Stock Monitor: Lee Enterprises Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 14, 2018 / If you want access to our free research report on Gannett Co., Inc. (NYSE: GCI), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=GCI as the Company's latest news hit the wire. On May 10, 2018, the Company announced that it has inked a deal to acquire WordStream, Inc., a provider of cloud-based software-as-a-service (SaaS) solutions, for approximately $130 million in cash plus up to $20 million payable in 2019 and 2020 based on achieving certain revenue targets. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Lee Enterprises, Incorporated (NYSE: LEE), which also belongs to the Services sector as the Company Gannett. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Gannett most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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The transaction builds upon Gannett's existing data-driven digital marketing services, ReachLocal and SweetIQ. Through WordStream, ReachLocal, and SweetIQ, the Company will be able to provide the full spectrum of digital marketing services from DIY to managed service to any local or regional business or agency.

Deal Details

  • WordStream expects the deal to contribute approximately $55 million in digital marketing services revenue and approximately $16 million of adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) in the first year.
  • Gannett anticipates the transaction will be accretive in the first full year of operations. The Company will fund the transaction from with its revolving credit.
  • The acquisition is likely to close in Q2 2018 after the expiration or earlier termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the satisfaction of other customary closing conditions.
  • Post-acquisition, WordStream will continue to be headquartered in Boston, Massachusetts.

WordStream's Technology, Extensive Data and Analytics Capabilities will Bring Tremendous Value to Gannett's Digital Marketing Services Business

Commenting on the agreement, Robert Dickey, President and Chief Executive Officer of Gannett, stated that this acquisition marks another critical milestone in Gannett's digital transformation, enhancing its ability to support businesses and agencies in local markets with the intelligent, data-driven marketing solutions they need to drive growth.

Robert added that WordStream's technology, extensive data and analytics capabilities together with an experienced executive team will bring tremendous value to Gannett's expanding digital marketing services business.

Addition of WordStream's Best-in-Class DIY SaaS Solutions Significantly Enhances Gannett's Capabilities

Sharon Rowlands, President of USA TODAY NETWORK Marketing Solutions and Chief Executive Officer of ReachLocal, mentioned that the market for digital marketing services in the US is over $90 billion and consists of both large and small clients. According to Sharon, the addition of WordStream's best-in-class DIY SaaS solutions significantly enhances the Company's capabilities and expands its addressable market.

Sharon added that WordStream enables Gannett to provide a full range of digital marketing solutions to its large local client base and grow our digital share of wallet.

About WordStream, Inc.

Established in 2007, WordStream provides software and services that help marketers get the maximum results from their online marketing efforts. WordStream's easy-to-use software allows for more effective paid search and social campaigns with the 20-Minute Work Week, a customized workflow that guides marketers through steps that can greatly improve their AdWords, Bing, and Facebook campaigns, plus tools for call tracking, keyword optimization, and more.

About Gannett Co., Inc.

Founded in 2014 and headquartered in McLean, Virginia, Gannett Co. is an innovative, digitally focused media and marketing solutions company committed to strengthening communities across its network. Gannett brands include USA TODAY NETWORK with the iconic USA TODAY and more than 100 local media brands, digital marketing services companies ReachLocal and SweetIQ, and UK media company Newsquest.

Stock Performance Snapshot

May 11, 2018 - At Friday's closing bell, Gannett's stock slightly declined 0.09%, ending the trading session at $11.57.

Volume traded for the day: 1.06 million shares.

Stock performance in the last month - up 24.68%; previous three-month period - up 3.77%; past six-month period - up 18.06%; and last twelve-month period - up 44.26%

After last Friday's close, Gannett's market cap was at $1.30 billion.

Price to Earnings (P/E) ratio was at 25.54.

The stock has a dividend yield of 5.53%.

The stock is part of the Services sector, categorized under the Publishing - Newspapers industry. This sector was up 0.1% at the end of the session.

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