Gannett announces strategic organizational restructuring

MCLEAN, Va.–(BUSINESS WIRE)–Gannett Co., Inc. (“Gannett”, “we”, “us”, “our” or the “Company”) (NYSE: GCI) today announced a strategic organizational restructuring with the creation of two new operating business units, Gannett Media and Digital Marketing Solutions (DMS), which will be led by Maribel Perez Wadsworth and Kris Barton as presidents of each company respectively. The evolved corporate structure is designed to align Gannett’s subject matter expertise and resources with favorable growth opportunities.

“This reorganization ensures that our consumer and B2B businesses are strategically optimized for our next stage of growth with incredibly experienced leadership at the helm while championing our culture of inclusion and driving our long-term goals of sustainable revenue growth and cash flow,” said Michael Reed. , Gannett Chairman and Chief Executive Officer. “Improving the efficiency of our operations will accelerate Gannett’s digital future as a data-driven, subscription-based technology company.”

As President of Gannett Media, Wadsworth will oversee a broad organization that prioritizes content, news, business-to-business (B2B) and subscriber engagement while continuing to accelerate digital subscriber growth. by Gannett. She and her team will focus on the subscriber journey, ensuring customer satisfaction and engaging new audiences by leveraging legacy business to drive impression stabilization and digital growth for the media organization with a digital lens. on all efforts.

Wadsworth is uniquely qualified for the role as she was an instrumental member of Gannett for more than 25 years, dating back to her early days as a reporter at the Rockford Register Star in Illinois. His business and industry expertise includes managing Gannett’s news division, overseeing more than 4,000 reporters at more than 230 local news outlets and flagship publication USA TODAY. In 2015, she was named Gannett’s first Chief Strategy and Transformation Officer and helped design Gannett’s digital subscription strategy. She is also a recognized leader in the development of women and minority leaders in the newsroom, currently serves on the Board of Directors of The Associated Press and Skillshare, and as President of the News Media Alliance and President of the International News Media Association. She is also a trustee of her alma mater, the University of Miami.

“It is both a great privilege and a responsibility to lead Gannett Media as we build a strong future,” said Maribel Perez Wadsworth, President of Gannett Media. “My goal is to strengthen our journalism – that’s our mission, and to significantly diversify our content portfolio for growth – that’s our promise as a vibrant next-generation media company.”

As President of Digital Marketing Solutions, Barton brings a unique blend of business, design and technical acumen to the role. He is dedicated to growing DMS offerings as a differentiated marketing platform. He and his team will continue to transform the DMS business to ensure loyalty from existing customers who value the platform while attracting new customers to engage with available digital solutions. This includes building a complementary business model with simplified, do-it-yourself SaaS offerings for new customer segments.

Barton’s expertise makes him best equipped to drive the next phase of innovation. He has served as Gannett’s chief product officer since 2017, leading product development for Gannett’s consumer and marketing products. Previously, he led a global team as chief product officer of ReachLocal overseeing products and technology, receiving dozens of industry awards including innovation accolades from Google and Microsoft. Barton served as COO of Nero, a multimedia software company, and was instrumental in developing a strategy that allowed the company to become the largest developer of mobile software for android devices. He has held various leadership positions at Microsoft Corporation, leading MSN.com’s global teams in more than 50 countries, as well as for Microsoft Office, where he also led incubation teams that converted traditional Microsoft software applications into pioneering Web 2.0 SaaS solutions. Barton is a graduate of Brigham Young University.

“It is a great privilege to serve as President of the Digital Marketing Solutions business and to work with the best in class experts who are contributing to the future of Gannett, but more importantly, to deliver digital solutions to thousands of local businesses across the country,” said Kris Barton, president of Digital Marketing Solutions. “Local businesses are central to the character and economies of our communities around the world, now more than ever. As consumers continue to demand more, we will ensure that we continue to deliver touchpoints and solutions that help propel their businesses and fuel their growth through our innovation, data and technology.”

ABOUT BASAN

Gannett Co., Inc. (NYSE: GCI) is a subscription-based, digital-focused media and marketing solutions company committed to empowering communities to thrive. With unparalleled national and local reach, Gannett touches the lives of millions with our Pulitzer Prize-winning content, consumer experiences and benefits, and advertiser products and services. Our current portfolio of media assets includes USA TODAY, local media organizations in 45 US states, and Newsquest, a wholly owned subsidiary operating in the UK with over 150 local news media brands. Gannett also owns digital marketing services companies under the LOCALiQ brand and runs one of the largest media-owned events companies in the United States, USA TODAY NETWORK Ventures. To contact us, visit www.gannett.com.

Caution Regarding Forward-Looking Statements

Certain elements of this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our environmental, social or governance targets, objectives, commitments and programs, as well as other plans, initiatives and business goals. Words such as “expect”, “plan(s)”, “believe(s)”, “will”, “target”, “goal”, “focus”, “achieve”, “strive (s)”, “undertake(s)”, “intend”, “look forward” and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future results. These statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, many of which are our control. Actual results could differ materially due to a variety of factors, including the success of the reorganized business, its direction, strategies and initiatives, scientific or technological developments or changes, changes in our environmental, social and governance strategies , changes in government regulations, inaccuracy or unworkable assumptions we make and other changes in circumstances. For a discussion of some of the important risks and factors that could cause actual results to differ from these forward-looking statements, see the risks and other factors detailed from time to time in the Company’s most recent Annual Report on Form 10-K. , our Quarterly Reports on Form 10-Q and our other filings with the Securities and Exchange Commission. The Company cannot guarantee that its expectations will be met or that its strategies will be successful. Accordingly, you should not place undue reliance on the forward-looking statements contained in this release. In addition, new risks and uncertainties emerge from time to time, and it is not possible for the Company to predict or assess the impact of each factor that could cause its actual results to differ from those contained in the forward-looking statements. . These forward-looking statements speak only as of the date of this release or as otherwise indicated. Except to the extent required by law, the Company expressly disclaims any obligation to publicly release any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in the events, conditions or circumstances on which any statement is based.

Aubrey L. Morgan