Gannett has completed its spin-off, creating two publicly traded companies: one print-centric, the other broadcast.
The new Gannett will include a portfolio of 92 domestic media markets, Newsquest, a U.K. regional news publisher and flagship title USA Today, which will be led by chief executive officer Robert Dickey. Dickey had most recently served as president of the Gannett U.S. Community Publishing Division.
Gannett will continue to trade on the New York Stock Exchange under symbol “GCI,” while the broadcast company called Tegna, which owns or provides services to 46 TV stations nationwide and operates Cars.com and CareerBuilder.com, will trade under “TGNA” starting today.
Dickey will oversee Gannett’s leadership team, which includes chief financial officer Alison Engel, a former president and cfo of A.H. Belo Corp., as well as Jamshid Khazenie, chief technology officer. Khazenie joined Gannett in 2014 as vice president of digital technology & operations from Turner Broadcasting Systems, Orbitz, U.S. News and PBS.
The “virtually debt-free” new Gannett will have a board of directors that includes Larry Kramer, former president and publisher of USA Today and former president of CBS Digital Media and founder of CBS MarketWatch, as well as president and former executive vice president and chief operating officer of Broadcast Music Inc. John Cody and John Jeffry Louis, Gannett chairman and cofounder and former chairman of Parson Capital Corp.
“With more than 4,000 journalists across digital and print publications in more than 110 markets across the U.S. and U.K., plus the national reach of USA Today, Gannett is uniquely positioned as a next-generation media company,” said Dickey. “Together, we are moving forward as one unified organization with a commitment to strengthening and forging connections in every community that we serve. Over the next year, we will continue to innovate and invest in this network, push the boundaries of storytelling and how it’s experienced and diversify our offerings. We are proactively building a future in which media feels more personal, drives action and adapts to ever-evolving technologies and needs.”