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Pensions and other postretirement benefit plans (Tables) | 12 Months Ended
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Dec. 31, 2025
Retirement Benefits [Abstract] |
Schedule Changes in Projected Benefit Obligations Amounts Recognized in Other Comprehensive Income Loss | The following table presents the change in the projected benefit obligation for the years ended December 31:
| Pension benefits |  | Postretirement benefits
In thousands | 2025 |  | 2024 |  | 2025 |  | 2024
Projected benefit obligation at beginning of period | $1,503,131 |  | $1,658,045 |  | $39,007 |  | $41,719
Service cost | 860 |  | 998 |  | 32 |  | 35
Interest cost | 80,834 |  | 81,500 |  | 2,104 |  | 2,120
Actuarial loss (gain) | 23,908 |  | (101,025) |  | (793) |  | (286)
Foreign currency translation | 41,031 |  | (8,174) |  | — |  | —
Benefits paid | (115,042) |  | (127,368) |  | (3,758) |  | (4,581)
Curtailment | — |  | 119 |  | — |  | —
Settlement | (212,186) |  | (964) |  | — |  | —
Projected benefit obligation at end of period | $1,322,536 |  | $1,503,131 |  | $36,592 |  | $39,007
The following table presents the change in the fair value of plan assets for the years ended December 31:
| Pension benefits |  | Postretirement benefits
In thousands | 2025 |  | 2024 |  | 2025 |  | 2024
Fair value of plan assets at beginning of period | $1,659,702 |  | $1,783,898 |  | $— |  | $—
Actual return on plan assets | 112,229 |  | 5,620 |  | — |  | —
Employer contributions | 1,691 |  | 7,949 |  | 3,758 |  | 4,581
Settlement | (212,186) |  | (964) |  | — |  | —
Benefits paid | (115,042) |  | (127,368) |  | (3,758) |  | (4,581)
Foreign currency translation | 47,294 |  | (9,433) |  | — |  | —
Fair value of plan assets at end of period | $1,493,688 |  | $1,659,702 |  | $— |  | $—
The following table presents amounts recognized in the Consolidated balance sheets, the plans' funded status and accumulated other comprehensive income that has not yet been recognized at December 31:
| Pension benefits |  | Postretirement benefits
In thousands | 2025 |  | 2024 |  | 2025 |  | 2024
Other assets | $173,362 |  | $160,343 |  | $— |  | $—
Accounts payable and accrued liabilities | 271 |  | 277 |  | 4,361 |  | 4,682
Pension and other postretirement benefit obligations | 1,939 |  | 3,495 |  | 32,231 |  | 34,325
Funded status at end of period | 171,152 |  | 156,571 |  | (36,592) |  | (39,007)
Unrecognized actuarial loss (gain) | 98,955 |  | 76,547 |  | (11,049) |  | (11,929)
Unrecognized prior service cost (benefit) | 1,529 |  | 1,491 |  | (1,599) |  | (2,169)
Net prepaid (accrued) benefit cost | $271,636 |  | $234,609 |  | $(49,240) |  | $(53,105)
The following table presents information about funded and underfunded pension plans at December 31:
| Funded plans |  | Underfunded plans
In thousands | 2025 |  | 2024 |  | 2025 |  | 2024
Accumulated benefit obligation | $1,319,619 |  | $1,456,629 |  | $2,210 |  | $45,780
Projected benefit obligation | 1,320,326 |  | 1,457,351 |  | 2,210 |  | 45,780
Fair value of plan assets | 1,493,688 |  | 1,617,694 |  | — |  | 42,008
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) | The following table presents the components of net periodic pension and postretirement benefits at December 31:
| Pension benefits |  | Postretirement benefits
In thousands | 2025 |  | 2024 |  | 2023 |  | 2025 |  | 2024 |  | 2023
Service cost | $860 |  | $998 |  | $1,366 |  | $32 |  | $35 |  | $40
Interest cost(a) | 80,834 |  | 81,500 |  | 84,449 |  | 2,104 |  | 2,120 |  | 2,334
Expected return on plan assets(a) | (91,689) |  | (96,726) |  | (95,358) |  | — |  | — |  | —
Amortization of actuarial loss (gain)(a) | 2,453 |  | 2,926 |  | 2,185 |  | (1,674) |  | (1,912) |  | (2,490)
Amortization of prior service costs(a) | 71 |  | 69 |  | 67 |  | (569) |  | (569) |  | (569)
Settlement loss (gain)(a) | (12,105) |  | 35 |  | — |  | — |  | — |  | —
Curtailment(a) | — |  | 119 |  | — |  | — |  | — |  | —
Total benefit, net | $(19,576) |  | $(11,079) |  | $(7,291) |  | $(107) |  | $(326) |  | $(685)
(a) Amounts are included in Other income (expense), net on the Consolidated statements of operations and comprehensive income (loss). The following table presents the changes in pension and other postretirement benefit plans recognized in Other comprehensive income (loss) at December 31:
| Pension benefits |  | Postretirement benefits
In thousands | 2025 |  | 2024 |  | 2023 |  | 2025 |  | 2024 |  | 2023
Net actuarial (gain) loss | $3,368 |  | $(9,919) |  | $(33,244) |  | $(793) |  | $(286) |  | $109
Amortization of net actuarial (loss) gain | (2,453) |  | (2,926) |  | (2,185) |  | 1,674 |  | 1,912 |  | 2,490
Change in prior service cost | — |  | — |  | — |  | — |  | — |  | (3,307)
Amortization of prior service costs | (71) |  | (69) |  | (67) |  | 569 |  | 569 |  | 569
Settlement gain (loss) | 12,105 |  | (35) |  | — |  | — |  | — |  | —
Equity method investments | 725 |  | (116) |  | (610) |  | — |  | — |  | —
Other | 9,497 |  | (1,405) |  | 7,415 |  | — |  | — |  | —
(Gain) loss recognized in Other comprehensive income (loss) | $23,171 |  | $(14,470) |  | $(28,691) |  | $1,450 |  | $2,195 |  | $(139)
Schedule of Assumptions Used | The following assumptions were used in connection with the Company's actuarial valuation of its pension plans and postretirement benefit obligations at December 31:
| Pension benefits |  | Postretirement benefits
| 2025 |  | 2024 |  | 2025 |  | 2024
Weighted average discount rate | 5.5% |  | 5.7% |  | 5.4% |  | 5.8%
Rate of increase in future compensation levels(a) | 2.0% |  | 2.0% |  | N/A |  | N/A
Current year medical trend | N/A |  | N/A |  | 7.3% |  | 7.5%
Ultimate year medical trend | N/A |  | N/A |  | 4.5% |  | 4.5%
Year of ultimate trend | N/A |  | N/A |  | 2037 |  | 2037
(a) Relates only to the Newspaper Guild of Detroit defined benefit pension plans. The following assumptions were used to calculate the net periodic benefit cost for the Company's pension plans and postretirement benefit obligations at December 31:
| Pension benefits |  | Postretirement benefits
| 2025 |  | 2024 |  | 2023 |  | 2025 |  | 2024 |  | 2023
Weighted average discount rate | 5.5% |  | 5.1% |  | 5.4% |  | 5.8% |  | 5.4% |  | 5.7%
Rate of increase in future compensation levels(a) | 2.0% |  | 2.0% |  | 2.0% |  | N/A |  | N/A |  | N/A
Weighted average expected return on assets | 5.7% |  | 5.6% |  | 5.7% |  | N/A |  | N/A |  | N/A
Current year medical trend | N/A |  | N/A |  | N/A |  | 7.5% |  | 6.3% |  | 6.5%
Ultimate year medical trend | N/A |  | N/A |  | N/A |  | 4.5% |  | 4.5% |  | 4.5%
Year of ultimate trend | N/A |  | N/A |  | N/A |  | 2037 |  | 2031 |  | 2031
(a) Relates only to the Newspaper Guild of Detroit defined benefit pension plans.
Schedule of Allocation of Plan Assets | The weighted average target asset allocation of our plans for 2026 and allocations at the end of 2025 and 2024, by asset category, are presented in the table below:
| Target allocation |  | Allocation of plan assets
| 2026 |  | 2025 |  | 2024
Equity securities | 14% |  | 10% |  | 21%
Debt securities | 69% |  | 72% |  | 62%
Alternative investments(a) | 17% |  | 18% |  | 17%
Total | 100% |  | 100% |  | 100%
(a)Alternative investments include real estate, private equity and hedge funds.
Schedule of Estimated Benefit Payments | We estimate making the following benefit payments, which reflect expected future service:
In thousands | Pension benefits |  | Postretirement benefits
2026 | $112,980 |  | $4,477
2027 | 113,107 |  | 4,200
2028 | 111,222 |  | 3,943
2029 | 112,295 |  | 3,695
2030 | 108,085 |  | 3,469
Thereafter | 488,002 |  | 14,275
Schedule of Multiemployer Pension Plans | For each of the plans listed below, the Company's contribution represented less than 5% of total contributions to the plan.
| EIN/Plan number | Zone status Year Ended | FIP/RP status pending/ implemented | Contributions (In thousands) | Surcharge imposed | Expiration dates of CBAs
Pension Plan Name | December 31, 2025 | December 31, 2024 | 2025 | 2024 | 2023
CWA/ITU Negotiated Pension Plan | 13-6212879/001 | Red | Red | Implemented | $21 | $160 | $255 | No | 8/4/2025
GCIU—Employer Retirement Benefit Plan(a) | 91-6024903/001 | Red | Red | Implemented | 28 | 46 | 41 | No | 8/4/2025
The Newspaper Guild International Pension Plan(a) | 52-1082662/001 | Red | Red | Implemented | 14 | 9 | 14 | Yes | 10/6/2021
IAM National Pension Plan(a) (b) | 51-6031295/002 | Red | Red | Implemented | 74 | 118 | 147 | Yes | 8/4/2025
Teamsters Pension Trust Fund of Philadelphia and Vicinity(a) | 23-1511735/001 | Green | Green | N/A | 694 | 998 | 965 | N/A | August 31, 2026 and September 1, 2026
Central Pension Fund of the International Union of Operating Engineers and Participating Employers(a) | 36-6052390/001 | Green | Green | N/A | 31 | 53 | 58 | N/A | 8/4/2025
Total |  |  |  |  | $862 | $1,384 | $1,480 |  |
(a)This plan has elected to utilize special amortization provisions provided under the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010. (b)The trustees of this plan have voluntarily elected to put the fund in critical status to strengthen its funding position.

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