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Transcript of Fourth-Quarter 2014 Earnings Conference Call
GCI - Q4 2014 Gannett Co., Inc. Earnings Call (EDITED FOR CLARITY) EVENT DATE/TIME: FEBRUARY 03, 2015 / 10 AM ET OVERVIEW: Co. reported 4Q14 total Co. revenues of $1.7b and GAAP diluted EPS of $2.92. 1 FEBRUARY 03, 2015 / 10 A.M. GMT, GCI - Q4 2014 Gannett Co., Inc. Earnings Call CORPORATE PARTICIPAN TS Jeff Heinz Gannett - VP of IR Gracia Martore Gannett - President and CEO Victoria Harker Gannett - CFO Dave Lougee Gannett - President of Gannett Broadcasting Bob Dickey Gannett - President of US Community Publishing CONFERENCE CALL PART ICIPANTS John Janedis Jefferies & Company - Analyst Bill Bird FBR & Co. - Analyst Craig Huber Huber Research Partners - Analyst Alexia Quadrani JPMorgan - Analyst Marci Ryvicker Wells Fargo - Analyst Doug Arthur Evercore ISI - Analyst Jim Goss Barrington Research Associates, Inc. - Analyst Edward Atorino The Benchmark Company - Analyst Michael Kupinski Noble Financial Group - Analyst Barry Lucas Gabelli & Co. - Analyst Liang Feng Morningstar - Analyst PRESENTATION Operator Good day everyone, and welcome to Gannett's fourth-quarter 2014 earnings conference call. This call is being recorded. Due to the large number of callers, we will limit you to one question or comment. We greatly appreciate your cooperation and courtesy. Our speaker for today will be Gracia Martore, President and Chief Executive Officer, and Victoria Harker, Chief Financial Officer. At this time I would like to turn the call over to Jeff Heinz, Vice President, Investor Relations. Please go ahead. Jeff Heinz - Gannett - VP of IR Thanks, Kayla. Good morning, and welcome to our earnings call and webcast. Today, our President and CEO Gracia Martore, and our CFO, Victoria Harker will review Gannett's fourth-quarter 2014 results. -
Minority Percentages at Participating Newspapers
Minority Percentages at Participating Newspapers Asian Native Asian Native Am. Black Hisp Am. Total Am. Black Hisp Am. Total ALABAMA The Anniston Star........................................................3.0 3.0 0.0 0.0 6.1 Free Lance, Hollister ...................................................0.0 0.0 12.5 0.0 12.5 The News-Courier, Athens...........................................0.0 0.0 0.0 0.0 0.0 Lake County Record-Bee, Lakeport...............................0.0 0.0 0.0 0.0 0.0 The Birmingham News................................................0.7 16.7 0.7 0.0 18.1 The Lompoc Record..................................................20.0 0.0 0.0 0.0 20.0 The Decatur Daily........................................................0.0 8.6 0.0 0.0 8.6 Press-Telegram, Long Beach .......................................7.0 4.2 16.9 0.0 28.2 Dothan Eagle..............................................................0.0 4.3 0.0 0.0 4.3 Los Angeles Times......................................................8.5 3.4 6.4 0.2 18.6 Enterprise Ledger........................................................0.0 20.0 0.0 0.0 20.0 Madera Tribune...........................................................0.0 0.0 37.5 0.0 37.5 TimesDaily, Florence...................................................0.0 3.4 0.0 0.0 3.4 Appeal-Democrat, Marysville.......................................4.2 0.0 8.3 0.0 12.5 The Gadsden Times.....................................................0.0 0.0 0.0 0.0 0.0 Merced Sun-Star.........................................................5.0 -
E.W. Scripps Company Expects Newspaper Spinoff to Retain Tax-Free Status in Journal Media Group Acquisition
E.W. Scripps Company expects newspaper spinoff to retain tax-free status in Journal Media Group acquisition For immediate release Oct. 7, 2015 CINCINNATI – The E.W. Scripps Company (NYSE: SSP) expects the spinoff and merger of its newspaper operations with those of Journal Communications to remain tax free for Scripps and its shareholders if Journal Media Group (NYSE: JMG) is acquired by Gannett Company (NYSE: GCI). Gannett announced plans for the acquisition today. On April 1, Scripps and Journal Communications simultaneously spun off and merged their newspaper operations to form Journal Media Group in a transaction that was tax free for Scripps and its shareholders. At the time of this deal, Scripps and Journal Communications entered into a Tax Matters Agreement to address Scripps’ and Journal Media Group’s rights and obligations with respect to a number of matters, including any sale of Journal Media Group before the second anniversary of the closing of the deal. Under that agreement, Journal Media Group is required to provide Scripps with an unqualified opinion of tax counsel confirming that the tax-free status of the spin-off of Scripps newspapers will be preserved in the event of a sale of Journal Media Group. Scripps has received this tax opinion, which concludes that the sale of Journal Media Group will not result in the prior Scripps spinoff becoming taxable to Scripps or its shareholders. About Scripps The E.W. Scripps Company serves audiences and businesses through a growing portfolio of television, radio and digital media brands. Scripps is one of the nation’s largest independent TV station owners, with 33 television stations in 24 markets and a reach of nearly one in five U.S. -
Data Breach Reports
CONTENTS Information & Background on ITRC ........... 2 Methodology .............................................. 3 ITRC Breach Stats Report Summary .......... 4 ITRC Breach Stats Report ..........................5 ITRC Breach Report ................................ 42 Information and Background on ITRC Information management is critically important to all of us - as employees and consumers. For that reason, the Identity Theft Resource Center has been tracking security breaches since 2005, looking for patterns, new trends and any information that may better help us to educate consumers and businesses on the need for understanding the value of protecting personal identifying information. What is a breach? The ITRC defines a data breach as an incident in which an individual name plus a Social Security number, driver’s license number, medical record or financial record (credit/ debit cards included) is potentially put at risk because of exposure. This exposure can occur either electronically or in paper format. The ITRC will also capture breaches that do not, by the nature of the incident, trigger data breach notification laws. Generally, these breaches consist of the exposure of user names, emails and passwords without involving sensitive personal identifying information. These breach incidents will be included by name but without the total number of records exposed. There are currently two ITRC breach reports which are updated and posted on-line on a weekly basis. The ITRC Breach Report presents detailed information about data exposure events along with running totals for a specific year. Breaches are broken down into five categories, as follows: business, banking/credit/financial, educational, Government/Military and medical/healthcare. The ITRC Breach Stats Report provides a summary of this information by category. -
Table 10: Newspapers Not Responding to the ASNE Survey, Ranked By
Table 10 Papers not responding to the ASNE survey, 2005 Ranked by circulation Source: Report to the Knight Foundation, June 2005, by Bill Dedman and Stephen K. Doig The full report is at http://www.asu.edu/cronkite/asne (DNR = did not report to ASNE last year, too.) Rank Newspaper, State Weekday Ownership Circulation Staff non-white circulation area non- % for previous white % survey, if paper responded 1 New York Post, New York 686,207 40.3 DNR 2 Chicago Sun-Times, Illinois 410,000 Hollinger International (Ill.) 50.3 DNR 3 The Columbus Dispatch, Ohio 251,045 17.8 DNR 4 Boston Herald, Massachusetts 240,759 Herald Media (Mass.) 24.1 DNR 5 Arkansas Democrat-Gazette, Little Rock, 182,391 Wehco Media (Ark.) 21.7 DNR Arkansas 6 The Providence Journal, Rhode Island 168,021 Belo (Texas) 17.3 DNR 7 The Florida Times-Union, Jacksonville, 165,425 Morris Communications (Ga.) 29.6 10.4 Florida 8 Las Vegas Review-Journal, Nevada 159,507 Stephens Media Group (Donrey) 39.3 DNR (Nev.) 9 Scripps Treasure Coast Newspapers, 101,705 Scripps (Ohio) 20.7 8.1 Stuart, Florida 10 The Washington Times, District of 100,603 64.3 DNR Columbia 11 Press-Telegram, Long Beach, California 96,967 MediaNews Group (Colo.) 76.8 16.4 Page 1 Rank Newspaper, State Weekday Ownership Circulation Staff non-white circulation area non- % for previous white % survey, if paper responded 12 The Post and Courier, Charleston, South 95,588 Evening Post Publishing (S.C.) 35.9 DNR Carolina 13 Mobile Register, Alabama 94,045 Advance (Newhouse) (N.Y.) 32.8 DNR 14 New Haven Register, Connecticut 92,098 Journal Register (N.J.) 22.7 DNR 15 Daily Press, Newport News, Virginia 91,307 Tribune Co. -
The Impact of Corporate Newsroom Culture on News Workers & Community Reporting
Portland State University PDXScholar Dissertations and Theses Dissertations and Theses Spring 6-5-2018 News Work: the Impact of Corporate Newsroom Culture on News Workers & Community Reporting Carey Lynne Higgins-Dobney Portland State University Follow this and additional works at: https://pdxscholar.library.pdx.edu/open_access_etds Part of the Broadcast and Video Studies Commons, Journalism Studies Commons, and the Mass Communication Commons Let us know how access to this document benefits ou.y Recommended Citation Higgins-Dobney, Carey Lynne, "News Work: the Impact of Corporate Newsroom Culture on News Workers & Community Reporting" (2018). Dissertations and Theses. Paper 4410. https://doi.org/10.15760/etd.6307 This Dissertation is brought to you for free and open access. It has been accepted for inclusion in Dissertations and Theses by an authorized administrator of PDXScholar. Please contact us if we can make this document more accessible: [email protected]. News Work: The Impact of Corporate Newsroom Culture on News Workers & Community Reporting by Carey Lynne Higgins-Dobney A dissertation submitted in partial fulfillment of the requirements for the degree of Doctor of Philosophy in Urban Studies Dissertation Committee: Gerald Sussman, Chair Greg Schrock Priya Kapoor José Padín Portland State University 2018 © 2018 Carey Lynne Higgins-Dobney News Work i Abstract By virtue of their broadcast licenses, local television stations in the United States are bound to serve in the public interest of their community audiences. As federal regulations of those stations loosen and fewer owners increase their holdings across the country, however, local community needs are subjugated by corporate fiduciary responsibilities. Business practices reveal rampant consolidation of ownership, newsroom job description convergence, skilled human labor replaced by computer automation, and economically-driven downsizings, all in the name of profit. -
Broadcast Actions 7/23/2014
Federal Communications Commission 445 Twelfth Street SW PUBLIC NOTICE Washington, D.C. 20554 News media information 202 / 418-0500 Recorded listing of releases and texts 202 / 418-2222 REPORT NO. 48287 Broadcast Actions 7/23/2014 STATE FILE NUMBER E/P CALL LETTERS APPLICANT AND LOCATION N A T U R E O F A P P L I C A T I O N Actions of: 07/18/2014 AM STATION APPLICATIONS FOR MINOR CHANGE TO A LICENSED FACILITY DISMISSED CA BP-20130702AAA KSDT 36830 RUDEX BROADCASTING LIMITED Minor change in licensed facilities. CORPORATION E 1320 KHZ Published in the Federal Register 9/9/2013 CA , HEMET Engineering Amendment filed 02/07/2014 FM STATION APPLICATIONS FOR MODIFICATION OF LICENSE DISMISSED ME BMLH-20140529ACE WKIT-FM THE ZONE CORPORATION License to modify. 25747 Dismissed as moot. No letter sent. E ME ,BREWER 100.3 MHZ AM STATION APPLICATIONS FOR LICENSE TO COVER GRANTED PR BL-20140326AFG WGYA 25531 INTERNATIONAL License to cover. BROADCASTING CORPORATION Engineering Amendment filed 06/23/2014 P 1590 KHZ PR , GUAYAMA AL BL-20140418ABX WGMP 43633 BLUEWATER BROADCASTING License to cover. COMPANY LLC P 1170 KHZ AL , MONTGOMERY Page 1 of 21 Federal Communications Commission 445 Twelfth Street SW PUBLIC NOTICE Washington, D.C. 20554 News media information 202 / 418-0500 Recorded listing of releases and texts 202 / 418-2222 REPORT NO. 48287 Broadcast Actions 7/23/2014 STATE FILE NUMBER E/P CALL LETTERS APPLICANT AND LOCATION N A T U R E O F A P P L I C A T I O N Actions of: 07/18/2014 AM STATION APPLICATIONS FOR MODIFICATION OF LICENSE GRANTED MN BML-20131205BBX KOLM 50288 TOWNSQUARE MEDIA License to modify. -
Newspaper Acquisitions
Newspaper Acquisitions PUBLISHED FOR THE NEWSPAPER INDUSTRY BY DIRKS, VAN ESSEN & MURRAY Volume 19, Issue 4 © Dirks, Van Essen & Murray Year-End 2015 Report What’s Inside Year in review: Deal volume sets new 4th Quarter Complete list of daily newspapers sold in 2015 post-2008 record Largest deals hit page 5 More than half of the year’s dollar Peter Barbey takes the helm at The newspaper deal market set new post- volume occurred in the fourth quarter, the Village Voice recession highs in dollar volume and number page 6 with the largest transactions involving of transactions involving daily newspapers as many of the largest newspapers to Longevity in the West: which the year ended with a flurry of activity. change hands in 2015. papers have been owned the longest? Driven by a large number of small-market The quarter opened with an announce - page 7 transactions and a handful of significant ment that Gannett had agreed to buy group deals, the value of newspaper sales Journal Media Group for $280 million. surpassed $800 million for the first time since And it ended with the sales of three 2008. regional newspapers – the Las Vegas Owen D. Van Essen The largest deals of the year inclued (NV) Review-Journal, the Erie (PA) President Gannett’s agreement to buy Journal Media Times-News and the Fredericksburg Group for $280 million (expected to close in (VA) Free Lance-Star – in separate Philip W. Murray transactions. Executive Vice President 2016), the sale of the Las Vegas (NV) Review-Journal, the earlier sale of Stephens In total, more than $500 million in Sara E. -
Table 2 Ranking by 2004 Newsroom Diversity Index All Daily Newspapers, Listed by State and City
Table 2 Ranking by 2004 Newsroom Diversity Index All daily newspapers, listed by state and city (The Diversity Index is the newsroom non-white percentage divided by the circulation area's non-white percentage.) (DNR = did not report to ASNE.) Source: Report to the Knight Foundation, May 2004 by Bill Dedman and Stephen K. Doig. The full report is at http://www.asu.edu/cronkite/asne State Newspaper Newsroom Staff non- Circulation Source for Ownership Weekday Diversity white % area non- circulation circulation Index white % area (100=parity) Alabama The Alexander City Outlook 0 0.0 26.8 Home county Boone Newspapers (Ala.) 5,300 Alabama The Andalusia Star-News DNR DNR 14.3 Home county Boone Newspapers (Ala.) 3,364 Alabama The Anniston Star DNR DNR 21.7 ZIP Codes Consolidated Publishing (Ala.) 26,847 Alabama The News-Courier, Athens 0 0.0 15.7 ZIP Codes Community Newspaper Holdings 7,162 (Ala.) Alabama Birmingham Post-Herald 35 13.5 38.5 ZIP Codes Scripps (Ohio) 9,689 Alabama The Birmingham News 56 17.9 31.8 ZIP Codes Advance (Newhouse) (N.Y.) 148,938 Alabama The Clanton Advertiser 0 0.0 14.4 Home county Boone Newspapers (Ala.) 5,000 Alabama The Cullman Times 0 0.0 4.5 ZIP Codes Community Newspaper Holdings 10,473 (Ala.) Alabama The Decatur Daily 55 10.8 19.7 ZIP Codes 23,780 Alabama The Dothan Eagle 14 3.8 28.1 ZIP Codes Media General (Va.) 34,424 Alabama Enterprise Ledger 0 0.0 24.4 Home county Media General (Va.) 10,209 Page 1 State Newspaper Newsroom Staff non- Circulation Source for Ownership Weekday Diversity white % area non- circulation -
Minority Percentages at Participating News Organizations
Minority Percentages at Participating News Organizations Asian Native Asian Native American Black Hispanic American Total American Black Hispanic American Total ALABAMA Paragould Daily Press 0.0 0.0 0.0 0.0 0.0 The Anniston Star 0.0 7.7 0.0 0.0 7.7 Pine Bluff Commercial 0.0 13.3 0.0 0.0 13.3 The Birmingham News 0.8 18.3 0.0 0.0 19.2 The Courier, Russellville 0.0 0.0 0.0 0.0 0.0 The Decatur Daily 0.0 7.1 3.6 0.0 10.7 Northwest Arkansas Newspapers LLC, Springdale 0.0 1.5 1.5 0.0 3.0 Enterprise Ledger 0.0 0.0 0.0 0.0 0.0 Stuttgart Daily Leader 0.0 0.0 20.0 0.0 20.0 TimesDaily, Florence 0.0 2.9 0.0 0.0 2.9 Evening Times, West Memphis 0.0 25.0 0.0 0.0 25.0 The Gadsden Times 0.0 5.6 0.0 0.0 5.6 CALIFORNIA The Daily Mountain Eagle, Jasper 0.0 0.0 0.0 0.0 0.0 Desert Dispatch, Barstow 14.3 0.0 0.0 0.0 14.3 Valley Times-News, Lanett 0.0 0.0 0.0 0.0 0.0 Center for Investigative Reporting, Berkeley 7.1 14.3 14.3 0.0 35.7 Press-Register, Mobile 0.0 10.5 0.0 0.0 10.5 Ventura County Star, Camarillo 1.6 3.3 16.4 0.0 21.3 Montgomery Advertiser 0.0 19.5 2.4 0.0 22.0 Chico Enterprise-Record 3.6 0.0 0.0 0.0 3.6 The Daily Sentinel, Scottsboro 0.0 0.0 0.0 0.0 0.0 The Daily Triplicate, Crescent City 11.1 0.0 0.0 0.0 11.1 The Tuscaloosa News 5.1 2.6 0.0 0.0 7.7 The Davis Enterprise 7.1 0.0 7.1 0.0 14.3 ALASKA Imperial Valley Press, El Centro 17.6 0.0 41.2 0.0 58.8 Fairbanks Daily News-Miner 0.0 0.0 0.0 0.0 0.0 North County Times, Escondido 1.3 0.0 5.2 0.0 6.5 Peninsula Clarion, Kenai 0.0 10.0 0.0 0.0 10.0 The Fresno Bee 6.4 1.3 16.7 0.0 24.4 The Daily News, Ketchikan -
Table 6: Details of Race and Ethnicity in Newspaper
Table 6 Details of race and ethnicity in newspaper circulation areas All daily newspapers, by state and city Source: Report to the Knight Foundation, June 2005, by Bill Dedman and Stephen K. Doig The full report is at http://www.asu.edu/cronkite/asne (The Diversity Index is the newsroom non-white percentage divided by the circulation area's non-white percentage.) (DNR = Did not report) State Newspaper Newsroom Staff non-Non-white Hispanic % Black % in Native Asian % in Other % in Multirace White % in Diversity white % % in in circulation American circulation circulation % in circulation Index circulation circulation area % in area area circulation area (100=parity) area area circulation area area Alabama The Alexander City Outlook N/A DNR 26.8 0.6 25.3 0.3 0.2 0.0 0.5 73.2 Alabama The Andalusia Star-News 175 25.0 14.3 0.8 12.3 0.5 0.2 0.0 0.6 85.7 Alabama The Anniston Star N/A DNR 20.7 1.4 17.6 0.3 0.5 0.1 0.8 79.3 Alabama The News-Courier, Athens 0 0.0 15.7 2.8 11.1 0.5 0.4 0.0 0.9 84.3 Alabama Birmingham Post-Herald 29 11.1 38.5 3.6 33.0 0.2 1.0 0.1 0.7 61.5 Alabama The Birmingham News 56 17.6 31.6 1.8 28.1 0.3 0.8 0.1 0.7 68.4 Alabama The Clanton Advertiser 174 25.0 14.4 2.9 10.4 0.3 0.2 0.0 0.6 85.6 Alabama The Cullman Times N/A DNR 4.5 2.1 0.9 0.4 0.2 0.0 0.9 95.5 Alabama The Decatur Daily 44 8.6 19.7 3.1 13.2 1.6 0.4 0.0 1.4 80.3 Alabama The Dothan Eagle 15 4.0 27.3 1.9 23.1 0.5 0.6 0.1 1.0 72.8 Alabama Enterprise Ledger 68 16.7 24.4 2.7 18.2 0.9 1.0 0.1 1.4 75.6 Alabama TimesDaily, Florence 89 12.1 13.7 2.1 10.2 0.3 0.3 0.0 0.7 -
News Clippings
News Clippings All items from the Fayetteville Observer unless otherwise noted 1970 Date Headline Summary 19700100 Talley-Yager vows Methodist College student Barbara Ellen Yager marries solemnized William Victor Talley (includes photo) (date uncertain; source unidentified) 19700102 Roberson-Davis Methodist College graduate Mary Elaine Davis marries Paul Bert Roberson (from the Raleigh News and Observer) 19700100 Miss Wendy L. Methodist College student Wendy Leigh Abbitt marries Abbitt weds Hugh K. Hugh Kyle Keesee (includes photo) (date uncertain; Keesee source unidentified) 19700100 Lewis-Garner pair Methodist College graduate Gilda Mae Garner marries wed in Methodist Robert Edward Lewis (includes photo) (date uncertain; ceremony source unknown) 19700104 Methodist College Methodist College Foundation fund drive schedules annual financial drive 19700107 Surgeon is head of Dr. William B. Hall, Jr., named division chairman for the fund division Methodist College Community Loyalty Campaign (includes photo) 19700107 Methodist visits PSU Men’s basketball at Pembroke State University 19700105 College drive Editorial urging support of Methodist College fund drive deserves support of community 19700108 Pembroke blisters Men’s basketball against Pembroke State University cold Monarchs, 96- 65 19700108 Pembroke trounces Men’s basketball against Pembroke State University Methodist 19700100 FSU, Methodist host Men’s basketball against Greensboro College (date pair of foes tonight uncertain) 19700100 Monarchs name Roy Named captain of Methodist College