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Revenues (Tables) | 6 Months Ended
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Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following tables present our revenues disaggregated by segment and revenue type:
| Three months ended June 30, 2024
In thousands | Domestic Gannett Media |  | Newsquest |  | Digital Marketing Solutions |  | Corporate and other |  | Intersegment eliminations |  | Consolidated
Digital advertising | $ | 70,922 |  |  | $ | 13,543 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 84,465 |
Digital marketing services | 35,967 |  |  | 1,925 |  |  | 123,798 |  |  | — |  |  | (38,377) |  |  | 123,313 |
Digital-only subscription | 44,622 |  |  | 1,660 |  |  | — |  |  | — |  |  | — |  |  | 46,282 |
Digital other | 20,444 |  |  | 2,616 |  |  | — |  |  | 1,258 |  |  | — |  |  | 24,318 |
Digital | 171,955 |  |  | 19,744 |  |  | 123,798 |  |  | 1,258 |  |  | (38,377) |  |  | 278,378 |
Print advertising | 119,000 |  |  | 19,904 |  |  | — |  |  | — |  |  | — |  |  | 138,904 |
Print circulation | 146,690 |  |  | 16,633 |  |  | — |  |  | — |  |  | — |  |  | 163,323 |
Commercial and other(a) | 54,264 |  |  | 4,971 |  |  | — |  |  | — |  |  | — |  |  | 59,235 |
Print and commercial | 319,954 |  |  | 41,508 |  |  | — |  |  | — |  |  | — |  |  | 361,462 |
Total revenues(b) | $ | 491,909 |  |  | $ | 61,252 |  |  | $ | 123,798 |  |  | $ | 1,258 |  |  | $ | (38,377) |  |  | $ | 639,840 |
(a) For the three months ended June 30, 2024, included in Commercial and other revenues was Commercial printing and delivery revenues of $37.3 million and $2.6 million at the Domestic Gannett Media and Newsquest segments, respectively. (b) Revenues generated from international operations comprised 11.1% of total revenues for the three months ended June 30, 2024.
| Three months ended June 30, 2023
In thousands | Domestic Gannett Media |  | Newsquest |  | Digital Marketing Solutions |  | Corporate and other |  | Intersegment eliminations |  | Consolidated
Digital advertising | $ | 69,175 |  |  | $ | 12,321 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 81,496 |
Digital marketing services | 35,357 |  |  | 2,301 |  |  | 122,789 |  |  | — |  |  | (37,908) |  |  | 122,539 |
Digital-only subscription | 36,601 |  |  | 1,255 |  |  | — |  |  | — |  |  | — |  |  | 37,856 |
Digital other | 15,898 |  |  | 2,641 |  |  | — |  |  | 1,673 |  |  | — |  |  | 20,212 |
Digital | 157,031 |  |  | 18,518 |  |  | 122,789 |  |  | 1,673 |  |  | (37,908) |  |  | 262,103 |
Print advertising | 131,311 |  |  | 17,964 |  |  | — |  |  | — |  |  | — |  |  | 149,275 |
Print circulation | 178,264 |  |  | 17,492 |  |  | — |  |  | — |  |  | — |  |  | 195,756 |
Commercial and other(a) | 61,588 |  |  | 3,635 |  |  | — |  |  | — |  |  | — |  |  | 65,223 |
Print and commercial | 371,163 |  |  | 39,091 |  |  | — |  |  | — |  |  | — |  |  | 410,254 |
Total revenues(b) | $ | 528,194 |  |  | $ | 57,609 |  |  | $ | 122,789 |  |  | $ | 1,673 |  |  | $ | (37,908) |  |  | $ | 672,357 |
(a) For the three months ended June 30, 2023, included in Commercial and other revenues was Commercial printing and delivery revenues of $45.0 million and $1.9 million at the Domestic Gannett Media and Newsquest segments, respectively. (b) Revenues generated from international operations comprised 10.0% of total revenues for the three months ended June 30, 2023.
| Six months ended June 30, 2024
In thousands | Domestic Gannett Media |  | Newsquest |  | Digital Marketing Solutions |  | Corporate and other |  | Intersegment eliminations |  | Consolidated
Digital advertising | $ | 141,863 |  |  | $ | 27,068 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 168,931 |
Digital marketing services | 72,053 |  |  | 4,013 |  |  | 240,843 |  |  | — |  |  | (77,182) |  |  | 239,727 |
Digital-only subscription | 86,533 |  |  | 3,228 |  |  | — |  |  | — |  |  | — |  |  | 89,761 |
Digital other | 39,241 |  |  | 5,355 |  |  | — |  |  | 2,862 |  |  | — |  |  | 47,458 |
Digital | 339,690 |  |  | 39,664 |  |  | 240,843 |  |  | 2,862 |  |  | (77,182) |  |  | 545,877 |
Print advertising | 234,619 |  |  | 38,961 |  |  | — |  |  | — |  |  | — |  |  | 273,580 |
Print circulation | 302,936 |  |  | 33,710 |  |  | — |  |  | — |  |  | — |  |  | 336,646 |
Commercial and other(a) | 110,383 |  |  | 9,115 |  |  | — |  |  | — |  |  | — |  |  | 119,498 |
Print and commercial | 647,938 |  |  | 81,786 |  |  | — |  |  | — |  |  | — |  |  | 729,724 |
Total revenues(b) | $ | 987,628 |  |  | $ | 121,450 |  |  | $ | 240,843 |  |  | $ | 2,862 |  |  | $ | (77,182) |  |  | $ | 1,275,601 |
(a) For the six months ended June 30, 2024, included in Commercial and other revenues was Commercial printing and delivery revenues of $77.8 million and $5.1 million at the Domestic Gannett Media and Newsquest segments, respectively. (b) Revenues generated from international operations comprised 11.1% of total revenues for the six months ended June 30, 2024.
| Six months ended June 30, 2023
In thousands | Domestic Gannett Media |  | Newsquest |  | Digital Marketing Solutions |  | Corporate and other |  | Intersegment eliminations |  | Consolidated
Digital advertising | $ | 136,849 |  |  | $ | 24,857 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 161,706 |
Digital marketing services | 67,422 |  |  | 4,495 |  |  | 235,606 |  |  | — |  |  | (72,301) |  |  | 235,222 |
Digital-only subscription | 71,279 |  |  | 2,408 |  |  | — |  |  | — |  |  | — |  |  | 73,687 |
Digital other | 30,789 |  |  | 5,106 |  |  | — |  |  | 3,071 |  |  | — |  |  | 38,966 |
Digital | 306,339 |  |  | 36,866 |  |  | 235,606 |  |  | 3,071 |  |  | (72,301) |  |  | 509,581 |
Print advertising | 259,488 |  |  | 37,741 |  |  | — |  |  | — |  |  | — |  |  | 297,229 |
Print circulation | 366,767 |  |  | 34,443 |  |  | — |  |  | — |  |  | — |  |  | 401,210 |
Commercial and other(a) | 125,537 |  |  | 7,717 |  |  | — |  |  | — |  |  | — |  |  | 133,254 |
Print and commercial | 751,792 |  |  | 79,901 |  |  | — |  |  | — |  |  | — |  |  | 831,693 |
Total revenues(b) | $ | 1,058,131 |  |  | $ | 116,767 |  |  | $ | 235,606 |  |  | $ | 3,071 |  |  | $ | (72,301) |  |  | $ | 1,341,274 |
(a) For the six months ended June 30, 2023, included in Commercial and other revenues was Commercial printing and delivery revenues of $94.1 million and $3.9 million at the Domestic Gannett Media and Newsquest segments, respectively. (b) Revenues generated from international operations comprised 10.1% of total revenues for the six months ended June 30, 2023.
Schedule of Deferred Revenue | The following table presents the change in the deferred revenues balance:
| Six months ended June 30, |  |
In thousands | 2024 |  | 2023 |  |  |  |  |  |
Beginning balance | $ | 120,502 |  |  | $ | 153,648 |  |  |  |  |  |  |
Receipts, net of refunds | 544,626 |  |  | 546,494 |  |  |  |  |  |  |
Revenue recognized | (552,869) |  |  | (562,664) |  |  |  |  |  |  |
Ending balance | $ | 112,259 |  |  | $ | 137,478 |  |  |  |  |  |  |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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