XML 44 R32.htm IDEA: XBRL DOCUMENT
v3.25.2

Segment reporting (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following tables below present summarized financial information for each of the Company's reportable segments. Revenues
| Three months ended June 30, 2025
In thousands | Domestic Gannett Media |  | Newsquest |  | Digital Marketing Solutions |  | Total
External revenues | $ | 406,356 |  |  | $ | 59,449 |  |  | $ | 117,478 |  |  | $ | 583,283 |
Intersegment revenues | 32,943 |  |  | 1,869 |  |  | — |  |  | 34,812 |
Segment revenues | $ | 439,299 |  |  | $ | 61,318 |  |  | $ | 117,478 |  |  | $ | 618,095 |
Reconciliation of revenues: |  |  |  |  |  |  |
Other revenues |  |  |  |  |  |  | 1,578 |
Elimination of intersegment revenues |  |  |  |  |  |  | (34,812) |
Total revenues |  |  |  |  |  |  | $ | 584,861 |
| Three months ended June 30, 2024
In thousands | Domestic Gannett Media |  | Newsquest |  | Digital Marketing Solutions |  | Total
External revenues | $ | 455,262 |  |  | $ | 59,522 |  |  | $ | 123,798 |  |  | $ | 638,582 |
Intersegment revenues | 36,647 |  |  | 1,730 |  |  | — |  |  | 38,377 |
Segment revenues | $ | 491,909 |  |  | $ | 61,252 |  |  | $ | 123,798 |  |  | $ | 676,959 |
Reconciliation of revenues: |  |  |  |  |  |  |
Other revenues |  |  |  |  |  |  | 1,258 |
Elimination of intersegment revenues |  |  |  |  |  |  | (38,377) |
Total revenues |  |  |  |  |  |  | $ | 639,840 |
| Six months ended June 30, 2025
In thousands | Domestic Gannett Media |  | Newsquest |  | Digital Marketing Solutions |  | Total
External revenues | $ | 813,588 |  |  | $ | 113,602 |  |  | $ | 226,187 |  |  | $ | 1,153,377 |
Intersegment revenues | 65,781 |  |  | 3,564 |  |  | — |  |  | 69,345 |
Segment revenues | $ | 879,369 |  |  | $ | 117,166 |  |  | $ | 226,187 |  |  | $ | 1,222,722 |
Reconciliation of revenues: |  |  |  |  |  |  |
Other revenues |  |  |  |  |  |  | 3,057 |
Elimination of intersegment revenues |  |  |  |  |  |  | (69,345) |
Total revenues |  |  |  |  |  |  | $ | 1,156,434 |
| Six months ended June 30, 2024
In thousands | Domestic Gannett Media |  | Newsquest |  | Digital Marketing Solutions |  | Total
External revenues | $ | 914,085 |  |  | $ | 117,811 |  |  | $ | 240,843 |  |  | $ | 1,272,739 |
Intersegment revenues | 73,543 |  |  | 3,639 |  |  | — |  |  | 77,182 |
Segment revenues | $ | 987,628 |  |  | $ | 121,450 |  |  | $ | 240,843 |  |  | $ | 1,349,921 |
Reconciliation of revenues: |  |  |  |  |  |  |
Other revenues |  |  |  |  |  |  | 2,862 |
Elimination of intersegment revenues |  |  |  |  |  |  | (77,182) |
Total revenues |  |  |  |  |  |  | $ | 1,275,601 |
Schedule of Reconciliation of Segment Revenue Adjusted EBITDA | The following tables below present summarized financial information for each of the Company's reportable segments. Reconciliation of Segment Revenues to Segment Adjusted EBITDA
| Three months ended June 30, 2025
In thousands | Domestic Gannett Media |  | Newsquest |  | Digital Marketing Solutions |  |
Segment revenues | $ | 439,299 |  |  | $ | 61,318 |  |  | $ | 117,478 |  |  |
Less: |  |  |  |  |  |  |
Payroll | 122,607 |  |  | 25,888 |  |  | 23,524 |  |  |
Benefits | 20,998 |  |  | 958 |  |  | 3,049 |  |  |
Newsprint and ink | 13,373 |  |  | 2,413 |  |  | — |  |  |
Distribution | 61,957 |  |  | 3,186 |  |  | — |  |  |
Outside services | 40,768 |  |  | 3,085 |  |  | 5,247 |  |  |
Digital cost of goods sold | 44,614 |  |  | 2,154 |  |  | 72,198 |  |  |
Other(a) | 91,758 |  |  | 8,740 |  |  | 1,962 |  |  |
Segment Adjusted EBITDA | $ | 43,224 |  |  | $ | 14,894 |  |  | $ | 11,498 |  |  |
(a) Other expenses primarily include corporate allocations of shared costs, facility-related expenses, advertising costs, and Equity loss (income) in unconsolidated investees, net, which are not separately provided to the CODM. Corporate allocations of shared costs include, but are not limited to technology, finance, analytics, legal, and human resources, as well as other general business costs.
| Three months ended June 30, 2024
In thousands | Domestic Gannett Media |  | Newsquest |  | Digital Marketing Solutions |  |
Segment revenues | $ | 491,909 |  |  | $ | 61,252 |  |  | $ | 123,798 |  |  |
Less: |  |  |  |  |  |  |
Payroll | 132,935 |  |  | 23,945 |  |  | 25,628 |  |  |
Benefits | 24,264 |  |  | 902 |  |  | 3,156 |  |  |
Newsprint and ink | 16,846 |  |  | 2,461 |  |  | — |  |  |
Distribution | 69,283 |  |  | 3,137 |  |  | — |  |  |
Outside services | 47,344 |  |  | 2,523 |  |  | 2,220 |  |  |
Digital cost of goods sold | 45,032 |  |  | 2,238 |  |  | 77,476 |  |  |
Other(a) | 103,307 |  |  | 11,908 |  |  | 3,545 |  |  |
Segment Adjusted EBITDA | $ | 52,898 |  |  | $ | 14,138 |  |  | $ | 11,773 |  |  |
(a) Other expenses primarily include corporate allocations of shared costs, facility-related expenses, advertising costs, and Equity loss (income) in unconsolidated investees, net, which are not separately provided to the CODM. Corporate allocations of shared costs include, but are not limited to technology, finance, analytics, legal, and human resources, as well as other general business costs.
| Six months ended June 30, 2025
In thousands | Domestic Gannett Media |  | Newsquest |  | Digital Marketing Solutions |  |
Segment revenues | $ | 879,369 |  |  | $ | 117,166 |  |  | $ | 226,187 |  |  |
Less: |  |  |  |  |  |  |
Payroll | 247,295 |  |  | 49,340 |  |  | 48,551 |  |  |
Benefits | 46,199 |  |  | 2,006 |  |  | 6,745 |  |  |
Newsprint and ink | 27,786 |  |  | 4,716 |  |  | — |  |  |
Distribution | 126,462 |  |  | 6,196 |  |  | — |  |  |
Outside services | 81,995 |  |  | 5,960 |  |  | 8,119 |  |  |
Digital cost of goods sold | 86,854 |  |  | 4,154 |  |  | 138,665 |  |  |
Other(a) | 186,390 |  |  | 15,966 |  |  | 4,140 |  |  |
Segment Adjusted EBITDA | $ | 76,388 |  |  | $ | 28,828 |  |  | $ | 19,967 |  |  |
(a) Other expenses primarily include corporate allocations of shared costs, facility-related expenses, advertising costs, and Equity loss (income) in unconsolidated investees, net, which are not separately provided to the CODM. Corporate allocations of shared costs include, but are not limited to technology, finance, analytics, legal, and human resources, as well as other general business costs.
| Six months ended June 30, 2024
In thousands | Domestic Gannett Media |  | Newsquest |  | Digital Marketing Solutions |  |
Segment revenues | $ | 987,628 |  |  | $ | 121,450 |  |  | $ | 240,843 |  |  |
Less: |  |  |  |  |  |  |
Payroll | 267,733 |  |  | 47,608 |  |  | 51,002 |  |  |
Benefits | 48,630 |  |  | 1,963 |  |  | 6,433 |  |  |
Newsprint and ink | 35,419 |  |  | 5,085 |  |  | — |  |  |
Distribution | 143,766 |  |  | 6,323 |  |  | — |  |  |
Outside services | 95,046 |  |  | 5,060 |  |  | 4,505 |  |  |
Digital cost of goods sold | 90,440 |  |  | 4,634 |  |  | 150,587 |  |  |
Other(a) | 209,216 |  |  | 22,476 |  |  | 7,764 |  |  |
Segment Adjusted EBITDA | $ | 97,378 |  |  | $ | 28,301 |  |  | $ | 20,552 |  |  |
(a) Other expenses primarily include corporate allocations of shared costs, facility-related expenses, advertising costs, and Equity loss (income) in unconsolidated investees, net, which are not separately provided to the CODM. Corporate allocations of shared costs include, but are not limited to technology, finance, analytics, legal, and human resources, as well as other general business costs.
Schedule of Reconciliation of Segment Adjusted EBTIDA to Loss Before Income Taxes | The following tables below present summarized financial information for each of the Company's reportable segments. Reconciliation of Segment Adjusted EBITDA to Net income (loss) attributable to Gannett
| Three months ended June 30, |  | Six months ended June 30,
in thousands | 2025 |  | 2024 |  | 2025 |  | 2024
Domestic Gannett Media | $ | 43,224 |  |  | $ | 52,898 |  |  | $ | 76,388 |  |  | $ | 97,378 |
Newsquest | 14,894 |  |  | 14,138 |  |  | 28,828 |  |  | 28,301 |
Digital Marketing Solutions | 11,498 |  |  | 11,773 |  |  | 19,967 |  |  | 20,552 |
Segment Adjusted EBITDA | $ | 69,616 |  |  | $ | 78,809 |  |  | $ | 125,183 |  |  | $ | 146,231 |
Corporate | 5,379 |  |  | 4,278 |  |  | 10,437 |  |  | 14,111 |
Benefit for income taxes | (87,472) |  |  | (26,803) |  |  | (94,286) |  |  | (16,725) |
Net income (loss) attributable to noncontrolling interests | 7 |  |  | (31) |  |  | 7 |  |  | (31) |
Interest expense | 24,395 |  |  | 26,270 |  |  | 50,478 |  |  | 52,835 |
Loss (gain) on early extinguishment of debt | 183 |  |  | 87 |  |  | 1,457 |  |  | (530) |
Non-operating pension income | (2,003) |  |  | (3,137) |  |  | (3,917) |  |  | (6,283) |
Depreciation and amortization | 42,644 |  |  | 38,258 |  |  | 85,278 |  |  | 76,556 |
Integration and reorganization costs(a) | 12,318 |  |  | 19,775 |  |  | 21,816 |  |  | 37,656 |
Asset impairments | 181 |  |  | — |  |  | 2,075 |  |  | 45,989 |
(Gain) loss on sale or disposal of assets, net | (1,584) |  |  | 236 |  |  | (22,264) |  |  | 788 |
Share-based compensation expense | 2,082 |  |  | 3,512 |  |  | 4,961 |  |  | 6,338 |
Other (income) expense, net(b) | (4,905) |  |  | 2,616 |  |  | (1,917) |  |  | 6,547 |
Net income (loss) attributable to Gannett | $ | 78,391 |  |  | $ | 13,748 |  |  | $ | 71,058 |  |  | $ | (71,020) |
(a) 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. (b) Other (income) expense, net primarily reflects expert fees associated with the litigation with Google, consulting fees related to a discrete initiative to reformulate our go-to-market strategy and post-sales processes, (gains) losses from the sale of investments and third-party debt costs.

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration