SCHEDULE: Two Seas Capital Discloses 7.7% Stake in Gannett

Two Seas Capital LP, along with its affiliates, has disclosed a 7.7% beneficial ownership stake in Gannett Co., Inc.'s common stock.

Summary

• Two Seas Capital LP, Two Seas Capital GP LLC, and Sina Toussi (collectively, the "Reporting Persons") have filed a Schedule 13G.
• The filing discloses beneficial ownership of 11,230,621 shares of Gannett Co., Inc. Common Stock.
• This represents 7.7% of Gannett's outstanding Common Stock as of June 30, 2025.
• The shares are held by Two Seas Global (Master) Fund LP, for which Two Seas Capital LP serves as investment manager.
• The Reporting Persons have sole voting and sole dispositive power over these shares.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Gannett.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership, indicating a neutral sentiment. While a large stake can be seen positively, the filing itself contains no performance or forward-looking statements from the issuer.

Positives

• Increased institutional ownership by a significant investment firm, potentially signaling confidence in Gannett's long-term value.

Future Outlook

NA

Industry Context

This disclosure indicates a significant institutional investment in Gannett, a major player in the evolving media and publishing industry. Such a stake by an investment firm could suggest a belief in the company's potential for strategic transformation or value realization amidst industry challenges like declining print revenue and the shift to digital platforms.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake may increase investor confidence and potentially lead to greater scrutiny or advocacy regarding company strategy and performance.

Key Dates

Keywords

Gannett, Two Seas Capital, Beneficial Ownership, SEC Filing, Schedule 13G, Common Stock, Investment Firm, Media Company