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Integration and reorganization costs, and asset impairments (Tables)

6 Months Ended

Jun. 30, 2024

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs

The Company recorded severance-related expenses by segment as follows:

			Three months ended June 30,												Six months ended June 30,
In thousands			2024						2023						2024						2023
Domestic Gannett Media			$	4,116					$	1,332					$	8,193					$	6,844
Newsquest			243						376						412						976
Digital Marketing Solutions			84						(48)						109						(28)
Corporate and other			(14)						891						969						5,012
Total			$	4,429					$	2,551					$	9,683					$	12,804

A roll-forward of the accrued severance and related expenses included in Accounts payable and accrued liabilities on the condensed consolidated balance sheets for the six months ended June 30, 2024 is as follows:

In thousands			Severance and related expenses
Beginning balance			$	6,928
Restructuring provision included in integration and reorganization costs			9,683
Cash payments			(8,041)
Ending balance			$	8,570

Schedule of Facility Consolidation and Other Restructuring Expenses

The Company recorded Other reorganization-related costs as follows:

			Three months ended June 30,												Six months ended June 30,
In thousands			2024						2023						2024						2023
Domestic Gannett Media(a)			$	10,577					$	602					$	21,389					$	(861)
Digital Marketing Solutions			803						—						803						—
Corporate and other			3,966						4,134						5,781						7,471
Total			$	15,346					$	4,736					$	27,973					$	6,610

(a)     For the three and six months ended June 30, 2024, Other reorganization-related costs at the Domestic Gannett Media segment primarily reflected a $9.9 million withdrawal liability which was expensed as a result of ceasing contributions to a multiemployer pension plan. In addition, for the six months ended June 30, 2024, Other reorganization-related costs at the Domestic Gannett Media segment also reflected $9.7 million expensed as of the cease-use date related to certain licensed content. For the six months ended June 30, 2023, Other reorganization-related costs at the Domestic Gannett Media segment primarily reflected the reversal of a withdrawal liability related to a multiemployer pension plan of $2.0 million based on the settlement of the withdrawal liability.

X

- Definition

Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss).

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-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-3

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- Definition

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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.P.3)
-Publisher FASB
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