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Gannett Co., Inc. (NYSE:GCI) today issued a response to a story published by the Wall Street Journal (WSJ) on March 8 that implies Gannett intentionally shared inaccurate information to advertisers over a period of nine months.
Gannett sincerely regrets inadvertently passing along the incorrect data parameter. This human error was immediately rectified when the Company independently discovered the issue. The data parameter issue was caused due to a caching error when the Company implemented changes to how data is passed from the publisher to the ad exchanges.
It is important to note that the revenue associated with third-party programmatic advertising exchanges that potentially used the incorrect data parameter in question was less than $10 million in total over the impacted period. Also, none of Gannett’s direct sold digital advertising or direct sold programmatic advertising were affected.
No user level data was impacted and there was no impact to geo-specific ad placement or user data targeting and in all cases ads remained within the USA TODAY NETWORK of sites. Only select exchanges have adopted this specification, which greatly reduced the potential impact. Likewise, Gannett believes the number of advertisers impacted from this error was nominal in relation to Gannett’s overall programmatic advertising universe.
Gannett has fully evaluated the quality assurance program relating to product releases and is implementing procedures to ensure that an error such as this does not occur again in the future.
ABOUT GANNETT
Gannett Co., Inc. (NYSE:GCI) is a subscription-led and digitally-focused media and marketing solutions company committed to empowering communities to thrive. With an unmatched reach at the national and local level, Gannett touches the lives of millions with our Pulitzer Prize-winning content, consumer experiences and benefits, and advertiser products and services. Our current portfolio of media assets includes USA…
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