Thursday, September 06, 2012

Gannett buys mobile coupon, loyalty appmaker

Corporate announced today that Gannett has bought four-year-old Mobestream Media, maker of the Key Ring consumer rewards mobile platform, available on major smartphones. The purchase price and other terms, such as whether the deal is for stock, cash or a mix of the two, were not disclosed.

GCI will run Key Ring as a stand-alone business, with co-founder and CEO Chris Fagan reporting to Vikram Sharma, chief executive of the growing Digital Marketing Services division.

Investors rallied around GCI shares today. The stock, which has been marching higher over the past week, recently traded for $16.02, up 3% on a day when overall markets were soaring higher. At current prices, GCI is trading near its 52-week high of $16.26.

Shares have risen dramatically from a year ago, when (as we now know) CEO Craig Dubow was heading out the door on a medical disability. GCI is up 61% vs. a smaller 23% gain in the broader S&P 500 index, according to Google Finance.


  1. Gannett stock over $16

  2. Happy days are here again!

    PS - the new captcha is unreadable. Took me four tries to get an easy one.

  3. Oooh, I smell executive bonuses!

  4. Shouldnt bonuses be based on profit and revenues?

  5. I smell another company being ruined by Gannett.

  6. The Big Business professor9/07/2012 8:20 AM

    I downloaded this app last week. It's a great idea, instead of having close to a dozen store club cards on your key ring. I'm going to sound a rare positive note and good catch, Gannett. Now don't mess it up.


Jim says: "Proceed with caution; this is a free-for-all comment zone. I try to correct or clarify incorrect information. But I can't catch everything. Please keep your posts focused on Gannett and media-related subjects. Note that I occasionally review comments in advance, to reject inappropriate ones. And I ignore hostile posters, and recommend you do, too."

Note: Only a member of this blog may post a comment.