NEW YORK, Sept. 15, 2025 (GLOBE NEWSWIRE) -- Gannett Co., Inc. (NYSE: GCI) today announced DeeperDive, an industry-first Gen AI answer engine created by Taboola (NASDAQ: TBLA) is now fully implemented on USA TODAY for an audience of over 195 million monthly unique visitors. After completing a successful beta, DeeperDive delivers the power of GenAI conversations directly on USA TODAY’s platform for all users, tapping into years of proprietary, real-time, high-quality content created by journalists and editor ...

Question-and-Answer SessionJason BazinetCitigroup Inc. Exchange Research I guess I'm going to -- I'm relatively new to your story. I don't know exactly how many years we've covered it. But when I went through sort of, at least backward-looking, sort of your strategy, and I was talking with Anthony about this, he said, "Oh, yes." He says you've got a pretty good handle in terms of what we're doing. He says, "You really need to meet Will because he was really the architect of this before he became our CFO." S ...

Core Insights - The New York Times Company reported significant growth in digital ad sales and subscriptions, leading to a notable increase in revenue and net income for the latest quarter [1][3] - The stock price of NYT rose over 11% week to date, reflecting positive market sentiment following the earnings report [2] Financial Performance - NYT's second-quarter revenue grew nearly 10% year over year, reaching approximately $686 million [3] - GAAP net income increased by 27% to just under $83 million, while non-GAAP adjusted earnings per share rose from $0.45 to $0.58 [3][5] - Analysts had expected revenue of over $670 million and adjusted net income of $0.52 per share, indicating that the company exceeded these expectations [5] Future Outlook - Management anticipates a 13% to 16% year-over-year increase in digital subscriptions for the third quarter, with digital ad revenue expected to rise at low-double-digit rates [5] - Following the positive earnings report and guidance, several analysts raised their price targets for NYT shares, with new assessments of $56 and $62 per share from Guggenheim and Huber Research respectively [6]

Financial Data and Key Metrics Changes - The third quarter total operating revenue was $141 million, showing a year-over-year trend consistent with the second quarter results [14] - Digital revenue reached $305 million on a trailing twelve-month basis, with a goal of achieving $450 million by 2028 [10][19] - Cash costs decreased by 7% compared to the same quarter last year, with expectations of finishing the fiscal year with cash costs between $522 million and $532 million, representing a 3% to 5% decline over the prior year [16] Business Line Data and Key Metrics Changes - Digital subscription revenue grew 16% year-over-year on a same-store basis, driven by a 28% increase in ARPU [8][15] - Amplify Digital agency revenue grew 10% on a same-store basis over the prior year, indicating a return to double-digit growth [11][15] - Total digital revenue in the third quarter was $78 million, representing a 4% increase on a same-store basis [15] Market Data and Key Metrics Changes - Local advertising revenue trends improved significantly, with a year-over-year trend favorable by seven points [7] - Digital revenue now constitutes 55% of overall revenue, highlighting the strength of the digital business [11] Company Strategy and Development Direction - The company is focused on a three-pillar digital growth strategy aimed at achieving $450 million in digital revenue by 2028 [9][10] - The launch of AI-powered products is expected to drive lead capture, customer engagement, and business automation, enhancing the product catalog [8][14] - The company aims to replace print revenue with growing and profitable digital revenue to achieve long-term sustainability [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in reaching long-term unit targets despite recent challenges, including the cyber event [9] - The company anticipates continued growth in digital subscriptions and new AI revenue streams to drive momentum [21] - Management emphasized the importance of enhancing operational rigor without compromising quality to strengthen long-term positioning [16] Other Important Information - The company executed approximately $40 million in annualized cost reductions aimed at lowering costs across non-core print operations [16] - The credit agreement with Berkshire Hathaway includes favorable terms, allowing the company to focus on executing its strategy [17] Q&A Session Summary Question: How is Lee addressing the shift in how readers consume news? - Management highlighted the competitive advantage of their asset portfolio and the focus on enhancing digital user experience and expanding local content to address changes in consumer behavior [24][25]

Core Viewpoint - The establishment of the "Media+ Southern Rural Operation Empowerment Center" marks a significant step in enhancing rural development in Guangdong, focusing on resource integration and sustainable growth [2][11][30]. Group 1: Center Establishment and Objectives - The "Media+ Southern Rural Operation Empowerment Center" was inaugurated in Guangzhou on August 1, becoming the first provincial-level comprehensive service platform for rural operations in China [2][3]. - The center aims to provide a "one-stop" solution for rural operations through six core functions: resource connection, industry services, brand incubation, communication and traffic generation, talent cultivation, and digital empowerment [4][26]. - The initiative is aligned with Guangdong's goal of becoming an agricultural powerhouse and supports the "Hundred-Thousand-Ten Thousand Project" for high-quality development in agriculture, culture, and tourism [5][6][8]. Group 2: Key Features and Support Platforms - The center will focus on four major support platforms: the Guangdong Rural Operation Alliance, the Guangdong Rural Resource Platform, the Rural Operation Talent Growth Camp, and the Qingyun Plan Innovation Center [21][22][23]. - These platforms aim to link government, enterprises, and social forces, integrate quality resources, cultivate professional rural operators, and support youth entrepreneurship [21][22][23]. - The center's comprehensive approach is designed to address challenges in rural operations, such as resource dispersion, talent shortages, and weak branding [12][14][26]. Group 3: Strategic Importance and Future Goals - The establishment of the center is part of a broader transformation within the Southern Media Group, aiming to shift the media's role from merely documenting rural issues to actively participating in rural development [16][18]. - The center will leverage the media group's influence and resources to foster market-competitive rural IPs and products, ultimately transforming local resources into market value [30][31]. - The initiative is expected to create a model for comprehensive rural revitalization and serve as a new engine for high-quality county-level development [9][11].

Group 1 - The ASEAN Liaison Center was inaugurated in Kuala Lumpur, Malaysia, on August 1, aiming to establish a cooperative bridge for international communication, economic trade, cultural exchange, and think tank collaboration between Hainan and ASEAN [2][3] - The "Land-Sea New Corridor ASEAN Economic Station" was also unveiled, which will provide practical services for ASEAN enterprises to connect with Hainan's free trade port policies and expand cooperation [2] - The fifth season of "Here is Hainan: Seeking Secrets" was globally launched, showcasing Hainan's rainforest ecology and cultural charm to international audiences [2] Group 2 - A joint initiative called the "International Land-Sea Trade New Corridor Regional Cultural Cooperation (Kuala Lumpur) Initiative" was launched by ten organizations from China and Malaysia, aiming to build cultural ties and stimulate economic collaboration [3][4] - Agreements were signed for co-production of the film "Wind from the Sea" and strategic cooperation with Malaysian media outlets to enhance content creation and international communication networks [3] - A talent training agreement was established to create a "Hainan Free Trade Port Talent Practice Base," focusing on cultivating international media talents to meet the needs of cooperation between the free trade port and ASEAN [4]

Core Insights - DallasNews Corporation reported a net loss of $33.5 million, or $(6.26) per share, for Q2 2025, compared to a net income of $1.5 million, or $0.27 per share, in Q2 2024 [2][4] - The company experienced a total revenue decline of $2.3 million, or 7.2%, year-over-year, with total revenue at $29.8 million for Q2 2025 [4][6] - A merger agreement with Hearst Media West, LLC was announced, offering DallasNews shareholders $15.00 in cash per share, representing a 242% premium based on the stock price prior to the announcement [10][12] Financial Performance - The operating income for Q2 2025 was reported at $1.3 million, an increase from $0.6 million in Q2 2024 [2][3] - Adjusted operating income for Q2 2025 was $1.6 million, a 36.7% increase from $1.2 million in Q2 2024, primarily due to expense savings [3][8] - Total consolidated operating expenses decreased by $3.0 million, or 9.5%, to $28.5 million in Q2 2025 [7][8] Revenue Breakdown - Advertising and marketing services revenue was $12.3 million, down $0.5 million, or 3.8%, from $12.8 million in Q2 2024 [5][21] - Circulation revenue decreased by $0.9 million, or 5.7%, to $15.3 million, primarily due to a decline in print circulation [6][25] - Printing, distribution, and other revenue fell by $0.9 million, or 28.9%, to $2.2 million, attributed to the cancellation of a mailed advertisements partnership [6][21] Employee and Cash Position - As of June 30, 2025, the company had 451 employees, a decrease of 82, or 15.4%, from the previous year [9] - Cash and cash equivalents stood at $33.7 million, with no debt reported [9][23] Merger Details - The merger with Hearst is subject to customary closing conditions, including a shareholder vote, and is expected to close in Q3 or early Q4 2025 [10][12] - If completed, DallasNews' Series A Common Stock will be delisted from Nasdaq [12]