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Integration and reorganization costs and asset impairments
12 Months Ended
Dec. 31, 2025
Restructuring and Related Activities [Abstract]  
Integration and reorganization costs and asset impairments NOTE 8 — 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:
Year ended December 31,
In thousands
2025
2024
2023
USA TODAY Media
$21,252
$11,529
$9,935
Newsquest
984
884
1,762
LocaliQ
1,773
1,254
756
Corporate
4,851
1,481
6,064
Total
$28,860
$15,148
$18,517
A roll-forward of the accrued severance and related expenses included in Accounts payable and accrued liabilities on the
Consolidated balance sheets for the years ended December 31, 2025 and 2024 is as follows:
In thousands
Severance and
related expenses
Balance at December 31, 2023
$6,928
Restructuring provision included in integration and reorganization costs
15,148
Cash payments
(16,585)
Balance at December 31, 2024
5,491
Restructuring provision included in integration and reorganization costs
28,860
Cash payments
(26,013)
Other(a)
1,781
Balance at December 31, 2025
$10,119
(a)For the year ended December 31, 2025, 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:
Year ended December 31,
In thousands
2025
2024
2023
USA TODAY Media(a)
$(5,663)
$38,096
$(4,353)
Newsquest(b)
200
(1,397)
1
LocaliQ
807
28
Corporate(c)
8,198
13,501
10,275
Total
$2,735
$51,007
$5,951
(a)For the year ended December 31, 2025, included the reversal of withdrawal liabilities related to multiemployer pension plans of $12.2 million based on the
settlement of the withdrawal liabilities. For the year ended December 31, 2024, included $25.9 million related to withdrawal liabilities which were expensed
as a result of ceasing contributions to multiemployer pension plans and $9.7 million expensed as of the cease-use date related to certain licensed content. For
the year ended December 31, 2023, included the reversal of withdrawal liabilities related to multiemployer pension plans of $6.4 million based on the
settlement of the withdrawal liabilities.
(b)  For the year ended December 31, 2024, included the reversal of a withdrawal liability of $1.4 million related to a pension plan based on settlement of the
withdrawal liability.
(c)For the year ended December 31, 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. As a result of the headquarters relocation, we recorded an impairment
charge of approximately $46.0 million during the year ended December 31, 2024 related to the McLean operating lease right-
of-use asset and the associated leasehold improvements. At the time of impairment, the fair value was measured using a
discounted cash flow model based on market rents projected over the remaining lease term, which expires in October 2030.
Beginning in 2025, the Company entered into a sublease agreement for the use of a portion of office space in our leased facility
in McLean, Virginia. The sublease commenced on September 1, 2025, for a 5-year term with annual lease income of
approximately $2.1 million. We continue to seek subleases for the remaining leased space.