New Gannett Holds Investor Meeting to Present Post-Separation Strategy
Spin-off Expected to be Completed
“With industry-leading assets, the largest publishing portfolio by revenue, and an experienced core management team, new Gannett will have unmatched competitive positioning and the financial flexibility necessary to invest in innovation and make strategic acquisitions in a consolidating industry while delivering attractive returns to our shareholders,” said Dickey. “We will begin virtually debt-free and are well positioned to aggressively pursue marketplace synergies and gain a presence in additional local markets to broaden our scale and footprint.”
Dickey continued, “With nearly 20,000 employees and more than 4,000 journalists, providing top-notch, award-winning content and deep local-to-national reporting will continue to be our top priority. We have revolutionized our content and delivery methods over the last few years and look forward to continuing that strong momentum as a more nimble, highly focused independent company.”
Capital Structure
Gannett initially will be virtually debt-free and expects to pay a
regular cash dividend of
Forward Looking Statements
Certain statements in this press release may be forward looking in
nature or constitute “forward-looking statements” as defined in the
Private Securities Litigation Reform Act of 1995. The words “believe,”
“expect,” “estimate,” “could,” “should,” “intend,” “may,” “plan,”
“seek,” “anticipate,” “project” and similar expressions, among others,
generally identify “forward-looking statements,” which speak only as of
the date the statements were made. The matters discussed in these
forward-looking statements are subject to a number of risks, trends and
uncertainties that could cause actual results to differ materially from
those projected, anticipated or implied in the forward-looking
statements. A number of those risks, trends and uncertainties are
discussed in the Company’s filings with the
Webcast:
A webcast of today’s presentations will be available at www.gannett.com and will be archived in the “Investor Relations” section of the company’s web site.
About new Gannett
View source version on businesswire.com: http://www.businesswire.com/news/home/20150622006314/en/
Source:
Gannett Co., Inc.
For media inquiries, contact:
Amber
Allman
Vice President, Corporate Communications
703-854-5358
aallman@gannett.com
or
For
investor inquiries, contact:
Michael Dickerson
Vice
President, Investor Relations
703-854-6185
mdickerson@gannett.com