XML 43 R31.htm IDEA: XBRL DOCUMENT v3.25.3

Segment reporting (Tables)

9 Months Ended

Sep. 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 September 30, 2025
In thousands			Domestic Gannett Media						Newsquest						Digital Marketing Solutions						Total
External revenues			$	385,962					$	58,892					$	114,418					$	559,272
Intersegment revenues			31,093						2,131						—						33,224
Segment revenues			$	417,055					$	61,023					$	114,418					$	592,496
Reconciliation of revenues:
Other revenues																					1,524
Elimination of intersegment revenues																					(33,224)
Total revenues																					$	560,796

			Three months ended September 30, 2024
In thousands			Domestic Gannett Media						Newsquest						Digital Marketing Solutions						Total
External revenues			$	433,242					$	57,837					$	119,929					$	611,008
Intersegment revenues			35,269						1,711						—						36,980
Segment revenues			$	468,511					$	59,548					$	119,929					$	647,988
Reconciliation of revenues:
Other revenues																					1,431
Elimination of intersegment revenues																					(36,980)
Total revenues																					$	612,439

			Nine months ended September 30, 2025
In thousands			Domestic Gannett Media						Newsquest						Digital Marketing Solutions						Total
External revenues			$	1,199,550					$	172,494					$	340,605					$	1,712,649
Intersegment revenues			96,874						5,695						—						102,569
Segment revenues			$	1,296,424					$	178,189					$	340,605					$	1,815,218
Reconciliation of revenues:
Other revenues																					4,581
Elimination of intersegment revenues																					(102,569)
Total revenues																					$	1,717,230

			Nine months ended September 30, 2024
In thousands			Domestic Gannett Media						Newsquest						Digital Marketing Solutions						Total
External revenues			$	1,347,327					$	175,648					$	360,772					$	1,883,747
Intersegment revenues			108,812						5,350						—						114,162
Segment revenues			$	1,456,139					$	180,998					$	360,772					$	1,997,909
Reconciliation of revenues:
Other revenues																					4,293
Elimination of intersegment revenues																					(114,162)
Total revenues																					$	1,888,040

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 September 30, 2025																		Three months ended September 30, 2024
In thousands			Domestic Gannett Media						Newsquest						Digital Marketing Solutions						Domestic Gannett Media						Newsquest						Digital Marketing Solutions
Segment revenues			$	417,055					$	61,023					$	114,418					$	468,511					$	59,548					$	119,929
Less:
Payroll			119,929						25,804						23,201						132,877						24,443						26,085
Benefits			23,537						1,019						3,234						23,494						927						3,186
Newsprint and ink			12,081						2,400						—						16,566						2,605						—
Distribution			60,133						3,204						—						66,660						3,292						—
Outside services			37,245						3,054						5,583						39,579						2,512						2,795
Digital cost of goods sold			43,524						2,429						71,343						41,963						2,326						73,577
Other(a)			85,244						8,558						1,277						101,071						9,526						2,543
Segment Adjusted EBITDA			$	35,362					$	14,555					$	9,780					$	46,301					$	13,917					$	11,743

(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.

			Nine months ended September 30, 2025																		Nine months ended September 30, 2024
In thousands			Domestic Gannett Media						Newsquest						Digital Marketing Solutions						Domestic Gannett Media						Newsquest						Digital Marketing Solutions
Segment revenues			$	1,296,424					$	178,189					$	340,605					$	1,456,139					$	180,998					$	360,772
Less:
Payroll			367,224						75,144						71,752						400,610						72,051						77,087
Benefits			69,736						3,025						9,979						72,124						2,890						9,619
Newsprint and ink			39,867						7,116						—						51,985						7,690						—
Distribution			186,595						9,400						—						210,426						9,615						—
Outside services			119,240						9,014						13,702						134,625						7,572						7,300
Digital cost of goods sold			130,378						6,583						210,008						132,403						6,960						224,164
Other(a)			271,634						24,524						5,417						310,287						32,002						10,307
Segment Adjusted EBITDA			$	111,750					$	43,383					$	29,747					$	143,679					$	42,218					$	32,295

(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 September 30,												Nine months ended September 30,
in thousands			2025						2024						2025						2024
Domestic Gannett Media			$	35,362					$	46,301					$	111,750					$	143,679
Newsquest			14,555						13,917						43,383						42,218
Digital Marketing Solutions			9,780						11,743						29,747						32,295
Segment Adjusted EBITDA			$	59,697					$	71,961					$	184,880					$	218,192
Corporate			2,524						9,082						12,961						23,193
Provision (benefit) for income taxes			17,635						(6,429)						(76,651)						(23,154)
Net (loss) income attributable to noncontrolling interests			—						(1)						7						(32)
Interest expense			23,835						25,959						74,313						78,794
Loss (gain) on early extinguishment of debt			24						176						1,481						(354)
Depreciation and amortization			43,211						40,398						128,489						116,954
Integration and reorganization costs(a)			15,708						17,307						37,524						54,963
Asset impairments			—						87						2,075						46,076
(Gain) loss on sale or disposal of assets, net			(62)						784						(22,326)						1,572
Share-based compensation expense			1,877						2,905						6,838						9,243
Other (income) expense, net(b)			(5,806)						1,346						(11,640)						1,610
Net (loss) income attributable to Gannett			$	(39,249)					$	(19,653)					$	31,809					$	(90,673)

(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, third-party debt costs and the components of net periodic pension and postretirement benefits other than service cost.

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