Gannett Co., Inc. operates as a media and marketing solutions company in the United States and internationally. Its Publishing segment publishes 83 U.S. daily newspapers with affiliated online sites, including USA TODAY, a national, general-interest daily newspaper; USATODAY.com; USA WEEKEND, a magazine supplement for newspapers; Clipper Magazine, a direct mail advertising magazine; bi-weekly Nursing Spectrum and NurseWeek periodicals; and military and defense newspapers. This segment also includes 17 paid-for daily newspapers; approximately 200 weekly newspapers, magazines, and trade publications; and approximately 600 non-daily publications, as well as involves in commercial printing, newswire, marketing, and data services operations. The company?s Digital segment owns and operates CareerBuilder, an employment Web site, which offers online recruitment and career advancement services for employers, employees, recruiters, and job seekers; ShopLocal, which provides multicha nnel shopping and advertising services; Planet Discover, which offers hosted search and advertising services; PointRoll, which provides digital marketing services and technology; and Schedule Star, which offers scheduling solution for high school athletic departments. Its Broadcasting segment operates 23 television stations and affiliated Web sites, which produce local programming, such as news, sports, and entertainment programming. This segment also includes Captivate Network, a national news and entertainment network that delivers programming and full-motion video advertising on video screens located in elevators of office towers and select hotel lobbies in North America. The company has strategic business relationships with online affiliates, including Classified Ventures, ShopLocal.com, Topix, and Metromix LLC, as well as strategic marketing agreement with Microsoft. Gannett ! Co., Inc. was founded in 1906 and is headquartered in McLean, Virginia.
Advisors' Opinion: - [By Dan Dzombak]
Lastly, Icahn added 12 million shares of media company Gannett (NYSE: GCI ) , raising his position to 6.6% of the business, though Gannett only makes up a little over 1% of his portfolio. Gannett owns newspapers, websites, and TV stations. Spinoffs are one of the common themes among Icahn's holdings: Gannett announced in August that it plans to split its broadcasting and publishing divisions at some point in 2015.
- [By Roberto Pedone]
Gannett (GCI) operates as a media and marketing solutions company in the U.S. and internationally. This stock closed up 5% at $29.08 in Monday's trading session.
Monday's Volume: 4.65 million
Three-Month Average Volume: 2.28 million
Volume % Change: 125%
From a technical perspective, GCI ripped sharply higher here above-average volume. This spike higher on Monday is quickly pushing shares of GCI within range of triggering a near-term breakout trade. That trade will hit if GCI manages to take out its 200-day moving average of $29.37 to some more resistance at $29.80 with high volume.
Traders should now look for long-biased trades in GCI as long as it's trending above Monday's intraday low of $27.85 or above $27 and then once it sustains a move or close above those breakout levels with volume that's near or above 2.28 million shares. If that breakout gets underway soon, then GCI will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day moving average of $31.47 to $32.90. Any high-volume move above those levels will then give GCI a chance to tag $34.
source from Top Stocks For 2015:http://www.topstocksblog.com/hot-media-companies-to-buy-for-2016.html
