On Thursday, Shares of Gannett Co Inc (NYSE:GCI), gained 8.41% to $15.72.
Gannett Co., stated third quarter 2015 results of operations.
Recent highlights comprise:
Declared the merger of Gannett and Journal Media Group, Inc. (JMG), predictable to close in Q1 2016, is predictable to add about $450 million in annual revenues and about $60 million in adjusted EBITDA in the first full year. Additional $25 million of synergies targeted for year two.
- Achieved about 101 million unique domestic digital visitors. Total digital revenues for the third quarter were $159.9 million. Digital-only subscriptions grew 37%.
- Declared dividend of $0.16 per share.
- Continued integration of attained properties in Texas, New Mexico, Pennsylvania and the UK, which is progressing ahead of plan.
Robert J. Dickey, president and chief executive officer, said, “After our first 120 days as a public company, Gannett has made noteworthy progress toward several of the key initiatives that we outlined during our analyst day in June. Cost reduction initiatives are progressing as planned, the integration of our recently attained properties in Texas, New Mexico, Pennsylvania and the UK into our “One Gannett” operating model is ahead of plan, investments in our digital platform are resulting in continued growth in unique visitors and digital revenues, and the declared merger of Gannett and Journal Media Group will add noteworthy scale and synergy opportunity to drive revenue and earnings growth.”
Gannett Co., Inc., formerly Gannett Spinco, Inc., is a media and marketing solutions company. The Company is engaged in providing local content on a range of platforms in the United States. The Company operates through Broadcasting and Digital segments. It also provides digital marketing services and Internet-based human resource solutions.
Shares of PG&E Corporation (NYSE:PCG), declined -1.13% to $52.35, during its last trading session.
This Halloween, Pacific Gas and Electric Company (PG&E) reminds customers that always-on vampire appliances suck energy out of homes or businesses every minute of every day, costing Americans $19 billion a year. PG&E has numerous ways for customers to save energy and money on their monthly bills.
Plugged-in electronic devices consume electricity regardless of whether they are being used or are turned off. These vampire appliances are estimated to add about $165 to a household’s annual electric bill nationwide. Additionally, large commercial buildings waste an average of 30 percent of their energy annually.
PG&E Corporation is a holding company. The Company’s primary operating partner is Pacific Gas and Electric Company (the Utility). The Utility’s operations comprise electric utility operations and natural gas utility operations. It operates in northern and central California. The Utility generates electricity and provides electricity transmission and distribution services throughout its service territory in northern and central California to residential, commercial, industrial and agricultural customers.
Finally, Shares of Cloud Peak Energy Inc. (NYSE:CLD), ended its last trade with 5.33% gain, and closed at $3.16.
Cloud Peak Energy, declared that Cloud Peak Energy Logistics LLC entered into an amended throughput agreement with Westshore Terminals Limited Partnership (TMX:WTE) to eliminate both parties’ volume obligations for the period 2016 through 2018 in exchange for a series of payments.
Under the amended agreement, Cloud Peak Energy made an upfront payment to Westshore and will make quarterly payments from 2016 through 2018 in lieu of the previous take-or-pay commitments during this three-year period. If this amendment were in effect as of September 30, 2015, our outstanding undiscounted port take-or-pay commitments at that time would have been about $454 million through the remaining term of the agreement if we do not ship any export tons. Except as amended, the original throughput agreement remains in place through the end of 2024.
The parties will meet on a quarterly basis during the next several years to discuss market conditions and any potential shipments and the terms for any shipments. If export shipments do not occur, it is predictable that Spring Creek Mine production volumes will be reduced accordingly.
Cloud Peak Energy Inc. is a holding company that manages its 100% owned partner, Cloud Peak Energy Resources LLC (CPE Resources). The Company is a producer of coal in the United States of America and the Powder River basin (PRB). The Company operates in three segments: Owned and Operated Mines, Logistics and Related Activities, and Corporate and Other. The Owned and Operated Mines segment focuses on thermal coal production.