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Integration and reorganization costs, and asset impairments (Tables)

9 Months Ended

Sep. 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 September 30,												Nine months ended September 30,
In thousands			2024						2023						2024						2023
Domestic Gannett Media			$	3,064					$	380					$	11,257					$	7,224
Newsquest			84						115						496						1,091
Digital Marketing Solutions			1,026						630						1,135						602
Corporate and other			243						338						1,212						5,350
Total			$	4,417					$	1,463					$	14,100					$	14,267

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 nine months ended September 30, 2024 is as follows:

In thousands			Severance and related expenses
Beginning balance			$	6,928
Restructuring provision included in integration and reorganization costs			14,100
Cash payments			(11,953)
Ending balance			$	9,075

Schedule of Facility Consolidation and Other Restructuring Expenses

The Company recorded Other reorganization-related costs as follows:

			Three months ended September 30,												Nine months ended September 30,
In thousands			2024						2023						2024						2023
Domestic Gannett Media(a)			$	10,298					$	(4,029)					$	31,687					$	(4,890)
Newsquest			—						(5)						—						(5)
Digital Marketing Solutions			4						—						807						—
Corporate and other			2,588						1,616						8,369						9,087
Total			$	12,890					$	(2,418)					$	40,863					$	4,192

(a) The three and nine months ended September 30, 2024, included $10.0 million and $19.9 million, respectively, related to withdrawal liabilities which were expensed as a result of ceasing contributions to multiemployer pension plans. In addition, the nine months ended September 30, 2024 included $9.7 million expensed as of the cease-use date related to certain licensed content. The three and nine months ended September 30, 2023, included the reversal of a withdrawal liability related to a multiemployer pension plan of $4.3 million and $6.4 million, respectively, 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
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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.

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-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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