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Last updated: 7 August 2024 at 4:33pm EST

Michael Reed Net Worth




The estimated Net Worth of Michael Reed is at least $14.8 Million dollars as of 31 December 2023. Mr. Reed owns over 152,000 units of Gannett Co stock worth over $14,793,062 and over the last 10 years he sold GCI stock worth over $0. In addition, he makes $0 as Chairman of the Board and Chief Executive Officer at Gannett Co.

Mr. Reed GCI stock SEC Form 4 insiders trading

Michael has made over 19 trades of the Gannett Co stock since 2014, according to the Form 4 filled with the SEC. Most recently he exercised 152,000 units of GCI stock worth $650,560 on 31 December 2023.

The largest trade he's ever made was exercising 1,000,000 units of Gannett Co stock on 31 December 2022 worth over $4,280,000. On average, Michael trades about 95,251 units every 113 days since 2014. As of 31 December 2023 he still owns at least 3,456,323 units of Gannett Co stock.

You can see the complete history of Mr. Reed stock trades at the bottom of the page.





Michael Reed biography

Michael E. Reed serves as Chairman of the Board, Chief Executive Officer of the Company. Mr. Reed has been Chairman of the Board since May 3, 2019, and he has served as our Chief Executive Officer and President, and a member of our Board, since November 26, 2013. Previously, he had been Chief Executive Officer of GateHouse Media, Inc. (our “Predecessor”) since January 2006 and served in this position when our Predecessor filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code on September 27, 2013. He was a member of the board of directors of our Predecessor since October 2006. He was formerly the President and Chief Executive Officer of Community Newspaper Holdings, Inc. (“CNHI”), a leading publisher of local news and information, and had served in that capacity since 1999. Mr. Reed served as CNHI’s Chief Financial Officer from 1997 to 1999. Prior to that, he worked for Park Communications, Inc., a multimedia company, located in Ithaca, New York. Mr. Reed formerly served on the Board of Directors for the Newspaper Association of America, including one year as Chairman. He formerly served on the Board of Directors for the Minneapolis Star Tribune, from 2009 to 2014. Mr. Reed also formerly served as a director of the Associated Press and Chairman of the Audit Committee for the Associated Press. Mr. Reed was also a member of the Board of Visitors of the University of Alabama’s College of Communication and Information Sciences and was a member of the Grady College Journalism School’s Board of Advisors. Mr. Reed has a deep understanding of our operations, strategy and people, as well as our industry, serving in senior executive capacities in the newspaper and publishing industries for more than 20 years. Mr. Reed also has extensive corporate board experience.



How old is Michael Reed?

Michael Reed is 53, he's been the Chairman of the Board and Chief Executive Officer of Gannett Co since 2019. There are 10 older and 6 younger executives at Gannett Co. The oldest executive at Gannett Co Inc. is Laurence Tarica, 70, who is the Independent Director.

What's Michael Reed's mailing address?

Michael's mailing address filed with the SEC is C/O GANNETT CO., INC., 175 SULLY'S TRAIL, SUITE 203, PITTSFORD, NY, 14534-4560.

Insiders trading at Gannett Co

Over the last 9 years, insiders at Gannett Co have traded over $960,615 worth of Gannett Co stock and bought 2,035,371 units worth $6,981,223 . The most active insiders traders include Michael Reed, Lawrence S Kramer, and Donald E Felsinger. On average, Gannett Co executives and independent directors trade stock every 57 days with the average trade being worth of $329,025. The most recent stock trade was executed by Michael Reed on 31 December 2023, trading 152,000 units of GCI stock currently worth $650,560.



What does Gannett Co do?

gannett is a leading media and marketing company with unparalleled local-to-national reach, successfully connecting consumers, communities and businesses. with the iconic usa today, 92 strong local media organizations in 33 states and guam, and with more than 160 local news brands online in the u.k., we provide rich content through hundreds of outstanding affiliated digital, mobile and print products. each month more than 95 million unique visitors access content from usa today and gannett’s local media organizations, putting the company squarely in the top 10 u.s. news and information category. u.s. newspapers add an additional audience of 9 million readers every weekday. utilizing innovations in technology, digital media and print publishing, our 360° storytelling is offered in markets all across the u.s. from local townships to the national stage, we keep readers informed with what interests them most. when their hometown celebrates, we all share in that joy. when the nation is



What does Gannett Co's logo look like?

Gannett Co Inc. logo

Complete history of Mr. Reed stock trades at Gannett Co

Date
#
Company
 Insider
Trans.
Transaction
 Shares Price per share Total value Shares after Source
31 Dec 2023 GCI Gannett Co Inc. Michael Reed
Chief Executive Officer
 Option 152,000 $2.30 $349,600
31 Dec 2023
3,456,323 ↗
6 Nov 2023 GCI Gannett Co Inc. Michael Reed
Chief Executive Officer
 Buy 60,000 $2.01 $120,600
6 Nov 2023
3,304,323 ↗
14 Aug 2023 GCI Gannett Co Inc. Michael Reed
Chief Executive Officer
 Buy 80,000 $3.29 $263,200
14 Aug 2023
3,244,323 ↗
31 Dec 2022 GCI Gannett Co Inc. Michael Reed
Chief Executive Officer
 Option 1,000,000 $2.03 $2,030,000
31 Dec 2022
2,836,335 ↗
8 Aug 2022 GCI Gannett Co Inc. Michael Reed
Chief Executive Officer
 Buy 500,000 $2.44 $1,220,000
8 Aug 2022
1,836,335 ↗
5 Mar 2020 GCI Gannett Co Inc. Michael Reed
Chief Executive Officer
 Buy 100,000 $3.82 $382,000
5 Mar 2020
1,012,361 ↗
21 Nov 2019 GCI Gannett Co Inc. Michael Reed
Chief Executive Officer
 Buy 285,000 $6.61 $1,883,850
21 Nov 2019
912,361 ↗


Gannett Co executives and stock owners

Gannett Co executives and other stock owners filed with the SEC include: