q4 revenue $865M-$875M, consensus $869.95MSees Q4 adjusted EBITDA $142M-$147M. "We are pleased to share that the fourth quarter ended with strong Revenue and Adjusted EBITDA performance," said Michael Reed, Chairman & CEO. "Revenue improvement was primarily driven by a continued rebound in our advertising trends, both print and digital. We also continued to see strong digital-only circulation pro forma revenue performance with an increase of approximately 46% year-over-year. The revenue improvement as well as continued expense management, led to stronger Adjusted EBITDA, and positions us for continued performance improvement in 2021. We reduced $654 million of our 11.5% term loan during the fourth quarter and an additional $30 million subsequent to year end, which brings our total term loan reduction to $684 million. These actions have allowed us to reduce debt outstanding to $1.545 billion, as of today, which is ahead of the originally outlined levels that we shared in connection with the acquisition of Gannett Media Corp. in 2019. The reduction of the term loan through debt paydown and refinancing of approximately $500 million into convertible notes has reduced our annual interest expense by $48 million. As we head into 2021, we firmly believe that we will be in a position to refinance the remaining term loan, which will further improve our balance sheet." |
|
---|
Downgrade
|
HashiCorp just downgraded at Wolfe Research, here's why »
18:11
04/26/24
04/26
18:11
04/26/2418:11
HCP
HashiCorp
Wolfe Research downgraded… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
Prologis price target lowered by $17 at Truist, here's why »
18:11
04/26/24
04/26
18:11
04/26/2418:11
PLD
Prologis
Truist analyst Ki Bin Kim… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
First Industrial Realty price target lowered by $5 at Truist, here's why »
18:10
04/26/24
04/26
18:10
04/26/2418:10
FR
First Industrial Realty
Truist lowered the… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
EastGroup Properties price target lowered by $12 at Truist, here's why »
18:10
04/26/24
04/26
18:10
04/26/2418:10
EGP
EastGroup Properties
Truist lowered the… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Hot Stocks
|
Southwest extends flight schedule through March 5, 2025 »
17:58
04/26/24
04/26
17:58
04/26/2417:58
LUV
Southwest
Southwest Airlines Co.… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Periodicals
|
Regulators slated to seize Republic First, close to sale pact, WSJ reports »
17:44
04/26/24
04/26
17:44
04/26/2417:44
FRBK
Republic First Bancorp
Regulators are slated to… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Hot Stocks
|
Faraday Future announces Nasdaq delisting determination »
17:40
04/26/24
04/26
17:40
04/26/2417:40
FFIE
Faraday Future
Faraday Future… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Syndicate
|
LendingTree files $150M mixed securities shelf
17:35
04/26/24
04/26
17:35
04/26/2417:35
TREE
LendingTree
|
Recommendations
|
Charter price target lowered by $50 at Pivotal Research, here's why »
17:29
04/26/24
04/26
17:29
04/26/2417:29
CHTR
Charter
Pivotal Research analyst… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Syndicate
|
Morphic files automatic mixed securities shelf
17:26
04/26/24
04/26
17:26
04/26/2417:26
MORF
Morphic
|
Conference/Events
|
MarineMax participates in a conference call with DA Davidson »
17:24
04/26/24
04/26
17:24
04/26/2417:24
HZO
MarineMax
Analyst Rolle holds a… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Syndicate
|
OptimumBank Holdings files to sell 1.38M shares of common stock for holders
17:23
04/26/24
04/26
17:23
04/26/2417:23
OPHC
OptimumBank Holdings
|
Hot Stocks
|
Strata Skin Sciences announces 1-for-10 reverse stock split »
17:22
04/26/24
04/26
17:22
04/26/2417:22
SSKN
Strata Skin Sciences
Strata Skin Sciences… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Syndicate
|
Vaccinex files to sell 193,000 shares of common stock for holders
17:19
04/26/24
04/26
17:19
04/26/2417:19
VCNX
Vaccinex
|
Syndicate
|
Edible Garden files to sell 2.4M units »
17:14
04/26/24
04/26
17:14
04/26/2417:14
EDBL
Edible Garden
Maxim Group is sole… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Syndicate
|
Hudson Pacific files automatic mixed securities shelf
17:04
04/26/24
04/26
17:04
04/26/2417:04
HPP
Hudson Pacific
|
Syndicate
|
RenovoRx files to sell 6.96M shares of common stock for holders
17:03
04/26/24
04/26
17:03
04/26/2417:03
RNXT
RenovoRx
|
Hot Stocks
|
Society Pass annoucnes 1-for-15 reverse stock split »
16:51
04/26/24
04/26
16:51
04/26/2416:51
SOPA
Society Pass
Society Pass announced… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Initiation
|
Granite Ridge Resources initiated with neutral view at Evercore ISI, here's why »
16:48
04/26/24
04/26
16:48
04/26/2416:48
GRNT
Granite Ridge Resources
Evercore ISI initiated… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Hot Stocks
|
Clever Leaves falls 52% to $1.95 after announcing voluntary delisting
16:46
04/26/24
04/26
16:46
04/26/2416:46
CLVR
Clever Leaves
|
Hot Stocks
|
Clever Leaves trading resumes
16:40
04/26/24
04/26
16:40
04/26/2416:40
CLVR
Clever Leaves
|
Syndicate
|
Achieve Life Sciences files to sell 13.09M shares of common stock for holders
16:35
04/26/24
04/26
16:35
04/26/2416:35
ACHV
Achieve Life Sciences
|
Syndicate
|
Presidio Property Trust files $50M mixed securities shelf
16:34
04/26/24
04/26
16:34
04/26/2416:34
SQFT
Presidio Property Trust
|
Periodicals
|
UMB Financial in discussions to buy Heartland Financial, Bloomberg reports »
16:34
04/26/24
04/26
16:34
04/26/2416:34
UMBF
UMB Financial
Heartland Financial
UMB Financial (UMBF) is… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Hot Stocks
|
A2Z Smart Technologies receives Nasdaq notices of non-compliance »
16:34
04/26/24
04/26
16:34
04/26/2416:34
AZ
A2Z Smart Technologies
A2Z Smart Technologies… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |