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Segment reporting | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Segment reporting | NOTE 14 — Segment reporting We define our reportable segments based on the way the CODM, which is our Chief Executive Officer, manages the operations for purposes of allocating resources and assessing segment 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 digital marketing services delivered by our DMS segment, digital distribution of our publications and digital content syndication and affiliate and partnership revenues as well as classified advertisements and display advertisements run on our platforms as well as third-party sites, 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 newspaper publishers in the U.K.. The results of this segment include Digital revenues mainly derived from digital advertising offerings such as digital marketing services delivered by our DMS segment, digital distribution of our publications and digital content syndication revenues as well as classified advertisements and display advertisements run on our platforms and third-party sites, 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 and includes 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. We regularly provide management reports to the CODM that include segment revenue and Adjusted EBITDA. Significant segment expenses regularly provided to the CODM, and included within Adjusted EBITDA include Payroll, Benefits, Newsprint & ink, Distribution, Outside services and Digital cost of goods sold. The CODM uses Adjusted EBITDA to evaluate the performance of the segments and allocate resources. Adjusted EBITDA provides an assessment of controllable expenses and affords the CODM the ability to make decisions which are expected to facilitate meeting current financial goals as well as achieve optimal financial performance. 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.
| Year ended December 31, 2024
In thousands | Domestic Gannett Media |  | Newsquest |  | Digital Marketing Solutions |  | Corporate and other |  | Total
Revenue | $1,938,398 |  | $239,273 |  | $477,807 |  | $5,656 |  | $2,661,134
Elimination of intersegment revenues | — |  | — |  | — |  | — |  | (151,819)
Total revenues | 1,938,398 |  | 239,273 |  | 477,807 |  | 5,656 |  | 2,509,315
Payroll | 530,120 |  | 96,526 |  | 102,641 |  | 98,251 |  | 827,538
Benefits | 96,329 |  | 4,075 |  | 12,752 |  | 12,831 |  | 125,987
Newsprint and ink | 67,833 |  | 10,187 |  | — |  | — |  | 78,020
Distribution | 276,069 |  | 12,755 |  | — |  | — |  | 288,824
Outside services | 176,643 |  | 10,396 |  | 10,543 |  | 141,685 |  | 339,267
Digital cost of goods sold | 176,959 |  | 9,175 |  | 295,548 |  | 2,052 |  | 483,734
Other(a) | 412,024 |  | 42,750 |  | 12,645 |  | (222,844) |  | 244,575
Elimination of intersegment expenses | — |  | — |  | — |  | — |  | (151,819)
Adjusted EBITDA | 202,421 |  | 53,409 |  | 43,678 |  | (26,319) |  | 273,189
Net loss attributable to noncontrolling interests |  |  |  |  |  |  |  |  | 33
Interest expense |  |  |  |  |  |  |  |  | 104,697
Gain on early extinguishment of debt |  |  |  |  |  |  |  |  | (55,559)
Non-operating pension income |  |  |  |  |  |  |  |  | (12,438)
Depreciation and amortization |  |  |  |  |  |  |  |  | 156,287
Integration and reorganization costs(b) |  |  |  |  |  |  |  |  | 66,155
Third-party debt expenses and acquisition costs(c) |  |  |  |  |  |  |  |  | 10,932
Asset impairments |  |  |  |  |  |  |  |  | 46,589
Loss on sale or disposal of assets, net |  |  |  |  |  |  |  |  | 1,106
Share-based compensation expense |  |  |  |  |  |  |  |  | 12,522
Other non-operating income, net |  |  |  |  |  |  |  |  | (1,317)
Non-recurring items |  |  |  |  |  |  |  |  | 21,855
Loss before income taxes |  |  |  |  |  |  |  |  | (77,673)
Benefit for income taxes |  |  |  |  |  |  |  |  | (51,286)
Net loss |  |  |  |  |  |  |  |  | (26,387)
Net loss attributable to noncontrolling interests |  |  |  |  |  |  |  |  | (33)
Net loss attributable to Gannett |  |  |  |  |  |  |  |  | $(26,354)
(a)Other expenses include corporate allocations of shared costs and Equity loss (income) in unconsolidated investees, net, which are not separately provided to the CODM. Corporate allocations include, but are not limited to legal, human resources, accounting, analytics, finance, marketing and technology, as well as other general business costs. (b)Integration and reorganization costs mainly reflect severance-related expenses and other reorganization-related costs, designed primarily to right-size the Company's employee base, consolidate facilities and improve operations. (c)Third-party debt expenses and acquisition costs are included in Other operating expenses on the Consolidated statements of operations and comprehensive income (loss).
| Year ended December 31, 2023
In thousands | Domestic Gannett Media |  | Newsquest |  | Digital Marketing Solutions |  | Corporate and other |  | Total
Revenue | $2,095,853 |  | $233,980 |  | $477,909 |  | $6,268 |  | $2,814,010
Elimination of intersegment revenues | — |  | — |  | — |  | — |  | (150,460)
Total revenues | 2,095,853 |  | 233,980 |  | 477,909 |  | 6,268 |  | 2,663,550
Payroll | 548,253 |  | 93,492 |  | 99,942 |  | 101,925 |  | 843,612
Benefits | 100,434 |  | 4,002 |  | 11,852 |  | 15,296 |  | 131,584
Newsprint and ink | 99,760 |  | 13,351 |  | — |  | — |  | 113,111
Distribution | 323,749 |  | 13,325 |  | 2 |  | 2 |  | 337,078
Outside services | 195,937 |  | 10,046 |  | 8,319 |  | 137,380 |  | 351,682
Digital cost of goods sold | 180,876 |  | 9,876 |  | 289,878 |  | 1,950 |  | 482,580
Other(a) | 452,203 |  | 39,760 |  | 14,693 |  | (219,976) |  | 286,680
Elimination of intersegment expenses | — |  | — |  | — |  | — |  | (150,460)
Adjusted EBITDA | 194,641 |  | 50,128 |  | 53,223 |  | (30,309) |  | 267,683
Net loss attributable to noncontrolling interests |  |  |  |  |  |  |  |  | 103
Interest expense |  |  |  |  |  |  |  |  | 111,776
Gain on early extinguishment of debt |  |  |  |  |  |  |  |  | (4,529)
Non-operating pension income |  |  |  |  |  |  |  |  | (9,382)
Depreciation and amortization |  |  |  |  |  |  |  |  | 162,622
Integration and reorganization costs(b) |  |  |  |  |  |  |  |  | 24,468
Third-party debt expenses and acquisition costs(c) |  |  |  |  |  |  |  |  | 1,550
Asset impairments |  |  |  |  |  |  |  |  | 1,370
Gain on sale or disposal of assets, net |  |  |  |  |  |  |  |  | (40,101)
Share-based compensation expense |  |  |  |  |  |  |  |  | 16,567
Other non-operating income, net |  |  |  |  |  |  |  |  | (3,050)
Non-recurring items |  |  |  |  |  |  |  |  | 12,454
Loss before income taxes |  |  |  |  |  |  |  |  | (6,165)
Provision for income taxes |  |  |  |  |  |  |  |  | 21,729
Net loss |  |  |  |  |  |  |  |  | (27,894)
Net loss attributable to noncontrolling interests |  |  |  |  |  |  |  |  | (103)
Net loss attributable to Gannett |  |  |  |  |  |  |  |  | $(27,791)
(a)Other expenses include corporate allocations of shared costs and Equity loss (income) in unconsolidated investees, net, which are not separately provided to the CODM. Corporate allocations include, but are not limited to legal, human resources, accounting, analytics, finance, marketing and technology, as well as other general business costs. (b)Integration and reorganization costs mainly reflect severance-related expenses and other reorganization-related costs, designed primarily to right-size the Company's employee base, consolidate facilities and improve operations. (c)Third-party debt expenses and acquisition costs are included in Other operating expenses on the Consolidated statements of operations and comprehensive income (loss).
| Year ended December 31, 2022
In thousands | Domestic Gannett Media |  | Newsquest |  | Digital Marketing Solutions |  | Corporate and other |  | Total
Revenue | $2,379,806 |  | $234,630 |  | $468,883 |  | $5,440 |  | $3,088,759
Elimination of intersegment revenues | — |  | — |  | — |  | — |  | (143,456)
Total revenues | 2,379,806 |  | 234,630 |  | 468,883 |  | 5,440 |  | 2,945,303
Payroll | 641,747 |  | 96,853 |  | 93,802 |  | 125,478 |  | 957,880
Benefits | 135,882 |  | 4,887 |  | 13,698 |  | 21,358 |  | 175,825
Newsprint and ink | 129,077 |  | 15,039 |  | — |  | — |  | 144,116
Distribution | 370,594 |  | 14,697 |  | — |  | 9 |  | 385,300
Outside services | 223,365 |  | 11,061 |  | 10,016 |  | 134,271 |  | 378,713
Digital cost of goods sold | 176,986 |  | 9,658 |  | 278,573 |  | 136 |  | 465,353
Other(a) | 494,507 |  | 42,408 |  | 15,214 |  | (227,840) |  | 324,289
Elimination of intersegment expenses | — |  | — |  | — |  | — |  | (143,456)
Adjusted EBITDA | 207,648 |  | 40,027 |  | 57,580 |  | (47,972) |  | 257,283
Net loss attributable to noncontrolling interests |  |  |  |  |  |  |  |  | 253
Interest expense |  |  |  |  |  |  |  |  | 108,366
Gain on early extinguishment of debt |  |  |  |  |  |  |  |  | (399)
Non-operating pension income |  |  |  |  |  |  |  |  | (58,953)
Depreciation and amortization |  |  |  |  |  |  |  |  | 182,022
Integration and reorganization costs(b) |  |  |  |  |  |  |  |  | 87,974
Third-party debt expenses and acquisition costs(c) |  |  |  |  |  |  |  |  | 1,892
Asset impairments |  |  |  |  |  |  |  |  | 1,056
Gain on sale or disposal of assets, net |  |  |  |  |  |  |  |  | (6,883)
Share-based compensation expense |  |  |  |  |  |  |  |  | 16,751
Other non-operating income, net |  |  |  |  |  |  |  |  | (2,286)
Non-recurring items |  |  |  |  |  |  |  |  | 4,396
Loss before income taxes |  |  |  |  |  |  |  |  | (76,906)
Provision for income taxes |  |  |  |  |  |  |  |  | 1,349
Net loss |  |  |  |  |  |  |  |  | (78,255)
Net loss attributable to noncontrolling interests |  |  |  |  |  |  |  |  | (253)
Net loss attributable to Gannett |  |  |  |  |  |  |  |  | $(78,002)
(a)Other expenses include corporate allocations of shared costs and Equity loss (income) in unconsolidated investees, net, which are not separately provided to the CODM. Corporate allocations include, but are not limited to legal, human resources, accounting, analytics, finance, marketing and technology, as well as other general business costs. (b)Integration and reorganization costs mainly reflect severance-related expenses and other reorganization-related costs, designed primarily to right-size the Company's employee base, consolidate facilities and improve operations. (c)Third-party debt expenses and acquisition costs are included in Other operating expenses on the Consolidated statements of operations and comprehensive income (loss). Asset and asset related information by segment are not key measures of performance used by the CODM function. Accordingly, we have not disclosed asset and asset related 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 Consolidated financial statements, are not part of operating income and are primarily recorded at the corporate level.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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