Gannett Announces Fourth Quarter 2021 Results
Fourth Quarter 2021 Financial Highlights: • Total revenues of $826.5 million decreased 5.6% compared to the prior year quarter ◦ Same store revenues(1) decreased 4.3% compared to the fourth quarter of 2020 • Total digital revenues were $272.6 million or 33% of total revenues, up 5.0% over the same period in the prior year on a same store(1) basis • Net loss attributable to Gannett of $22.4 million and margin loss of 2.7% • Cash used for operating activities of $5.9 million and free cash flow(1) usage of $18.2 million