Gannett Co Inc Q4 2024 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Giuliano Bologna - Compass - Analyst : Well, good morning, congrats on the continued execution on the long term plans here. Well, one thing I was curious about asking you is, when you look at the 7% to 10% same sort of digital growth outlook for 25, I think you guys were at 5.8%, 24%, and DMS was, effectively flat. I'm curious when you look at the 7% to 10% range, how much of that is, flat to outside of DMS versus, DMS, coming back up. In positive territory and then you know how I think about the contribution from those two different parts and driving, a reacceleration and digital revenue real quick.

Question: Giuliano Bologna - Compass - Analyst : That's very helpful. And then going back to the asset sale on that get paid on topic, there are a couple of asset sales that are going to be pushed from 4Q into 1Q. And then there's also the announcement of the sale to first, I'm curious when we think about the aggregate of those, hopefully assuming they'll, those things close in one queue, is there a rough sense of like how much that could be in total? And I would assume you could use, all the proceeds to pay on debt.

Question: Giuliano Bologna - Compass - Analyst : Yeah, that's very helpful. Then, you obviously put out some, commentary on asset sales. I'm curious when we think about. The asset sales so far, is there any, is there a rough sense of what the revenue impact is, for kind of digital versus non-digital for the for the existing sale and then, how impactful that that trend could be for other asset sales throughout the year.

Question: Giuliano Bologna - Compass - Analyst : That makes sense. That does. That's very helpful and think about the debt pay downs, what's kind of applied is an acceleration debt paydowns, without sales in the first half of the year. Yeah, I'm curious, is there a point at which it would make sense to consider. Working on a different capital structure set up, whether it's, hopefully, a better cost on the term loan or, moving into, a hybrid of a term, different term loan and some notes and or trying to work on, reducing the dilution going forward. I'm curious how you're thinking about that and like if there are any events that, would help from a deleveraging perspective on the front end.

Question: Giuliano Bologna - Compass - Analyst : That is very helpful. And then, one last one on the inevitable topic to ask about, but I'm curious when you think about the, well I guess you obviously have your case against Google and then there's the, this is the OJ case and there's also other attorney general's cases. I'm curious if there's any update or any perspective, from your side around, the special timing of the ruling in that case, or and you know how how you think that impacts your case. LSEG STREETEVENTS | www.lseg.com | Contact Us consent of LSEG. 'LSEG' and the LSEG logo are registered trademarks of LSEG and its affiliated companies. FEBRUARY 20, 2025 / 1:30PM, TDAY.N - Q4 2024 Gannett Co Inc Earnings Call

Question: Giuliano Bologna - Compass - Analyst : That's very helpful. I really appreciate the time and the questions, and I will jump back in the queue.

Question: Matthew Condon - Citizens - Analyst : Thank you for taking my questions. My first one is just back on the asset sales. Like, it sounds like you aren't looking proactively to solve any more trophy assets unless something comes in with the right multiple, but maybe can you just remind us where are we, as far as what assets are left from the non-strategic portfolio that you think that you can sell off here, not only in '25 but in '26 and beyond.

Question: Matthew Condon - Citizens - Analyst : Great, that's super helpful. And then my second one is just on, can you contextualize the opportunity with Reuters and the bundled content offering? Is there anything you can provide the size of budgets from local publishers and broadcasters, that are available to license your content?

Question: Matthew Condon - Citizens - Analyst : Great. And then just a final one for me. Can you just talk about the key levers that you guys have at your disposal for 2025 for for growing digital subscriber growth, yeah, what are the key levers there and how do you think about pushing that going forward?

Question: Matthew Condon - Citizens - Analyst : Great, thank you so much. We have reached the end of the question-and-answer session, and I will now turn over to Mike for closing remarks.