XML 51 R35.htm IDEA: XBRL DOCUMENT v3.25.0.1
Integration and reorganization costs and asset impairments (Tables)
12 Months Ended
Dec. 31, 2024
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Related Costs The Company recorded severance-related expenses by segment as follows:
Year ended December 31,
In thousands
2024
2023
2022
Domestic Gannett Media
$11,529
$9,935
$40,654
Newsquest
884
1,762
4,216
Digital Marketing Solutions
1,254
756
434
Corporate and other
1,481
6,064
12,310
Total
$15,148
$18,517
$57,614
A roll-forward of the accrued severance and related expenses included in Accounts payable and accrued liabilities on the
Consolidated balance sheets for the years ended December 31, 2024 and 2023 is as follows:
In thousands
Severance and
related expenses
Balance at December 31, 2022
$29,773
Restructuring provision included in integration and reorganization costs
18,517
Cash payments
(41,362)
Balance at December 31, 2023
6,928
Restructuring provision included in integration and reorganization costs
15,148
Cash payments
(16,585)
Balance at December 31, 2024
$5,491
Schedule of Facility Consolidation Charges The Company recorded Other reorganization-related
costs by segment as follows:
Year ended December 31,
In thousands
2024
2023
2022
Domestic Gannett Media(a)
$38,096
$(4,353)
$14,921
Newsquest(b)
(1,397)
1
209
Digital Marketing Solutions
807
28
674
Corporate and other
13,501
10,275
14,556
Total
$51,007
$5,951
$30,360
(a)For the year ended December 31, 2024, Other restructuring-related costs at the Domestic Gannett Media segment primarily reflected $25.9 million related to
withdrawal liabilities which were expensed as a result of ceasing contributions to multiemployer pension plans and $9.7 million expensed as of the cease-use
date related to certain licensed content. For the year ended December 31, 2023, Other restructuring-related costs at the Domestic Gannett Media segment
reflected the reversal of $6.4 million of withdrawal liabilities related to multiemployer pension plans based on settlement of the withdrawal liability. For the
year ended December 31, 2022, Other restructuring-related costs at the Domestic Gannett Media segment reflected a withdrawal liability of $8.6 million
which was expensed as a result of ceasing contributions to a multiemployer pension plan, as well as facilities consolidation expenses associated with exiting
a lease.
(b) For the year ended December 31, 2024, Other restructuring-related costs at the Newsquest segment primarily reflected the reversal of a withdrawal liability
of $1.4 million related to a pension plan based on settlement of the withdrawal liability.