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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Total revenues $ 584,861 $ 639,840 $ 1,156,434 $ 1,275,601
Operating costs 359,448 391,474 716,070 793,873
Selling, general and administrative expenses 164,097 177,906 331,613 356,320
Depreciation and amortization 42,644 38,258 85,278 76,556
Integration and reorganization costs 12,318 19,775 21,816 37,656
Asset impairments 181 0 2,075 45,989
(Gain) loss on sale or disposal of assets, net (1,584) 236 (22,264) 788
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)
Equity income in unconsolidated investees, net (839) (559) (1,034) (374)
Other (income) expense, net (4,905) 2,616 (1,917) 6,547
Loss before income taxes (9,074) (13,086) (23,221) (87,776)
Benefit for income taxes (87,472) (26,803) (94,286) (16,725)
Net income (loss) 78,398 13,717 71,065 (71,051)
Net income (loss) attributable to noncontrolling interests 7 (31) 7 (31)
Net income (loss) attributable to Gannett $ 78,391 $ 13,748 $ 71,058 $ (71,020)
Income (loss) per share attributable to Gannett - basic (in dollars per share) $ 0.54 $ 0.10 $ 0.49 $ (0.50)
Income (loss) per share attributable to Gannett - diluted (in dollars per share) $ 0.42 $ 0.09 $ 0.40 $ (0.50)
Other comprehensive income (loss):        
Foreign currency translation adjustments $ 14,548 $ (223) $ 21,822 $ (912)
Pension and other postretirement benefit items:        
Net actuarial loss 0 0 0 (538)
Amortization of net actuarial loss 202 232 360 469
Amortization of prior service cost (124) (125) (249) (250)
Equity method investments 0 0 174 116
Other (7,646) (317) (11,277) 1,010
Total pension and other postretirement benefit items (7,568) (210) (10,992) 807
Other comprehensive income (loss) before tax 6,980 (433) 10,830 (105)
Income tax (benefit) provision related to components of other comprehensive income (loss) (1,507) (30) (2,223) 140
Other comprehensive income (loss), net of tax 8,487 [1] (403) [1] 13,053 [2] (245) [2]
Comprehensive income (loss) 86,885 13,314 84,118 (71,296)
Comprehensive income (loss) attributable to noncontrolling interests 7 (31) 7 (31)
Comprehensive income (loss) attributable to Gannett 86,878 13,345 84,111 (71,265)
Digital        
Total revenues 265,435 278,378 515,829 545,877
Print and commercial        
Total revenues $ 319,426 $ 361,462 $ 640,605 $ 729,724
[1] For the three months ended June 30, 2025 and 2024, Other comprehensive (loss) income is net of an income tax benefit of $1.5 million and $30 thousand, respectively.
[2] For the six months ended June 30, 2025 and 2024, Other comprehensive (loss) income is net of an income tax benefit of $2.2 million and income tax provision of $0.1 million, respectively.