Integration and reorganization costs, and asset impairments

9 Months Ended

Sep. 30, 2025

Restructuring and Related Activities [Abstract]

Integration and reorganization costs, and asset impairments

NOTE 5 — Integration and reorganization costs, and asset impairments

Integration and reorganization costs

Integration and reorganization costs include severance costs as well as other reorganization-related costs associated with individual restructuring programs, designed primarily to right-size the Company's employee base, consolidate facilities and improve operations. These initiatives impact all the Company's operations and can be influenced by the terms of union contracts. Costs related to these programs, which primarily include severance and other reorganization-related costs, are accrued when probable and reasonably estimable or at the time of program announcement.

Severance-related expenses

The Company recorded severance-related expenses by segment as follows:


	Three months ended September 30,				Nine months ended September 30,
In thousands	2025		2024		2025		2024
Domestic Gannett Media	$	9,797	$	3,064	$	20,446	$	11,257
Newsquest	211		84		706		496
Digital Marketing Solutions	611		1,026		1,728		1,135
Corporate	1,872		243		3,976		1,212
Total	$	12,491	$	4,417	$	26,856	$	14,100

A roll-forward of the accrued severance and related expenses included in Accounts payable and accrued liabilities on the condensed consolidated balance sheets for the nine months ended September 30, 2025 is as follows:


In thousands	Severance and related expenses
Beginning balance	$	5,491
Restructuring provision included in integration and reorganization costs	26,856
Cash payments	(14,705)
Other(a)	1,776
Ending balance	$	19,418

(a) Included $1.8 million related to the departure of the Company's former Chief Financial Officer.

Other reorganization-related costs

Other reorganization-related costs represent individual restructuring programs, designed primarily to right-size the Company's employee base, consolidate facilities and improve operations. The Company recorded Other reorganization-related costs by segment as follows:


	Three months ended September 30,				Nine months ended September 30,
In thousands	2025		2024		2025		2024
Domestic Gannett Media(a)	$	1,741	$	10,298	$	3,369	$	31,687
Newsquest	(30)		—		(25)		—
Digital Marketing Solutions	—		4		—		807
Corporate(b)	1,506		2,588		7,324		8,369
Total	$	3,217	$	12,890	$	10,668	$	40,863

(a) For the nine months ended September 30, 2025, included the reversal of a withdrawal liability related to a multiemployer pension plan of $1.8 million based on the settlement of the withdrawal liability. For the three and nine months ended September 30, 2024, included $10.0 million and $19.9 million, respectively, related to withdrawal liabilities which were expensed as a result of ceasing contributions to multiemployer pension plans. In addition, for the nine months ended September 30, 2024, also included $9.7 million expensed as of the cease-use date related to certain licensed content.

(b) For the nine months ended September 30, 2025, included $2.1 million expensed related to the departure of the Company's former Chief Financial Officer.

Asset impairments

Corporate office relocation

On March 1, 2024, we exited and ceased use of our leased facility in McLean, Virginia and moved our corporate headquarters to our existing office space in New York. We will continue to seek subleases for the leased facility in McLean. As a result of the headquarters relocation, we recorded an impairment charge of approximately $46.0 million during the nine months ended September 30, 2024 related to the McLean operating lease right-of-use asset and the associated leasehold improvements. The fair value was measured using a discounted cash flow model based on market rents projected over the remaining lease term.