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Revenue
3 Months Ended
Dec. 29, 2024
Revenue from Contract with Customer [Abstract]  
Revenue REVENUE
The following table presents our revenue disaggregated by source:
Three months Ended
(Thousands of Dollars)December 29,
2024
December 24,
2023
Operating revenue:
Print advertising revenue19,861 24,435 
Digital advertising and marketing services revenue46,729 46,452 
Advertising and marketing services revenue66,590 70,887 
Print subscription revenue43,432 51,872 
Digital subscription revenue21,565 19,467 
Subscription revenue64,997 71,339 
Print other revenue7,888 8,492 
Digital other revenue5,087 4,960 
Other revenue12,975 13,452 
Total operating revenue144,562 155,678 
Recognition principles: Revenue is recognized when a performance obligation is satisfied by the transfer of control of the contracted goods or services to our customers, in an amount that reflects the consideration we expect to receive in exchange for those goods or services.
Contract Liabilities: The Company’s primary source of contract liabilities is unearned revenue from subscriptions paid in advance of the service provided. The Company expects to recognize the revenue related to unsatisfied performance obligations over the next twelve months in accordance with the terms
of the subscriptions and other contracts with customers. Revenue recognized in the three months ended December 29, 2024, that was included in the contract liability as of September 29, 2024, was $19.4 million.
Accounts receivable, excluding allowance for credit losses was $65.4 million and $67.2 million as of December 29, 2024, and September 29, 2024, respectively. Allowance for credit losses was $5.9 million and $6.5 million as of December 29, 2024, and September 29, 2024, respectively.
Valuation and qualifying account information related to the allowance for credit losses related to continuing operations is as follows:
(Thousands of Dollars)December 29,
2024
September 29,
2024
Balance, beginning of year6,514 5,260 
Additions charged to expense3,474 13,633 
Deductions from reserves(4,123)(12,379)
Balance, end of year5,865 6,514 
Sales commissions are expensed as incurred as the associated contractual periods are one year or less. These costs are recorded within compensation. Most of our contracts have original expected lengths of one year or less and revenue is earned at a rate and amount that corresponds directly with the value to the customer.