Added to YB: 2019-07-25
Pitch date: 2019-07-25
GCI [bullish]
Gannett Co., Inc.
-41.27%
current return
Author Info
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Company Info
Gannett Co., Inc. operates as a media and digital marketing solutions company in the United States. It operates through three segments: Domestic Gannett Media, Newsquest, and Digital Marketing Solutions.
Market Cap
$618.3M
Pitch Price
$9.36
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.07
P/E
5.97
EV/Sales
0.71
Sector
Media
Category
special_situation
Gannett: Rumored Deal with New Media
GCI: New Media (NEWM) in talks to buy Gannett in cash & stock deal. Fortress-managed NEWM to double mgmt fees, GCI gets higher price vs prior $12/sh hostile bid. $200M synergies (~25% GCI G&A) key. NEWM could pay $6-7/sh cash at 2.5x leverage + stock. Win-win for struggling industry.
Read full article (4 min)