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DOTDASH MEREDITH RESTRUCTURING CHARGES TRANSACTION-RELATED EXPENSES (Tables)

6 Months Ended

Jun. 30, 2023

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Remaining Costs

A summary of the costs incurred, payments and related accruals is presented below. The Company anticipates the estimated remaining costs associated with the 2022 restructuring events will be paid by December 31, 2023 from existing cash on hand.

									Six Months Ended June 30, 2023
			Accrued December 31, 2022						Charges Incurred						Reversal of Initial Cost						Payments												Accrued June 30, 2023						Cumulative Charges Incurred						Estimated Remaining Costs
			(In thousands)
Digital			$	10,950					$	1,291					$	(954)					$	(8,081)											$	3,206					$	39,562					$	—
Print			12,055						983						(1,492)						(7,226)												4,320						32,923						58
Other (a)			4,389						620						(264)						(3,077)												1,668						7,937						58
Total			$	27,394					$	2,894					$	(2,710)					$	(18,384)											$	9,194					$	80,422					$	116

_____________________

(a)     Other comprises unallocated corporate expenses, which are corporate overhead expenses not attributable to the Digital or Print segments.

									Six Months Ended June 30, 2022
									Charges Incurred												Payments						Non-cash (b)						Accrued June 30, 2022
									(In thousands)
Digital									$	7,181											$	(2,972)					$	—					$	4,209
Print									24,360												(10,457)						(425)						13,478
Other (a)									4,548												(780)						—						3,768
Total									$	36,089											$	(14,209)					$	(425)					$	21,455

_____________________

(b)    Includes $0.4 million related to the write-off of inventory.

Schedule of Restructuring Cost Allocation

The costs are allocated as follows in the statement of operations:

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
			(In thousands)
Cost of revenue			$	142					$	4,419					$	699					$	16,601
Selling and marketing expense			321						4,016						(541)						9,615
General and administrative expense			(180)						4,545						63						8,858
Product development expense			(58)						672						(37)						1,015
Total			$	225					$	13,652					$	184					$	36,089

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Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

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Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

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