MCLEAN, Va.--(BUSINESS WIRE)--Apr. 21, 2015--
Gannett Co., Inc. (NYSE: GCI) said today that it has chosen TEGNA as the
name for the new Broadcasting and Digital company. Gannett is in the
process of creating two publicly traded companies: one exclusively
focused on its Broadcasting and Digital businesses, and the other on its
Publishing business and affiliated digital assets. TEGNA will trade on
the New York Stock Exchange under the ticker symbol TGNA.
“We are pleased to announce the name of our new Broadcasting and Digital
company, which combines one of the largest, most geographically diverse
broadcasters in the U.S. with incredibly strong marketing solutions
organizations,” said Gracia Martore, Gannett president and CEO. “TEGNA
is a nod to the more than 100 year-old history of Gannett. While always
reminding us where we came from, the new name also shows our innovative
spirit and commitment to being a forward-looking company that empowers
people, businesses and communities to grow and thrive.”
TEGNA’s trusted portfolio of television and digital businesses will
provide the content that matters and brands that deliver. TEGNA’s
broadcasting business will include 46 television stations and be the
largest independent station group of major network affiliates in the top
25 markets. The TV stations will reach approximately one-third of all
television households nationwide and represent the #1 NBC affiliate
group, #1 CBS affiliate group and #4 ABC affiliate group (excluding
owner-operators). Millions of consumers will rely on TEGNA’s
broadcasting stations for news and information vital to their daily
lives. Combined, TEGNA’s TV stations are renowned for their outstanding
journalism and have been recognized with such honors as the Edward R.
Murrow, Alfred I. duPont, George Foster Peabody, National Headliner,
George Polk and Emmy awards.
Cars.com is the leading online destination for automotive consumers
offering credible, objective information about car shopping, selling and
servicing. With over 30 million monthly visits to its web properties,
Cars.com leverages its growing consumer audience to help automotive
marketers more effectively reach car buyers and sellers as well as those
looking for trusted service providers. CareerBuilder, a global leader in
human capital solutions, provides services ranging from labor market
intelligence to talent management software and other recruitment tools.
It is the largest online job site in North America, measured both by
traffic and revenue, and has a presence in more than 60 markets
worldwide. Together, Cars.com and CareerBuilder will provide the
company’s advertising partners with access to two very important
categories – human capital solutions and automotive. Also part of this
powerful digital mix is G/O Digital, which helps businesses – big and
small – grow by delivering digital marketing solutions that drive
results.
The Publishing business and its affiliated digital assets will retain
the Gannett name once the spin is completed mid-2015. Gannett will
continue to trade on the NYSE under the ticker symbol GCI.
About Gannett
Gannett Co., Inc. (NYSE: GCI) is an international media and marketing
solutions company that informs and engages more than 115 million people
every month through its powerful network of broadcast, digital, mobile
and publishing properties. Our portfolio of trusted brands offers
marketers unmatched local-to-national reach and customizable, innovative
marketing solutions across any platform. Gannett is committed to
connecting people – and the companies who want to reach them – with
their interests and communities. For more information, visit www.gannett.com.
Source: Gannett Co., Inc.
Gannett Co., Inc.
For media inquiries, contact:
Jeremy
Gaines
Vice President, Corporate Communications
703-854-6049
jmgaines@gannett.com
or
For
investor inquiries, contact:
Jeffrey Heinz
Vice President,
Investor Relations
703-854-6917
jheinz@gannett.com