Gannett Co., Inc. Buyback
OLI recorded this information on 2/3/2015
Gannett Co., Inc.
Gannett also announced that the company is resuming its share buyback program authorized in June 2013 and suspended in August 2014. There is approximately $150 million remaining under the current authorization. The buyback is consistent with Gannett's commitment to return capital to its shareholders while continuing to reinvest in the business.
Gannett owns, operates and invests in local media assets focused in small to mid-size markets. Co.'s main products include: daily newspapers; weekly newspapers, which publishe up to three times per week; shoppers, which are generally advertising-only publications; locally-focused websites, which extend Co.'s businesses onto the internet and mobile devices; business publications; UpCurve Cloud and ThriveHive digital marketing; and GateHouse Live. In addition to its main products, Co. also produces publications that address specific local market interests such as recreation, sports, healthcare and real estate.
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Buy (3.00 out of 4)
(ranked lower than approx. 59% of all stocks covered)
Based on Zacks ABR data;
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