Gannett Co. Inc. (GCI) Social Stream
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$GCI Was doing a bit more research and found a newer quote about Gannett from Miller Value. I've never seen this quote before today:McDillers, published August 11, 2021
"We would also like to highlight the recent acquisition offers for Tribune Publishing (TPCO), confirming the private market value for Gannett’s extensive asset base is likely meaningfully higher than $10/share. In addition, The New York Times (NYT) provides a potential roadmap for Gannett shareholders.... One of Gannett’s main growth initiatives is to generate 10M digital subscribers over the next couple of years....We believe success on Gannett’s transformation program and debt elimination goal over the next couple of years should unlock equity value and potentially lead to a share price increase of more than five times current market price levels"
https://millervalue.com/deep-value-strategy-1q21-letter/
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