Gannett Co., Inc. is a large diversified information company.
OPERATIONS WORLDWIDE: Gannett is an international company with headquarters in McLean, Va., and operations in 44 states, the District of Columbia, Guam, the United Kingdom, Belgium, Germany, Italy and Hong Kong.
NEWSPAPERS: Gannett is the USA's largest newspaper group in terms of circulation. The company's 100 daily newspapers in the USA have a combined daily paid circulation of 7.7 million. They include USA TODAY, the nation's largest-selling daily newspaper, with a circulation of approximately 2.3 million. USA TODAY is available in 60 countries worldwide.
In addition, Gannett owns a variety of non-daily publications and USA WEEKEND, a weekly newspaper magazine of 23.6 million circulation delivered in 591 Gannett and non-Gannett newspapers.
Newsquest plc, a wholly owned Gannett subsidiary acquired in mid-1999, is the second largest regional newspaper publisher in the United Kingdom with a portfolio of more than 300 titles. Its publications include 15 daily newspapers with a combined circulation of approximately 550,000. Newsquest's non-daily publications include Berrow's Worcester Journal, the oldest continuously published newspaper in the world.
BROADCASTING: The company owns and operates 22 television stations covering 17.7 percent of the USA.
ON THE INTERNET: Gannett has more than 100 web sites in the United States including USATODAY.com, one of the top newspaper sites on the Internet. Newsquest's award-winning Web network has more than 80 sites in the United Kingdom.
Reasons to Invest: [ source company ]
Two Gannett newspapers were finalists in the third annual Online Journalism Awards, which honor excellence in Internet journalism. The contest is sponsored by the Online News Association and the Columbia Graduate School of Journalism. They were: USATODAY.com - general excellence; DesMoinesRegister.com - feature journalism.
USATODAY.com and the Web site of The Idaho Statesman at Boise on Oct. 25 received inaugural APMEOnline Convergence Awards in their circulation categories from the Associated Press Managing Editors for innovative work with their print newspaper counterparts. USATODAY.com was recognized for "Clear the Skies," a package of stories, graphics, photographs and video about U.S. aviation on Sept. 11, 2001; IdahoStatesman.com won for "Rural Idaho: Challenged to Change." An honorable mention went to the Reno (Nev.) Gazette-Journal.
Gannett Co., Inc. (NYSE: GCI) reported that 2002 fourth quarter earnings per diluted share, on a GAAP (generally accepted accounting principles) basis, were $1.29 versus 93 cents per share for the fourth quarter of 2001, a 39 percent increase. For the full year 2002, diluted earnings per share, on a GAAP basis, were $4.31, a 38 percent increase over the $3.12 for 2001.
Net income increased 40 percent to $347 million in the fourth quarter of 2002 versus $248.4 million in the same quarter of last year. Operating cash flow (defined as operating income plus depreciation and amortization) rose 14 percent to $624.6 million in 2002's fourth quarter from $547.3 million in the year earlier quarter, reflecting very strong television results and another quarter of improved newspaper performance. Total operating revenues for the company increased 7 percent to $1.73 billion in the quarter from $1.61 billion in the similar interval in 2001. For the full year net income rose 40 percent to $1.16 billion from $831.2 million in 2001. Operating cash flow rose 6 percent to $2.1 billion from $2.0 billion in 2001. Operating revenues increased 2 percent to $6.42 billion for the year.
Shares to Qualify = 1
Auto-reinvestment = yes
Min/Max = $10 to $5,000/per month.
Reinvestment Fees -
Dividend investment fees: No
Cash investment fees: No
Auto reinvestment fees: No
Brokerage Fees: No
The Dividend Reinvestment Plan lets Gannett shareholders purchase additional shares of the company's common stock free of brokerage fees or service charges through automatic reinvestment of dividends and optional cash payments. Cash payments may range from a minimum of $10 to a maximum of $5,000 per month.
Once you own a share of Gannett stock, you can sign up for the
Dividend Reinvestment Plan which allows shareholders to
automatically reinvest their dividends and/or to have money
automatically withdrawn each month from a checking or savings
account and invested in Gannett stock.
Gannett shareholders can have their quarterly dividends
electronically credited to their checking or savings accounts on
the payment date at no extra cost.
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