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Segment reporting
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment reporting
NOTE 12 — Segment reporting

We define our reportable segments based on the way the Chief Operating Decision Maker ("CODM"), which is our Chief Executive Officer, manages the operations for purposes of allocating resources and assessing performance. Our reportable segments include the following:

•Domestic Gannett Media is comprised of our portfolio of domestic local, regional, and national newspaper publishers. The results of this segment include Digital revenues mainly derived from digital advertising offerings such as classified advertisements and display advertisements run on our platforms as well as third-party sites, digital marketing services delivered by our DMS segment, digital distribution of our publications and digital content syndication and affiliate and partnership revenues and Print and commercial revenues mainly derived from the sale of local, national, and classified print advertising products, the sale of both home delivery and single copies of our publications, as well as commercial printing and distribution arrangements, and revenues from our events business.

•Newsquest is comprised of our portfolio of international newspaper publishers. The results of this segment include Digital revenues mainly derived from digital advertising offerings such as classified advertisements and display advertisements run on our platforms as well as third-party sites, digital marketing services delivered by our DMS segment, digital distribution of our publications and digital syndication revenues and Print and commercial revenues mainly derived from the sale of local, classified, and national advertising as well as niche publications, the sale of both home delivery and single copies of our publications, as well as commercial printing.

•Digital Marketing Solutions is comprised of our digital marketing services companies under the brand LocaliQ. The results of this segment include Digital revenues derived from digital marketing services generated through multiple services, including search advertising, display advertising, search optimization, social media, website development, web presence products, customer relationship management, and software-as-a-service solutions.

In addition to the reportable segments above, we have a Corporate and other category that includes activities not directly attributable to a specific reportable segment. This category primarily consists of broad corporate functions, including legal, human resources, accounting, analytics, finance, marketing and technology, as well as other general business costs.

In the ordinary course of business, our reportable segments enter into transactions with one another. While intersegment transactions are treated like third-party transactions to determine segment performance, the revenues and expenses recognized by the segment that is the counterparty to the transaction are eliminated in consolidation and do not affect consolidated results.

The CODM uses Adjusted EBITDA to evaluate the performance of the segments and allocate resources. Adjusted EBITDA is a non-GAAP financial performance measure we believe offers a useful view of the overall operation of our businesses and may be different than similarly-titled measures used by other companies. We define Adjusted EBITDA as Net income (loss) attributable to Gannett before (1) Income tax expense (benefit), (2) Interest expense, (3) Gains or losses on the early extinguishment of debt, (4) Non-operating pension income, (5) Loss on convertible notes derivative, (6) Depreciation and amortization, (7) Integration and reorganization costs, (8) Third-party debt expenses and acquisition costs, (9) Asset impairments, (10) Goodwill and intangible impairments, (11) Gains or losses on the sale or disposal of assets, (12) Share-based compensation, (13) Other non-operating (income) expense, net, and (14) Non-recurring items.

Management considers Adjusted EBITDA to be an important metric to evaluate and compare the ongoing operating performance of our segments on a consistent basis across reporting periods as it eliminates the effect of items that we do not believe are indicative of each segment's core operating performance.
Three months ended June 30,Six months ended June 30,
In thousands2024202320242023
Revenues:
Domestic Gannett Media$491,909 $528,194 $987,628 $1,058,131 
Newsquest61,252 57,609 121,450 116,767 
Digital Marketing Solutions123,798 122,789240,843 235,606
Corporate and other1,258 1,6732,862 3,071
Intersegment Eliminations(38,377)(37,908)(77,182)(72,301)
Total revenues639,840 672,3571,275,601 1,341,274
Adjusted EBITDA:
Domestic Gannett Media52,929 53,37797,409 97,794
Newsquest14,138 12,44228,301 25,288
Digital Marketing Solutions11,773 15,47020,552 27,153
Corporate and other(4,278)(10,138)(14,111)(16,182)
Net loss attributable to noncontrolling interests31 1331 97
Interest expense26,270 28,55952,835 56,889
Loss (gain) on early extinguishment of debt87 — (530)(496)
Non-operating pension income(3,137)(2,263)(6,283)(4,078)
Depreciation and amortization38,258 39,78476,556 83,482
Integration and reorganization costs19,775 7,28737,656 19,414
Third-party debt expenses and acquisition costs(a)
248 229426 458
Asset impairments— 1,17745,989 1,182
Loss (gain) on sale or disposal of assets, net236 146788 (17,535)
Share-based compensation expense3,512 5,0476,338 8,783
Other non-operating (income) expense, net(2,609)(807)(792)414
Non-recurring items4,977 3,336 6,913 3,869 
Loss before income taxes(13,086)(11,357)(87,776)(18,426)
(Benefit) provision for income taxes(26,803)1,333(16,725)(15,996)
Net income (loss)13,717 (12,690)(71,051)(2,430)
Net loss attributable to noncontrolling interests(31)(13)(31)(97)
Net income (loss) attributable to Gannett$13,748 $(12,677)$(71,020)$(2,333)
(a)Third-party debt expenses and acquisition costs are included in Other operating expenses on the condensed consolidated statements of operations and comprehensive income (loss).

Asset information by segment is not a key measure of performance used by the CODM function. Accordingly, we have not disclosed asset information by segment. Additionally, equity income in unconsolidated investees, net, interest expense, other non-operating items, net, and provision for income taxes, as reported in the condensed consolidated financial statements, are not part of operating income and are primarily recorded at the corporate level.