Michael Reed - Gannett CEO and Director
CEO
Mr. Michael E. Reed serves as Chairman of the Board, Chief Executive Officer of the Company. He Previously he had been our Predecessors Chief Executive Officer since January of 2006 and served in this position when our Predecessor filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code on September 27, 2013. He was a member of the board of directors of our Predecessor since October 2006. He was formerly the President and Chief Executive Officer of Community Newspaper Holdings, Inc., a leading publisher of local news and information and had served in that capacity since 1999. Mr. Reed served as CNHIs Chief Financial Officer from 1997 to 1999. Prior to that, he worked for Park Communications, Inc., a multimedia company, located in Ithaca, New York. Mr. Reed formerly served on the Board of Directors for the Newspaper Association of America. He formerly served on the Board of Directors for the Minneapolis Star Tribune, from 2009 to 2014. Mr. Reed formerly served as a director of the Associated Press and Chairman of the Audit Committee for the Associated Press. Mr. Reed was also a member of the Board of Visitors of the University of Alabamas College of Communication and Information Sciences and was a member of the Grady College Journalism Schools Board of Advisors. Mr. Reed has a deep understanding of our operations, strategy and people, as well as our industry, serving as our Predecessors Chief Executive Officer for over seven years. He has also served in senior executive capacities with other companies in the newspaper and publishing industries. Mr. Reed also has extensive corporate board experience. since 2019.
| Age | 50 |
| Tenure | 5 years |
| Phone | 703 854-6000 |
| Web | www.gannett.com |
Michael Reed Latest Insider Activity
Tracking and analyzing the buying and selling activities of Michael Reed against Gannett stock is an integral part of due diligence when investing in Gannett. Michael Reed insider activity provides valuable insight into whether Gannett is net buyers or sellers over its current business cycle. Note, Gannett insiders must abide by specific rules, including filing SEC forms every time they buy or sell Gannett'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.
Michael Reed over a month ago Disposition of 194556 shares by Michael Reed of Gannett at 2.22 subject to Rule 16b-3 |
Gannett Management Efficiency
The company has return on total asset (ROA) of (0.0405) % which means that it has lost $0.0405 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (16.6545) %, meaning that it created substantial loss on money invested by shareholders. Gannett's management efficiency ratios could be used to measure how well Gannett manages its routine affairs as well as how well it operates its assets and liabilities.The company currently holds 554.96 M in liabilities with Debt to Equity (D/E) ratio of 88.6, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Gannett has a current ratio of 0.9, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Gannett until it has trouble settling it off, either with new capital or with free cash flow. So, Gannett's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Gannett sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Gannett to invest in growth at high rates of return. When we think about Gannett's use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Equity | -16.65 | |||
| Return On Asset | -0.0405 |
Gannett Leadership Team
Elected by the shareholders, the Gannett's board of directors comprises two types of representatives: Gannett inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gannett. The board's role is to monitor Gannett's management team and ensure that shareholders' interests are well served. Gannett's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Gannett's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Wesley Edens, Chairman of the Board | ||
| Gregory Freiberg, CFO and Chief Accounting Officer | ||
| Theodore Janulis, Independent Director | ||
| Michael Reed, CEO and Director | ||
| Kirk Davis, COO and CEO of Gatehouse Media | ||
| Laurence Tarica, Independent Director | ||
| Kevin Sheehan, Independent Director |
Gannett Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Gannett a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -16.65 | |||
| Return On Asset | -0.0405 | |||
| Profit Margin | (5.93) % | |||
| Operating Margin | 4.27 % | |||
| Current Valuation | 897.32 M | |||
| Shares Outstanding | 60.48 M | |||
| Shares Owned By Insiders | 2.28 % | |||
| Shares Owned By Institutions | 97.72 % | |||
| Number Of Shares Shorted | 21.72 M | |||
| Price To Earning | 660.00 X |
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Other Consideration for investing in Gannett Stock
If you are still planning to invest in Gannett check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Gannett's history and understand the potential risks before investing.
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