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Section 1: 8-K (8-K)


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



FORM 8-K



CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): January 8, 2020 (January 3, 2020)



GANNETT CO., INC.
(Exact name of registrant as specified in its charter)



Delaware
001-36097
38-3910250
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)

7950 Jones Branch Drive
McLean, VA 22107-0910
703-854-6000

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)
 
Not Applicable
(Former name or former address, if changed since last report)



Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:


Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
 
Trading Symbol(s)
 
Name of each exchange on which registered
Common Stock, par value $0.01 per share
 
GCI
 
New York Stock Exchange
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging Growth Company 
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   



Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
On January 6, 2020, Gannett Co., Inc. (the “Company”) issued a press release announcing the departure of the Company’s Chief Financial Officer, Alison K. Engle as of the end of the first quarter. A copy of the press release is furnished herewith as Exhibit 99.1, which is incorporated herein by reference. Ms. Engle’s departure is not in connection with any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
 
The Company and Ms. Engle entered into a Transition Services Agreement, dated as of January 6, 2020 (the “Transition Agreement”).  The Transition Agreement provides that Ms. Engle will continue as Chief Financial Officer of the Company through April 3, 2020 (the “Transition Date”) and that she will also perform services related to transition and integration matters as reasonably requested by the Board of Directors of the Company (the “Transition Services”).  Ms. Engle’s employment with the Company and its subsidiaries (the “Company Group”) will cease effective as of the Transition Date or, if earlier, upon a termination of employment by the Company Group without cause, by Ms. Engle for Good Reason (as defined in the Transition Agreement), or as a result of a termination of employment due to Ms. Engle’s death or disability (such date, the “Qualifying Termination Date”).
 
The Transition Agreement provides that Ms. Engle will continue to receive from the Company Group her annual base salary as in effect as of January 6, 2020 through the date of her termination of employment and also an annual cash incentive bonus for 2019 at the target level of performance.
 
The Transition Agreement generally provides that if Ms. Engle continues in the employment of the Company Group and performs the Transition Services during the period commencing on the closing of the acquisition of Gannett Media Corp. (then known as Gannett Co., Inc.) by the Company (then known as New Media Investment Group Inc.) (the “Effective Time”) and through and including the Qualifying Termination Date, then, as consideration for the Transition Services, she will receive the payments and benefits provided under Sections 7(b)(ii)-(v) of the Company Change in Control Severance Plan (the “CIC Retention Bonus”) and a cash retention bonus of $500,000.  Payment of the CIC Retention Bonus is conditioned upon Ms. Engle executing and delivering a release of claims in favor of the Company Group.  As consideration for the CIC Retention Bonus, Ms. Engle generally will not be eligible to receive any other severance payment or benefit under the Company Change in Control Severance Plan or otherwise.
 
The Transition Agreement further provides that, effective as of the Qualifying Termination Date, Ms. Engle will have incurred a termination of employment by the Company Group without cause for purposes of any then-outstanding award originally granted by Gannett Media Corp. prior to the Effective Time under the Gannett Co., Inc. 2015 Omnibus Incentive Plan, and each other agreement by and between any member of the Company Group and Ms. Engle that contain such a term or provision, including the Employment Retention Agreement, dated January 15, 2019.
 
The preceding description of the Transition Agreement is a summary of its material terms, does not purport to be complete, and is qualified in its entirety by reference to the Transition Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
 
Item 5.03.
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
 
On January 3, 2020, the Board of Directors of the Company approved a change to the Company's fiscal year end from the last Sunday of the calendar year, to the last day of the calendar year. A transition report will not be required.
 
The Board’s decision to change the fiscal year end was related to the previously announced closing of the acquisition by the Company (then known as New Media Investment Group Inc.) of all of the issued and outstanding stock of the company formerly known as Gannett Co., Inc., which used the last day of the calendar year as its fiscal year end.
 

Item 8.01
Other Events.
 
On January 7, 2020, the Company issued a press release announcing the prepayment of approximately $36.2 million in principal and accrued interest pursuant to its senior secured term loan facility. A copy of the press release is furnished herewith as Exhibit 99.2, which is incorporated herein by reference.
 
ITEM 9.01
Financial Statements and Exhibits
 
(d)
Exhibits

Transition Services Agreement, dated January 6, 2020, by and between Gannett Co., Inc. and Alison K. Engel
   
Press Release dated January 6, 2020
   
Press Release dated January 7, 2020

SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 
GANNETT CO., INC.
     
Date:  January 8, 2020
By:
/s/ Michael E. Reed
 
Michael E. Reed
 
Chairman and Chief Executive Officer



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Section 2: EX-10.1 (EXHIBIT 10.1)


Exhibit 10.1

TRANSITION SERVICES AGREEMENT
 
THIS TRANSITION SERVICES AGREEMENT (the “Agreement”) is made effective as of January 6, 2020, (the “Effective Date”), by and between Gannett Co., Inc. (formerly known as New Media Investment Group Inc.), a Delaware corporation (the “Company” and together with its affiliates within the meaning of Rule 12b-2 promulgated under Section 12 of the Securities Exchange Act of 1934, as amended, the “Company Group”), and Alison Engel (“Executive” and, together with the Company, the “Parties”).  Capitalized terms used but not defined herein shall have the meaning ascribed to them in the Gannett Co., Inc. 2015 Change in Control Severance Plan, as amended as of July 20, 2017 (the “Change in Control Severance Plan”).
 
RECITALS
 
WHEREAS, on August 5, 2019, Gannett Media Corp. (formerly known as Gannett Co., Inc.), a Delaware corporation (“Gannett Media Corp.”), entered into an Agreement and Plan of Merger (as it may be amended from time to time, the “Merger Agreement”) by and among the Company, Gannett Media Corp., Gannett Holdings LLC (formerly known as Arctic Holdings LLC), a Delaware limited liability company and wholly owned subsidiary of the Company (“Intermediate Holdco”), and Arctic Acquisition Corp., a Delaware corporation and a direct, wholly owned subsidiary of Intermediate Holdco (“Merger Sub”), pursuant to which, effective as of the closing of the transactions contemplated by the Merger Agreement on November 19, 2019 (the “Effective Time”), Merger Sub merged with and into Gannett Media Corp. and Gannett Media Corp. continued as the surviving corporation (the “Merger”);
 
WHEREAS, Executive is a participant in the Change in Control Severance Plan; and
 
WHEREAS, the Company deems the knowledge, skill and experience of Executive critical to the integration of Gannett Media Corp. as a subsidiary of the Company and also the ongoing success of Gannett Media Corp. in the period following the Effective Time.
 
NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained, the Parties agree as follows:
 
1.          Qualifying Termination Date; Departure Date; Notice of Termination.  Executive’s employment with the Company Group shall cease effective as of April 3, 2020 (the “Transition Date”), (provided, that, following February 28, 2020, Executive shall not be required to report to the office unless specifically requested and otherwise may provide requested services remotely) or, if earlier, upon (x) Executive’s termination of employment by the Company Group without Cause, (y) Executive’s termination of employment for Good Reason, or (z) Executive’s termination of employment as a result of Executive’s death or disability (as determined under the Company’s Long Term Disability Plan in effect immediately prior to the Effective Time) (each a “Qualifying Termination” and such date, the “Qualifying Termination Date”).  Notwithstanding the foregoing, nothing contained in this Agreement shall prohibit either Party from terminating the employment of Executive for any reason prior to the Transition Date (the date of termination of employment, whether on or before the Transition Date, the “Departure Date”).  Effective as of the Departure Date, Executive shall be deemed to have resigned from all positions Executive holds as an officer or employee with respect to the Company Group and agrees to execute all further documents reasonably necessary or appropriate to further memorialize any or all such resignations.
 

2.           Transition Services; Retention Bonuses.
 
(a)         If Executive continues in the employment of Gannett Media Corp. and performs for the Company Group services related to transition and integration matters arising out of the transactions contemplated by the Merger Agreement as reasonably requested by the Company (the “Transition Services”) during the period commencing on the Effective Time and through and including the Qualifying Termination Date (such period, the “Transition Period”), then, as consideration for the Transition Services, the Company Group shall provide Executive with the payments and benefits provided under Sections 7(b)(ii)-(v) of the Change in Control Severance Plan (the “CIC Retention Bonus”). The CIC Retention Bonus shall be provided to Executive in accordance with Section 7(c) (“Timing of Payments and Release Condition”) of the Change in Control Severance Plan, and including, without limitation, conditioned upon the execution and the delivery of the release (in the form of Exhibit A of the Change in Control Severance Plan) as required therein.  For the avoidance of doubt, the CIC Retention Bonus shall be paid to Executive following a Qualifying Termination.
 
(b)        If Executive continues in the employment of Gannett Media Corp. and performs for the Company Group the Transition Services during the period commencing on the Effective Time and ending on the Transition Date, then, as additional consideration for the Transition Services, the Company Group shall pay Executive a cash retention bonus of $500,000 (the “Transition Date Retention Bonus”); provided, that the Transition Date Retention Bonus shall vest and become payable if, prior to the Transition Date, Executive’s employment is terminated as a result of a Qualifying Termination. To the extent earned or otherwise becomes vested and payable, the Transition Date Retention Bonus shall be paid to Executive no later than fifteen (15) business days following the Transition Date or, if earlier, the Qualifying Termination Date.
 
(c)         In performing the Transition Services, Executive shall comply  with all applicable laws and, to the extent made available to Executive, policies of the Company Group.  Executive acknowledges and agrees that, during the Transition Period, Executive shall not work on a full- or part-time basis for another person, firm or entity; provided, that Executive may manage personal and family investments, participate in community and charitable activities (including not-for-profit boards of directors), serve on one non-competitive for-profit board of directors, participate in industry organizations and deliver lectures at educational institutions, so long as such activities do not interfere with the performance of the Transition Services or Executive’s responsibilities to the Company Group.  Executive acknowledges that, in consideration for the potential CIC Retention Bonus, Executive shall not be eligible to receive, and, except as provided herein, hereby irrevocably waives any right to, any payment or benefit under the Change in Control Severance Plan or any other severance benefit or bonus or incentive payment that may be available (other than the Transition Date Retention Bonus, outstanding equity awards and the Employment Retention Agreement (as defined below)).  Notwithstanding any provision of this Agreement to the contrary, Executive shall continue to receive from the Company Group payment of Executive’s annual base salary during the Transition Period through the Departure Date at the rate in effect on the date hereof, and shall be paid a 2019 annual incentive bonus at target, paid in the normal course on or before March 15, 2020. The Company Group shall also provide Executive with all amounts to which Executive is entitled under any other compensation, benefit, or other plan or policy of the Company Group, not specifically addressed herein at the time such amounts are due, including any unreimbursed business expenses and accrued but unused vacation.
 
(d)         Executive’s Employment Retention Agreement, dated January 15, 2019 (the “Employment Retention Agreement”), shall remain in full force and effect. For the avoidance of doubt, payment under the Employment Retention Agreement shall be made following any Qualifying Termination.
 
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3.           Miscellaneous.
 
(a)         Governing Law.  The validity, interpretation, construction, performance and enforcement of this Agreement shall be governed by the laws of the Commonwealth of Virginia, without application of any conflict of laws principles that would result in the application of the laws of any other jurisdiction.
 
(b)         Severability. The provisions of this Agreement shall be deemed severable and the invalidity or unenforceability of any provision shall not affect the validity or enforceability of the other provisions hereof.
 
(c)         Successors and Assigns.  This Agreement shall be binding upon and shall inure to the benefit of the Company, its successors and permitted assigns and the Company shall require any successor or assign to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession or assignment had taken place. The Company may not assign or delegate any rights or obligations hereunder except to a successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company.  Neither this Agreement nor any right or interest hereunder shall be assignable or transferable by Executive, Executive’s beneficiaries or legal representatives, except by will or by the laws of descent and distribution.  This Agreement shall inure to the benefit of and be enforceable by Executive’s legal personal representatives.
 
(d)        Notice. For the purposes of this Agreement, notices and all other communications shall be in writing and shall be deemed to have been duly given when personally delivered or sent by certified mail, return receipt requested, postage prepaid, addressed to the respective addresses last given by one Party to another Party or, if none, in the case of the Company, to the Company’s headquarters directed to the attention of the Company’s General Counsel and, in the case of the Executive, to the most recent address shown in the personnel records of the Company or another member of the Company Group.  All notices and communications shall be deemed to have been received on the date of delivery thereof.
 
(e)         Entire Agreement; Certain Acknowledgements.  This Agreement contains the entire agreement of the Parties with respect to the subject matter hereof and supersedes all prior agreements, if any, understandings and arrangements, oral or written, between or among any member of the Company Group and Executive with respect to the subject matter hereof; provided, that, except as otherwise amended by this Agreement, the Change in Control Severance Plan shall continue in accordance with its terms following the Effective Date, including with respect to the provision of benefits (including those provided under Sections 7(b)(vi), 8, 9 and 10 of the Change in Control Severance Plan), as applicable, in respect of a termination of Executive’s employment following the Effective Time and prior to or on the Transition Date.  In addition, for the avoidance of doubt, the provisions of Sections 7(b)(vi), 8, 9 and 10  of the Change in Control Severance Plan shall apply to any disputes and/or payments under this Agreement and Executive shall not be entitled to “double payment” of any amounts thereunder by virtue of the provisions of this Agreement (e.g. Executive shall not be entitled to the CIC Retention Bonus and payments and benefits under sections 7(b)(vi) of the CIC Severance Plan). The Company Group and the Executive hereby acknowledge and agree that, subject to the continued employment of Executive through the Transition Date or upon Executive’s termination of employment resulting in a Qualifying Termination Date, Executive shall have incurred a termination of employment by the Company Group without “cause” as of the Transition Date (or such earlier Qualifying Termination Date) for purposes of any then-outstanding award originally granted by Gannett Media Corp. prior to the Effective Time under the Gannett Co., Inc. 2015 Omnibus Incentive Plan, and each other agreement by and between any member of the Company Group and Executive that contain such a term or provision. Executive acknowledges that Executive has read and understands this Agreement, is fully aware of its legal effect, has not acted in reliance upon any representations or promises made by the Company other than those contained in writing herein, and has entered into this Agreement freely based on Executive’s own judgment.  Executive acknowledges that Executive has had the opportunity to consult with legal counsel of Executive’s choice in connection with the drafting, negotiation and execution of this Agreement.
 
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(f)         Fees and Expenses. The Company will reimburse (or cause to be reimbursed) Executive’s reasonable attorney’s fees incurred in connection with the negotiation of this Agreement up to a maximum of $10,000.  Such costs shall be paid to Executive promptly upon presentation of expense statements or other supporting information evidencing the incurrence of such expenses.
 
(g)         Headings. The headings and captions in this Agreement are provided for reference and convenience only, shall not be considered part of this Agreement, and shall not be employed in the construction of this Agreement.
 
(h)         Construction. This Agreement shall be deemed drafted equally by both the Parties, and any presumption or principle that the language is to be construed against either Party shall not apply.
 
(i)          Counterparts.  This Agreement may be executed in several counterparts, each of which is an original and all of which shall constitute one instrument. It shall not be necessary in making proof of this Agreement or any counterpart hereof to produce or account for any of the other counterparts.
 
(j)          Withholding.  The Company shall be entitled to withhold (or to cause the withholding of) the amount, if any, of all taxes of any applicable jurisdiction required to be withheld by an employer with respect to any amount paid to Executive hereunder. The Company, in its sole and absolute discretion, shall make all determinations as to whether it is obligated to withhold any taxes hereunder and the amount thereof.
 
(k)         Section 409A.  The Parties intend for the payments and benefits under this Agreement to be exempt from Section 409A or, if not so exempt, to be paid or provided in a manner which complies with the requirements of such section, and intend that this Agreement shall be construed and administered in accordance with such intention.  If any payments or benefits due to the Executive hereunder would cause the application of an accelerated or additional tax under Section 409A, such payments or benefits shall be restructured in a manner which does not cause such an accelerated or additional tax, while endeavoring to maintain the economic intent of this Agreement.  For purposes of the limitations on nonqualified deferred compensation under Section 409A, each payment of compensation under this Agreement shall be treated as a separate payment of compensation.  Without limiting the foregoing and notwithstanding anything contained herein to the contrary, to the extent required in order to avoid accelerated taxation and/or tax penalties under Section 409A amounts that would otherwise be payable and benefits that would otherwise be provided pursuant to this Agreement during the six-month period immediately following the Executive’s separation from service shall instead be paid on the first business day after the date that is six months following the Executive’s termination date (or death, if earlier).
 
[Signature Page Follows]
 
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IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date and year first above written.
 
 
GANNETT CO, INC.
 
 
 
 
By: /s/ Paul Bascobert
 
 
Name: Paul Bascobert
 
 
Title:   President and Chief Executive Officer, Gannett Media Corp.
     
 
EXECUTIVE
    /s/ Alison Engel
  Alison Engel 



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Section 3: EX-99.1 (EXHIBIT 99.1)


Exhibit 99.1
Gannett Announces Q1 Departure of Chief Financial Officer


MCLEAN, VA January 6, 2020 – Gannett Co., Inc. (“Gannett” or the “Company”) (NYSE: GCI) announced today that Alison (Ali) K. Engel, Chief Financial Officer, will depart the Company at the end of the first quarter to pursue other opportunities.  The Board of Directors has begun a process to identify and appoint a successor to Ms. Engel. Mark Maring, current Treasurer of Gannett, is expected to lead the finance function after Ms. Engel’s departure until a new Chief Financial Officer is appointed. Mr. Maring had most recently served as the Treasurer of GateHouse Media for 10 years prior to the merger.
 
Paul Bascobert, Gannett Media Corp. Chief Executive Officer said, “On behalf of our Board and leadership team, we thank Ali for her dedication and invaluable contributions over the past five years. She has been a tireless leader and advocate for our mission and helped us to successfully navigate both a proxy fight and merger this past year. We wish her all the best as she considers her next adventure.”

“I greatly enjoyed my time at Gannett and wish the Company nothing but success in the future,” said Ms. Engel.

About Gannett

Gannett Co., Inc. (NYSE: GCI) is an innovative, digitally focused media and marketing solutions company committed to strengthening communities across our network. With an unmatched reach at the national and local level, Gannett touches the lives of nearly 140 million people monthly with our Pulitzer-Prize winning content, consumer experiences and benefits, and advertiser products and services. Gannett brands include the USA TODAY and more than 260 daily local newspaper brands, digital marketing services companies ReachLocal, WordStream, and ThriveHive and U.K. media company Newsquest. Following the completion of the recent merger, starting November 20, 2019, New Media Investment Group Inc. trades on the New York Stock Exchange under Gannett Co., Inc. and its ticker symbol has changed to “GCI”. To connect with us, visit www.gannett.com.

Forward-Looking Statements

Certain items in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties. These and other risks and uncertainties could cause actual results to differ materially from those described in the forward-looking statements, many of which are beyond our control. The Company can give no assurance that its expectations will be attained, that the Company will be successful in identifying, attracting or retaining qualified candidates or that transition activities will proceed on a timely basis or proceed as expected. Accordingly, you should not place undue reliance on any forward-looking statements contained in this press release. For a discussion of some of the risks and important factors that could cause actual results to differ from such forward-looking statements, see the risks and other factors detailed from time to time in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission. Furthermore, new risks and uncertainties emerge from time to time, and it is not possible for the Company to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Such forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.

Contact:
 
Ashley Higgins & Stacy Cunningham, Gannett Investor Relations
[email protected]
(212) 479-3160
or
Media:
Stephanie Tackach, Gannett Public Relations
[email protected]

Source: Gannett Co., Inc.



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Section 4: EX-99.2 (EXHIBIT 99.2)


Exhibit 99.2


Gannett Announces Early Debt Pay Down


MCLEAN, VA January 7, 2020 – Gannett Co., Inc. (“Gannett”, the “Company”) (NYSE: GCI) announced today it has made a prepayment of approximately $36.2 million in principal and accrued interest of its senior secured term loan facility (“Term Facility”). As a result of this prepayment, the Company reduced the outstanding principal amount under the Term Facility by $35.8 million, from $1.792 billion as of November 19, 2019 to approximately $1.756 billion.

The debt prepayment was funded with excess cash on hand, including the proceeds from the sale of a local facility that was completed prior to year-end.

“We are pleased to have begun to pay down the debt facility. Reducing our leverage is a high priority for us,” said Michael Reed, Chairman and Chief Executive Officer of Gannett. “We continue to expect that real estate sales will enable us to accelerate our debt reduction plan. In addition to this recent sale, we have another $30 million of real estate sales under contract. We expect to share additional details around the size and timing of real estate sales when we announce fourth quarter earnings.”

About Gannett

Gannett Co., Inc. (NYSE: GCI) is an innovative, digitally focused media and marketing solutions company committed to strengthening communities across our network. With an unmatched reach at the national and local level, Gannett touches the lives of nearly 140 million people monthly with our Pulitzer-Prize winning content, consumer experiences and benefits, and advertiser products and services. Gannett brands include the USA TODAY and more than 260 daily local newspaper brands, digital marketing services companies ReachLocal, WordStream, and ThriveHive and U.K. media company Newsquest. Following the completion of their recent merger, starting November 20, 2019, New Media Investment Group Inc. trades on the New York Stock Exchange under Gannett Co., Inc. and its ticker symbol has changed to “GCI”. To connect with us, visit www.gannett.com.

Forward-Looking Statements

Certain items in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future real estate sales and debt reduction. These statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties. These and other risks and uncertainties could cause actual results to differ materially from those described in the forward-looking statements, many of which are beyond our control. The Company can give no assurance that its expectations will be attained. Accordingly, you should not place undue reliance on any forward-looking statements contained in this press release. For a discussion of some of the risks and important factors that could cause actual results to differ from such forward-looking statements, see the risks and other factors detailed from time to time in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission. Furthermore, new risks and uncertainties emerge from time to time, and it is not possible for the Company to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Such forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.

Contact:
 
Ashley Higgins & Stacy Cunningham, Gannett Investor Relations
[email protected]
(212) 479-3160
or
Media:
Stephanie Tackach, Gannett Public Relations
[email protected]

Source: Gannett Co., Inc.



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