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v3.24.3

Revenues (Tables) | 9 Months Ended
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Sep. 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 September 30, 2024
In thousands | Domestic Gannett Media |  | Newsquest |  | Digital Marketing Solutions |  | Corporate and other |  | Intersegment eliminations |  | Consolidated
Digital advertising | $ | 71,224 |  |  | $ | 13,518 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 84,742 |
Digital marketing services | 34,712 |  |  | 1,915 |  |  | 119,929 |  |  | — |  |  | (36,980) |  |  | 119,576 |
Digital-only subscription | 48,111 |  |  | 1,944 |  |  | — |  |  | — |  |  | — |  |  | 50,055 |
Digital other | 18,784 |  |  | 2,798 |  |  | — |  |  | 1,431 |  |  | — |  |  | 23,013 |
Digital | 172,831 |  |  | 20,175 |  |  | 119,929 |  |  | 1,431 |  |  | (36,980) |  |  | 277,386 |
Print advertising | 105,885 |  |  | 18,044 |  |  | — |  |  | — |  |  | — |  |  | 123,929 |
Print circulation | 140,436 |  |  | 16,859 |  |  | — |  |  | — |  |  | — |  |  | 157,295 |
Commercial and other(a) | 49,359 |  |  | 4,470 |  |  | — |  |  | — |  |  | — |  |  | 53,829 |
Print and commercial | 295,680 |  |  | 39,373 |  |  | — |  |  | — |  |  | — |  |  | 335,053 |
Total revenues(b) | $ | 468,511 |  |  | $ | 59,548 |  |  | $ | 119,929 |  |  | $ | 1,431 |  |  | $ | (36,980) |  |  | $ | 612,439 |
(a) For the three months ended September 30, 2024, included Commercial printing and delivery revenues of $32.9 million and $2.6 million at the Domestic Gannett Media and Newsquest segments, respectively. (b) Revenues generated from international operations comprised 11.4% of total revenues for the three months ended September 30, 2024.
| Three months ended September 30, 2023
In thousands | Domestic Gannett Media |  | Newsquest |  | Digital Marketing Solutions |  | Corporate and other |  | Intersegment eliminations |  | Consolidated
Digital advertising | $ | 67,958 |  |  | $ | 12,800 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 80,758 |
Digital marketing services | 35,809 |  |  | 2,283 |  |  | 121,919 |  |  | — |  |  | (38,120) |  |  | 121,891 |
Digital-only subscription | 38,677 |  |  | 1,362 |  |  | — |  |  | — |  |  | — |  |  | 40,039 |
Digital other | 16,773 |  |  | 2,651 |  |  | — |  |  | 1,532 |  |  | — |  |  | 20,956 |
Digital | 159,217 |  |  | 19,096 |  |  | 121,919 |  |  | 1,532 |  |  | (38,120) |  |  | 263,644 |
Print advertising | 118,247 |  |  | 18,907 |  |  | — |  |  | — |  |  | — |  |  | 137,154 |
Print circulation | 169,784 |  |  | 17,281 |  |  | — |  |  | — |  |  | — |  |  | 187,065 |
Commercial and other(a) | 61,257 |  |  | 3,751 |  |  | — |  |  | — |  |  | — |  |  | 65,008 |
Print and commercial | 349,288 |  |  | 39,939 |  |  | — |  |  | — |  |  | — |  |  | 389,227 |
Total revenues(b) | $ | 508,505 |  |  | $ | 59,035 |  |  | $ | 121,919 |  |  | $ | 1,532 |  |  | $ | (38,120) |  |  | $ | 652,871 |
(a) For the three months ended September 30, 2023, included Commercial printing and delivery revenues of $42.6 million and $1.8 million at the Domestic Gannett Media and Newsquest segments, respectively. (b) Revenues generated from international operations comprised 10.6% of total revenues for the three months ended September 30, 2023.
| Nine months ended September 30, 2024
In thousands | Domestic Gannett Media |  | Newsquest |  | Digital Marketing Solutions |  | Corporate and other |  | Intersegment eliminations |  | Consolidated
Digital advertising | $ | 213,087 |  |  | $ | 40,586 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 253,673 |
Digital marketing services | 106,765 |  |  | 5,928 |  |  | 360,772 |  |  | — |  |  | (114,162) |  |  | 359,303 |
Digital-only subscription | 134,644 |  |  | 5,172 |  |  | — |  |  | — |  |  | — |  |  | 139,816 |
Digital other | 58,025 |  |  | 8,153 |  |  | — |  |  | 4,293 |  |  | — |  |  | 70,471 |
Digital | 512,521 |  |  | 59,839 |  |  | 360,772 |  |  | 4,293 |  |  | (114,162) |  |  | 823,263 |
Print advertising | 340,504 |  |  | 57,005 |  |  | — |  |  | — |  |  | — |  |  | 397,509 |
Print circulation | 443,372 |  |  | 50,569 |  |  | — |  |  | — |  |  | — |  |  | 493,941 |
Commercial and other(a) | 159,742 |  |  | 13,585 |  |  | — |  |  | — |  |  | — |  |  | 173,327 |
Print and commercial | 943,618 |  |  | 121,159 |  |  | — |  |  | — |  |  | — |  |  | 1,064,777 |
Total revenues(b) | $ | 1,456,139 |  |  | $ | 180,998 |  |  | $ | 360,772 |  |  | $ | 4,293 |  |  | $ | (114,162) |  |  | $ | 1,888,040 |
(a) For the nine months ended September 30, 2024, included Commercial printing and delivery revenues of $110.7 million and $7.6 million at the Domestic Gannett Media and Newsquest segments, respectively. (b) Revenues generated from international operations comprised 11.2% of total revenues for the nine months ended September 30, 2024.
| Nine months ended September 30, 2023
In thousands | Domestic Gannett Media |  | Newsquest |  | Digital Marketing Solutions |  | Corporate and other |  | Intersegment eliminations |  | Consolidated
Digital advertising | $ | 204,807 |  |  | $ | 37,657 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 242,464 |
Digital marketing services | 103,231 |  |  | 6,778 |  |  | 357,525 |  |  | — |  |  | (110,421) |  |  | 357,113 |
Digital-only subscription | 109,956 |  |  | 3,770 |  |  | — |  |  | — |  |  | — |  |  | 113,726 |
Digital other | 47,562 |  |  | 7,757 |  |  | — |  |  | 4,603 |  |  | — |  |  | 59,922 |
Digital | 465,556 |  |  | 55,962 |  |  | 357,525 |  |  | 4,603 |  |  | (110,421) |  |  | 773,225 |
Print advertising | 377,735 |  |  | 56,648 |  |  | — |  |  | — |  |  | — |  |  | 434,383 |
Print circulation | 536,551 |  |  | 51,724 |  |  | — |  |  | — |  |  | — |  |  | 588,275 |
Commercial and other(a) | 186,794 |  |  | 11,468 |  |  | — |  |  | — |  |  | — |  |  | 198,262 |
Print and commercial | 1,101,080 |  |  | 119,840 |  |  | — |  |  | — |  |  | — |  |  | 1,220,920 |
Total revenues(b) | $ | 1,566,636 |  |  | $ | 175,802 |  |  | $ | 357,525 |  |  | $ | 4,603 |  |  | $ | (110,421) |  |  | $ | 1,994,145 |
(a) For the nine months ended September 30, 2023, included Commercial printing and delivery revenues of $136.8 million and $5.7 million at the Domestic Gannett Media and Newsquest segments, respectively. (b) Revenues generated from international operations comprised 10.3% of total revenues for the nine months ended September 30, 2023.
Schedule of Deferred Revenue | The following table presents the change in the deferred revenues balance:
| Nine months ended September 30, |  |
In thousands | 2024 |  | 2023 |  |  |  |  |  |
Beginning balance | $ | 120,502 |  |  | $ | 153,648 |  |  |  |  |  |  |
Receipts, net of refunds | 795,425 |  |  | 825,049 |  |  |  |  |  |  |
Revenue recognized | (807,621) |  |  | (850,098) |  |  |  |  |  |  |
Ending balance | $ | 108,306 |  |  | $ | 128,599 |  |  |  |  |  |  |

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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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