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Fair value measurement (Tables) | 12 Months Ended
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Dec. 31, 2024
Fair Value Disclosures [Abstract] |
Schedule of Fair Value of Pension Plan Assets by Level Within Fair Value Hierarchy | The following table sets forth by level, within the fair value hierarchy, the fair values of assets related to the following pension plans: the (i) GR Plan, (ii) Gannett CUE Plan, (iii) U.K. Pension Plan, (iv) Detroit Plan (v) GWP Plan, and (vi) TPC Plan as of December 31, 2024:
Pension Plan Assets and Liabilities as of December 31, 2024
In thousands | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |
Cash and cash equivalents | $10,989 |  | $1,695 |  | $— |  | $12,684
Corporate common stock | 66,725 |  | — |  | — |  | 66,725
Corporate and government bonds | — |  | 231,518 |  | — |  | 231,518
Real estate | — |  | — |  | 124,790 |  | 124,790
Mutual funds | 20,430 |  | — |  | — |  | 20,430
Exchange traded funds | 23,215 |  | — |  | — |  | 23,215
Interest in common/collective trusts: |  |  |  |  |  |  |
Equities | — |  | 255,382 |  | — |  | 255,382
Fixed income | — |  | 721,506 |  | — |  | 721,506
Partnership/joint venture interests | — |  | — |  | 171,476 |  | 171,476
Total plan assets at fair value excluding those measured at NAV | $121,359 |  | $1,210,101 |  | $296,266 |  | $1,627,726
Instruments measured at NAV using the practical expedient:
Real estate funds |  |  |  |  |  |  | 8,814
Interest in common/collective trusts - fixed income |  |  |  |  |  |  | 23,163
Partnerships/joint ventures |  |  |  |  |  |  | 1,675
Total plan assets at fair value |  |  |  |  |  |  | $1,661,378
Liabilities: |  |  |  |  |  |  |
Other liabilities | $(1,676) |  | $— |  | $— |  | $(1,676)
Total plan liabilities at fair value | $(1,676) |  | $— |  | $— |  | $(1,676)
The following table sets forth by level, within the fair value hierarchy, the fair values of assets and liabilities related to the following pension plans: the (i) GR Plan, (ii) U.K. Pension Plan, (iii) Detroit Plan (iv) GWP Plan, and (v) TPC Plan as of December 31, 2023:
Pension Plan Assets and Liabilities as of December 31, 2023
In thousands | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |
Cash and cash equivalents | $11,524 |  | $1,899 |  | $— |  | $13,423
Corporate common stock | 98,309 |  | — |  | — |  | 98,309
Corporate and government bonds | — |  | 253,403 |  | — |  | 253,403
Real estate | — |  | — |  | 133,503 |  | 133,503
Mutual funds | 22,764 |  | — |  | — |  | 22,764
Exchange traded funds | 21,050 |  | — |  | — |  | 21,050
Interest in common/collective trusts: |  |  |  |  |  |  |
Equities | — |  | 296,624 |  | — |  | 296,624
Fixed income | — |  | 691,479 |  | — |  | 691,479
Partnership/joint venture interests | — |  | — |  | 169,932 |  | 169,932
Hedge funds | — |  | — |  | 48,695 |  | 48,695
Total plan assets at fair value, excluding those measured at NAV | $153,647 |  | $1,243,405 |  | $352,130 |  | $1,749,182
Assets measured at NAV using the practical expedient: |  |  |  |  |  |  |
Real estate funds |  |  |  |  |  |  | 9,576
Interest in common/collective trusts - fixed income |  |  |  |  |  |  | 23,396
Partnership/joint venture interests |  |  |  |  |  |  | 3,213
Total plan assets at fair value |  |  |  |  |  |  | $1,785,367
Liabilities: |  |  |  |  |  |  |
Other liabilities | $(1,469) |  | $— |  | $— |  | $(1,469)
Total plan liabilities at fair value | $(1,469) |  | $— |  | $— |  | $(1,469)
Schedule of Changes in Fair Value of Pension Plan Assets and Liabilities, Categorized as Level 3 | The following table sets forth a summary of changes in the fair value of the Level 3 pension plan assets for the year ended December 31, 2024:
|  |  | Actual return on plan assets |  |  |  |  |  |  |  |
In thousands | Balance at beginning of year |  | Relating to assets still held at report date |  | Relating to assets sold/ redeemed during the period |  | Purchases |  | Sales |  | Settlements |  | Balance at end of year
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate | $133,503 |  | $(2,039) |  | $— |  | $— |  | $(6,674) |  | $— |  | $124,790
Partnership/joint venture interests | 169,932 |  | (10,044) |  | — |  | 39,243 |  | (23,899) |  | (3,756) |  | 171,476
Hedge funds | 48,695 |  | — |  | 7 |  | — |  | — |  | (48,702) |  | —
Total assets | $352,130 |  | $(12,083) |  | $7 |  | $39,243 |  | $(30,573) |  | $(52,458) |  | $296,266
The following table sets forth a summary of changes in the fair value of the Level 3 pension plan assets and liabilities for the year ended December 31, 2023:
|  |  | Actual return on plan assets |  |  |  |  |  |  |  |
In thousands | Balance at beginning of year |  | Relating to assets still held at report date |  | Relating to assets sold during the period |  | Purchases |  | Sales |  | Settlements |  | Balance at end of year
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate | $132,593 |  | $2,683 |  | $— |  | $13 |  | $(1,786) |  | $— |  | $133,503
Partnership/joint venture interests | 166,184 |  | 4,164 |  | — |  | 30,714 |  | (25,917) |  | (5,213) |  | 169,932
Hedge funds | 63,054 |  | 3,141 |  | — |  | — |  | — |  | (17,500) |  | 48,695
Other assets | 2 |  | — |  | — |  | — |  | — |  | (2) |  | —
Total assets | $361,833 |  | $9,988 |  | $— |  | $30,727 |  | $(27,703) |  | $(22,715) |  | $352,130
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |
Other liabilities | $2,008 |  | $— |  | $— |  | $— |  | $— |  | $(2,008) |  | $—

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