Gannett (GCI) 10-Q 31 Oct 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 29, 2019	Oct. 28, 2019
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 29, 2019
Document Transition Report	false
Entity File Number	001-36097
Entity Registrant Name	New Media Investment Group Inc.
Entity Incorporation, State	DE
Entity Tax Identification Number	38-3910250
Entity Address, Address Line One	1345 Avenue of the Americas 45th floor,
Entity Address, City or Town	New York,
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10105
City Area Code	212
Local Phone Number	479-3160
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	NEWM
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock Shares Outstanding		60,481,117
Entity Central Index Key	0001579684
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-29

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 29, 2019	Dec. 30, 2018
Current assets:
Cash and cash equivalents	$ 28,641	$ 48,651
Restricted cash	3,128	4,119
Accounts receivable, net of allowance for doubtful accounts of $8,270 and $8,042 at September 29, 2019 and December 30, 2018, respectively	143,311	174,274
Inventory	21,070	25,022
Prepaid expenses	25,221	23,935
Other current assets	21,467	21,608
Total current assets	242,838	297,609
Property, plant, and equipment, net of accumulated depreciation of $256,531 and $219,256 at September 29, 2019 and December 30, 2018, respectively	314,133	339,608
Operating lease right-of-use assets, net	109,152	0
Goodwill	328,488	310,737
Intangible assets, net of accumulated amortization of $128,386 and $101,543 at September 29, 2019 and December 30, 2018, respectively	465,063	486,054
Other assets	12,079	9,856
Total assets	1,471,753	1,443,864
Current liabilities:
Current portion of long-term debt	4,395	12,395
Current portion of operating lease liabilities	15,132	0
Accounts payable	20,667	16,612
Accrued expenses	105,537	113,650
Deferred revenue	117,837	105,187
Total current liabilities	263,568	247,844
Long-term liabilities:
Long-term debt	433,718	428,180
Long-term operating lease liabilities	101,710	0
Deferred income taxes	12,197	8,282
Pension and other postretirement benefit obligations	23,303	24,326
Other long-term liabilities	11,206	16,462
Total liabilities	845,702	725,094
Redeemable noncontrolling interests	593	1,547
Stockholders’ equity:
Common stock, $0.01 par value, 2,000,000,000 shares authorized; 60,807,859 shares issued and 60,481,117 shares outstanding at September 29, 2019; 60,508,249 shares issued and 60,306,286 shares outstanding at December 30, 2018	608	605
Additional paid-in capital	655,282	721,605
Accumulated other comprehensive loss	(6,971)	(6,881)
(Accumulated deficit) retained earnings	(20,872)	3,767
Treasury stock, at cost, 326,742 and 201,963 shares at September 29, 2019 and December 30, 2018, respectively	(2,589)	(1,873)
Total stockholders’ equity	625,458	717,223
Total liabilities, redeemable noncontrolling interests and stockholders’ equity	$ 1,471,753	$ 1,443,864

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 29, 2019	Dec. 30, 2018
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 8,270	$ 8,042
Property, plant and equipment, accumulated depreciation	256,531	219,256
Intangible assets, accumulated amortization	$ 128,386	$ 101,543
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	2,000,000,000	2,000,000,000
Common stock, shares issued	60,807,859	60,508,249
Common stock, shares outstanding	60,481,117	60,306,286
Treasury stock, shares	326,742	201,963

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018
Revenues:
Total revenues	$ 376,649	$ 380,419	$ 1,168,636	$ 1,109,986
Operating costs and expenses:
Operating costs	218,369	220,771	681,271	634,935
Selling, general, and administrative	120,797	121,280	379,208	365,638
Depreciation and amortization	24,482	25,094	68,733	64,276
Acquisition costs	12,181	591	15,318	1,888
Integration and reorganization costs	2,160	9,064	9,502	13,243
Impairment of long-lived assets	0	1,121	2,469	1,121
Net loss (gain) on sale or disposal of assets	602	(72)	3,339	(4,051)
Operating (loss) income	(1,942)	2,570	8,796	32,936
Interest expense	10,030	9,115	30,376	26,466
Other income	(230)	(433)	(801)	(1,290)
(Loss) income before income taxes	(11,742)	(6,112)	(20,779)	7,760
Income tax expense (benefit)	7,226	(239)	4,929	2,591
Net (loss) income	(18,968)	(5,873)	(25,708)	5,169
Net (loss) income attributable to redeemable noncontrolling interests	(505)	232	(954)	232
Net (loss) income attributable to New Media	$ (18,463)	$ (6,105)	$ (24,754)	$ 4,937
Dividends declared per share (in dollars per share)	$ 0.38	$ 0.37	$ 1.14	$ 1.11
Basic (in dollars per share):
Net (loss) income attributable to New Media	(0.31)	(0.10)	(0.41)	0.09
Diluted (in dollars per share):
Net (loss) income attributable to New Media	$ (0.31)	$ (0.10)	$ (0.41)	$ 0.09
Comprehensive (loss) income	$ (19,001)	$ (5,940)	$ (25,798)	$ 4,967
Comprehensive (loss) income attributable to redeemable noncontrolling interests	(506)	232	(954)	232
Comprehensive (loss) income attributable to New Media	(18,495)	(6,172)	(24,844)	4,735
Advertising [Member]
Revenues:
Revenues	167,437	176,461	530,899	527,329
Circulation [Member]
Revenues:
Revenues	146,254	145,934	449,269	420,461
Commercial printing and other [Member]
Revenues:
Revenues	$ 62,958	$ 58,024	$ 188,468	$ 162,196

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common stock [Member]	Additional paid-in capital [Member]	Accumulated other comprehensive loss [Member]	Retained earnings (accumulated deficit) [Member]	Treasury stock [Member]
Shares, beginning balance at Dec. 31, 2017		53,367,853				140,972
Stockholders' equity, beginning balance at Dec. 31, 2017	$ 674,393	$ 534	$ 683,168	$ (5,461)	$ (2,767)	$ (1,081)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	4,937				4,937
Net actuarial loss and prior service cost, net of income taxes of $0	(202)			(202)
Restricted share grants, shares		230,598
Restricted share grants	225	$ 2	223
Non-cash compensation expense	2,499		2,499
Issuance of common stock, net of underwriters' discount and offering costs (in shares)		6,900,000
Issuance of common stock, net of underwriters' discount and offering costs	110,719	$ 69	110,650
Restricted share forfeiture, shares						14,754
Purchase of treasury stock, shares						45,685
Purchase of treasury stock	(784)					$ (784)
Common stock cash dividend	(64,338)		(57,659)		(6,679)
Shares, ending balance at Sep. 30, 2018		60,498,451				201,411
Stockholders' equity, ending balance at Sep. 30, 2018	727,449	$ 605	738,881	(5,663)	(4,509)	$ (1,865)
Shares, beginning balance at Jul. 01, 2018		60,486,837				193,834
Stockholders' equity, beginning balance at Jul. 01, 2018	755,285	$ 605	758,466	(5,596)	3,644	$ (1,834)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(6,105)				(6,105)
Net actuarial loss and prior service cost, net of income taxes of $0	(67)			(67)
Restricted share grants, shares		11,614
Restricted share grants	0	$ 0	0
Non-cash compensation expense	667		667
Restricted share forfeiture, shares						5,715
Purchase of treasury stock, shares						1,862
Purchase of treasury stock	(31)					$ (31)
Common stock cash dividend	(22,300)		(20,252)		(2,048)
Shares, ending balance at Sep. 30, 2018		60,498,451				201,411
Stockholders' equity, ending balance at Sep. 30, 2018	727,449	$ 605	738,881	(5,663)	(4,509)	$ (1,865)
Shares, beginning balance at Dec. 30, 2018		60,508,249				201,963
Stockholders' equity, beginning balance at Dec. 30, 2018	717,223	$ 605	721,605	(6,881)	3,767	$ (1,873)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(24,754)				(24,754)
Net actuarial loss and prior service cost, net of income taxes of $0	(90)			(90)
Restricted share grants, shares		299,610
Restricted share grants	0	$ 3	(3)
Non-cash compensation expense	2,534		2,534
Impact of adoption of ASC 842 - Leases	115				115
Restricted share forfeiture, shares						70,459
Purchase of treasury stock, shares						54,320
Purchase of treasury stock	(716)					$ (716)
Common stock cash dividend	(68,854)		(68,854)		0
Shares, ending balance at Sep. 29, 2019		60,807,859				326,742
Stockholders' equity, ending balance at Sep. 29, 2019	625,458	$ 608	655,282	(6,971)	(20,872)	$ (2,589)
Shares, beginning balance at Jun. 30, 2019		60,806,451				324,777
Stockholders' equity, beginning balance at Jun. 30, 2019	666,262	$ 608	677,574	(6,938)	(2,409)	$ (2,573)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(18,463)				(18,463)
Net actuarial loss and prior service cost, net of income taxes of $0	(30)			(30)
Foreign currency translation adjustment	(3)			(3)
Non-cash compensation expense	691		691
Restricted share forfeiture, shares						366
Purchase of treasury stock, shares						1,599
Purchase of treasury stock	(16)					$ (16)
Common stock cash dividend	(22,983)		(22,983)		0
Shares, ending balance at Sep. 29, 2019		60,807,859				326,742
Stockholders' equity, ending balance at Sep. 29, 2019	$ 625,458	$ 608	$ 655,282	$ (6,971)	$ (20,872)	$ (2,589)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018
Statement of Stockholders' Equity [Abstract]
Net actuarial loss and prior service cost, income tax	$ 0	$ 0	$ 0	$ 0

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net (loss) income	$ (25,708)	$ 5,169
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	68,733	64,276
Non-cash compensation expense	2,534	2,499
Non-cash interest expense	1,034	1,594
Deferred income taxes	3,915	1,848
Net loss (gain) on sale or disposal of assets	3,339	(4,051)
Impairment of long-lived assets	2,469	1,121
Pension and other postretirement benefit obligations	(1,116)	(2,161)
Changes in assets and liabilities:
Accounts receivable, net	35,641	16,961
Inventory	5,610	(6,967)
Prepaid expenses	(395)	(4)
Other assets	(109,523)	4,416
Accounts payable	2,415	(4,500)
Accrued expenses	9,746	(5,300)
Deferred revenue	3,599	(4,372)
Other long-term liabilities	96,237	1,454
Net cash provided by operating activities	98,530	71,983
Cash flows from investing activities:
Acquisitions, net of cash acquired	(49,666)	(155,166)
Purchases of property, plant, and equipment	(7,281)	(8,029)
Proceeds from sale of real estate and other assets, and insurance proceeds	10,314	13,175
Net cash used in investing activities	(46,633)	(150,020)
Cash flows from financing activities:
Payment of debt issuance costs	0	(500)
Borrowings under term loans	0	49,750
Repayments under term loans	(11,296)	(3,093)
Borrowings under revolving credit facility	136,400	0
Repayments under revolving credit facility	(128,400)	0
Payment of offering costs	0	(369)
Issuance of common stock, net of underwriters' discount	0	111,099
Purchase of treasury stock	(716)	(784)
Payment of dividends	(68,886)	(64,420)
Net cash (used in) provided by financing activities	(72,898)	91,683
Net (decrease) increase in cash, cash equivalents and restricted cash	(21,001)	13,646
Cash, cash equivalents and restricted cash, beginning balance	52,770	46,162
Cash, cash equivalents and restricted cash, ending balance	$ 31,769	$ 59,808

Unaudited Financial Statements

Unaudited Financial Statements	9 Months Ended
	Sep. 29, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Unaudited Financial Statements	(1) Unaudited Financial Statements The accompanying unaudited condensed consolidated financial statements of New Media Investment Group Inc. and its subsidiaries (together, the “Company” or “New Media”) have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and the instructions to Form 10-Q and applicable provisions of Regulation S-X, each as promulgated by the United States Securities and Exchange Commission (the “SEC”). Certain information and note disclosures normally included in comprehensive annual financial statements presented in accordance with GAAP have been condensed or omitted pursuant to SEC rules and regulations. Management believes that the accompanying condensed consolidated financial statements contain all adjustments (which include normal recurring adjustments) that, in the opinion of management, are necessary to present fairly the Company’s consolidated financial condition, results of operations, changes in stockholders' equity and cash flows for the periods presented. The results of operations for interim periods are not necessarily indicative of the results that may be expected for the full year. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes for the year ended December 30, 2018 , included in the Company’s Annual Report on Form 10-K. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company’s reporting units (Newspapers and BridgeTower) are aggregated into one reportable business segment. The newspaper industry and the Company have experienced declining same-store revenue and profitability over the past several years. As a result, the Company has implemented, and continues to implement, measures to reduce costs and preserve cash flow. This includes cost-reduction programs and the sale of non-core assets. The Company believes these initiatives along with cash provided by operating activities will provide it with the financial resources necessary to invest in the business and provide sufficient cash flow to enable the Company to meet its commitments. Reclassifications Certain prior period amounts in the condensed consolidated financial statements have been reclassified to conform to the current year presentation. Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02 (“ASU 2016-02”), “Leases (Topic 842)”, which revised the accounting related to lease accounting for both lessees and lessors. Under the new guidance, lessees are required to recognize a lease liability and a right-of-use asset on the balance sheet for all leases with terms greater than twelve months. Leases are classified as either finance or operating, with classification affecting the classification of expense recognition in the income statement. As permitted under the transition guidance, we have carried forward the assessment of whether our contracts contain or are leases, classification of our leases and remaining lease terms. Refer to Note 6 for further discussion. In February 2018, the FASB issued ASU 2018-02, “Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (“AOCI”)”. This ASU provides entities the option to reclassify tax effects to retained earnings from AOCI which are impacted by the Tax Cuts and Jobs Act (“TCJA”). The ASU is effective for fiscal years beginning after December 15, 2018 but early adoption is permitted. The Company has a full valuation allowance for all tax benefits related to AOCI, and therefore, there are no tax effects to be reclassified to retained earnings. All other issued and not yet effective accounting standards are not relevant to the Company.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 29, 2019
Business Combinations [Abstract]
Acquisitions	(2) Acquisitions Agreement and Plan of Merger with Gannett On August 5, 2019, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) to acquire Gannett Co., Inc. (“Gannett”) in a cash and stock transaction for $12.06 per share of Gannett common stock, or approximately $1,400,000 at the date of the announcement (the “Merger”). Each share of Gannett common stock will be exchanged for $6.25 per share in cash and 0.5427 shares of the Company’s common stock. Subject to the terms, carve-outs and conditions of the Merger Agreement, at the effective time of the Merger, Gannett shareholders will own approximately 49.5% of the Company’s common stock on a fully-diluted basis based on the number of the Company’s shares then outstanding. The Company expects that the cash portion of the purchase price will be financed with new debt and cash on hand. As further discussed below, the Company has a commitment for Merger financing. Gannett is an innovative, digitally focused media and marketing solutions company committed to fostering the communities in their network and helping them build relationships with their local businesses. Gannett owns ReachLocal, Inc., a digital marketing solutions company, the USA TODAY NETWORK (made up of USA TODAY and 109 local media organizations in 34 states in the U.S. and Guam, including digital sites and affiliates), and Newsquest (a wholly-owned subsidiary operating in the United Kingdom with more than 150 local media brands). Consummation of the Merger Agreement is subject to certain closing conditions, including approval by Gannett’s and the Company’s stockholders (in the case of the Company’s stockholder approval, disregarding any shares held by certain affiliates of Fortress). The completion of the Merger was conditioned upon expiration or termination of any applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), relating to the consummation of the Merger, and obtaining the necessary clearance from the European Commission. The applicable waiting period under the HSR Act expired on September 25, 2019, and the European Commission announced regulatory clearance on October 23, 2019. The Merger Agreement does not contain a financing condition. The Merger is expected to close before December 31, 2019, although there can be no assurance that the Merger will occur by that date. Either party may terminate the Merger Agreement if the Merger is not consummated within six months of the execution of the Merger Agreement. The Company expensed approximately $12,048 and $14,413 of incremental costs related to the Merger during the three and nine months ended September 29, 2019 , respectively, and these expenses are included in acquisition costs. Financing Commitment On August 5, 2019, in connection with entering into the Merger Agreement, the Company has entered into a commitment letter (the "Commitment Letter") with Apollo Capital Management, L.P. (“Apollo”) to provide a $1,792,000 first lien term loan facility (the "Acquisition Credit Facility") to fund the cash portion of the Merger consideration, refinance the existing indebtedness of both the Company and Gannett, pay fees and expenses in connection with the Merger, and to the extent of any remaining proceeds, finance ongoing working capital and other general corporate needs. The Acquisition Credit Facility will bear a fixed interest rate of 11.5% , subject to a one-year step-up to a fixed rate of 12% in the event that the closing of the Merger occurs more than six months following the date of the Commitment Letter. The Acquisition Credit Facility will have a five-year term and will be freely pre-payable without penalty. Under the terms of the Commitment Letter and its accompanying Fee Letter, the Company will pay fees of 6.5% of the principal amount of the financing at closing. The Acquisition Credit Facility is subject to negotiation of a mutually acceptable credit or loan agreement and other mutually acceptable definitive documentation, which will include certain representations and warranties, affirmative and negative covenants, financial covenants, events of default and collateral and guarantee agreements that are customarily required for similar financings. Additionally, Apollo’s obligation to provide the financing is subject to the satisfaction of specified conditions, including that the combined Company must have at least $40,000 of unrestricted cash at closing, and the accuracy of specified representations. The documentation governing the Acquisition Credit Facility has not been finalized and, accordingly, the actual terms may differ from the description in the foregoing summary of the Commitment Letter. Amended Management Agreement On August 5, 2019, in connection with the execution of the Merger Agreement, the Company and the Manager entered into the Amended and Restated Management and Advisory Agreement (the "Amended Management Agreement"). Effective upon the consummation of the Merger, the Amended Management Agreement will replace the existing Amended and Restated Management and Advisory Agreement, dated as of February 14, 2014, between the Company and the Manager. The Amended Management Agreement (i) establishes a termination date for the Manager’s services of December 31, 2021, in lieu of annual renewals of the term; (ii) reduces the “incentive fee” payable under the Amended Management Agreement for the remainder of the term; (iii) reduces by 50% the number of options that would otherwise be issuable in connection with the issuance of shares as consideration for the Merger, and imposes a premium on the exercise price; (iv) eliminates the Manager’s right to receive options in connection with future equity raises by the Company; and (v) eliminates certain payments otherwise due at or after the end of the term of the prior management agreement. In connection with entering into the Amended Management Agreement and the occurrence of the consummation of the Merger, the Company will issue to the Manager 4,205,607 shares of Company Common Stock and grant to the Manager options to acquire 3,163,265 shares of Company Common Stock. The Manager is restricted from selling the issued shares until the expiration of the Amended Management Agreement, or otherwise upon a change in control and certain other extraordinary events. The options will have an exercise price of $15.50 and become exercisable upon the first trading day immediately following the first 20 consecutive trading day period in which the closing price of the Company Common Stock (on its principal U.S. national securities exchange) is at or above $20 per share (subject to adjustment), and also upon a change in control and certain other extraordinary events. Upon expiration of the term of the Amended Management Agreement, the Manager will cease providing external management services to the Company, and the Manager will no longer be the employer of the person serving in the role of Chief Executive Officer of the combined company. 2019 Acquisitions The Company acquired substantially all the assets, properties and business of certain publications and businesses on July 2, 2019, July 1, 2019, June 21, 2019, June 14, 2019, May 31, 2019, February 11, 2019, February 2, 2019, January 31, 2019, and December 31, 2018 (“2019 Acquisitions”), which included 11 daily newspapers, 11 weekly publications, nine shoppers, a remnant advertising agency, five events production businesses, and a business community and networking platform, for an aggregate purchase price of $45,913 , including estimated working capital. The acquisitions were financed from cash on hand. The rationale for the acquisitions was primarily due to the attractive nature, as applicable, of the newspaper or event-related assets and digital platforms, and their estimated cash flows combined with the cost-saving and revenue-generating opportunities available. In the July 2, 2019 acquisition, the Company acquired a 57.9% equity interest in the acquiree, and the minority equity owners retained a 42.1% interest, which have been classified as redeemable noncontrolling interests in the accompanying financial statements. Noncontrolling interests with embedded redemption features, such as put rights, that are not solely within the control of the Company are considered redeemable noncontrolling interests and are presented outside of stockholders’ equity on the Company's Unaudited Condensed Consolidated Balance Sheets. The Company accounted for the 2019 Acquisitions using the acquisition method of accounting for those acquisitions determined to meet the definition of a business. The net assets, including goodwill, have been recorded in the consolidated balance sheet at their fair values in accordance with Accounting Standards Codification ("ASC") 805, “Business Combinations” (“ASC 805”). The fair value determination of the assets acquired and liabilities assumed are preliminary based upon all information currently available to the Company and are subject to working capital and other adjustments and the completion of valuations to determine the fair market value of the tangible and intangible assets. The final calculation of working capital and other adjustments and determination of fair values for tangible and intangible assets may result in different allocations among the various asset classes from those set forth below, and any such differences could be material. The 2019 Acquisitions that were determined to be asset acquisitions were measured at the fair value of the consideration transferred on the acquisition date. Intangible assets acquired in an asset acquisition have been recognized in accordance with ASC 350 “Intangibles - Goodwill and Other”. Goodwill is not recognized in an asset acquisition. The following table summarizes the preliminary determination of fair values of the assets and liabilities: Current assets $ 9,529 Other assets 950 Property, plant and equipment 20,492 Noncompete agreements 280 Advertiser relationships 2,357 Subscriber relationships 1,457 Customer relationships 1,323 Software 140 Trade names 299 Mastheads 2,896 Goodwill 18,644 Total assets 58,367 Current liabilities assumed 11,991 Other long-term liabilities assumed 463 Total liabilities 12,454 Net assets $ 45,913 The Company obtained third party independent valuations or performed similar calculations internally to assist in the determination of the fair values of certain assets acquired and liabilities assumed. Three basic approaches were used to determine value: the cost approach (used for equipment where an active secondary market is not available, building improvements, and software), the direct sales comparison (market) approach (used for land and equipment where an active secondary market is available) and the income approach (used for intangible assets). The weighted average amortization periods for recently acquired amortizable intangible assets are equal to or similar to the periods presented in Note 5. The Company expensed approximately $171 and $936 of incremental costs related to the 2019 Acquisitions during the three and nine months ended September 29, 2019 , respectively, and these expenses are included in acquisition costs. For tax purposes, the amount of goodwill that is expected to be deductible is $15,037 . 2018 Acquisitions The Company acquired substantially all the assets, properties and business of certain publications and businesses on November 16, 2018, November 14, 2018, October 1, 2018, August 15, 2018, July 2, 2018, June 18, 2018, June 4, 2018, May 11, 2018, May 1, 2018, April 2, 2018, March 31, 2018, March 6, 2018, February 28, 2018, February 23, 2018, and February 7, 2018 (“2018 Acquisitions”), which included seven business publications, eight daily newspapers, 16 weekly publications, one shopper, a print facility, an events production business, cloud services and digital platforms and related domains, for an aggregate purchase price of $205,785 , including estimated working capital. The acquisitions were financed from cash on hand. The rationale for the acquisitions was primarily due to the attractive nature, as applicable, of the newspaper assets and digital platforms, and their estimated cash flows combined with the cost-saving and revenue-generating opportunities available. In the August 15, 2018 acquisition, the Company acquired an 80% equity interest in the acquiree, and the minority equity owners retained a 20% interest, which have been classified as redeemable noncontrolling interests in the accompanying financial statements. Noncontrolling interests with embedded redemption features, such as put rights, that are not solely within the control of the Company are considered redeemable noncontrolling interests and are presented outside of stockholders’ equity on the Company's Unaudited Condensed Consolidated Balance Sheets. The Company accounted for the 2018 Acquisitions using the acquisition method of accounting for those acquisitions determined to meet the definition of a business. The net assets, including goodwill, have been recorded in the consolidated balance sheet at their fair values in accordance with ASC 805. The fair value determination of the assets acquired and liabilities assumed are preliminary based upon all information currently available to the Company and are subject to working capital and other adjustments and the completion of valuations to determine the fair market value of the tangible and intangible assets. The final calculation of working capital and other adjustments and determination of fair values for tangible and intangible assets may result in different allocations among the various asset classes from those set forth below and any such differences could be material. During the nine months ended September 29, 2019 , the Company recorded adjustments to the recorded fair values of the assets acquired and liabilities assumed in the 2018 acquisitions. The recorded amount of net assets acquired was increased by $65 , while the recorded balances of property, plant and equipment, goodwill and current liabilities were decreased by $267 , $847 and $1,179 , respectively.

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Sep. 29, 2019
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	(3) Share-Based Compensation The Company recognized compensation cost for share-based payments of $691 , $667 , $2,534 and $2,499 during the three and nine months ended September 29, 2019 and September 30, 2018 , respectively. The total compensation cost not yet recognized related to non-vested Restricted Stock Grants (“RSGs”) pursuant to the Company’s Nonqualified Stock Option and Incentive Award Plan as of September 29, 2019 was $4,919 , which is expected to be recognized over a weighted average period of 1.99 years through July 2022 . As of September 29, 2019 , the aggregate intrinsic value of unvested RSGs was $3,985 . RSG activity during the nine months ended September 29, 2019 was as follows: Number of RSGs Weighted-Average Grant Date Fair Value Unvested at December 30, 2018 384,471 $ 16.11 Granted 299,610 13.64 Vested (167,393 ) 15.95 Forfeited (70,459 ) 15.26 Unvested at September 29, 2019 446,229 $ 14.65 Under FASB ASC Topic 718, “Compensation – Stock Compensation”, the Company elected to recognize share-based compensation expense for the number of awards that are ultimately expected to vest. The Company’s estimated forfeitures are based on historical forfeiture rates. Estimated forfeitures are reassessed periodically, and the estimate may change based on new facts and circumstances.

Restructuring

Restructuring	9 Months Ended
	Sep. 29, 2019
Restructuring and Related Activities [Abstract]
Restructuring	(4) Restructuring Over the past several years, in furtherance of the Company’s cost-reduction and cash-preservation plans outlined in Note 1, the Company has engaged in a series of individual restructuring programs, designed primarily to right-size the Company’s employee base, consolidate facilities and improve operations, including those of recently acquired entities. These initiatives impact all of the Company’s operations and are often influenced by the terms of union contracts. All costs related to these programs, which primarily include severance expense, are accrued at the time of the program announcement or over the remaining service period. Severance-related expenses Accrued restructuring costs are included in accrued expenses on the Unaudited Condensed Consolidated Balance Sheets. The activity in accrued restructuring costs for the nine months ended September 29, 2019 was as follows: Severance and Related Costs Other Costs (1) Total Balance at December 30, 2018 $ 2,554 $ 346 $ 2,900 Restructuring provision included in Integration and Reorganization 8,221 1,281 9,502 Cash payments (8,403 ) (1,097 ) (9,500 ) Balance at September 29, 2019 $ 2,372 $ 530 $ 2,902 (1) Other costs primarily include costs to consolidate operations. The majority of the accrued restructuring reserve balance is expected to be paid out over the next twelve months. Facility consolidation charges and accelerated depreciation During the nine months ended September 29, 2019 , the Company ceased operations of three print publications and twelve print facilities as part of the ongoing cost reduction programs. As a result, the Company recognized an impairment charge related to retired equipment of $2,469 , a loss on disposal of assets related to retired equipment of $168 and intangibles of $405 , and accelerated depreciation of $4,802 during the nine months ended September 29, 2019 . During the nine months ended September 30, 2018 , the Company ceased operations of seven print publications and six printing operations as part of the ongoing cost reduction programs. As a result, the Company recognized an impairment charge related to retired equipment of $503 and intangibles of $618 and accelerated depreciation of $3,601 during the nine months ended September 30, 2018 .

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Sep. 29, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	(5) Goodwill and Intangible Assets Goodwill and intangible assets consisted of the following: September 29, 2019 Gross carrying amount Accumulated amortization Net carrying amount Amortized intangible assets: Advertiser relationships $ 260,979 $ 66,882 $ 194,097 Customer relationships 45,774 12,082 33,692 Subscriber relationships 154,901 40,171 114,730 Other intangible assets 14,122 9,251 4,871 Total $ 475,776 $ 128,386 $ 347,390 Nonamortized intangible assets: Goodwill $ 328,488 Mastheads 117,673 Total $ 446,161 December 30, 2018 Gross carrying Accumulated Net carrying Amortized intangible assets: Advertiser relationships $ 260,142 $ 53,477 $ 206,665 Customer relationships 44,630 8,704 35,926 Subscriber relationships 153,923 31,560 122,363 Other intangible assets 13,046 7,802 5,244 Total $ 471,741 $ 101,543 $ 370,198 Nonamortized intangible assets: Goodwill $ 310,737 Mastheads 115,856 Total $ 426,593 As of September 29, 2019 , the weighted average amortization periods for amortizable intangible assets are 14.4 years for advertiser relationships, 12.2 years for customer relationships, 13.5 years for subscriber relationships and 5.2 years for other intangible assets. The weighted average amortization period in total for all amortizable intangible assets is 13.6 years. Amortization expense for the three and nine months ended September 29, 2019 and September 30, 2018 was $8,976 , $9,520 , $27,324 and $24,852 , respectively. Estimated future amortization expense as of September 29, 2019 , is as follows: For the following fiscal years: 2019 (three months remaining) $ 8,939 2020 35,685 2021 35,496 2022 34,509 2023 34,126 Thereafter 198,635 Total $ 347,390 The changes in the carrying amount of goodwill for the period from December 30, 2018 to September 29, 2019 were as follows: Balance at December 30, 2018, net of accumulated impairments of $25,641 $ 310,737 Goodwill acquired in business combinations 18,644 Measurement period adjustments (851 ) Goodwill of disposed publication (42 ) Balance at September 29, 2019, net of accumulated impairments of $25,641 $ 328,488 The Company’s annual impairment assessment is made on the last day of its fiscal second quarter. The carrying values of goodwill and indefinite-lived intangible assets are evaluated for possible impairment on an annual basis or between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit or indefinite-lived intangible asset below its carrying value. If the fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is considered not impaired. If the carrying amount of a reporting unit exceeds its fair value, an impairment loss shall be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. The Company performed its 2019 annual assessment for possible impairment of the carrying value of goodwill and indefinite-lived intangibles as of June 30, 2019. The fair value of the Company's reporting units, including Newspapers and BridgeTower, which include newspaper mastheads, were estimated using the expected present value of future cash flows, recent industry multiples and using estimates, judgments and assumptions that management believes were appropriate in the circumstances. The estimates and judgments used in the assessment included multiples for EBITDA, the weighted average cost of capital and the terminal growth rate. The Company determined that the future cash flow and industry multiple analysis provided the best estimate of the fair value of its reporting units. Key assumptions in the impairment analysis include revenue and EBITDA projections, discount rates, long-term growth rates and the effective tax rate that the Company determined to be appropriate. Revenue projections reflected slight declines in the current and next year, and revenues are expected to moderate to a terminal growth rate of 0.5% . The discount rate was 17% and the effective tax rate was 27% . The fair value of the Newspaper reporting unit exceeded the carrying value by less than 10% . The total Company’s estimate of reporting unit fair values was reconciled to its market capitalization (based upon the stock market price and fair value of debt) plus an estimated control premium. The Company uses a “relief from royalty” approach, a discounted cash flow model, to determine the fair value of its indefinite-lived intangible assets. The estimated fair value equaled or exceeded carrying value for mastheads. The fair value of mastheads exceeded carrying value by less than 10% for the central and east regions. Key assumptions within the masthead analysis included revenue projections, discount rates, royalty rates, long-term growth rates and the effective tax rate that the Company determined to be appropriate. Revenue projections reflected declines in the current and next year, and revenues are expected to moderate to a terminal growth rate of 0.5% for Newspapers and 1% for BridgeTower. Discount rates ranged from 16.5% to 17% , royalty rates ranged from 1.5% to 1.75% , and the effective tax rate was 27% . As of September 29, 2019, the Company performed a review of potential impairment indicators noting that its financial results and forecast have not changed materially since the annual impairment assessment, and it was determined that no indicators of impairment were present. The newspaper industry and the Company have experienced declining same-store revenue and profitability over the past several years. Should general economic, market or business conditions decline and have a negative impact on estimates of future cash flow and market transaction multiples, the Company may be required to record impairment charges in the future.

Leases

Leases	9 Months Ended
	Sep. 29, 2019
Leases [Abstract]
Leases	(6) Leases Adoption Effective December 31, 2018, the Company adopted FASB ASU 2016-02, “Leases (Topic 842)” using the modified retrospective method at the adoption date. In addition, the Company elected the package of practical expedients permitted under the transition guidance within the new standard. This allowed us to carry-forward the historical lease classification. The Company elected to make the accounting policy election for short-term leases resulting in lease payments being recorded as an expense on a straight-line basis over the lease term. The Company also adopted this approach for individually insignificant operating leases. Also, the Company elected to not separate lease and non-lease components for leases. Adoption of this standard resulted in the recording of net operating lease right-of-use assets of $102,512 and corresponding operating lease liabilities of $109,230 . The Company's financial position for reporting periods beginning on or after December 31, 2018 is presented under the new guidance, while prior period amounts are not adjusted and continue to be reported in accordance with previous guidance. A significant portion of our operating lease portfolio includes office space, distribution centers, press facilities, office equipment, and vehicles. The majority of our leases have remaining lease terms of 1 year to 10 years, some of which include options to extend the leases. As of September 29, 2019 , the Company has an additional obligation of approximately $6,053 for future payments related to operating leases that have not yet commenced. Total lease expense consists of the following: Three months ended Nine months ended September 29, 2019 September 29, 2019 Operating lease expense related to right-of-use assets $ 7,000 $ 19,904 Other operating lease expense 1,392 5,623 Sublease income (551 ) (1,717 ) Total lease expense $ 7,841 $ 23,810 Supplemental information related to leases was as follows: Three months ended Nine months ended September 29, 2019 September 29, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 6,699 $ 18,899 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 3,659 $ 121,154 Supplemental balance sheet information related to leases was as follows: September 29, 2019 Operating leases: Operating lease right-of-use assets, net $ 109,152 Current portion of operating lease liabilities $ 15,132 Long-term operating lease liabilities 101,710 Total operating lease liabilities $ 116,842 Weighted-average remaining lease term 8.6 years Weighted-average discount rate 10.54 % As of September 29, 2019 , maturities of lease liabilities were as follows: 2019 (three months remaining) $ 6,840 2020 25,899 2021 24,179 2022 20,836 2023 17,150 Thereafter 87,513 Total lease payments 182,417 Less: interest (65,575 ) Present value of lease liabilities $ 116,842

Indebtedness

Indebtedness	9 Months Ended
	Sep. 29, 2019
Debt Disclosure [Abstract]
Indebtedness	(7) Indebtedness New Media Credit Agreement The Company, through its wholly-owned subsidiary New Media Holdings II LLC (the “New Media Borrower”) maintains secured credit facilities (the “Credit Facilities”) under an agreement (the “New Media Credit Agreement”) with a syndication of lenders, including a term loan facility and a revolving credit facility. The term loan facility expires on July 14, 2022, and the revolving credit facility expires on July 14, 2021 . Maximum borrowings under the revolving credit facility, including letters of credit, total $40,000 . As of September 29, 2019 , there were outstanding borrowings against the term loan facility and revolving credit facility totaling $433,961 and $8,000 , respectively. As of December 30, 2018, there were outstanding borrowings against the term loan facility and revolving credit facility totaling $437,257 and $0 , respectively. As of September 29, 2019 , there were $495 letters of credit issued against the revolving credit facility and the Company had $31,505 of borrowing availability under the revolving credit facility. Borrowings under the term loan facility bear interest, at the New Media Borrower’s option, at a rate equal to either (i) an adjusted Eurodollar rate (subject to a floor of 1.00% ), plus an applicable margin equal to 6.25% per annum or (ii) an adjusted base rate (subject to a floor of 2.00% ), plus an applicable margin equal to 5.25% per annum. The New Media Borrower currently uses the Eurodollar rate option. Borrowings under the revolving credit facility bear interest, at the New Media Borrower’s option, at a rate equal to either (i) an adjusted Eurodollar rate, plus an applicable margin equal to 5.25% per annum or (ii) an adjusted base rate, plus an applicable margin equal to 4.25% per annum, with a step down based on achievement of a certain total leverage ratio. The New Media Borrower currently uses the Eurodollar rate option. As of September 29, 2019 , the New Media Credit Agreement had a weighted average interest rate of 8.56% . The Credit Facilities are unconditionally guaranteed by New Media Holdings I LLC (“Holdings I”), a wholly-owned subsidiary of New Media and the parent of the New Media Borrower, as well as by certain subsidiaries of the New Media Borrower (collectively, the “Guarantors”) and are required to be guaranteed by all future material wholly-owned domestic subsidiaries, subject to certain exceptions. All obligations under the Credit Facilities are secured, subject to certain exceptions, by substantially all of the New Media Borrower’s assets and the assets of the Guarantors. Repayments made under the term loans are equal to 1% annually of the original principal amount in equal quarterly installments for the life of the term loans, with the remainder due at maturity. The New Media Borrower is permitted to make voluntary prepayments at any time without premium or penalty, except in the case of prepayments made in connection with certain repricing transactions with respect to the term loans effected within six months of November 28, 2018, to which a 1.00% prepayment premium applies. The New Media Credit Agreement contains customary representations and warranties and affirmative covenants and negative covenants applicable to Holdings I, the New Media Borrower and the New Media Borrower's subsidiaries, including, among other things, restrictions on indebtedness, liens, investments, fundamental changes, dispositions, dividends and other distributions, and events of default. The New Media Credit Agreement contains a financial covenant that requires Holdings I, the New Media Borrower and the New Media Borrower’s subsidiaries to maintain a maximum total leverage ratio of 3.25 to 1.00. As of September 29, 2019 , the Company is in compliance with all of the covenants and obligations under the New Media Credit Agreement. Halifax Alabama Credit Agreement In connection with the purchase of the assets of Halifax Media in 2015, the Company assumed obligations of Halifax Media including the amount owing ( $8,000 at that time) under the credit agreement dated June 18, 2013 between Halifax Alabama, LLC and Southeast Community Development Fund V, LLC. This debt bore interest at an annual rate of 2% and was repaid in full on April 1, 2019. Fair Value The fair value of long-term debt was estimated at $441,961 as of September 29, 2019 , based on discounted future contractual cash flows and a market interest rate adjusted for necessary risks, including the Company’s own credit risk as there are no rates currently observable in publicly traded debt markets of similar risk, terms and average maturities. Accordingly, the Company’s long-term debt under the Credit Facilities is classified within Level 3 of the fair value hierarchy. Payment Schedule As of September 29, 2019 , scheduled principal payments of outstanding debt are as follows: 2019 (three months remaining) $ 1,099 2020 4,395 2021 12,395 2022 424,072 441,961 Less: Current 4,395 Unamortized original issue discount 1,457 Deferred financing costs 2,391 Long-term debt $ 433,718

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 29, 2019
Related Party Transactions [Abstract]
Related Party Transactions	(8) Related Party Transactions As of September 29, 2019 , the Company’s manager, FIG LLC (the “Manager”), which is an affiliate of Fortress Investment Group LLC ("Fortress"), and its affiliates owned approximately 1.1% of the Company’s outstanding stock and approximately 39.5% of the Company’s outstanding warrants. The Manager and its affiliates hold 2,904,811 stock options of the Company’s common stock as of September 29, 2019 . During the three and nine months ended September 29, 2019 and September 30, 2018 , Fortress and its affiliates were paid $244 , $238 , $733 and $728 in dividends, respectively. The Company’s Chairman and Chief Executive Officer is an employee of Fortress (or one of its affiliates), and his salary is paid by Fortress (or one of its affiliates). Management Agreement On November 26, 2013, the Company entered into a management agreement with the Manager (as amended and restated, the “Management Agreement”). The Management Agreement requires the Manager to manage the Company’s business affairs, subject to the supervision of the Company’s board of directors (the “Board of Directors” or “Board”). The Management Agreement had an initial three-year term and will be automatically renewed for one-year terms thereafter unless terminated either by the Company or the Manager. The Manager is (a) entitled to receive from the Company a management fee, (b) eligible to receive incentive compensation that is based on the Company’s performance and (c) eligible to receive options to purchase New Media Common Stock upon the successful completion of an offering of shares of the Company’s Common Stock or any shares of preferred stock with an exercise price equal to the price per share paid by the public or other ultimate purchaser in the offering (see Note 10). In addition, the Company is obligated to reimburse certain expenses incurred by the Manager. The Manager is also entitled to receive a termination fee from the Company under certain circumstances. On August 5, 2019, in connection with entering into the Merger Agreement, the Company and the Manager have amended the Management Agreement, effective as of (and only upon) the consummation of the agreement. Refer to Note 2 for further information regarding the Amended Management Agreement. The following provides the management and incentive fees recognized and paid to the Manager for the three and nine months ended September 29, 2019 and September 30, 2018 : Three months ended Nine months ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Management fee expense $ 2,456 $ 2,783 $ 7,368 $ 7,890 Incentive fee expense — — 1,455 5,755 Management fees paid 2,456 2,783 8,623 9,619 Incentive fees paid 1,455 4,802 6,675 14,129 Reimbursement for expenses 774 833 2,000 1,892 The Company had an outstanding liability for all management agreement related fees of $3,405 and $10,696 at September 29, 2019 and December 30, 2018 , respectively, included in accrued expenses.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 29, 2019
Income Tax Disclosure [Abstract]
Income Taxes	(9) Income Taxes Income tax expense includes Federal and state income taxes and interest and penalties on uncertain tax positions. Certain income and expenses are not reported in tax returns and financial statements in the same year. The tax effect of such temporary differences is reported as deferred income taxes. Deferred tax assets are reported net of a full valuation allowance since it is more likely than not that a tax benefit will not be realized. The Company recorded an income tax expense of $7,226 and $4,929 (excluding the minority interest) for the three and nine months ended September 29, 2019 , respectively, and an income tax benefit of $239 and expense of $2,591 for the three and nine months ended September 30, 2018 , respectively. The annual effective tax rate for the nine months ended September 29,2019 was determined to not be an effective method to determine the tax expense for that period. Therefore, the Company calculated its tax provision based upon year-to-date results. The projected effective tax rate was approximately 33% for the nine months ended September 30, 2018 . The Company's tax provision is primarily attributable to indefinite lived deferred tax liabilities which cannot be offset by deferred tax assets and projected current state taxes. The Company performs a quarterly assessment of its deferred tax assets and liabilities. ASC Topic 740, “Income Taxes” (“ASC 740”) limits the ability to use future taxable income to support the realization of deferred tax assets when a company has experienced a history of losses even if future taxable income were supported by detailed forecasts and projections. In assessing the realizability of deferred tax assets, the Company considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences are projected to become deductible. The Company considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. The Company concluded that during the nine months ended September 29, 2019 , a net increase to the valuation allowance of $2,602 is necessary to offset additional deferred tax assets (primarily the tax benefit of the net operating loss). All of this amount was recognized through the Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss. The realization of the remaining deferred tax assets is primarily dependent on their scheduled reversals. Any changes to deferred taxes may require an additional valuation allowance. Any increase or decrease in the valuation allowance could result in an increase or decrease in income tax expense in the period of adjustment. The computation of the annual expected effective tax rate at each interim period requires certain estimates and assumptions including, but not limited to, the expected operating (loss) income for the year, projections of the proportion of income or loss, permanent and temporary differences, and an assessment of the likelihood of recovering deferred tax assets generated in the current year. The accounting estimates used to compute the provision for income taxes may change as new events occur, more experience is acquired, or as additional information is obtained. For the nine months ended September 29, 2019 , the difference between the expected tax benefit (excluding the minority interest) of $4,163 , at the statutory rate of 21% , and the recorded tax expense of $4,929 is primarily attributable to the tax effect of the federal valuation allowance, state taxes and non-deductible expenses.

Equity

Equity	9 Months Ended
	Sep. 29, 2019
Equity [Abstract]
Equity [Text Block]	(10) Equity (Loss) Income Per Share The following table sets forth the computation of basic and diluted (loss) income per share (“EPS”): Three months ended Nine months ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Numerator for (loss) income per share calculation: Net (loss) income attributable to New Media $ (18,463 ) $ (6,105 ) $ (24,754 ) $ 4,937 Denominator for (loss) income per share calculation: Basic weighted average shares outstanding 60,033,999 59,919,246 60,009,927 57,377,682 Effect of dilutive securities: Stock options and restricted stock — — — 447,628 Diluted weighted average shares outstanding 60,033,999 59,919,246 60,009,927 57,825,310 The Company excluded the following securities from the computation of diluted (loss) income per share because their effect would have been antidilutive: Three months ended Nine months ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Stock warrants 1,362,479 1,362,479 1,362,479 1,362,479 Stock options 2,904,811 2,904,811 2,904,811 700,000 Unvested restricted stock 446,229 376,570 446,229 — Equity On May 17, 2017, the Board of Directors authorized the repurchase of up to $100,000 of the Company's common stock (“Share Repurchase Program”) over the next 12 months . The Board of Directors has authorized extensions of the Share Repurchase Program through May 19, 2020. Under the Share Repurchase Program, the Company may purchase its shares from time to time in the open market or in privately negotiated transactions. Pursuant to the anti-dilution provisions of the Incentive Plan, the exercise price on the 652,311 remaining options granted to the Manager in 2014 were equitably adjusted during the three months ended March 31, 2019 from $ 12.95 to $11.46 as a result of return of capital distributions. Pursuant to the anti-dilution provisions of the Incentive Plan, the exercise price on the 700,000 options granted to the Manager in 2015 were equitably adjusted during the three months ended March 31, 2019 from $18.94 to $17.45 as a result of return of capital distributions. Pursuant to the anti-dilution provisions of the Incentive Plan, the exercise price on the 862,500 options granted to the Manager in 2016 were equitably adjusted during the three months ended March 31, 2019 from $ 13.24 to $ 11.75 as a result of return of capital distributions. Pursuant to the anti-dilution provisions of the Incentive Plan, the exercise price on the 690,000 options granted to the Manager in 2018 were equitably adjusted during the three months ended March 31, 2019 from $16.45 to $14.96 as a result of return of capital distributions. The following table includes additional information regarding the Manager stock options: Number of Options Weighted-Average Grant Date Fair Value Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (Years) Aggregate Intrinsic Value ($000) Outstanding at December 30, 2018 2,904,811 $ 3.59 $ 15.31 7.3 $ — Outstanding at September 29, 2019 2,904,811 $ 3.59 $ 13.82 6.6 $ — Exercisable at September 29, 2019 2,605,811 $ 13.69 6.3 $ — Accumulated Other Comprehensive Loss The changes in accumulated other comprehensive loss by component for the nine months ended September 29, 2019 and September 30, 2018 are outlined below. Net actuarial loss and prior service cost (1) For the nine months ended September 29, 2019: Balance at December 30, 2018 $ (6,881 ) Other comprehensive income before reclassifications — Amounts reclassified from accumulated other comprehensive loss (90 ) Net current period other comprehensive loss, net of taxes (90 ) Balance at September 29, 2019 $ (6,971 ) For the nine months ended September 30, 2018: Balance at December 31, 2017 $ (5,461 ) Amounts reclassified from accumulated other comprehensive loss (202 ) Balance at September 30, 2018 $ (5,663 ) (1) This accumulated other comprehensive loss component is included in the computation of net periodic benefit. See Note 12. The following table presents reclassifications out of accumulated other comprehensive loss for the three and nine months ended September 29, 2019 and September 30, 2018 . Amounts Reclassified from Accumulated Other Comprehensive Loss Affected Line Item in the Three months ended Nine months ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Amortization of unrecognized gain $ (30 ) $ (67 ) $ (90 ) $ (202 ) (1) Amounts reclassified from accumulated other comprehensive loss (30 ) (67 ) (90 ) (202 ) (Loss) income before income taxes Income tax expense — — — — Income tax expense (benefit) Amounts reclassified from accumulated other comprehensive loss, net of taxes $ (30 ) $ (67 ) $ (90 ) $ (202 ) Net (loss) income (1) This accumulated other comprehensive loss component is included in the computation of net periodic benefit. See Note 12. Dividends During the nine months ended September 30, 2018 , the Company paid dividends of $1.11 per share of Common Stock of New Media. During the nine months ended September 29, 2019 , the Company paid dividends of $1.14 per share of Common Stock of New Media.

Deferred Revenue

Deferred Revenue	9 Months Ended
	Sep. 29, 2019
Revenue Recognition [Abstract]
Deferred Revenue Disclosure [Text Block]	(11) Deferred Revenue Changes in deferred revenue were as follows: Circulation Advertising Other Total Nine months ended September 29, 2019 Balance at December 30, 2018 $ 82,645 $ 9,107 $ 13,435 $ 105,187 Acquired deferred revenue 6,669 — 3,920 10,589 Cash receipts, net of refunds 324,296 22,758 50,505 397,559 Revenue recognized (331,038 ) (20,466 ) (43,994 ) (395,498 ) Balance at September 29, 2019 $ 82,572 $ 11,399 $ 23,866 $ 117,837 Nine months ended September 30, 2018 Balance at December 31, 2017 $ 73,874 $ 6,615 $ 7,675 $ 88,164 Acquired deferred revenue 14,654 312 5,445 20,411 Cash receipts, net of refunds 282,769 17,340 30,899 331,008 Revenue recognized (290,234 ) (15,393 ) (30,507 ) (336,134 ) Balance at September 30, 2018 $ 81,063 $ 8,874 $ 13,512 $ 103,449 The Company records deferred revenue when cash payments are received in advance of the Company’s performance. The most significant unsatisfied performance obligation is the delivery of publications to subscription customers. The Company expects to recognize the revenue related to unsatisfied performance obligations over the next three to twelve months in accordance with the terms of the subscriptions. The increase in deferred revenue balance for the nine months ended September 29, 2019 is primarily driven by acquisitions and the timing of company-sponsored events.

Pension and Postretirement Bene

Pension and Postretirement Benefits	9 Months Ended
	Sep. 29, 2019
Retirement Benefits [Abstract]
Pension and Postretirement Benefits	(12) Pension and Postretirement Benefits As a result of the Enterprise News Media LLC (in 2005), Copley Press, Inc. (in 2007), and Times Publishing Company (in 2016) acquisitions, the Company maintains two pension and several postretirement medical and life insurance plans which cover certain employees. The Company uses the accrued benefit actuarial method and best estimate assumptions to determine pension costs, liabilities and other pension information for defined benefit plans. Amounts related to the postretirement benefit plans are immaterial. The George W. Prescott Company pension plan, assumed in the Enterprise News Media, LLC acquisition, was amended to freeze all future benefit accruals by December 31, 2008, except for a select group of union employees whose benefits were frozen during 2009. The Times Publishing Company pension plan was frozen prior to the acquisition. The following provides information on the pension plans for the three and nine months ended September 29, 2019 and September 30, 2018 : Three months ended Nine months ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Components of net periodic benefit: Service cost $ 159 $ 150 $ 476 $ 450 Interest cost 736 700 2,210 2,099 Expected return on plan assets (967 ) (1,062 ) (2,902 ) (3,186 ) Amortization of unrecognized loss 39 67 117 202 Net periodic benefit $ (33 ) $ (145 ) $ (99 ) $ (435 ) The service cost component of net periodic benefit is included within Operating Costs and the other components are included within Other Income in the Company’s Condensed Consolidated Statements of Operations and Comprehensive Loss. During the three and nine months ended September 29, 2019 , the Company made contributions totaling $364 and $764 into the pension plans, respectively. The Company expects to pay an additional $202 in employer contributions to the pension plans during the remainder of 2019 .

Fair Value Measurement

Fair Value Measurement	9 Months Ended
	Sep. 29, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurement	(13) Fair Value Measurement The Company measures and records in the accompanying condensed consolidated financial statements certain assets and liabilities at fair value on a recurring basis. ASC Topic 820 “Fair Value Measurements and Disclosures” establishes a fair value hierarchy for those instruments measured at fair value that distinguishes between assumptions based on market data (observable inputs) and the Company’s own assumptions (unobservable inputs). These inputs are prioritized as follows: • Level 1: Observable inputs such as quoted prices in active markets for identical assets or liabilities; • Level 2: Inputs other than quoted prices included within Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities or market corroborated inputs; and • Level 3: Unobservable inputs for which there is little or no market data and which require the Company to develop their own assumptions about how market participants price the asset or liability. The valuation techniques that may be used to measure fair value are as follows: • Market approach – Uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities; • Income approach – Uses valuation techniques to convert future amounts to a single present amount based on current market expectation about those future amounts; • Cost approach – Based on the amount that currently would be required to replace the service capacity of an asset (replacement cost). The following table provides information for the Company’s major categories of financial assets and liabilities measured or disclosed at fair value on a recurring basis: Fair Value Measurements at Reporting Date Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fair Value Measurements As of September 29, 2019 Assets Cash and cash equivalents $ 28,641 $ — $ — $ 28,641 Restricted cash 3,128 — — 3,128 Total $ 31,769 $ — $ — $ 31,769 Liabilities Contingent consideration $ — $ — $ 1,963 $ 1,963 Redeemable noncontrolling interests $ — $ — $ 593 $ 593 As of December 30, 2018 Assets Cash and cash equivalents $ 48,651 $ — $ — $ 48,651 Restricted cash 4,119 — — 4,119 Total $ 52,770 $ — $ — $ 52,770 Liabilities Contingent consideration $ — $ — $ 3,256 $ 3,256 Redeemable noncontrolling interests $ — $ — $ 1,547 $ 1,547 Contingent consideration relates to certain of the Company’s 2018 Acquisitions and is primarily payable to the sellers based on the passage of time or as a component of earnings above an agreed-upon target as detailed in the applicable purchase agreements. The decrease in contingent consideration since December 30, 2018 is the result of a measurement period adjustment. Redeemable Noncontrolling Interests The Company accounts for the redeemable noncontrolling interests in accordance with ASC 480-10-S99-3A, “Distinguishing Liabilities from Equity”, because the exercise is outside the control of the Company. The redeemable noncontrolling interests recorded at fair value are put arrangements held by the noncontrolling interests in the Company’s majority-owned events companies. The changes in redeemable noncontrolling interests classified as Level 3 measurements were as follows: Nine months ended Year Ended September 29, 2019 December 30, 2018 Beginning balance $ 1,547 $ — Purchases (1) — 1,636 Net loss (954 ) (89 ) Ending balance $ 593 $ 1,547 (1) Refer to Note 2. Certain assets are measured at fair value on a nonrecurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments only in certain circumstances (for example, when there is evidence of impairment). For the 2019 Acquisitions and 2018 Acquisitions, the Company recorded the assets and liabilities under the acquisition method of accounting. Accordingly, the assets acquired and liabilities assumed were recorded at their fair value. Property, plant and equipment was valued using Level 2 inputs, and intangible assets were valued using Level 3 inputs. Refer to Note 2 for discussion of the valuation techniques, significant inputs, assumptions utilized, and the fair value recognized. Refer to Note 7 for the discussion on the fair value of the Company’s total long-term debt.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 29, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	(14) Commitments and Contingencies The Company is and may become involved from time to time in legal proceedings in the ordinary course of its business, including but not limited to with respect to such matters as libel, invasion of privacy, intellectual property infringement, wrongful termination actions and complaints alleging employment discrimination, and regulatory investigations and inquiries. In addition, the Company is involved from time to time in governmental and administrative proceedings concerning employment, labor, environmental and other claims. Insurance coverage mitigates potential loss for certain of these matters. Historically, such claims and proceedings have not had a material adverse effect on the Company’s condensed consolidated results of operations or financial position. Although the Company is unable to predict with certainty the eventual outcome of any litigation, regulatory investigation or inquiry, in the opinion of management, the Company does not expect its current and any threatened legal proceedings to have a material adverse effect on the Company’s business, financial position or consolidated results of operations. Given the inherent unpredictability of these types of proceedings, however, it is possible that future adverse outcomes could have a material effect on the Company’s financial results. Restricted cash of $3,128 and $4,119 at September 29, 2019 and December 30, 2018 , respectively, was primarily held as cash collateral for certain business operations.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 29, 2019
Subsequent Events [Abstract]
Subsequent Events	(15) Subsequent Events Dividends On October 16, 2019, the Company announced a third quarter 2019 cash dividend of $0.38 per share of Common Stock, par value $0.01 per share, of New Media. The dividend will be paid on November 12, 2019 to shareholders of record as of the close of business on November 1, 2019 .

Unaudited Financial Statements

Unaudited Financial Statements (Policies)	9 Months Ended
	Sep. 29, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Reclassifications	Reclassifications Certain prior period amounts in the condensed consolidated financial statements have been reclassified to conform to the current year presentation.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02 (“ASU 2016-02”), “Leases (Topic 842)”, which revised the accounting related to lease accounting for both lessees and lessors. Under the new guidance, lessees are required to recognize a lease liability and a right-of-use asset on the balance sheet for all leases with terms greater than twelve months. Leases are classified as either finance or operating, with classification affecting the classification of expense recognition in the income statement. As permitted under the transition guidance, we have carried forward the assessment of whether our contracts contain or are leases, classification of our leases and remaining lease terms. Refer to Note 6 for further discussion. In February 2018, the FASB issued ASU 2018-02, “Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (“AOCI”)”. This ASU provides entities the option to reclassify tax effects to retained earnings from AOCI which are impacted by the Tax Cuts and Jobs Act (“TCJA”). The ASU is effective for fiscal years beginning after December 15, 2018 but early adoption is permitted. The Company has a full valuation allowance for all tax benefits related to AOCI, and therefore, there are no tax effects to be reclassified to retained earnings. All other issued and not yet effective accounting standards are not relevant to the Company.

Leases (Policies)

Leases (Policies)	9 Months Ended
	Sep. 29, 2019
Leases [Abstract]
Leases	Effective December 31, 2018, the Company adopted FASB ASU 2016-02, “Leases (Topic 842)” using the modified retrospective method at the adoption date. In addition, the Company elected the package of practical expedients permitted under the transition guidance within the new standard. This allowed us to carry-forward the historical lease classification. The Company elected to make the accounting policy election for short-term leases resulting in lease payments being recorded as an expense on a straight-line basis over the lease term. The Company also adopted this approach for individually insignificant operating leases. Also, the Company elected to not separate lease and non-lease components for leases. Adoption of this standard resulted in the recording of net operating lease right-of-use assets of $102,512 and corresponding operating lease liabilities of $109,230 . The Company's financial position for reporting periods beginning on or after December 31, 2018 is presented under the new guidance, while prior period amounts are not adjusted and continue to be reported in accordance with previous guidance.

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 29, 2019
2019 Acquisitions [Member]
Business Acquisition [Line Items]
Schedule of Assets Acquired and Liabilities Assumed	The following table summarizes the preliminary determination of fair values of the assets and liabilities: Current assets $ 9,529 Other assets 950 Property, plant and equipment 20,492 Noncompete agreements 280 Advertiser relationships 2,357 Subscriber relationships 1,457 Customer relationships 1,323 Software 140 Trade names 299 Mastheads 2,896 Goodwill 18,644 Total assets 58,367 Current liabilities assumed 11,991 Other long-term liabilities assumed 463 Total liabilities 12,454 Net assets $ 45,913

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Sep. 29, 2019
Share-based Payment Arrangement [Abstract]
RSG Activity	RSG activity during the nine months ended September 29, 2019 was as follows: Number of RSGs Weighted-Average Grant Date Fair Value Unvested at December 30, 2018 384,471 $ 16.11 Granted 299,610 13.64 Vested (167,393 ) 15.95 Forfeited (70,459 ) 15.26 Unvested at September 29, 2019 446,229 $ 14.65

Restructuring (Tables)

Restructuring (Tables)	9 Months Ended
	Sep. 29, 2019
Restructuring and Related Activities [Abstract]
Restructuring Program Activity	The activity in accrued restructuring costs for the nine months ended September 29, 2019 was as follows: Severance and Related Costs Other Costs (1) Total Balance at December 30, 2018 $ 2,554 $ 346 $ 2,900 Restructuring provision included in Integration and Reorganization 8,221 1,281 9,502 Cash payments (8,403 ) (1,097 ) (9,500 ) Balance at September 29, 2019 $ 2,372 $ 530 $ 2,902 (1) Other costs primarily include costs to consolidate operations.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 29, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill and Intangible Assets	Goodwill and intangible assets consisted of the following: September 29, 2019 Gross carrying amount Accumulated amortization Net carrying amount Amortized intangible assets: Advertiser relationships $ 260,979 $ 66,882 $ 194,097 Customer relationships 45,774 12,082 33,692 Subscriber relationships 154,901 40,171 114,730 Other intangible assets 14,122 9,251 4,871 Total $ 475,776 $ 128,386 $ 347,390 Nonamortized intangible assets: Goodwill $ 328,488 Mastheads 117,673 Total $ 446,161 December 30, 2018 Gross carrying Accumulated Net carrying Amortized intangible assets: Advertiser relationships $ 260,142 $ 53,477 $ 206,665 Customer relationships 44,630 8,704 35,926 Subscriber relationships 153,923 31,560 122,363 Other intangible assets 13,046 7,802 5,244 Total $ 471,741 $ 101,543 $ 370,198 Nonamortized intangible assets: Goodwill $ 310,737 Mastheads 115,856 Total $ 426,593
Intangible Assets Future Amortization Expense	Estimated future amortization expense as of September 29, 2019 , is as follows: For the following fiscal years: 2019 (three months remaining) $ 8,939 2020 35,685 2021 35,496 2022 34,509 2023 34,126 Thereafter 198,635 Total $ 347,390
Summary of the Change in Goodwill	The changes in the carrying amount of goodwill for the period from December 30, 2018 to September 29, 2019 were as follows: Balance at December 30, 2018, net of accumulated impairments of $25,641 $ 310,737 Goodwill acquired in business combinations 18,644 Measurement period adjustments (851 ) Goodwill of disposed publication (42 ) Balance at September 29, 2019, net of accumulated impairments of $25,641 $ 328,488

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 29, 2019
Leases [Abstract]
Lease expense	Total lease expense consists of the following: Three months ended Nine months ended September 29, 2019 September 29, 2019 Operating lease expense related to right-of-use assets $ 7,000 $ 19,904 Other operating lease expense 1,392 5,623 Sublease income (551 ) (1,717 ) Total lease expense $ 7,841 $ 23,810
Supplemental Information	Supplemental information related to leases was as follows: Three months ended Nine months ended September 29, 2019 September 29, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 6,699 $ 18,899 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 3,659 $ 121,154
Supplemental Balance Sheet Information	Supplemental balance sheet information related to leases was as follows: September 29, 2019 Operating leases: Operating lease right-of-use assets, net $ 109,152 Current portion of operating lease liabilities $ 15,132 Long-term operating lease liabilities 101,710 Total operating lease liabilities $ 116,842 Weighted-average remaining lease term 8.6 years Weighted-average discount rate 10.54 %
Future minimum rents	As of September 29, 2019 , maturities of lease liabilities were as follows: 2019 (three months remaining) $ 6,840 2020 25,899 2021 24,179 2022 20,836 2023 17,150 Thereafter 87,513 Total lease payments 182,417 Less: interest (65,575 ) Present value of lease liabilities $ 116,842

Indebtedness (Tables)

Indebtedness (Tables)	9 Months Ended
	Sep. 29, 2019
Debt Disclosure [Abstract]
Schedule of Principal Payments of Outstanding Debt	As of September 29, 2019 , scheduled principal payments of outstanding debt are as follows: 2019 (three months remaining) $ 1,099 2020 4,395 2021 12,395 2022 424,072 441,961 Less: Current 4,395 Unamortized original issue discount 1,457 Deferred financing costs 2,391 Long-term debt $ 433,718

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 29, 2019
Related Party Transactions [Abstract]
Schedule of Related Party Transactions [Table Text Block]	The following provides the management and incentive fees recognized and paid to the Manager for the three and nine months ended September 29, 2019 and September 30, 2018 : Three months ended Nine months ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Management fee expense $ 2,456 $ 2,783 $ 7,368 $ 7,890 Incentive fee expense — — 1,455 5,755 Management fees paid 2,456 2,783 8,623 9,619 Incentive fees paid 1,455 4,802 6,675 14,129 Reimbursement for expenses 774 833 2,000 1,892

Equity (Tables)

Equity (Tables)	9 Months Ended
	Sep. 29, 2019
Equity [Abstract]
Schedule of Computation of Basic and Diluted Loss Per Share	The following table sets forth the computation of basic and diluted (loss) income per share (“EPS”): Three months ended Nine months ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Numerator for (loss) income per share calculation: Net (loss) income attributable to New Media $ (18,463 ) $ (6,105 ) $ (24,754 ) $ 4,937 Denominator for (loss) income per share calculation: Basic weighted average shares outstanding 60,033,999 59,919,246 60,009,927 57,377,682 Effect of dilutive securities: Stock options and restricted stock — — — 447,628 Diluted weighted average shares outstanding 60,033,999 59,919,246 60,009,927 57,825,310
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The Company excluded the following securities from the computation of diluted (loss) income per share because their effect would have been antidilutive: Three months ended Nine months ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Stock warrants 1,362,479 1,362,479 1,362,479 1,362,479 Stock options 2,904,811 2,904,811 2,904,811 700,000 Unvested restricted stock 446,229 376,570 446,229 —
Schedule of Stock Option Activity	The following table includes additional information regarding the Manager stock options: Number of Options Weighted-Average Grant Date Fair Value Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (Years) Aggregate Intrinsic Value ($000) Outstanding at December 30, 2018 2,904,811 $ 3.59 $ 15.31 7.3 $ — Outstanding at September 29, 2019 2,904,811 $ 3.59 $ 13.82 6.6 $ — Exercisable at September 29, 2019 2,605,811 $ 13.69 6.3 $ —
Reclassification out of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The changes in accumulated other comprehensive loss by component for the nine months ended September 29, 2019 and September 30, 2018 are outlined below. Net actuarial loss and prior service cost (1) For the nine months ended September 29, 2019: Balance at December 30, 2018 $ (6,881 ) Other comprehensive income before reclassifications — Amounts reclassified from accumulated other comprehensive loss (90 ) Net current period other comprehensive loss, net of taxes (90 ) Balance at September 29, 2019 $ (6,971 ) For the nine months ended September 30, 2018: Balance at December 31, 2017 $ (5,461 ) Amounts reclassified from accumulated other comprehensive loss (202 ) Balance at September 30, 2018 $ (5,663 ) (1) This accumulated other comprehensive loss component is included in the computation of net periodic benefit. See Note 12.
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The following table presents reclassifications out of accumulated other comprehensive loss for the three and nine months ended September 29, 2019 and September 30, 2018 . Amounts Reclassified from Accumulated Other Comprehensive Loss Affected Line Item in the Three months ended Nine months ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Amortization of unrecognized gain $ (30 ) $ (67 ) $ (90 ) $ (202 ) (1) Amounts reclassified from accumulated other comprehensive loss (30 ) (67 ) (90 ) (202 ) (Loss) income before income taxes Income tax expense — — — — Income tax expense (benefit) Amounts reclassified from accumulated other comprehensive loss, net of taxes $ (30 ) $ (67 ) $ (90 ) $ (202 ) Net (loss) income (1) This accumulated other comprehensive loss component is included in the computation of net periodic benefit. See Note 12.

Deferred Revenue Deferred Reven

Deferred Revenue Deferred Revenue (Tables)	9 Months Ended
	Sep. 29, 2019
Unearned Revenue [Abstract]
Contract with Customer, Asset and Liability [Table Text Block]	Changes in deferred revenue were as follows: Circulation Advertising Other Total Nine months ended September 29, 2019 Balance at December 30, 2018 $ 82,645 $ 9,107 $ 13,435 $ 105,187 Acquired deferred revenue 6,669 — 3,920 10,589 Cash receipts, net of refunds 324,296 22,758 50,505 397,559 Revenue recognized (331,038 ) (20,466 ) (43,994 ) (395,498 ) Balance at September 29, 2019 $ 82,572 $ 11,399 $ 23,866 $ 117,837 Nine months ended September 30, 2018 Balance at December 31, 2017 $ 73,874 $ 6,615 $ 7,675 $ 88,164 Acquired deferred revenue 14,654 312 5,445 20,411 Cash receipts, net of refunds 282,769 17,340 30,899 331,008 Revenue recognized (290,234 ) (15,393 ) (30,507 ) (336,134 ) Balance at September 30, 2018 $ 81,063 $ 8,874 $ 13,512 $ 103,449

Pension and Postretirement Be_2

Pension and Postretirement Benefits (Tables)	9 Months Ended
	Sep. 29, 2019
Retirement Benefits [Abstract]
Pension and Postretirement Net Periodic Benefit Costs	The following provides information on the pension plans for the three and nine months ended September 29, 2019 and September 30, 2018 : Three months ended Nine months ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Components of net periodic benefit: Service cost $ 159 $ 150 $ 476 $ 450 Interest cost 736 700 2,210 2,099 Expected return on plan assets (967 ) (1,062 ) (2,902 ) (3,186 ) Amortization of unrecognized loss 39 67 117 202 Net periodic benefit $ (33 ) $ (145 ) $ (99 ) $ (435 )

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	9 Months Ended
	Sep. 29, 2019
Fair Value Disclosures [Abstract]
Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following table provides information for the Company’s major categories of financial assets and liabilities measured or disclosed at fair value on a recurring basis: Fair Value Measurements at Reporting Date Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fair Value Measurements As of September 29, 2019 Assets Cash and cash equivalents $ 28,641 $ — $ — $ 28,641 Restricted cash 3,128 — — 3,128 Total $ 31,769 $ — $ — $ 31,769 Liabilities Contingent consideration $ — $ — $ 1,963 $ 1,963 Redeemable noncontrolling interests $ — $ — $ 593 $ 593 As of December 30, 2018 Assets Cash and cash equivalents $ 48,651 $ — $ — $ 48,651 Restricted cash 4,119 — — 4,119 Total $ 52,770 $ — $ — $ 52,770 Liabilities Contingent consideration $ — $ — $ 3,256 $ 3,256 Redeemable noncontrolling interests $ — $ — $ 1,547 $ 1,547
Redeemable Noncontrolling Interests, Rollforward	The changes in redeemable noncontrolling interests classified as Level 3 measurements were as follows: Nine months ended Year Ended September 29, 2019 December 30, 2018 Beginning balance $ 1,547 $ — Purchases (1) — 1,636 Net loss (954 ) (89 ) Ending balance $ 593 $ 1,547

Unaudited Financial Statement_2

Unaudited Financial Statements - Additional Information (Details)	9 Months Ended
	Sep. 29, 2019segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	1

Acquisitions - Additional Info

Acquisitions - Additional Information (Details) $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 29, 2019USD ($)$ / shares	Sep. 29, 2019USD ($)$ / sharesshares
Business Acquisition [Line Items]
Document Period End Date		Sep. 29, 2019
Gannett [Member]
Business Acquisition [Line Items]
Stock and cash consideration, per share | $ / shares		$ 12.06
Stock and cash consideration		$ 1,400,000
Cash consideration, per share price | $ / shares		$ 6.25
Stock consideration, number of shares | shares		0.5427
Investment in merger, ownership percentage		49.50%
Local media organizations		109
Number of States in which Entity Operates	34	34
Local media brands		150
Financing, principal amount	$ 1,792,000	$ 1,792,000
Interest rate		11.50%
Debt fee, percent of principal amount		6.50%
Basis point increase in debt interest rate after one year		12.00%
Unrestricted cash		$ 40,000
Acquisition related costs recognized in acquisition costs	$ 12,048	$ 14,413
Gannett [Member] | Fortress and its affiliates [Member]
Business Acquisition [Line Items]
Reduction in number of options earned, percent		50.00%
Common Stock shares issued to Manager | shares		4,205,607
Options granted to Manager to purchase shares of common stock | shares		3,163,265
Option to purchase shares of common stock, price per share (in dollars per share) | $ / shares	$ 15.50	$ 15.50
Fully vested price per share, at or above | $ / shares		$ 20
Number of stock trading days before options are exercisable		20
2019 Acquisitions [Member]
Business Acquisition [Line Items]
Number of daily newspapers acquired		11
Number of weekly publications acquired		11
Number of shoppers acquired		9
Number of event businesses acquired		5
Aggregate purchase price		$ 45,913
Noncontrolling interest, the Company's ownership percent	57.90%	57.90%
Noncontrolling interest, noncontrolling owners ownership percent	42.10%	42.10%
Acquisition related costs recognized in acquisition costs	$ 171	$ 936
Goodwill expected to be tax deductible	$ 15,037	$ 15,037
2018 Acquisitions [Member]
Business Acquisition [Line Items]
Number of business publications acquired		7
Number of daily newspapers acquired		8
Number of weekly publications acquired		16
Number of shoppers acquired		1
Aggregate purchase price		$ 205,785
Noncontrolling interest, the Company's ownership percent	80.00%	80.00%
Noncontrolling interest, noncontrolling owners ownership percent	20.00%	20.00%
Increase (decrease) in net assets acquired		$ 65
Increase (decrease) in current assets acquired		(267)
Increase (decrease) in Goodwill acquired		(847)
Increase (decrease) in current liabilities acquired		$ (1,179)

Acquisitions - Summary of Preli

Acquisitions - Summary of Preliminary Fair Value of Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 29, 2019	Dec. 30, 2018
Business Acquisition [Line Items]
Goodwill	$ 328,488	$ 310,737
2019 Acquisitions [Member]
Business Acquisition [Line Items]
Current assets	9,529
Other assets	950
Property, plant and equipment	20,492
Noncompete agreements	280
Advertiser relationships	2,357
Subscriber relationships	1,457
Customer relationships	1,323
Software	140
Trade names	299
Mastheads	2,896
Goodwill	18,644
Total assets	58,367
Current liabilities	11,991
Other long-term liabilities assumed	463
Total liabilities	12,454
Net assets	$ 45,913

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018
Share-based Compensation Costs [Abstract]
Non-cash compensation expense	$ 691	$ 667	$ 2,534	$ 2,499
Compensation cost not yet recognized related to non-vested awards	4,919		$ 4,919
Compensation cost not yet recognized related to non-vested awards, weighted average recognition period			1 year 11 months 26 days
Aggregate intrinsic value of unvested RSGs	$ 3,985		$ 3,985

Share-Based Compensation - Summ

Share-Based Compensation - Summary of RSG Activity (Details)	9 Months Ended
	Sep. 29, 2019$ / sharesshares
Number of RSGs
Unvested RSGs, beginning balance (in shares) | shares	384,471
Granted (in shares) | shares	299,610
Vested (in shares) | shares	(167,393)
Forfeited (in shares) | shares	(70,459)
Unvested RSGs, ending balance (in shares) | shares	446,229
Weighted-Average Grant Date Fair Value
Unvested RSGs, beginning balance, weighted average grant date fair value (in dollars per share) | $ / shares	$ 16.11
Granted (in dollars per share) | $ / shares	13.64
Vested (in dollars per share) | $ / shares	15.95
Forfeited (in dollars per share) | $ / shares	15.26
Unvested RSGs, ending balance, weighted average grant date fair value (in dollars per share) | $ / shares	$ 14.65

Restructuring - Summary of Info

Restructuring - Summary of Information Related to Restructuring Program Activity (Details) $ in Thousands	9 Months Ended
	Sep. 29, 2019USD ($)
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance	$ 2,900
Restructuring provision included in Integration and Reorganization	9,502
Cash payments	(9,500)
Restructuring reserve, ending balance	2,902
Severance and Related Costs [Member]
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance	2,554
Restructuring provision included in Integration and Reorganization	8,221
Cash payments	(8,403)
Restructuring reserve, ending balance	2,372
Other Costs [Member]
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance	346
Restructuring provision included in Integration and Reorganization	1,281
Cash payments	(1,097)
Restructuring reserve, ending balance	$ 530

Restructuring - Additional Info

Restructuring - Additional Information (Details) $ in Thousands	9 Months Ended
	Sep. 29, 2019USD ($)	Sep. 30, 2018USD ($)
Restructuring [Abstract]
Number of ceased print publications	3	7
Number of ceased print facilities	12	6
Impairment of retired equipment	$ 2,469	$ 503
Loss on disposal of retired equipment	168
Loss on disposal of intangible assets	405	618
Accelerated depreciation	$ 4,802	$ 3,601

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 29, 2019	Dec. 30, 2018
Schedule Finite-Lived and Indefinite Lived Intangible Assets [Line Items]
Gross carrying amount	$ 475,776	$ 471,741
Accumulated amortization	128,386	101,543
Net carrying amount	347,390	370,198
Goodwill and nonamortized intangible assets	$ 446,161	426,593
Weighted average amortization period (in years)	13 years 7 months 6 days
Goodwill [Member]
Schedule Finite-Lived and Indefinite Lived Intangible Assets [Line Items]
Gross carrying amount	$ 328,488	310,737
Mastheads [Member]
Schedule Finite-Lived and Indefinite Lived Intangible Assets [Line Items]
Gross carrying amount	117,673	115,856
Advertiser relationships [Member]
Schedule Finite-Lived and Indefinite Lived Intangible Assets [Line Items]
Gross carrying amount	260,979	260,142
Accumulated amortization	66,882	53,477
Net carrying amount	$ 194,097	206,665
Weighted average amortization period (in years)	14 years 4 months 24 days
Customer relationships [Member]
Schedule Finite-Lived and Indefinite Lived Intangible Assets [Line Items]
Gross carrying amount	$ 45,774	44,630
Accumulated amortization	12,082	8,704
Net carrying amount	$ 33,692	35,926
Weighted average amortization period (in years)	12 years 2 months 12 days
Subscriber relationships [Member]
Schedule Finite-Lived and Indefinite Lived Intangible Assets [Line Items]
Gross carrying amount	$ 154,901	153,923
Accumulated amortization	40,171	31,560
Net carrying amount	$ 114,730	122,363
Weighted average amortization period (in years)	13 years 6 months
Other intangible assets [Member]
Schedule Finite-Lived and Indefinite Lived Intangible Assets [Line Items]
Gross carrying amount	$ 14,122	13,046
Accumulated amortization	9,251	7,802
Net carrying amount	$ 4,871	$ 5,244
Weighted average amortization period (in years)	5 years 2 months 12 days

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018	Dec. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense, intangible assets	$ 8,976	$ 9,520	$ 27,324	$ 24,852
Estimated Future Amortization Expense [Abstract]
2019 (three months remaining)	8,939		8,939
2020	35,685		35,685
2021	35,496		35,496
2022	34,509		34,509
2023	34,126		34,126
Thereafter	198,635		198,635
Net carrying amount	$ 347,390		$ 347,390		$ 370,198

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Goodwill Rollforward (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 29, 2019	Dec. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, accumulated impairments	$ 25,641	$ 25,641
Goodwill [Roll Forward]
Goodwill, beginning balance	310,737
Goodwill acquired in business combinations	18,644
Measurement period adjustments	(851)
Goodwill from disposal	(42)
Goodwill, ending balance	$ 328,488

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Additional Information (Details)	9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018
Schedule Finite-Lived and Indefinite Lived Intangible Assets [Line Items]
Effective tax rate		33.00%
Goodwill [Member]
Schedule Finite-Lived and Indefinite Lived Intangible Assets [Line Items]
Fair value exceeds carrying value, percent (less than)	10.00%
Revenue growth rate	0.50%
Discount rate	17.00%
Effective tax rate	27.00%
Mastheads [Member]
Schedule Finite-Lived and Indefinite Lived Intangible Assets [Line Items]
Fair value exceeds carrying value, percent (less than)	10.00%
Discount rates, low range	16.50%
Discount rates, high range	17.00%
Royalty rate, low	1.50%
Royalty rate, high	1.75%
Effective tax rate	27.00%
Mastheads [Member] | Newspapers [Member]
Schedule Finite-Lived and Indefinite Lived Intangible Assets [Line Items]
Revenue growth rate	0.50%
Mastheads [Member] | BridgeTower [Member]
Schedule Finite-Lived and Indefinite Lived Intangible Assets [Line Items]
Revenue growth rate	1.00%

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 29, 2019	Sep. 29, 2019	Dec. 30, 2018
Leases [Abstract]
Operating cash flows for operating leases	$ 6,699	$ 18,899
Right-of-use assets obtained in exchange for lease obligations, operating leases	3,659	121,154
Operating lease right-of-use assets	109,152	109,152	$ 0
Current portion of operating lease liabilities	15,132	15,132	0
Long-term operating lease liabilities	$ 101,710	101,710	$ 0
Total operating lease liabilities		$ 116,842
Weighted-average remaining lease term	8 years 7 months 6 days	8 years 7 months 6 days
Weighted-average discount rate	10.54%	10.54%

Leases Leases - Components of L

Leases Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 29, 2019	Sep. 29, 2019
Leases [Abstract]
Operating lease expense related to right-of-use assets	$ 7,000	$ 19,904
Other operating lease expense	1,392	5,623
Sublease income	(551)	(1,717)
Total lease expense	$ 7,841	$ 23,810

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments (Details) $ in Thousands	Sep. 29, 2019USD ($)
Leases [Abstract]
2019 (three months remaining)	$ 6,840
2020	25,899
2021	24,179
2022	20,836
2023	17,150
Thereafter	87,513
Total lease payments	182,417
Less: interest	(65,575)
Present value of lease liabilities	$ 116,842

Leases - Additional Information

Leases - Additional Information (Details) $ in Thousands	9 Months Ended
	Sep. 29, 2019USD ($)
Leases [Abstract]
Affect of ASC 842 on Net Assets	$ 102,512
Affect of ASC 842 on Liabilities	109,230
Future operating lease payments that have not commenced	$ 6,053

Indebtedness - Additional Infor

Indebtedness - Additional Information (Details) $ in Thousands	9 Months Ended
	Sep. 29, 2019USD ($)	Dec. 30, 2018USD ($)	Jul. 14, 2017	Jan. 09, 2015USD ($)
Credit Facility [Line Items]
Debt outstanding	$ 441,961
Long-term debt	433,718	$ 428,180
New Media Credit Agreement [Member]
Credit Facility [Line Items]
Maximum borrowing amount	$ 40,000
Weighted average interest rate	8.56%
Debt covenant - maximum fixed charge coverage ratio	3.25
Fair value of long-term debt	$ 441,961
New Media Credit Agreement [Member] | Term Loan Facility [Member]
Credit Facility [Line Items]
Debt outstanding	$ 433,961	437,257
Repayment amount as a percent of original principal amount	1.00%
Frequency of periodic payment	quarterly
New Media Credit Agreement [Member] | Term Loan Facility [Member] | Eurodollar [Member]
Credit Facility [Line Items]
Fixed interest rate	6.25%
Variable interest rate	1.00%
New Media Credit Agreement [Member] | Term Loan Facility [Member] | Alternate Base Rate [Member]
Credit Facility [Line Items]
Fixed interest rate	5.25%
Variable interest rate	2.00%
New Media Credit Agreement [Member] | Revolving Credit Facility [Member]
Credit Facility [Line Items]
Debt outstanding	$ 8,000	$ 0
Letters of credit outstanding	495
Available borrowing amount	$ 31,505
Maturity date	Jul. 14, 2021
New Media Credit Agreement [Member] | Revolving Credit Facility [Member] | Eurodollar [Member]
Credit Facility [Line Items]
Fixed interest rate	5.25%
New Media Credit Agreement [Member] | Revolving Credit Facility [Member] | Alternate Base Rate [Member]
Credit Facility [Line Items]
Fixed interest rate	4.25%
New Media Credit Agreement [Member] | Extended Term Loans [Member]
Credit Facility [Line Items]
Debt prepayment premium			1.00%
Advantage Credit Agreements [Member] | Halifax Alabama Debt [Member]
Credit Facility [Line Items]
Fixed interest rate	2.00%
Debt, principal amount				$ 8,000

Indebtedness - Outstanding Debt

Indebtedness - Outstanding Debt Payment Schedule (Details) - USD ($) $ in Thousands	Sep. 29, 2019	Dec. 30, 2018
Debt Disclosure [Abstract]
2019 (three months remaining)	$ 1,099
2020	4,395
2021	12,395
2022	424,072
Total outstanding debt	441,961
Current	4,395	$ 12,395
Unamortized original issue discount	1,457
Deferred financing costs	2,391
Long-term debt	$ 433,718	$ 428,180

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018	Dec. 30, 2018
Related Party Transaction [Line Items]
Management fee expense	$ 2,456	$ 2,783	$ 7,368	$ 7,890
Incentive compensation fee expense	0	0	1,455	5,755
Management fees paid	2,456	2,783	8,623	9,619
Incentive fees paid	1,455	4,802	6,675	14,129
Reimbursement for expenses	774	833	2,000	1,892
Management agreement related fees liability	3,405		$ 3,405		$ 10,696
Fortress and its affiliates [Member]
Related Party Transaction [Line Items]
Percentage of the Company owned by			1.10%
Percentage of the Company's outstanding warrants owned by Fortress and its affiliates			39.50%
Number of stock options held			2,904,811
Dividends paid	$ 244	$ 238	$ 733	$ 728

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 7,226	$ (239)	$ 4,929	$ 2,591
Net increase to the valuation allowance			$ 2,602
Federal tax rate			21.00%
Expected tax benefit			$ (4,163)
Effective tax rate				33.00%

Equity (Details)

Equity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018
Equity [Abstract]
Net (loss) income attributable to New Media	$ (18,463)	$ (6,105)	$ (24,754)	$ 4,937
Denominator for (loss) income per share calculation:
Basic weighted average shares outstanding (shares)	60,033,999	59,919,246	60,009,927	57,377,682
Effect of dilutive securities:
Stock Options and Restricted Stock (shares)	0	0	0	447,628
Diluted weighted average shares outstanding (shares)	60,033,999	59,919,246	60,009,927	57,825,310

Equity - Additional Informatio

Equity - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	May 28, 2017	Sep. 29, 2019	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018	Dec. 30, 2018	May 17, 2017
Class of Stock [Line Items]
Proceeds from public offering				$ 0	$ 111,099
Granted				299,610
Common stock authorized to repurchase							$ 100,000
Stock Repurchase Program, period in force	12 years
Dividends declared, per share (in dollars per share)		$ 1.14	$ 1.11	$ 1.14	$ 1.11
Common stock, par value (in dollars per share)		$ 0.01		$ 0.01		$ 0.01
Warrants [Member]
Class of Stock [Line Items]
Antidilutive securities excluded from computation of income (loss) per share		1,362,479	1,362,479	1,362,479	1,362,479
Restricted Share Grants [Member]
Class of Stock [Line Items]
Antidilutive securities excluded from computation of income (loss) per share		446,229	376,570	446,229	0
Stock Options [Member]
Class of Stock [Line Items]
Antidilutive securities excluded from computation of income (loss) per share		2,904,811	2,904,811	2,904,811	700,000
2014 Options [Member] | Manager [Member]
Class of Stock [Line Items]
Options granted to Manager to purchase shares of common stock		652,311
Option to purchase shares of common stock, price per share (in dollars per share)		$ 11.46		$ 11.46		12.95
2015 Options [Member] | Manager [Member]
Class of Stock [Line Items]
Options granted to Manager to purchase shares of common stock		700,000
Option to purchase shares of common stock, price per share (in dollars per share)		$ 17.45		17.45		18.94
2016 Options [Member] | Manager [Member]
Class of Stock [Line Items]
Options granted to Manager to purchase shares of common stock		862,500
Option to purchase shares of common stock, price per share (in dollars per share)		$ 11.75		11.75		13.24
2018 Options [Member] | Manager [Member]
Class of Stock [Line Items]
Options granted to Manager to purchase shares of common stock		690,000
Option to purchase shares of common stock, price per share (in dollars per share)		$ 14.96		$ 14.96		$ 16.45

Equity - Summary of Option Acti

Equity - Summary of Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 29, 2019	Dec. 30, 2018
Number of Options
Options outstanding, beginning balance (in shares)	2,904,811
Options outstanding, ending balance (in shares)	2,904,811	2,904,811
Exercisable (in shares)	2,605,811
Weighted-Average Grant Date Fair Value
Outstanding, weighted-average grant date fair value, beginning balance (in dollars per share)	$ 3.59
Outstanding, weighted-average grant date fair value, ending balance (in dollars per share)	3.59	$ 3.59
Weighted-Average Exercise Price
Outstanding, weighted-average exercise price, beginning balance (in dollars per share)	15.31
Outstanding, weighted-average exercise price, ending balance (in dollars per share)	13.82	$ 15.31
Exercisable, weighted-average exercise price, ending balance (in dollars per share)	$ 13.69
Weighted-Average Remaining Contractual Term (Years)
Outstanding, weighted-average remaining contractual term (years)	6 years 7 months 6 days	7 years 3 months 18 days
Exercisable, weighted-average remaining contractual term (years)	6 years 3 months 18 days
Outstanding, aggregate intrinsic value	$ 0	$ 0
Exercisable, aggregate intrinsic value	$ 0

Equity - Changes in Accumulated

Equity - Changes in Accumulated Other Comprehensive Loss by Component (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated other comprehensive loss, beginning balance	$ (6,881)
Accumulated other comprehensive loss, ending balance	(6,971)
Net actuarial loss [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated other comprehensive loss, beginning balance	(6,881)	$ (5,461)
Other comprehensive income before reclassifications	0
Amounts reclassified from accumulated other comprehensive loss	(90)	(202)
Net current period other comprehensive loss, net of taxes	(90)
Accumulated other comprehensive loss, ending balance	$ (6,971)	$ (5,663)

Equity - Reclassifications out

Equity - Reclassifications out of Accumulated Other Comprehensive Loss (Details) - Reclassification out of Accumulated Other Comprehensive Loss [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of unrecognized gain	$ (30)	$ (67)	$ (90)	$ (202)
Amounts reclassified from accumulated other comprehensive loss	(30)	(67)	(90)	(202)
Income tax expense	0	0	0	0
Amounts reclassified from accumulated other comprehensive loss, net of taxes	$ (30)	$ (67)	$ (90)	$ (202)

Deferred Revenue (Details)

Deferred Revenue (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018
Beginning balance	$ 105,187	$ 88,164
Acquired deferred revenue	10,589	20,411
Cash receipts, net of refunds	397,559	331,008
Revenue recognized	(395,498)	(336,134)
Ending balance	117,837	103,449
Circulation [Member]
Beginning balance	82,645	73,874
Acquired deferred revenue	6,669	14,654
Cash receipts, net of refunds	324,296	282,769
Revenue recognized	(331,038)	(290,234)
Ending balance	82,572	81,063
Advertising [Member]
Beginning balance	9,107	6,615
Acquired deferred revenue	0	312
Cash receipts, net of refunds	22,758	17,340
Revenue recognized	(20,466)	(15,393)
Ending balance	11,399	8,874
Other [Member]
Beginning balance	13,435	7,675
Acquired deferred revenue	3,920	5,445
Cash receipts, net of refunds	50,505	30,899
Revenue recognized	(43,994)	(30,507)
Ending balance	$ 23,866	$ 13,512

Pension and Postretirement Be_3

Pension and Postretirement Benefits (Details) - Pension [Member] $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2019USD ($)plan	Sep. 30, 2018USD ($)	Sep. 29, 2019USD ($)plan	Sep. 30, 2018USD ($)
Defined Benefit Plan Disclosure [Line Items]
Number of pension plans | plan	2		2
Components of net periodic benefit:
Service cost	$ 159	$ 150	$ 476	$ 450
Interest cost	736	700	2,210	2,099
Expected return on plan assets	(967)	(1,062)	(2,902)	(3,186)
Amortization of unrecognized loss	39	67	117	202
Net periodic benefit	(33)	$ (145)	(99)	$ (435)
Pension and Other Postretirement Benefits Cost (Reversal of Cost) [Abstract]
Pension contributions	364		764
Expected remaining employer contributions during the current fiscal year	$ 202		$ 202

Fair Value Measurement (Details

Fair Value Measurement (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 29, 2019	Dec. 30, 2018	Sep. 30, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	$ 1,547	$ 0
Purchases (1)	0	1,636
Net loss	(954)	(89)
Ending balance	593	1,547
Assets, Fair Value Disclosure [Abstract]
Cash and cash equivalents	28,641	48,651
Restricted cash	3,128	4,119
Cash, cash equivalents and restricted cash	31,769	52,770	$ 59,808	$ 46,162
Business Combination, Contingent Consideration, Liability	1,963	3,256
Redeemable noncontrolling interests	593	1,547
Recurring [Member]
Assets, Fair Value Disclosure [Abstract]
Cash and cash equivalents	28,641	48,651
Restricted cash	3,128	4,119
Cash, cash equivalents and restricted cash	31,769	52,770
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets, Fair Value Disclosure [Abstract]
Cash and cash equivalents	28,641	48,651
Restricted cash	3,128	4,119
Cash, cash equivalents and restricted cash	31,769	52,770
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets, Fair Value Disclosure [Abstract]
Business Combination, Contingent Consideration, Liability	1,963	3,256
Redeemable noncontrolling interests	$ 593	$ 1,547

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Sep. 29, 2019	Dec. 30, 2018
Restricted Cash and Investments, Current [Abstract]
Restricted cash - Collateral standby letters of credit in the name of the Company's insurers	$ 3,128	$ 4,119

Subsequent Events (Details)

Subsequent Events (Details) - $ / shares	3 Months Ended
	Dec. 29, 2019	Sep. 29, 2019	Dec. 30, 2018	Sep. 30, 2018
Subsequent Event [Line Items]
Dividends declared, per share (in dollars per share)		$ 1.14		$ 1.11
Common stock, par value (in dollars per share)		$ 0.01	$ 0.01
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends declared, per share (in dollars per share)	$ 0.38
Common stock, par value (in dollars per share)	$ 0.01
Dividend payable date	Nov. 12, 2019
Dividend record date	Nov. 1, 2019