Miller Value reduced its holdings of USA TODAY Co., Inc. shares by 43% during the first quarter of 2026, disclosing 1.9 million shares worth $13.9 million at quarter-end, down from 3.4 million shares worth $17.5 million in the prior quarter. USA TODAY, an American media, publishing, and marketing firm, saw its shares rise 116% over the past year and 63% year-to-date. In April, the company reported fiscal first-quarter revenue of $548 million and net income of $19.9 million, representing a 4% annual revenue decline but a $27.2 million increase in net income, while reiterating full-year 2026 guidance for flat total revenues and net income growth.
USA TODAY Co., Inc.Miller Value reduced its stake by 43%, but the article does not explain why; the company's fundamentals show mixed results (revenue decline but net income increase).