Gannett (GCI) 10-Q 6 Aug 21 2021 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2021	Aug. 03, 2021
Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	001-36097
Entity Registrant Name	GANNETT CO., INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	38-3910250
Entity Address, Address Line One	7950 Jones Branch Drive,
Entity Address, City or Town	McLean,
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	22107-0910
City Area Code	703
Local Phone Number	854-6000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock Shares Outstanding		142,617,066
Entity Central Index Key	0001579684
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Common stock
Entity Information
Title of Each Class	Common Stock, par value $0.01 per share
Trading Symbol	GCI
Name of Each Exchange on Which Registered	NYSE
Preferred Stock Purchase Rights
Entity Information
Title of Each Class	Preferred Stock Purchase Rights
Name of Each Exchange on Which Registered	NYSE
No Trading Symbol	true

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 158,563	$ 170,725
Accounts receivable, net of allowance for doubtful accounts of $17,955 and $20,843 as of June 30, 2021 and December 31, 2020, respectively	291,452	314,305
Inventories	34,535	35,075
Prepaid expenses and other current assets	113,275	116,581
Total current assets	597,825	636,686
Property, plant and equipment, net of accumulated depreciation of $362,677 and $362,029 as of June 30, 2021 and December 31, 2020, respectively	522,347	590,272
Operating lease assets	278,389	289,504
Goodwill	534,218	534,088
Intangible assets, net	770,811	824,650
Deferred tax assets	58,571	90,240
Other assets	211,627	143,474
Total assets	2,973,788	3,108,914
Current liabilities:
Accounts payable and accrued liabilities	351,919	378,246
Deferred revenue	184,619	186,007
Current portion of long-term debt	106,644	128,445
Other current liabilities	49,939	48,602
Total current liabilities	693,121	741,300
Long-term debt	823,009	890,323
Convertible debt	396,964	581,405
Deferred tax liabilities	22,567	6,855
Pension and other postretirement benefit obligations	90,019	99,765
Long-term operating lease liabilities	262,390	274,460
Other long-term liabilities	157,708	151,847
Total noncurrent liabilities	1,752,657	2,004,655
Total liabilities	2,445,778	2,745,955
Redeemable noncontrolling interests	(2,067)	(1,150)
Commitments and contingent liabilities (See Note 12)
Equity
Preferred stock, $0.01 par value, 300,000 shares authorized, of which 150,000 shares are designated as Series A Junior Participating Preferred Stock, none of which were issued and outstanding at June 30, 2021 and December 31, 2020	0	0
Common stock of $0.01 par value per share, 2,000,000,000 shares authorized, 144,638,938 shares issued and 142,624,274 shares outstanding at June 30, 2021; 139,494,741 shares issued and 138,102,993 shares outstanding at December 31, 2020	1,446	1,395
Treasury stock at cost, 2,014,664 shares and 1,391,748 shares at June 30, 2021 and December 31, 2020, respectively	(6,935)	(4,903)
Additional paid-in capital	1,395,191	1,103,881
Accumulated deficit	(913,638)	(786,437)
Accumulated other comprehensive income	54,013	50,173
Total equity	530,077	364,109
Total liabilities and equity	$ 2,973,788	$ 3,108,914

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Trade receivables, allowance for doubtful receivables	$ 17,955	$ 20,843
Property plant and equipment, accumulated depreciation	$ 362,677	$ 362,029
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock authorized (in shares)	300,000	300,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	2,000,000,000	2,000,000,000
Common stock, issued (in shares)	144,638,938	139,494,741
Common stock, outstanding (in shares)	142,624,274	138,102,993
Treasury stock (in shares)	2,014,664	1,391,748
Series A Junior Participating Preferred Stock
Preferred stock authorized (in shares)	150,000	150,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Total operating revenues	$ 804,275	$ 767,000	$ 1,581,359	$ 1,715,683
Operating costs	473,172	476,735	950,970	1,043,199
Selling, general and administrative expenses	222,904	226,484	426,588	525,622
Depreciation and amortization	48,242	66,327	106,345	144,352
Restructuring provision included in integration and reorganization costs	8,444	32,306	21,848	60,560
Asset impairments	0	6,859	833	6,859
Goodwill and intangible impairments	0	393,446	0	393,446
Net loss on sale or disposal of assets	5,294	88	10,039	745
Other operating expenses	774	2,379	11,350	8,348
Total operating expenses	758,830	1,204,624	1,527,973	2,183,131
Operating income (loss)	45,445	(437,624)	53,386	(467,448)
Interest expense	35,264	57,928	74,767	115,827
Loss on early extinguishment of debt	2,834	369	22,235	1,174
Non-operating pension income	(23,906)	(17,553)	(47,784)	(36,099)
Loss on Convertible notes derivative	0	0	126,600	0
Other income, net	(1,148)	(6,261)	(3,023)	(4,616)
Non-operating expense	13,044	34,483	172,795	76,286
Income (loss) before income taxes	32,401	(472,107)	(119,409)	(543,734)
Provision (benefit) for income taxes	17,692	(34,276)	8,583	(25,297)
Net income (loss)	14,709	(437,831)	(127,992)	(518,437)
Net loss attributable to redeemable noncontrolling interests	(406)	(938)	(791)	(1,392)
Net income (loss) attributable to Gannett	$ 15,115	$ (436,893)	$ (127,201)	$ (517,045)
Income (loss) per share attributable to Gannett – basic (in dollars per share)	$ 0.11	$ (3.32)	$ (0.95)	$ (3.95)
Income (loss) per share attributable to Gannett– diluted (in dollars per share)	$ 0.10	$ (3.32)	$ (0.95)	$ (3.95)
Other comprehensive income (loss):
Foreign currency translation adjustments	$ 1,750	$ (2,552)	$ 4,787	$ (16,585)
Pension and other postretirement benefit items:
Net actuarial loss	(1,426)	(8,078)	(300)	(8,078)
Amortization of net actuarial loss (gain)	(5)	(11)	15	(25)
Other	(292)	95	(846)	1,061
Total pension and other postretirement benefit items	(1,723)	(7,994)	(1,131)	(7,042)
Other comprehensive income (loss) before tax	27	(10,546)	3,656	(23,627)
Income tax benefit related to components of other comprehensive income (loss)	(390)	(2,059)	(184)	(2,063)
Other comprehensive income (loss), net of tax	417	(8,487)	3,840	(21,564)
Comprehensive income (loss)	15,126	(446,318)	(124,152)	(540,001)
Comprehensive loss attributable to redeemable noncontrolling interests	(406)	(938)	(791)	(1,392)
Comprehensive income (loss) attributable to Gannett	15,532	(445,380)	(123,361)	(538,609)
Advertising and marketing services
Total operating revenues	420,110	356,918	808,467	843,929
Circulation
Total operating revenues	310,259	342,646	635,696	717,369
Other
Total operating revenues	$ 73,906	$ 67,436	$ 137,196	$ 154,385

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Operating activities
Net loss	$ (127,992)	$ (518,437)
Adjustments to reconcile net loss to operating cash flows:
Depreciation and amortization	106,345	144,352
Share-based compensation expense	9,202	18,968
Non-cash interest expense	11,531	11,902
Net loss on sale or disposal of assets	10,039	745
Loss on Convertible notes derivative	126,600	0
Loss on early extinguishment of debt	22,235	1,174
Goodwill and intangible impairments	0	393,446
Asset impairments	833	6,859
Pension and other postretirement benefit obligations	(78,038)	(49,064)
Change in other assets and liabilities, net	11,832	14,695
Net cash provided by operating activities	92,587	24,640
Investing activities
Purchase of property, plant and equipment	(15,821)	(22,157)
Proceeds from sale of real estate and other assets	23,341	17,792
Change in other investing activities	(335)	1,339
Net cash provided by (used for) investing activities	7,185	(3,026)
Financing activities
Payments of debt issuance costs	(33,921)	0
Borrowings under term loans	1,045,000	0
Repayments under term loans	(1,129,605)	(18,985)
Payments for employee taxes withheld from stock awards	(2,030)	(1,942)
Changes in other financing activities	(423)	596
Net cash used for financing activities	(120,979)	(20,331)
Effect of currency exchange rate change on cash	625	(780)
(Decrease) increase in cash, cash equivalents and restricted cash	(20,582)	503
Balance of cash, cash equivalents and restricted cash at beginning of period	206,726	188,664
Balance of cash, cash equivalents and restricted cash at end of period	$ 186,144	$ 189,167

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Total	Common stock	Additional Paid-in Capital	Accumulated other comprehensive income (loss)	Accumulated Deficit	Treasury stock
Beginning balance at Dec. 31, 2019	$ 981,356	$ 1,294	$ 1,090,694	$ 8,202	$ (115,958)	$ (2,876)
Beginning balance (in shares) at Dec. 31, 2019		129,386,258				394,714
Increase (Decrease) in Stockholders' Equity
Net income (loss) attributable to Gannett	(517,045)				(517,045)
Restricted stock awards settled, net of withholdings	(9,928)	$ 25	(9,953)
Restricted stock awards settled, net of withholdings (in shares)		2,508,585
Restricted share grants	0	$ 44	(44)
Restricted share grants (in shares)		4,346,313
Other comprehensive income, net of income tax	(21,564)			(21,564)
Share-based compensation expense	18,968		18,968
Issuance of common stock	2,576	$ 6	2,570
Issuance of common stock (in shares)		644,164
Treasury stock	(1,941)					$ (1,941)
Treasury stock (in shares)						317,687
Restricted share forfeiture	(1)					$ (1)
Restricted share forfeiture (in shares)						58,572
Other activity	(336)		(336)
Ending balance at Jun. 30, 2020	452,085	$ 1,369	1,101,899	(13,362)	(633,003)	$ (4,818)
Ending balance (in shares) at Jun. 30, 2020		136,885,320				770,973
Beginning balance at Mar. 31, 2020	889,556	$ 1,327	1,093,705	(4,875)	(196,110)	$ (4,491)
Beginning balance (in shares) at Mar. 31, 2020		132,715,532				657,165
Increase (Decrease) in Stockholders' Equity
Net income (loss) attributable to Gannett	(436,893)				(436,893)
Restricted stock awards settled, net of withholdings	(106)	$ 3	(109)
Restricted stock awards settled, net of withholdings (in shares)		251,250
Restricted share grants	0	$ 36	(36)
Restricted share grants (in shares)		3,531,279
Other comprehensive income, net of income tax	(8,487)			(8,487)
Share-based compensation expense	7,391		7,391
Issuance of common stock	1,024	$ 3	1,021
Issuance of common stock (in shares)		387,259
Treasury stock	(326)					$ (326)
Treasury stock (in shares)						55,236
Restricted share forfeiture	(1)					$ (1)
Restricted share forfeiture (in shares)						58,572
Other activity	(73)		(73)
Ending balance at Jun. 30, 2020	452,085	$ 1,369	1,101,899	(13,362)	(633,003)	$ (4,818)
Ending balance (in shares) at Jun. 30, 2020		136,885,320				770,973
Beginning balance at Dec. 31, 2020	364,109	$ 1,395	1,103,881	50,173	(786,437)	$ (4,903)
Beginning balance (in shares) at Dec. 31, 2020		139,494,741				1,391,748
Increase (Decrease) in Stockholders' Equity
Net income (loss) attributable to Gannett	(127,201)				(127,201)
Restricted stock awards settled, net of withholdings	(1,896)	$ 10	(1,906)
Restricted stock awards settled, net of withholdings (in shares)		1,061,840
Restricted share grants	0	$ 39	(39)
Restricted share grants (in shares)		3,877,836
Equity component of the 2027 Notes	283,718		283,718
Other comprehensive income, net of income tax	3,840			3,840
Share-based compensation expense	9,202		9,202
Issuance of common stock	63	$ 2	61
Issuance of common stock (in shares)		204,521
Remeasurement of redeemable noncontrolling interests	126		126
Treasury stock	(2,030)					$ (2,030)
Treasury stock (in shares)						393,153
Restricted share forfeiture	(2)					$ (2)
Restricted share forfeiture (in shares)						229,763
Other activity	148		148
Ending balance at Jun. 30, 2021	530,077	$ 1,446	1,395,191	54,013	(913,638)	$ (6,935)
Ending balance (in shares) at Jun. 30, 2021		144,638,938				2,014,664
Beginning balance at Mar. 31, 2021	541,652	$ 1,444	1,421,977	53,596	(928,753)	$ (6,612)
Beginning balance (in shares) at Mar. 31, 2021		144,443,628				1,901,927
Increase (Decrease) in Stockholders' Equity
Net income (loss) attributable to Gannett	15,115				15,115
Restricted stock awards settled, net of withholdings	(11)		(11)
Restricted stock awards settled, net of withholdings (in shares)		5,198
Equity component of the 2027 Notes	(32,534)		(32,534)
Other comprehensive income, net of income tax	417			417
Share-based compensation expense	5,779		5,779
Issuance of common stock	2	$ 2
Issuance of common stock (in shares)		190,112
Treasury stock	(323)					$ (323)
Treasury stock (in shares)						62,835
Restricted share forfeiture (in shares)						49,902
Other activity	(20)		(20)
Ending balance at Jun. 30, 2021	$ 530,077	$ 1,446	$ 1,395,191	$ 54,013	$ (913,638)	$ (6,935)
Ending balance (in shares) at Jun. 30, 2021		144,638,938				2,014,664

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of Stockholders' Equity [Abstract]
Other comprehensive income, tax benefit	$ 390	$ 2,059	$ 184	$ 2,063

Description of Business and bas

Description of Business and basis of presentation	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Description of Business and basis of presentation	NOTE 1 — Description of Business and basis of presentation Description of Business Gannett Co., Inc. ("Gannett", "we", "us", "our", or the "Company") is a subscription-led and digitally-focused media and marketing solutions company committed to empowering communities to thrive. We aim to be the premier source for clarity, connections and solutions within our communities. Our strategy is focused on driving audience growth and engagement by delivering deeper content experiences to our consumers, while offering the products and marketing expertise our advertisers desire. The execution of this strategy is expected to allow the Company to continue its evolution from a more traditional print media business to a digitally-focused content platform. Our current portfolio of media assets includes USA TODAY, local media organizations in 46 states in the U.S., and Newsquest, a wholly-owned subsidiary operating in the United Kingdom (the "U.K.") with more than 120 local media brands. Gannett also owns the digital marketing services companies ReachLocal, Inc. ("ReachLocal"), UpCurve, Inc. ("UpCurve"), and WordStream, Inc. ("WordStream"), which are marketed under the LOCALiQ brand, and runs the largest media-owned events business in the U.S., USA TODAY NETWORK Ventures. Through USA TODAY, our local property network, and Newsquest, Gannett delivers high-quality, trusted content where and when consumers want to engage on virtually any device or platform. Additionally, the Company has strong relationships with thousands of local and national businesses in both our U.S. and U.K. markets due to our large local and national sales forces and a robust advertising and marketing solutions product suite. The Company reports in two segments: Publishing and Digital Marketing Solutions ("DMS"). A full description of our segments is included in Note 13 — Segment reporting in the notes to the condensed consolidated financial statements. Impacts of the COVID-19 pandemic As a result of the COVID-19 pandemic, we experienced a significant decline in Advertising and marketing services revenues, which accelerated the secular declines that we continue to experience. We continue to experience constraints on the sales of single copy newspapers, largely tied to business travel and in-person events. While we have seen operating trends improve since the second quarter of 2020, which represents the quarter that was most significantly impacted by the pandemic, we expect that the COVID-19 pandemic will continue to have a negative impact on our business and results of operations in the near-term, including lower revenues associated with in-person events and sales of single copy newspapers as a result of continued restrictions and reduced business travel. If the COVID-19 pandemic were to revert to conditions that existed during 2020, including measures to help mitigate and control the spread of the virus, we would expect to experience further negative impacts in Advertising and marketing services revenues. We have implemented, and continue to implement, measures to reduce costs and preserve cash flow. These measures include, evaluating and applying for all governmental relief programs for which we are eligible, including the Paycheck Protection Program ("PPP"), suspension of the quarterly dividend and refinancing of our debt, as well as reductions in discretionary spending. In addition, we are continuing with our previously disclosed plan to monetize non-core assets. In connection with the CARES Act, we have received $16.4 million in PPP funding in support of certain of our locations that were meaningfully affected by the COVID-19 pandemic. As of June 30, 2021, PPP loans of $16.4 million are included in Other long-term liabilities in the condensed consolidated balance sheets and in Operating activities in the condensed consolidated statements of cash flows. Interest expense related to PPP funding was immaterial for the three and six months ended June 30, 2021. Management intends to apply for forgiveness of the PPP loans in accordance with applicable guidelines. Basis of presentation Our condensed consolidated financial statements are unaudited; however, in the opinion of management, they contain all of the adjustments (consisting of those of a normal, recurring nature) considered necessary to present fairly the financial position, results of operations, and cash flows for the periods presented in conformity with U.S. generally accepted accounting principles ("U.S. GAAP") applicable to interim periods. All significant intercompany accounts and transactions have been eliminated in consolidation. The Company consolidates entities that it controls due to ownership of a majority voting interest. The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2020. Use of estimates The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the unaudited condensed consolidated financial statements and footnotes thereto. Actual results could differ from those estimates. Significant estimates inherent in the preparation of the condensed consolidated financial statements include pension and postretirement benefit obligation assumptions, income taxes, goodwill and intangible asset impairment analysis, valuation of property, plant and equipment and intangible assets and the mark to market of the conversion feature associated with the convertible debt. Recent accounting pronouncements adopted Simplifying the Accounting for Income Taxes In December 2019, the Financial Accounting Standards Board (the "FASB") issued new guidance that simplifies the accounting for income taxes. The guidance amends the rules for recognizing deferred taxes for investments, performing intraperiod tax allocations and calculating income taxes in interim periods. It also reduces complexity in certain areas, including accounting for transactions that result in a step-up in the tax basis of goodwill and allocating taxes to members of a consolidated group. This guidance is effective for fiscal years beginning after December 15, 2020, with early adoption permitted. While adopting this guidance allowed the Company to record a tax benefit for the first quarter of 2021 because year-to-date losses on interim periods are no longer limited to losses annually forecasted, it did not have a material impact on the Company's condensed consolidated financial statements in the second quarter of 2021. Recent accounting pronouncements not yet adopted Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity

Revenues

Revenues	6 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Revenues	NOTE 2 — Revenues Revenues are recognized when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. The Company’s condensed consolidated statements of operations and comprehensive income (loss) present revenues disaggregated by revenue type. Sales taxes and other usage-based taxes are excluded from revenues. The following table presents our revenues disaggregated by source: Three months ended June 30, Six months ended June 30, In thousands 2021 2020 2021 2020 Print advertising $ 200,925 $ 188,158 $ 394,121 $ 456,000 Digital advertising and marketing services 219,185 168,760 414,346 387,929 Total advertising and marketing services 420,110 356,918 808,467 843,929 Circulation 310,259 342,646 635,696 717,369 Other 73,906 67,436 137,196 154,385 Total revenues $ 804,275 $ 767,000 $ 1,581,359 $ 1,715,683 For both the three and six months ended June 30, 2021, approximately 8% of revenues were generated from international locations. For the three and six months ended June 30, 2020, approximately 6% and 7% of revenues, respectively, were generated from international locations. Deferred revenues The Company records deferred revenues when cash payments are received in advance of the Company’s performance obligation. The Company's primary source of deferred revenues is from circulation subscriptions paid in advance of the service provided, which represents future delivery of publications (the performance obligation) to subscription customers. The Company expects to recognize the revenue related to unsatisfied performance obligations over the next one The Company's payment terms vary by the type and location of the customer and the products or services offered. The period between invoicing and when payment is due is not significant. For certain products or services and customer types, the Company requires payment before the products or services are delivered to the customer. The majority of our subscription customers are billed and pay on monthly terms. The following table presents changes in the deferred revenues balance by type of revenues: Six months ended June 30, 2021 Six months ended June 30, 2020 In thousands Advertising, Marketing Services, and Other Circulation Total Advertising, Marketing Services, and Other Circulation Total Beginning balance $ 51,686 $ 134,321 $ 186,007 $ 67,543 $ 151,280 $ 218,823 Cash receipts 132,167 512,262 644,429 141,146 595,078 736,224 Revenue recognized (130,545) (515,272) (645,817) (144,172) (596,887) (741,059) Ending balance $ 53,308 $ 131,311 $ 184,619 $ 64,517 $ 149,471 $ 213,988

Leases

Leases	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Leases	NOTE 3 — Leases We lease certain real estate, vehicles, and equipment. Our leases have remaining lease terms of one As of June 30, 2021, our condensed consolidated balance sheets included $278.4 million of operating lease right-to-use assets, $43.3 million of short-term operating lease liabilities included in Other current liabilities The components of lease expense are as follows: Three months ended June 30, Six months ended June 30, In thousands 2021 2020 2021 2020 Operating lease cost (a) $ 19,978 $ 21,872 $ 40,649 $ 41,505 Short-term lease cost (b) 423 1,345 565 4,487 Variable lease cost 2,637 2,565 5,721 6,816 Net lease cost $ 23,038 $ 25,782 $ 46,935 $ 52,808 (a) Includes sublease income of $1.8 million and $0.9 million for the three months ended June 30, 2021 and 2020, respectively, and $3.0 million and $2.0 million for the six months ended June 30, 2021 and 2020, respectively. (b) Excluding expenses relating to leases with a lease term of one month or less. Future minimum lease payments under non-cancellable leases are as follows: In thousands Year ended December 31, (a) 2021 (excluding the six months ended June 30, 2021) $ 34,897 2022 79,073 2023 66,118 2024 58,535 2025 49,499 Thereafter 206,312 Total future minimum lease payments 494,434 Less: Imputed interest (188,726) Total $ 305,708 (a) Operating lease payments exclude $13.8 million of legally binding minimum lease payments for leases signed but not yet commenced. Supplemental information related to leases is as follows: Six months ended June 30, In thousands, except lease term and discount rate 2021 2020 Cash paid for amounts included in the measurement of operating lease liabilities $ 43,076 $ 38,989 Right-of-use assets obtained in exchange for operating lease obligations 15,289 14,610 Loss on sale and leaseback transactions, net 2,014 — As of June 30, 2021 2020 Weighted-average remaining lease term (in years) 7.5 7.9 Weighted-average discount rate 12.82 % 12.78 %

Accounts receivable, net

Accounts receivable, net	6 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
Accounts receivable, net	NOTE 4 — Accounts receivable, net The Company performs its evaluation of the collectability of trade receivables based on customer category. For example, trade receivables from individual subscribers to our publications are evaluated separately from trade receivables related to advertising customers. For advertising trade receivables, the Company applies a "black motor formula" methodology as the baseline to calculate the allowance for doubtful accounts. The reserve percentage is calculated as a ratio of total net bad debts (less write-offs and recoveries) for the prior three-year period to total outstanding trade accounts receivable for the same three-year period. The calculated reserve percentage by customer category is applied to the consolidated gross advertising receivable balance, irrespective of aging. In addition, each category has specific reserves for at risk accounts that vary based on the nature of the underlying trade receivables. Due to the short-term nature of our circulation receivables, the Company reserves all receivables aged over 90 days. The following table presents changes in the allowance for doubtful accounts for the six months ended June 30, 2021 and 2020: Six months ended June 30, In thousands 2021 2020 Beginning balance $ 20,843 $ 19,923 Current period provision 681 17,345 Write-offs charged against the allowance (5,943) (12,019) Recoveries of amounts previously written-off 2,296 1,467 Foreign currency 78 (156) Ending balance $ 17,955 $ 26,560 The calculation of the allowance considers current economic, industry and customer-specific conditions relative to their respective operating environments in the incremental allowances recorded related to high-risk accounts, bankruptcies, receivables in repayment plan and other aging specific reserves. As a result of this analysis, the Company adjusts specific reserves and the amount of allowable credit as appropriate. The collectability of trade receivables related to advertising, marketing services and other customers depends on a variety of factors, including trends in the local and general economic conditions that affect our customers' ability to pay. The advertisers in our newspapers and other publications and related websites are primarily retail businesses that can be significantly affected by regional or national economic downturns and other developments that may impact our ability to collect on the related receivables. Similarly, while circulation revenues related to individual subscribers are primarily prepaid, changes in economic conditions may also affect our ability to collect on amounts owed from single copy circulation customers. For the three and six months ended June 30, 2021, the Company recorded $2.9 million and $0.7 million in bad debt expense, respectively. For the three and six months ended June 30, 2020, the Company recorded $12.2 million and $17.3 million in bad debt expense, respectively. Bad debt expense is included in Selling, general and administrative expenses on the condensed consolidated statements of operations and comprehensive income (loss). For the three months ended June 30, 2021, the Company recorded an increase in bad debt expense due to an increase in revenues and the related increase in accounts receivable. For the six months ended June 30, 2021, the Company recorded an overall reduction to bad debt expense compared to the six months ended June 30, 2020, due to a reduction in required reserves. The reduction in required reserves for the six months ended June 30, 2021 was due to a lower volume of accounts receivable due to seasonality, higher recoveries, and lower write-offs compared to the corresponding prior year period.

Goodwill and intangible assets

Goodwill and intangible assets	6 Months Ended
	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and intangible assets	NOTE 5 — Goodwill and intangible assets Goodwill and intangible assets consisted of the following: June 30, 2021 December 31, 2020 In thousands Gross carrying amount Accumulated Net carrying Gross carrying amount Accumulated Net carrying Finite-lived intangible assets: Advertiser relationships $ 458,584 $ 134,297 $ 324,287 $ 460,331 $ 112,468 $ 347,863 Other customer relationships 102,914 29,587 73,327 102,925 23,682 79,243 Subscriber relationships 255,443 85,825 169,618 255,702 71,271 184,431 Other intangible assets 68,687 36,390 32,297 68,687 26,982 41,705 Sub-total $ 885,628 $ 286,099 $ 599,529 $ 887,645 $ 234,403 $ 653,242 Indefinite-lived intangible assets: Mastheads 171,282 171,408 Total intangible assets $ 770,811 $ 824,650 Goodwill $ 534,218 $ 534,088 For goodwill, the Company determined the fair value of each reporting unit using a combination of a discounted cash flow analysis and a market-based approach. During the second quarter of 2021, the Company compared the fair value of each reporting unit to its carrying amount, which resulted in the fair value of all the reporting groups being in excess of their carrying values. For mastheads, the Company applied a “relief from royalty” approach, a discounted cash flow model, reflecting current assumptions, to fair value of the indefinite-lived intangible assets. During the second quarter of 2021, the Company compared the fair value of each indefinite-lived intangible asset to its carrying amount, which resulted in the fair value of each indefinite-lived intangible asset being in excess of its carrying value. In addition to the annual impairment test, the Company is required to regularly assess whether a triggering event has occurred under ASC 360, which would require interim impairment testing. As of June 30, 2021, the Company performed a review of potential impairment indicators and it was determined that no indicators of impairment were present.

Integration and reorganization

Integration and reorganization costs and asset impairments	6 Months Ended
	Jun. 30, 2021
Restructuring and Related Activities [Abstract]
Integration and reorganization costs and asset impairments	NOTE 6 — Integration and reorganization costs and asset impairments Over the past several years, 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 the Company’s operations and can be influenced by the terms of union contracts. Costs related to these programs, which primarily include severance expense, are accrued when probable and reasonably estimable or at the time of program announcement. Severance-related expenses We recorded severance-related expenses by segment as follows: Three months ended June 30, Six months ended June 30, In thousands 2021 2020 2021 2020 Publishing $ 1,405 $ 19,142 $ 8,184 $ 31,418 Digital Marketing Solutions (24) 2,753 (81) 4,137 Corporate and other (252) 3,847 123 11,966 Total $ 1,129 $ 25,742 $ 8,226 $ 47,521 A rollforward of the accrued severance and related costs included in Accounts payable and accrued expenses on the condensed consolidated balance sheets for the six months ended June 30, 2021 is as follows: In thousands Severance and Beginning balance $ 30,943 Restructuring provision included in integration and reorganization costs 8,226 Cash payments (25,527) Ending balance $ 13,642 The restructuring reserve balance is expected to be paid out over the next twelve months. Facility consolidation and other restructuring-related expenses We recorded facility consolidation charges and other restructuring-related costs by segment as follows: Three months ended June 30, Six months ended June 30, In thousands 2021 2020 2021 2020 Publishing $ (1,602) $ 1,477 $ (1,055) $ 2,509 Digital Marketing Solutions 228 209 451 214 Corporate and other 8,689 4,878 14,226 10,316 Total $ 7,315 $ 6,564 $ 13,622 $ 13,039 Asset impairments As part of ongoing cost efficiency programs, during the six months ended June 30, 2021 the Company recorded Asset impairment charges of $0.8 million at the Publishing segment related to various real estate sales. During both the three and six months ended June 30, 2020, the Company recorded $6.9 million of Asset impairment charges at the Publishing segment as a result of the Company's recoverability test for long-lived assets. Accelerated depreciation

Debt

Debt	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Debt	NOTE 7 — Debt Senior Secured 5-Year Term Loan On February 9, 2021, the Company entered into a five-year, senior-secured term loan facility with the lenders from time to time party thereto and Citibank, N.A., as collateral agent and administrative agent for the lenders, in an aggregate principal amount of $1.045 billion (the "5-Year Term Loan"). The 5-Year Term Loan matures on February 9, 2026 and, at the Company's option, bears interest at the rate of the London Interbank Offered Rate plus a margin equal to 7.00% per annum or an alternate base rate plus a margin equal to 6.00% per annum. Accordingly, we are required to dedicate a substantial portion of cash flow from operations to fund interest payments. Interest on the 5-Year Term Loan is payable at least every three months in arrears, beginning in May 2021. The proceeds from the 5-Year Term Loan were used to repay the remaining principal balance and accrued interest of $1.043 billion and $13.3 million, respectively, (the "Payoff") on the Company's five-year, senior-secured 11.5% term loan facility with Apollo Capital Management, L.P. (the "Acquisition Term Loan") and to pay fees and expenses incurred to obtain the 5-Year Term Loan. There were certain lenders that participated in both the Acquisition Term Loan and the new 5-Year Term Loan and their balances in the Acquisition Term Loan were deemed to be modified. The Company will continue to defer, over the new term, the deferred financing fees and original issue discount from the Acquisition Term Loan of $1.5 million and $34.7 million, respectively, related to those lenders. Further, certain lenders in the Acquisition Term Loan did not participate in the new 5-Year Term Loan and their balances in the Acquisition Term Loan were deemed to be extinguished. As a result, the Company recognized a Loss on early extinguishment of debt of $17.2 million in the first quarter of 2021 as a result of the write-off of the remaining original issue discount and deferred financing fees related to those lenders. Third party fees of approximately $13.0 million were allocated to the new lenders in the 5-Year Term Loan on a pro-rata basis, and $20.9 million of original issue discount were capitalized and will be amortized over the term of the 5-Year Term Loan using the effective interest method. Third party fees of $0.7 million and $10.9 million, which were allocated to the lenders whose balances were deemed to be modified, were expensed and recorded in Other operating expenses in the condensed consolidated statements of operations and comprehensive income (loss) for the three and six months ended June 30, 2021, respectively. The 5-Year Term Loan will amortize in equal quarterly installments at a rate of 10% per annum (or, if the ratio of Total Indebtedness secured on an equal priority basis with the 5-Year Term Loan (net of Unrestricted Cash) to Consolidated EBITDA (as such terms are defined in the 5-Year Term Loan) is equal to or less than a specified ratio, 5% per annum) (the "Quarterly Amortization Installment"), beginning September 30, 2021. In addition, we will be required to repay the 5-Year Term Loan from time to time with (i) the proceeds of non-ordinary course asset sales and casualty and condemnation events, (ii) the proceeds of indebtedness that is not otherwise permitted under the 5-Year Term Loan and (iii) the aggregate amount of cash and cash equivalents on hand in excess of $100 million at the end of each fiscal year. The 5-Year Term Loan is subject to a requirement to have minimum unrestricted cash of $30 million as of the last day of each fiscal quarter. As of June 30, 2021, the Company is in compliance with all of the covenants and obligations under the 5-Year Term Loan. As of June 30, 2021, the Company had $990.5 million in aggregate principal outstanding under the 5-Year Term Loan, $13.2 million of unamortized deferred financing costs, and $47.7 million of unamortized original issue discount and an effective interest rate of 9.5%. During the three months ended June 30, 2021, the Company recorded and paid $20.1 million for interest expense related to the 5-Year Term Loan. During the six months ended June 30, 2021, the Company recorded $31.3 million and $13.4 million of interest expense and paid $20.2 million and $13.4 million of interest for the 5-Year Term Loan and Acquisition Term Loan, respectively. Additionally, during the three and six months ended June 30, 2021, the Company had $2.8 million and $22.2 million, respectively, related to Loss on early extinguishment of debt, which related to the write-off of original issue discount and deferred financing fees as a result of early prepayments on the 5-Year Term Loan and Acquisition Term Loan. Included in the Loss on early extinguishment of debt for the six months ended June 30, 2021, was $17.2 million related to the write-off of the remaining original issue discount and deferred financing fees from the Acquisition Term Loan and approximately $2.2 million related to the write-off of original issue discount and deferred financing fees as a result of early prepayments on the Acquisition Term Loan prior to the Payoff. For the three and six months ended June 30, 2021, the Company recorded $1.0 million and $1.5 million, respectively, of amortization of deferred financing costs, and $3.4 million and $5.3 million, respectively, of amortization of original issue discount, for the 5-Year Term Loan. For the three and six months ended June 30, 2020, the Company recorded $0.3 million and $0.5 million, respectively, of amortization of deferred financing costs, and $5.6 million and $11.3 million, respectively, of amortization of original issue discount for the Acquisition Term Loan. Under the 5-Year Term Loan, the Company is contractually obligated to make prepayments with the proceeds from asset sales and may elect to make optional payments with excess free cash flow from operations. For the three and six months ended June 30, 2021, we made prepayments totaling $45.8 million and $54.5 million, respectively, which were classified as financing activities in the condensed consolidated statements of cash flows. These amounts are inclusive of both mandatory and optional prepayments. Senior Secured Convertible Notes due 2027 On November 17, 2020, the Company entered into an Exchange Agreement with certain of the lenders (the "Exchanging Lenders") under the Acquisition Term Loan pursuant to which the Company and the Exchanging Lenders agreed to exchange $497.1 million in aggregate principal amount of the Company’s newly issued 2027 Notes for the retirement of an equal amount of term loans under the Acquisition Term Loan (the "Exchange"). The 2027 Notes were issued pursuant to an Indenture (the "Indenture") dated as of November 17, 2020, between the Company and U.S. Bank National Association, as trustee. The Indenture, as supplemented by the Second Supplemental Indenture, includes affirmative and negative covenants that are substantially consistent with the 5-Year Term Loan, as well as customary events of default. In connection with the Exchange, the Company entered into an Investor Agreement with the holders of the 2027 Notes (the "Holders") establishing certain terms and conditions concerning the rights and restrictions on the Holders with respect to the Holders' ownership of the 2027 Notes. Interest on the 2027 Notes is payable semi-annually in arrears. The 2027 Notes mature on December 1, 2027, unless earlier repurchased or converted. The 2027 Notes may be converted at any time by the holders into cash, shares of the Company’s common stock, par value $0.01 per share (“Common Stock”) or any combination of cash and Common Stock, at the Company's election. The initial conversion rate is 200 shares of Common Stock per $1,000 principal amount of the 2027 Notes, which is equal to a conversion price of $5.00 per share of Common Stock (the "Conversion Price"). The conversion rate is subject to customary adjustment provisions as provided in the Indenture. In addition, the conversion rate will be subject to adjustment in the event of any issuance or sale of Common Stock (or securities convertible into Common Stock) at a price equal to or less than the Conversion Price in order to ensure that following such issuance or sale, the 2027 Notes would be convertible into approximately 42% of the Common Stock after giving effect to such issuance or sale assuming the initial principal amount of the 2027 Notes remains outstanding. Upon the occurrence of a "Make-Whole Fundamental Change" (as defined in the Indenture), the Company will in certain circumstances increase the conversion rate for a specified period of time. If a "Fundamental Change" (as defined in the Indenture) occurs, the Company will be required to offer to repurchase the 2027 Notes at a repurchase price of 110% of the principal amount thereof. Holders of the 2027 Notes will have the right to put up to approximately $100 million of the 2027 Notes at par on or after the date that is 91 days after the maturity date of the 5-Year Term Loan. Under the Indenture, the Company can only pay cash dividends up to an agreed-upon amount, provided the ratio of consolidated debt to EBITDA (as such terms are defined in the Indenture) does not exceed a specified ratio. In addition, the Indenture provides that, at any time that the Company’s Total Gross Leverage Ratio (as defined in the Indenture) exceeds 1.5 and the Company approves the declaration of a dividend, the Company must offer to purchase a principal amount of 2027 Notes equal to the proposed amount of the dividend. Until the four-year anniversary of the issuance date, the Company will have the right to redeem for cash up to approximately $99.4 million of the 2027 Notes at a redemption price of 130% of the principal amount thereof, with such amount reduced ratably by any principal amount of 2027 Notes that has been converted by the holders or redeemed or purchased by the Company. The 2027 Notes are guaranteed by Gannett Holdings LLC and any subsidiaries of the Company (collectively, the "Guarantors") that guarantee the 5-Year Term Loan. The Notes are secured by the same collateral securing the 5-Year Term Loan. The 2027 Notes rank as senior secured debt of the Company and are secured by a second priority lien on the same collateral package securing the indebtedness incurred in connection with the 5-Year Term Loan. Upon issuance, the $497.1 million principal value of the 2027 Notes was separated into two components: (i) a debt component and (ii) a derivative component. At that time, we determined that the conversion option was not clearly and closely related to the economic characteristics of the 2027 Notes, nor did the conversion option meet the scope exception related to contracts in an entity’s own equity as we did not have the ability to control whether the settlement of the conversion feature, if settled in full, would be in cash or shares due to the approval requirement to issue those shares. As a result, we concluded that the embedded conversion option must be separated from the debt liability, separately valued, and accounted for as a derivative liability. The initial value allocated to the derivative liability was $115.3 million, with a corresponding reduction in the carrying value of the 2027 Notes. The derivative liability was reported within Convertible debt in the condensed consolidated balance sheets at December 31, 2020 and was marked to fair value through earnings. The $389.1 million debt liability component of the 2027 Notes was initially measured at fair value using the present value of its cash flows at a discount rate of 10.7% and is reported as Convertible debt in the condensed consolidated balance sheets. The debt liability component of the 2027 Notes is classified as Level 2 because it is measured at fair value using commonly accepted valuation methodologies and indirectly observable, market-based risk measurements and historical data, and a review of prices and terms available for similar debt instruments that do not contain a conversion feature. At the Special Meeting of stockholders of the Company, held on February 26, 2021 (the "Special Meeting"), our stockholders approved the issuance of the maximum number of shares of Common Stock issuable upon conversion of the 2027 Notes. As a result, the conversion option can be share-settled in full. The Company concluded that as of February 26, 2021, the conversion option qualified for equity classification and the bifurcated derivative liability no longer needed to be accounted for as a separate derivative on a prospective basis from the date of reassessment. As of February 26, 2021, the fair value of the conversion option of $316.2 million was reclassified to Equity as Additional paid-in capital. Any remaining debt discount that arose at the date of debt issuance from the original bifurcation will continue to be amortized through interest expense. As of June 30, 2021, the deferred tax asset related to the embedded conversion feature of the 2027 Notes was reclassified to Equity as a reduction to Additional paid-in-capital and reduced the carrying amount of the equity component of the 2027 Notes to $283.7 million. As of February 26, 2021, the date of reassessment, and December 31, 2020, the estimated fair value of the derivative liability for the embedded conversion feature was $316.2 million and $189.6 million, respectively. At December 31, 2020, the derivative liability was reported within Convertible debt in the condensed consolidated balance sheets. The derivative liability was classified as Level 3 because it is measured at fair value on a recurring basis using a binomial lattice model using assumptions based on market information and historical data, and significant unobservable inputs. The increase in the fair value of the derivative liability of $126.6 million at the date of reassessment and reclassification to Equity was due to the increase in our stock price, partially offset by the increase in the discount rate, and was recorded in Non-Operating Other (income) expense, net in the condensed consolidated statements of operations and comprehensive income (loss) for the six months ended June 30, 2021. The loss due to the revaluation of the derivative is not deductible for tax purposes. The assumptions used to determine the fair value as of February 26, 2021 and December 31, 2020 were: February 26, 2021 December 31, 2020 Annual volatility 70.0 % 70.0 % Discount rate 12.2 % 9.3 % Stock price $ 4.95 $ 3.36 Total debt issuance costs of $2.3 million will be amortized over the 7-year contractual life of the 2027 Notes. The total unamortized discount of $103.4 million as of June 30, 2021 will be amortized over the remaining contractual life of the 2027 Notes. For the three and six months ended June 30, 2021, interest expense on the 2027 Notes totaled $7.4 million and $14.9 million, respectively. Amortization of the discount was $2.8 million and $5.1 million for the three and six months ended June 30, 2021, respectively. Amortization of debt issuance costs were immaterial for the three and six months ended June 30, 2021. The effective interest rate on the liability component of the 2027 Notes was 10.5% as of June 30, 2021. Additional information related to the liability component of the 2027 Notes includes the following: In thousands June 30, 2021 December 31, 2020 Net carrying value of liability component $ 393.7 $ 388.4 Unamortized discount of liability component $ 103.4 $ 108.7 For the six months ended June 30, 2021, no shares were issued upon conversion, exercise, or satisfaction of the required conditions. Refer to Note 10 — Supplemental equity information for details on the convertible debt's impact to diluted earnings per share under the if-converted method. Senior Convertible Notes due 2024

Pensions and other postretireme

Pensions and other postretirement benefit plans	6 Months Ended
	Jun. 30, 2021
Retirement Benefits [Abstract]
Pensions and other postretirement benefit plans	NOTE 8 — Pensions and other postretirement benefit plans We, along with our subsidiaries, sponsor various defined benefit retirement plans, including plans established under collective bargaining agreements. Our retirement plans include the Gannett Retirement Plan (the "GR Plan"), the Newsquest and Romanes Pension Schemes in the U.K. (the "U.K. Pension Plans"), and other defined benefit and defined contribution plans. We also provide health care and life insurance benefits to certain retired employees who meet age and service requirements. Retirement plan costs include the following components: Pension Benefits Postretirement Benefits Three months ended June 30, Three months ended June 30, In thousands 2021 2020 2021 2020 Operating expenses: Service cost - benefits earned during the period $ 469 $ 704 $ 13 $ 19 Non-operating expenses: Interest cost on benefit obligation 17,106 20,416 401 593 Expected return on plan assets (41,408) (38,551) — — Amortization of actuarial loss (gain) 42 (27) (47) 16 Total non-operating (benefit) expenses $ (24,260) $ (18,162) $ 354 $ 609 Total expense (benefit) for retirement plans $ (23,791) $ (17,458) $ 367 $ 628 Pension Benefits Postretirement Benefits Six months ended June 30, Six months ended June 30, In thousands 2021 2020 2021 2020 Operating expenses: Service cost - benefits earned during the period $ 980 $ 1,385 $ 44 $ 52 Non-operating expenses (Other income): Interest cost on benefit obligation 34,137 41,133 902 1,160 Expected return on plan assets (82,838) (78,367) — — Amortization of actuarial loss (gain) 77 (54) (62) 29 Total non-operating (benefit) expenses $ (48,624) $ (37,288) $ 840 $ 1,189 Total expense (benefit) for retirement plans $ (47,644) $ (35,903) $ 884 $ 1,241

Income taxes

Income taxes	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income taxes	NOTE 9 — Income taxes The following table outlines our pre-tax net income (loss) and income tax amounts: Three months ended June 30, Six months ended June 30, In thousands 2021 2020 2021 2020 Income (loss) before income taxes $ 32,401 $ (472,107) $ (119,409) $ (543,734) Provision (benefit) for income taxes 17,692 (34,276) 8,583 (25,297) Effective tax rate 54.6 % 7.3 % (7.2) % 4.7 % The provision for income taxes for the three months ended June 30, 2021 was mainly driven by pre-tax income and is impacted by the creation of valuation allowances on non-deductible interest expense carryforwards in combination with the U.K. enacted legislation to increase the statutory tax rate from 19% to 25%, effective April 1, 2023. While the U.K. corporate tax rate change does not impact 2021 or 2022 tax filings, the rate change impacts the tax effected value of the U.K. deferred tax liabilities. The provision was calculated using the estimated annual effective tax rate of 49.6%. The estimated annual effective tax rate is based on a projected tax expense for the full year. The tax provision for the six months ended June 30, 2021 was mainly driven by the pre-tax net loss generated during the first quarter of 2021. The tax provision is impacted by the derivative revaluation, which is nondeductible for tax purposes, partially offset by the creation of valuation allowances on non-deductible interest expense carryforwards as well as state income tax and foreign tax expense. As of June 30, 2021, we reclassified $32.5 million as tax effected in connection with the retirement of the deferred tax asset related to the embedded conversion feature associated with the Company’s 2027 Notes. The retirement of the deferred tax asset resulted from the reclassification of the embedded conversion feature from a derivative liability to Equity as a reduction to Additional paid-in-capital during the first quarter of 2021. See Note 7 - Debt for additional information about the Company's 2027 Notes. The total amount of unrecognized tax benefits that, if recognized, may impact the effective tax rate was approximately $42.9 million as of June 30, 2021 and $39.5 million as of December 31, 2020. The amount of accrued interest and penalties payable related to unrecognized tax benefits was $3.0 million as of June 30, 2021 and $2.6 million as of December 31, 2020. It is reasonably possible that further adjustments to our unrecognized tax benefits may be made within the next twelve months due to audit settlements and regulatory interpretations of existing tax laws. At this time, an estimate of potential change to the amount of unrecognized tax benefits cannot be made.

Supplemental equity information

Supplemental equity information	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Supplemental equity information	NOTE 10 — Supplemental equity information Income (loss) per share The following table sets forth the information used to compute basic and diluted income (loss) per share: Three months ended June 30, Six months ended June 30, In thousands, except per share data 2021 2020 2021 2020 Net income (loss) attributable to Gannett $ 15,115 $ (436,893) $ (127,201) $ (517,045) Interest adjustment to Net income (loss) attributable to Gannett related to assumed conversions of the 2027 Notes, net of taxes 7,470 — — — Net income (loss) attributable to Gannett for diluted earnings per share $ 22,585 $ (436,893) $ (127,201) $ (517,045) Basic weighted average shares outstanding 134,744 131,471 134,411 130,999 Effect of dilutive securities: Restricted stock grants 3,350 — — — 2027 Notes 99,419 — — — Diluted weighted average shares outstanding 237,513 131,471 134,411 130,999 Income (loss) per share attributable to Gannett - basic $ 0.11 $ (3.32) $ (0.95) $ (3.95) Income (loss) per share attributable to Gannett - diluted $ 0.10 $ (3.32) $ (0.95) $ (3.95) The Company excluded the following securities from the computation of diluted income per share because their effect would have been antidilutive: Three months ended June 30, Six months ended June 30, In thousands 2021 2020 2021 2020 Warrants 845 1,362 845 1,362 Stock options 6,068 6,068 6,068 6,068 Restricted stock grants (a) 46 8,510 10,577 8,510 2027 Notes (b) — — 99,419 — (a) Includes Restricted stock awards ("RSAs"), Restricted stock units ("RSUs") and Performance stock units ("PSUs"). (b) Represents the total number of shares that would be convertible at June 30, 2021 as stipulated in the Indenture. The 2027 Notes may be converted at any time by the holders into cash, shares of the Company’s Common Stock or any combination of cash and Common Stock, at the Company’s election. Conversion of all of the 2027 Notes into Common Stock (assuming the maximum increase in the conversion rate as a result of a Make-Whole Fundamental Change but no other adjustments to the conversion rate), would result in the issuance of an aggregate of 294.2 million shares of Common Stock. The Company has excluded approximately 194.8 million shares from the loss per share calculation, representing the difference between the total number of shares that would be convertible at June 30, 2021 and the total number of shares issuable assuming the maximum increase in the conversion rate. Share-based compensation The Company recognized compensation cost for share-based payments of $5.8 million and $9.2 million for the three and six months ended June 30, 2021, respectively, and $7.4 million and $19.0 million for the three and six months ended June 30, 2020, respectively. The total compensation cost not yet recognized related to non-vested awards as of June 30, 2021 was $34.8 million, which is expected to be recognized over a weighted-average period of 2.3 years through September 2023. Restricted stock awards During the six months ended June 30, 2021, a total of 4.1 million RSAs were granted. RSAs generally vest in equal annual installments over a three-year period subject to the participants' continued employment with the Company. The weighted average grant date fair value of RSAs granted during the six months ended June 30, 2021 was $5.28. Rights Agreement On April 6, 2020, the Company's board of directors (the "Board") adopted a stockholder rights plan in the form of a Section 382 Rights Agreement ("Rights Agreement") to preserve and protect the Company's income tax net operating loss carryforwards ("NOLs") and other tax assets. The Rights Agreement was approved by the Company's stockholders on June 7, 2021 at the 2021 annual meeting of stockholders. As of December 31, 2020, the Company had approximately $543.5 million of NOLs available which could be used in certain circumstances to offset future federal taxable income. Under the Rights Agreement, the Board declared a non-taxable dividend of one preferred share purchase right for each outstanding share of Common Stock. The rights will be exercisable only if a person or group acquires 4.99% or more of Gannett’s Common Stock. Gannett’s existing stockholders that beneficially own in excess of 4.99% of the Common Stock are "grandfathered in" at their current ownership level and the rights then become exercisable if any of those stockholders acquire an additional 0.5% or more of Common Stock of the Company. If the rights become exercisable, all holders of rights, other than the person or group triggering the rights, will be entitled to purchase Gannett Common Stock at a 50% discount or Gannett may exchange each right held by such holders for one share of Common Stock. Rights held by the person or group triggering the rights will become void and will not be exercisable. The Board has the discretion to exempt any person or group from the provisions of the Rights Agreement. The Rights Agreement will continue in effect until April 5, 2023. The Board has the ability to terminate the plan if it determines that doing so would be in the best interest of Gannett’s stockholders. The rights may also expire at an earlier date if certain events occur, as described more fully in the Rights Agreement filed by the Company with the Securities and Exchange Commission. Preferred stock The Company has authorized 300,000 shares of preferred stock, par value $0.01 per share, issuable in one or more series designated by the Board, of which 150,000 shares have been designated as Series A Junior Participating Preferred Stock, none of which are outstanding. There were no issuances of preferred stock during the six months ended June 30, 2021. Accumulated other comprehensive income (loss) The following tables summarize the components of, and the changes in, Accumulated other comprehensive income (loss), net of tax for the six months ended June 30, 2021 and 2020: Six months ended June 30, 2021 Six months ended June 30, 2020 In thousands Pension and Postretirement Plans Foreign Currency Translation Total Pension and Postretirement Plans Foreign Currency Translation Total Beginning balance $ 40,441 $ 9,732 $ 50,173 $ 936 $ 7,266 $ 8,202 Other comprehensive income (loss) before reclassifications (958) 4,787 3,829 (4,961) (16,585) (21,546) Amounts reclassified from accumulated other comprehensive income (loss) (a)(b) 11 — 11 (18) — (18) Net current period other comprehensive income (loss), net of taxes (947) 4,787 3,840 (4,979) (16,585) (21,564) Ending balance $ 39,494 $ 14,519 $ 54,013 $ (4,043) $ (9,319) $ (13,362) (a) This accumulated other comprehensive income (loss) component is included in the computation of net periodic benefit cost. See Note 8 — Pensions and other postretirement benefit plans. (b) Amounts reclassified from accumulated other comprehensive loss are recorded net of tax impacts of $4 thousand and $7 thousand for the six months ended June 30, 2021 and 2020, respectively.

Fair value measurement

Fair value measurement	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair value measurement	NOTE 11 — Fair value measurement In accordance with ASC 820, "Fair Value Measurement," fair value measurements are required to be disclosed using a three-tiered fair value hierarchy which distinguishes between assumptions based on market data (observable inputs) and the Company’s own assumptions (unobservable inputs). Level 1 refers to fair values determined based on quoted prices in active markets for identical assets or liabilities, Level 2 refers to fair values estimated using significant other observable inputs and Level 3 includes fair values estimated using significant unobservable inputs. As of June 30, 2021 and December 31, 2020, assets and liabilities recorded at fair value and measured on a recurring basis primarily consist of pension plan assets. As permitted by U.S. GAAP, we use net asset values ("NAV") as a practical expedient to determine the fair value of certain investments. These investments measured at NAV have not been classified in the fair value hierarchy. The 5-Year Term Loan is recorded at carrying value, which approximates fair value in the condensed consolidated balance sheets and is classified as Level 2. Refer to additional discussion regarding fair value of the 2027 Notes in Note 7 — Debt. 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). Assets held for sale (Level 3) are measured on a nonrecurring basis and are evaluated using executed purchase agreements, letters of intent or third-party valuation analyses when certain circumstances arise. Assets held for sale totaled $13.1 million as of June 30, 2021 and $14.7 million as of December 31, 2020. The Company performs its annual goodwill and indefinite-lived intangible impairment assessment during the second quarter of the year. Any resulting asset impairment would require that the asset be recorded at its fair value. The resulting fair value measurements of the assets are considered to be Level 3 measurements. Refer to Note 5 — Goodwill and intangible assets for additional discussion regarding the annual impairment assessment.

Commitments, contingencies and

Commitments, contingencies and other matters	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments, contingencies and other matters	NOTE 12 — Commitments, contingencies and other matters Legal Proceedings 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 matters such as libel, invasion of privacy, intellectual property infringement, wrongful termination actions, 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 consolidated results of operations or financial position. Environmental contingency We assumed responsibility for certain alleged environmental contingencies in connection with our acquisition of Gannett Co., Inc. (which was renamed Gannett Media Corp. and is referred to as "Legacy Gannett") in the fourth quarter of 2019. Those environmental contingencies include a March 2011 claim by the U.S. Environmental Protection Agency (the "EPA") against The Advertiser Company ("Advertiser"), a subsidiary that publishes the Montgomery Advertiser . The EPA identified Advertiser as a potentially responsible party ("PRP") for the investigation and potential remediation of groundwater contamination in downtown Montgomery, Alabama. The Advertiser became a member of the Downtown Environmental Alliance (the "Alliance"), which has agreed to jointly fund and conduct all required investigation and remediation. In 2016, the Advertiser and other members of the Alliance reached a settlement with the EPA regarding the costs the EPA spent to investigate the site. The EPA transferred responsibility for oversight of the site to the Alabama Department of Environmental Management, which approved a site investigation by the Alliance and subsequently determined that a monitoring-only remedy was appropriate. While long-term soil vapor and groundwater monitoring continues, at this time, we do not believe it is reasonably likely that this matter will become a material liability. Other litigation We are defendants in judicial and administrative proceedings involving matters incidental to our business. 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. Other Redeemable noncontrolling interests

Segment reporting

Segment reporting	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Segment reporting	NOTE 13 — Segment reporting We define our reportable segments based on the way the Chief Operating Decision Maker ("CODM"), which is our Chief Executive Officer, manages the operations for purposes of allocating resources and assessing performance. Our reportable segments include the following: • Publishing is comprised of our portfolio of local, regional, national, and international newspaper publishers. The results of this segment include Advertising and marketing services revenues from local, classified, and national advertising across multiple platforms, including print, online, mobile, and tablet as well as niche publications, Circulation revenues from home delivery, digital distribution and single copy sales of our publications, and Other revenues, mainly from commercial printing, distribution arrangements, revenues from our events business, digital content syndication and affiliate revenues and third-party newsprint sales. The Publishing reportable segment is an aggregation of two operating segments: Domestic Publishing and U.K. Publishing. • Digital Marketing Solutions is comprised of our digital marketing solutions subsidiary, ReachLocal. The results of this segment include Advertising and marketing services revenues through multiple services, including search advertising, display advertising, search optimization, social media, website development, web presence products, customer relationship management, and software-as-a-service solutions. In addition to the above operating segments, we have a Corporate and other category that includes activities not directly attributable to a specific segment. This category primarily consists of broad corporate functions, including legal, human resources, accounting, finance and marketing as well as other general business costs. In the ordinary course of business, our reportable segments enter into transactions with one another. While intersegment transactions are treated like third-party transactions to determine segment performance, the revenues and expenses recognized by the segment that is the counterparty to the transaction are eliminated in consolidation and do not affect consolidated results. The CODM uses Adjusted EBITDA, Adjusted EBITDA margin, and Adjusted Net income (loss) attributable to Gannett to evaluate the performance of the segments and allocate resources. Adjusted EBITDA, Adjusted EBITDA margin, and Adjusted Net income (loss) attributable to Gannett are non-GAAP financial performance measures we believe offer a useful view of the overall operation of our businesses and may be different than similarly-titled measures used by other companies. We define Adjusted EBITDA as Net income (loss) attributable to Gannett before (1) Income tax expense (benefit), (2) Interest expense, (3) Gains or losses on the early extinguishment of debt, (4) Non-operating pension income (expense), (5) Loss on Convertible notes derivative, (6) Other non-operating items, including equity income, (7) Depreciation and amortization, (8) Integration and reorganization costs, (9) Asset impairments, (10) Goodwill and intangible impairments, (11) Gains or losses on the sale or disposal of assets, (12) Share-based compensation, (13) Other operating expenses, including third-party debt expenses and acquisition costs, (14) Gains or losses on the sale of investments and (15) certain other non-recurring charges. We define Adjusted EBITDA margin as Adjusted EBITDA divided by total Operating revenues. We define Adjusted Net income (loss) attributable to Gannett before (1) Gains or losses on the early extinguishment of debt, (2) Loss on Convertible notes derivative, (3) Integration and reorganization costs, (4) Other operating expenses, including third-party debt expenses and acquisition costs, (5) Asset impairments, (6) Goodwill and intangibles impairments, (7) Gains or losses on the sale or disposal of assets, and (8) the tax impact of the above items. Management considers Adjusted EBITDA, Adjusted EBITDA margin, and Adjusted Net income (loss) attributable to Gannett to be the appropriate metrics to evaluate and compare the ongoing operating performance of our segments on a consistent basis across reporting periods as it eliminates the effect of items which we do not believe are indicative of each segment's core operating performance. The following tables present our segment information: Three months ended June 30, 2021 In thousands Publishing Digital Marketing Solutions Corporate and other Intersegment Eliminations Consolidated Advertising and marketing services - external sales $ 309,469 $ 110,037 $ 604 $ — $ 420,110 Advertising and marketing services - intersegment sales 32,012 — — (32,012) — Circulation 310,258 — 1 — 310,259 Other 72,806 — 1,100 — 73,906 Total operating revenues $ 724,545 $ 110,037 $ 1,705 $ (32,012) $ 804,275 Adjusted EBITDA (non-GAAP basis) $ 114,189 $ 12,529 $ (10,949) $ — $ 115,769 Three months ended June 30, 2020 In thousands Publishing Digital Marketing Solutions Corporate and other Intersegment Eliminations Consolidated Advertising and marketing services - external sales $ 266,398 $ 89,809 $ 711 $ — $ 356,918 Advertising and marketing services - intersegment sales 25,854 — — (25,854) — Circulation 342,645 — 1 — 342,646 Other 60,996 4,754 1,686 — 67,436 Total operating revenues $ 695,893 $ 94,563 $ 2,398 $ (25,854) $ 767,000 Adjusted EBITDA (non-GAAP basis) $ 91,991 $ 2,784 $ (16,757) $ — $ 78,018 Six months ended June 30, 2021 In thousands Publishing Digital Marketing Solutions Corporate and other Intersegment Eliminations Consolidated Advertising and marketing services - external sales $ 595,923 $ 211,413 $ 1,131 $ — $ 808,467 Advertising and marketing services - intersegment sales 59,868 — — (59,868) — Circulation 635,694 — 2 — 635,696 Other 132,645 905 3,646 — 137,196 Total operating revenues $ 1,424,130 $ 212,318 $ 4,779 $ (59,868) $ 1,581,359 Adjusted EBITDA (non-GAAP basis) $ 216,397 $ 21,701 $ (21,864) $ — $ 216,234 Six months ended June 30, 2020 In thousands Publishing Digital Marketing Solutions Corporate and other Intersegment Eliminations Consolidated Advertising and marketing services - external sales $ 636,277 $ 206,092 $ 1,560 $ — $ 843,929 Advertising and marketing services - intersegment sales 59,611 — — (59,611) — Circulation 717,365 — 4 — 717,369 Other 140,790 9,752 3,843 — 154,385 Total operating revenues $ 1,554,043 $ 215,844 $ 5,407 $ (59,611) $ 1,715,683 Adjusted EBITDA (non-GAAP basis) $ 203,014 $ 10,668 $ (36,598) $ — $ 177,084 The table below shows the reconciliation of Net income (loss) attributable to Gannett to Adjusted EBITDA and Net income (loss) attributable to Gannett margin to Adjusted EBITDA margin: Three months ended June 30, Six months ended June 30, In thousands 2021 2020 2021 2020 Net income (loss) attributable to Gannett $ 15,115 $ (436,893) $ (127,201) $ (517,045) Provision (benefit) for income taxes 17,692 (34,276) 8,583 (25,297) Interest expense 35,264 57,928 74,767 115,827 Loss on early extinguishment of debt 2,834 369 22,235 1,174 Non-operating pension income (23,906) (17,553) (47,784) (36,099) Loss on Convertible notes derivative — — 126,600 — Other non-operating income, net (1,148) (6,261) (3,023) (4,616) Depreciation and amortization 48,242 66,327 106,345 144,352 Integration and reorganization costs 8,444 32,306 21,848 60,560 Other operating expenses 774 2,379 11,350 8,348 Asset impairments — 6,859 833 6,859 Goodwill and intangible impairments — 393,446 — 393,446 Net loss on sale or disposal of assets 5,294 88 10,039 745 Share-based compensation expense 5,779 7,391 9,202 18,968 Other items 1,385 5,908 2,440 9,862 Adjusted EBITDA (non-GAAP basis) $ 115,769 $ 78,018 $ 216,234 $ 177,084 Net income (loss) attributable to Gannett margin 1.9 % (57.0) % (8.0) % (30.1) % Adjusted EBITDA margin (non-GAAP basis) 14.4 % 10.2 % 13.7 % 10.3 % The table below shows the reconciliation of Net income (loss) attributable to Gannett to Adjusted Net income (loss) attributable to Gannett: Three months ended June 30, Six months ended June 30, In thousands 2021 2020 2021 2020 Net income (loss) attributable to Gannett $ 15,115 $ (436,893) $ (127,201) $ (517,045) Loss on early extinguishment of debt 2,834 369 22,235 1,174 Loss on Convertible notes derivative — — 126,600 — Integration and reorganization costs 8,444 32,306 21,848 60,560 Other operating expenses 774 2,379 11,350 8,348 Asset impairments — 6,859 833 6,859 Goodwill and intangible impairments — 393,446 — 393,446 Net loss on sale or disposal of assets 5,294 88 10,039 745 Subtotal 32,461 (1,446) 65,704 (45,913) Tax impact of above items (2,403) (3,734) (21,009) (35,915) Adjusted Net income (loss) attributable to $ 30,058 $ (5,180) $ 44,695 $ (81,828)

Other supplemental information

Other supplemental information	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Other supplemental information	NOTE 14 — Other supplemental information Cash and cash equivalents, including restricted cash Cash equivalents represent highly liquid certificates of deposit which have original maturities of three months or less. Restricted cash is held as cash collateral for certain business operations. Restricted cash primarily consists of funding for letters of credit and cash held in an irrevocable grantor trust for our deferred compensation plans. The restrictions will lapse when benefits are paid to plan participants and their beneficiaries as specified in the plans. The following table presents a reconciliation of cash, cash equivalents and restricted cash: June 30, In thousands 2021 2020 Cash and cash equivalents $ 158,563 $ 158,603 Restricted cash included in other current assets 4,879 9,298 Restricted cash included in investments and other assets 22,702 21,266 Total cash, cash equivalents and restricted cash $ 186,144 $ 189,167 Supplemental cash flow information The following table presents supplemental cash flow information, including non-cash investing and financing activities: Six months ended June 30, In thousands 2021 2020 Net cash refund for taxes $ (8,703) $ (1,720) Cash paid for interest 49,902 125,311 Non-cash investing and financing activities: Accrued capital expenditures $ 924 $ 718 Accounts payable and accrued liabilities A breakout of Accounts payable and accrued liabilities is presented below: In thousands June 30, 2021 December 31, 2020 Accounts payable $ 143,827 $ 131,797 Compensation 88,123 115,061 Taxes (primarily property and sales taxes) 27,809 30,834 Benefits 22,392 22,821 Interest 13,564 3,676 Other 56,204 74,057 Accounts payable and accrued liabilities $ 351,919 $ 378,246

Description of Business and b_2

Description of Business and basis of presentation (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation Our condensed consolidated financial statements are unaudited; however, in the opinion of management, they contain all of the adjustments (consisting of those of a normal, recurring nature) considered necessary to present fairly the financial position, results of operations, and cash flows for the periods presented in conformity with U.S. generally accepted accounting principles ("U.S. GAAP") applicable to interim periods. All significant intercompany accounts and transactions have been eliminated in consolidation. The Company consolidates entities that it controls due to ownership of a majority voting interest. The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2020.
Use of estimates	Use of estimates The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the unaudited condensed consolidated financial statements and footnotes thereto. Actual results could differ from those estimates. Significant estimates inherent in the preparation of the condensed consolidated financial statements include pension and postretirement benefit obligation assumptions, income taxes, goodwill and intangible asset impairment analysis, valuation of property, plant and equipment and intangible assets and the mark to market of the conversion feature associated with the convertible debt.
Recent accounting pronouncements adopted and Recent accounting pronouncements not yet adopted	Recent accounting pronouncements adopted Simplifying the Accounting for Income Taxes In December 2019, the Financial Accounting Standards Board (the "FASB") issued new guidance that simplifies the accounting for income taxes. The guidance amends the rules for recognizing deferred taxes for investments, performing intraperiod tax allocations and calculating income taxes in interim periods. It also reduces complexity in certain areas, including accounting for transactions that result in a step-up in the tax basis of goodwill and allocating taxes to members of a consolidated group. This guidance is effective for fiscal years beginning after December 15, 2020, with early adoption permitted. While adopting this guidance allowed the Company to record a tax benefit for the first quarter of 2021 because year-to-date losses on interim periods are no longer limited to losses annually forecasted, it did not have a material impact on the Company's condensed consolidated financial statements in the second quarter of 2021. Recent accounting pronouncements not yet adopted Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity

Revenues (Tables)

Revenues (Tables)	6 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Schedule of disaggregation of revenue	The following table presents our revenues disaggregated by source: Three months ended June 30, Six months ended June 30, In thousands 2021 2020 2021 2020 Print advertising $ 200,925 $ 188,158 $ 394,121 $ 456,000 Digital advertising and marketing services 219,185 168,760 414,346 387,929 Total advertising and marketing services 420,110 356,918 808,467 843,929 Circulation 310,259 342,646 635,696 717,369 Other 73,906 67,436 137,196 154,385 Total revenues $ 804,275 $ 767,000 $ 1,581,359 $ 1,715,683
Schedule of deferred revenue	The following table presents changes in the deferred revenues balance by type of revenues: Six months ended June 30, 2021 Six months ended June 30, 2020 In thousands Advertising, Marketing Services, and Other Circulation Total Advertising, Marketing Services, and Other Circulation Total Beginning balance $ 51,686 $ 134,321 $ 186,007 $ 67,543 $ 151,280 $ 218,823 Cash receipts 132,167 512,262 644,429 141,146 595,078 736,224 Revenue recognized (130,545) (515,272) (645,817) (144,172) (596,887) (741,059) Ending balance $ 53,308 $ 131,311 $ 184,619 $ 64,517 $ 149,471 $ 213,988

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Schedule of lease cost	The components of lease expense are as follows: Three months ended June 30, Six months ended June 30, In thousands 2021 2020 2021 2020 Operating lease cost (a) $ 19,978 $ 21,872 $ 40,649 $ 41,505 Short-term lease cost (b) 423 1,345 565 4,487 Variable lease cost 2,637 2,565 5,721 6,816 Net lease cost $ 23,038 $ 25,782 $ 46,935 $ 52,808 (a) Includes sublease income of $1.8 million and $0.9 million for the three months ended June 30, 2021 and 2020, respectively, and $3.0 million and $2.0 million for the six months ended June 30, 2021 and 2020, respectively. (b) Excluding expenses relating to leases with a lease term of one month or less. Supplemental information related to leases is as follows: Six months ended June 30, In thousands, except lease term and discount rate 2021 2020 Cash paid for amounts included in the measurement of operating lease liabilities $ 43,076 $ 38,989 Right-of-use assets obtained in exchange for operating lease obligations 15,289 14,610 Loss on sale and leaseback transactions, net 2,014 — As of June 30, 2021 2020 Weighted-average remaining lease term (in years) 7.5 7.9 Weighted-average discount rate 12.82 % 12.78 %
Summary of operating lease liability, maturity	Future minimum lease payments under non-cancellable leases are as follows: In thousands Year ended December 31, (a) 2021 (excluding the six months ended June 30, 2021) $ 34,897 2022 79,073 2023 66,118 2024 58,535 2025 49,499 Thereafter 206,312 Total future minimum lease payments 494,434 Less: Imputed interest (188,726) Total $ 305,708 (a) Operating lease payments exclude $13.8 million of legally binding minimum lease payments for leases signed but not yet commenced.

Accounts receivable, net (Table

Accounts receivable, net (Tables)	6 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
Schedule of allowance for doubtful accounts	The following table presents changes in the allowance for doubtful accounts for the six months ended June 30, 2021 and 2020: Six months ended June 30, In thousands 2021 2020 Beginning balance $ 20,843 $ 19,923 Current period provision 681 17,345 Write-offs charged against the allowance (5,943) (12,019) Recoveries of amounts previously written-off 2,296 1,467 Foreign currency 78 (156) Ending balance $ 17,955 $ 26,560

Goodwill and intangible assets

Goodwill and intangible assets (Tables)	6 Months Ended
	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill, indefinite-lived intangible assets, and amortizable intangible assets	Goodwill and intangible assets consisted of the following: June 30, 2021 December 31, 2020 In thousands Gross carrying amount Accumulated Net carrying Gross carrying amount Accumulated Net carrying Finite-lived intangible assets: Advertiser relationships $ 458,584 $ 134,297 $ 324,287 $ 460,331 $ 112,468 $ 347,863 Other customer relationships 102,914 29,587 73,327 102,925 23,682 79,243 Subscriber relationships 255,443 85,825 169,618 255,702 71,271 184,431 Other intangible assets 68,687 36,390 32,297 68,687 26,982 41,705 Sub-total $ 885,628 $ 286,099 $ 599,529 $ 887,645 $ 234,403 $ 653,242 Indefinite-lived intangible assets: Mastheads 171,282 171,408 Total intangible assets $ 770,811 $ 824,650 Goodwill $ 534,218 $ 534,088

Integration and reorganizatio_2

Integration and reorganization costs and asset impairments (Tables)	6 Months Ended
	Jun. 30, 2021
Restructuring and Related Activities [Abstract]
Schedule of restructuring and related costs	We recorded severance-related expenses by segment as follows: Three months ended June 30, Six months ended June 30, In thousands 2021 2020 2021 2020 Publishing $ 1,405 $ 19,142 $ 8,184 $ 31,418 Digital Marketing Solutions (24) 2,753 (81) 4,137 Corporate and other (252) 3,847 123 11,966 Total $ 1,129 $ 25,742 $ 8,226 $ 47,521 A rollforward of the accrued severance and related costs included in Accounts payable and accrued expenses on the condensed consolidated balance sheets for the six months ended June 30, 2021 is as follows: In thousands Severance and Beginning balance $ 30,943 Restructuring provision included in integration and reorganization costs 8,226 Cash payments (25,527) Ending balance $ 13,642
Schedule of consolidation charges and accelerated depreciation	We recorded facility consolidation charges and other restructuring-related costs by segment as follows: Three months ended June 30, Six months ended June 30, In thousands 2021 2020 2021 2020 Publishing $ (1,602) $ 1,477 $ (1,055) $ 2,509 Digital Marketing Solutions 228 209 451 214 Corporate and other 8,689 4,878 14,226 10,316 Total $ 7,315 $ 6,564 $ 13,622 $ 13,039

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Summary of Fair Value Assumptions	The assumptions used to determine the fair value as of February 26, 2021 and December 31, 2020 were: February 26, 2021 December 31, 2020 Annual volatility 70.0 % 70.0 % Discount rate 12.2 % 9.3 % Stock price $ 4.95 $ 3.36
Schedule of Debt	In thousands June 30, 2021 December 31, 2020 Net carrying value of liability component $ 393.7 $ 388.4 Unamortized discount of liability component $ 103.4 $ 108.7

Pensions and other postretire_2

Pensions and other postretirement benefit plans (Tables)	6 Months Ended
	Jun. 30, 2021
Retirement Benefits [Abstract]
Summary of benefit costs	Retirement plan costs include the following components: Pension Benefits Postretirement Benefits Three months ended June 30, Three months ended June 30, In thousands 2021 2020 2021 2020 Operating expenses: Service cost - benefits earned during the period $ 469 $ 704 $ 13 $ 19 Non-operating expenses: Interest cost on benefit obligation 17,106 20,416 401 593 Expected return on plan assets (41,408) (38,551) — — Amortization of actuarial loss (gain) 42 (27) (47) 16 Total non-operating (benefit) expenses $ (24,260) $ (18,162) $ 354 $ 609 Total expense (benefit) for retirement plans $ (23,791) $ (17,458) $ 367 $ 628 Pension Benefits Postretirement Benefits Six months ended June 30, Six months ended June 30, In thousands 2021 2020 2021 2020 Operating expenses: Service cost - benefits earned during the period $ 980 $ 1,385 $ 44 $ 52 Non-operating expenses (Other income): Interest cost on benefit obligation 34,137 41,133 902 1,160 Expected return on plan assets (82,838) (78,367) — — Amortization of actuarial loss (gain) 77 (54) (62) 29 Total non-operating (benefit) expenses $ (48,624) $ (37,288) $ 840 $ 1,189 Total expense (benefit) for retirement plans $ (47,644) $ (35,903) $ 884 $ 1,241

Income taxes (Tables)

Income taxes (Tables)	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Schedule of components of income tax expense (benefit)	The following table outlines our pre-tax net income (loss) and income tax amounts: Three months ended June 30, Six months ended June 30, In thousands 2021 2020 2021 2020 Income (loss) before income taxes $ 32,401 $ (472,107) $ (119,409) $ (543,734) Provision (benefit) for income taxes 17,692 (34,276) 8,583 (25,297) Effective tax rate 54.6 % 7.3 % (7.2) % 4.7 %

Supplemental equity informati_2

Supplemental equity information (Tables)	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Schedule of earnings (loss) per share (basic and diluted)	The following table sets forth the information used to compute basic and diluted income (loss) per share: Three months ended June 30, Six months ended June 30, In thousands, except per share data 2021 2020 2021 2020 Net income (loss) attributable to Gannett $ 15,115 $ (436,893) $ (127,201) $ (517,045) Interest adjustment to Net income (loss) attributable to Gannett related to assumed conversions of the 2027 Notes, net of taxes 7,470 — — — Net income (loss) attributable to Gannett for diluted earnings per share $ 22,585 $ (436,893) $ (127,201) $ (517,045) Basic weighted average shares outstanding 134,744 131,471 134,411 130,999 Effect of dilutive securities: Restricted stock grants 3,350 — — — 2027 Notes 99,419 — — — Diluted weighted average shares outstanding 237,513 131,471 134,411 130,999 Income (loss) per share attributable to Gannett - basic $ 0.11 $ (3.32) $ (0.95) $ (3.95) Income (loss) per share attributable to Gannett - diluted $ 0.10 $ (3.32) $ (0.95) $ (3.95)
Schedule of securities from computation of diluted income per share	The Company excluded the following securities from the computation of diluted income per share because their effect would have been antidilutive: Three months ended June 30, Six months ended June 30, In thousands 2021 2020 2021 2020 Warrants 845 1,362 845 1,362 Stock options 6,068 6,068 6,068 6,068 Restricted stock grants (a) 46 8,510 10,577 8,510 2027 Notes (b) — — 99,419 — (a) Includes Restricted stock awards ("RSAs"), Restricted stock units ("RSUs") and Performance stock units ("PSUs"). (b) Represents the total number of shares that would be convertible at June 30, 2021 as stipulated in the Indenture.
Schedule of accumulated other comprehensive income (loss)	The following tables summarize the components of, and the changes in, Accumulated other comprehensive income (loss), net of tax for the six months ended June 30, 2021 and 2020: Six months ended June 30, 2021 Six months ended June 30, 2020 In thousands Pension and Postretirement Plans Foreign Currency Translation Total Pension and Postretirement Plans Foreign Currency Translation Total Beginning balance $ 40,441 $ 9,732 $ 50,173 $ 936 $ 7,266 $ 8,202 Other comprehensive income (loss) before reclassifications (958) 4,787 3,829 (4,961) (16,585) (21,546) Amounts reclassified from accumulated other comprehensive income (loss) (a)(b) 11 — 11 (18) — (18) Net current period other comprehensive income (loss), net of taxes (947) 4,787 3,840 (4,979) (16,585) (21,564) Ending balance $ 39,494 $ 14,519 $ 54,013 $ (4,043) $ (9,319) $ (13,362) (a) This accumulated other comprehensive income (loss) component is included in the computation of net periodic benefit cost. See Note 8 — Pensions and other postretirement benefit plans. (b) Amounts reclassified from accumulated other comprehensive loss are recorded net of tax impacts of $4 thousand and $7 thousand for the six months ended June 30, 2021 and 2020, respectively.

Segment reporting (Tables)

Segment reporting (Tables)	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Schedule of segment reporting information, by segment	The following tables present our segment information: Three months ended June 30, 2021 In thousands Publishing Digital Marketing Solutions Corporate and other Intersegment Eliminations Consolidated Advertising and marketing services - external sales $ 309,469 $ 110,037 $ 604 $ — $ 420,110 Advertising and marketing services - intersegment sales 32,012 — — (32,012) — Circulation 310,258 — 1 — 310,259 Other 72,806 — 1,100 — 73,906 Total operating revenues $ 724,545 $ 110,037 $ 1,705 $ (32,012) $ 804,275 Adjusted EBITDA (non-GAAP basis) $ 114,189 $ 12,529 $ (10,949) $ — $ 115,769 Three months ended June 30, 2020 In thousands Publishing Digital Marketing Solutions Corporate and other Intersegment Eliminations Consolidated Advertising and marketing services - external sales $ 266,398 $ 89,809 $ 711 $ — $ 356,918 Advertising and marketing services - intersegment sales 25,854 — — (25,854) — Circulation 342,645 — 1 — 342,646 Other 60,996 4,754 1,686 — 67,436 Total operating revenues $ 695,893 $ 94,563 $ 2,398 $ (25,854) $ 767,000 Adjusted EBITDA (non-GAAP basis) $ 91,991 $ 2,784 $ (16,757) $ — $ 78,018 Six months ended June 30, 2021 In thousands Publishing Digital Marketing Solutions Corporate and other Intersegment Eliminations Consolidated Advertising and marketing services - external sales $ 595,923 $ 211,413 $ 1,131 $ — $ 808,467 Advertising and marketing services - intersegment sales 59,868 — — (59,868) — Circulation 635,694 — 2 — 635,696 Other 132,645 905 3,646 — 137,196 Total operating revenues $ 1,424,130 $ 212,318 $ 4,779 $ (59,868) $ 1,581,359 Adjusted EBITDA (non-GAAP basis) $ 216,397 $ 21,701 $ (21,864) $ — $ 216,234 Six months ended June 30, 2020 In thousands Publishing Digital Marketing Solutions Corporate and other Intersegment Eliminations Consolidated Advertising and marketing services - external sales $ 636,277 $ 206,092 $ 1,560 $ — $ 843,929 Advertising and marketing services - intersegment sales 59,611 — — (59,611) — Circulation 717,365 — 4 — 717,369 Other 140,790 9,752 3,843 — 154,385 Total operating revenues $ 1,554,043 $ 215,844 $ 5,407 $ (59,611) $ 1,715,683 Adjusted EBITDA (non-GAAP basis) $ 203,014 $ 10,668 $ (36,598) $ — $ 177,084 The table below shows the reconciliation of Net income (loss) attributable to Gannett to Adjusted EBITDA and Net income (loss) attributable to Gannett margin to Adjusted EBITDA margin: Three months ended June 30, Six months ended June 30, In thousands 2021 2020 2021 2020 Net income (loss) attributable to Gannett $ 15,115 $ (436,893) $ (127,201) $ (517,045) Provision (benefit) for income taxes 17,692 (34,276) 8,583 (25,297) Interest expense 35,264 57,928 74,767 115,827 Loss on early extinguishment of debt 2,834 369 22,235 1,174 Non-operating pension income (23,906) (17,553) (47,784) (36,099) Loss on Convertible notes derivative — — 126,600 — Other non-operating income, net (1,148) (6,261) (3,023) (4,616) Depreciation and amortization 48,242 66,327 106,345 144,352 Integration and reorganization costs 8,444 32,306 21,848 60,560 Other operating expenses 774 2,379 11,350 8,348 Asset impairments — 6,859 833 6,859 Goodwill and intangible impairments — 393,446 — 393,446 Net loss on sale or disposal of assets 5,294 88 10,039 745 Share-based compensation expense 5,779 7,391 9,202 18,968 Other items 1,385 5,908 2,440 9,862 Adjusted EBITDA (non-GAAP basis) $ 115,769 $ 78,018 $ 216,234 $ 177,084 Net income (loss) attributable to Gannett margin 1.9 % (57.0) % (8.0) % (30.1) % Adjusted EBITDA margin (non-GAAP basis) 14.4 % 10.2 % 13.7 % 10.3 % The table below shows the reconciliation of Net income (loss) attributable to Gannett to Adjusted Net income (loss) attributable to Gannett: Three months ended June 30, Six months ended June 30, In thousands 2021 2020 2021 2020 Net income (loss) attributable to Gannett $ 15,115 $ (436,893) $ (127,201) $ (517,045) Loss on early extinguishment of debt 2,834 369 22,235 1,174 Loss on Convertible notes derivative — — 126,600 — Integration and reorganization costs 8,444 32,306 21,848 60,560 Other operating expenses 774 2,379 11,350 8,348 Asset impairments — 6,859 833 6,859 Goodwill and intangible impairments — 393,446 — 393,446 Net loss on sale or disposal of assets 5,294 88 10,039 745 Subtotal 32,461 (1,446) 65,704 (45,913) Tax impact of above items (2,403) (3,734) (21,009) (35,915) Adjusted Net income (loss) attributable to $ 30,058 $ (5,180) $ 44,695 $ (81,828)

Other supplemental information

Other supplemental information (Tables)	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of cash and cash equivalents	The following table presents a reconciliation of cash, cash equivalents and restricted cash: June 30, In thousands 2021 2020 Cash and cash equivalents $ 158,563 $ 158,603 Restricted cash included in other current assets 4,879 9,298 Restricted cash included in investments and other assets 22,702 21,266 Total cash, cash equivalents and restricted cash $ 186,144 $ 189,167
Summary of restrictions on cash and cash equivalents	The following table presents a reconciliation of cash, cash equivalents and restricted cash: June 30, In thousands 2021 2020 Cash and cash equivalents $ 158,563 $ 158,603 Restricted cash included in other current assets 4,879 9,298 Restricted cash included in investments and other assets 22,702 21,266 Total cash, cash equivalents and restricted cash $ 186,144 $ 189,167
Schedule of cash flow, supplemental disclosures	The following table presents supplemental cash flow information, including non-cash investing and financing activities: Six months ended June 30, In thousands 2021 2020 Net cash refund for taxes $ (8,703) $ (1,720) Cash paid for interest 49,902 125,311 Non-cash investing and financing activities: Accrued capital expenditures $ 924 $ 718
Schedule of accounts payable and accrued liabilities	A breakout of Accounts payable and accrued liabilities is presented below: In thousands June 30, 2021 December 31, 2020 Accounts payable $ 143,827 $ 131,797 Compensation 88,123 115,061 Taxes (primarily property and sales taxes) 27,809 30,834 Benefits 22,392 22,821 Interest 13,564 3,676 Other 56,204 74,057 Accounts payable and accrued liabilities $ 351,919 $ 378,246

Description of Business and b_3

Description of Business and basis of presentation - Narrative (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)statesegmentbrand	Dec. 31, 2020USD ($)
Significant Accounting Policies
Number of states in which entity operates (states) | state	46
Number of operating segments (segments) | segment	2
Other Liabilities, Noncurrent	$ 157,708	$ 151,847
Paycheck Protection Program
Significant Accounting Policies
Other Liabilities, Noncurrent	16,400
Paycheck Protection Program | Line of Credit
Significant Accounting Policies
Proceeds from short term debt	$ 16,400
U.K.
Significant Accounting Policies
Number of media brands, more than (brands) | brand	120

Revenues - Disaggregation of Re

Revenues - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disaggregation of Revenue
Total revenues	$ 804,275	$ 767,000	$ 1,581,359	$ 1,715,683
Total advertising and marketing services
Disaggregation of Revenue
Total revenues	420,110	356,918	808,467	843,929
Print advertising
Disaggregation of Revenue
Total revenues	200,925	188,158	394,121	456,000
Digital advertising and marketing services
Disaggregation of Revenue
Total revenues	219,185	168,760	414,346	387,929
Circulation
Disaggregation of Revenue
Total revenues	310,259	342,646	635,696	717,369
Other
Disaggregation of Revenue
Total revenues	$ 73,906	$ 67,436	$ 137,196	$ 154,385

Revenues - Narrative (Details)

Revenues - Narrative (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
International | Revenue Benchmark | Geographic Concentration Risk
Revenue, Initial Application Period Cumulative Effect Transition
Revenue, percentage	8.00%	6.00%	8.00%	7.00%

Revenues - Performance Obligati

Revenues - Performance Obligations (Details) - Customer Subscription	Jun. 30, 2021
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-07-01 | Minimum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
Expected timing of satisfaction	1 month
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01 | Maximum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
Expected timing of satisfaction	12 months

Revenues - Deferred Revenue (De

Revenues - Deferred Revenue (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Movement in Deferred Revenue
Beginning balance	$ 186,007	$ 218,823
Cash receipts	644,429	736,224
Revenue recognized	(645,817)	(741,059)
Ending balance	184,619	213,988
Advertising, Marketing Services, and Other
Movement in Deferred Revenue
Beginning balance	51,686	67,543
Cash receipts	132,167	141,146
Revenue recognized	(130,545)	(144,172)
Ending balance	53,308	64,517
Circulation
Movement in Deferred Revenue
Beginning balance	134,321	151,280
Cash receipts	512,262	595,078
Revenue recognized	(515,272)	(596,887)
Ending balance	$ 131,311	$ 149,471

Leases - Narratives (Details)

Leases - Narratives (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Lessee, Lease
Operating lease assets	$ 278,389	$ 289,504
Short-term operating lease liabilities	$ 43,300
Operating Lease, Liability, Current, Statement of Financial Position	Other current liabilities	Other current liabilities
Long-term operating lease liabilities	$ 262,390	$ 274,460
Minimum
Lessee, Lease
Remaining lease term with option to extend (in years)	1 year
Maximum
Lessee, Lease
Remaining lease term with option to extend (in years)	15 years

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Leases [Abstract]
Operating lease cost	$ 19,978	$ 21,872	$ 40,649	$ 41,505
Short-term lease cost	423	1,345	565	4,487
Variable lease costs	2,637	2,565	5,721	6,816
Net lease cost	23,038	25,782	46,935	52,808
Sublease income	$ 1,800	$ 900	$ 3,000	$ 2,000

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)
Lessee, Operating Lease, Liability, Payment, Due
2021 (excluding the six months ended June 30, 2021)	$ 34,897
2022	79,073
2023	66,118
2024	58,535
2025	49,499
Thereafter	206,312
Total future minimum lease payments	494,434
Less: Imputed interest	(188,726)
Total	305,708
Lease payments for leases signed but not yet commenced	$ 13,800

Leases - Other Information (Det

Leases - Other Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Supplemental Cash Flow Information
Cash paid for amounts included in the measurement of operating lease liabilities	$ 43,076	$ 38,989
Right-of-use assets obtained in exchange for operating lease obligations	15,289	14,610
Loss on sale and leaseback transactions, net	$ 2,014	$ 0
Weighted-average remaining lease term (in years)	7 years 6 months	7 years 10 months 24 days
Weighted-average discount rate	12.82%	12.78%

Accounts receivable, net - Narr

Accounts receivable, net - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Receivables [Abstract]
Accounts receivable, reserve percentage calculation period			3 years
Threshold period for reserves			90 days
Bad debt expense	$ 2,900	$ 12,200	$ 681	$ 17,345

Accounts receivable, net - Allo

Accounts receivable, net - Allowance for doubtful accounts (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Accounts Receivable, Allowance for Credit Loss
Beginning balance			$ 20,843	$ 19,923
Current period provision	$ 2,900	$ 12,200	681	17,345
Write-offs charged against the allowance			(5,943)	(12,019)
Recoveries of amounts previously written-off			2,296	1,467
Foreign currency			78	(156)
Ending balance	$ 17,955	$ 26,560	$ 17,955	$ 26,560

Goodwill and intangible asset_2

Goodwill and intangible assets - Schedule of Intangible Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets
Gross carrying amount	$ 885,628	$ 887,645
Accumulated amortization	286,099	234,403
Net carrying amount	599,529	653,242
Intangible Assets
Total intangible assets	770,811	824,650
Goodwill	534,218	534,088
Mastheads
Intangible Assets
Non-amortized intangible assets	171,282	171,408
Advertiser relationships
Finite-Lived Intangible Assets
Gross carrying amount	458,584	460,331
Accumulated amortization	134,297	112,468
Net carrying amount	324,287	347,863
Other customer relationships
Finite-Lived Intangible Assets
Gross carrying amount	102,914	102,925
Accumulated amortization	29,587	23,682
Net carrying amount	73,327	79,243
Subscriber relationships
Finite-Lived Intangible Assets
Gross carrying amount	255,443	255,702
Accumulated amortization	85,825	71,271
Net carrying amount	169,618	184,431
Other intangible assets
Finite-Lived Intangible Assets
Gross carrying amount	68,687	68,687
Accumulated amortization	36,390	26,982
Net carrying amount	$ 32,297	$ 41,705

Goodwill and other intangible a

Goodwill and other intangible assets - Narrative (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2020	Jun. 30, 2021
Domestic Publishing
Intangible Assets
Goodwill impairment	$ 256,500
Impairment of I intangible assets excluding goodwill	4,000
Newspaper Reporting Unit
Intangible Assets
Goodwill impairment	65,400
Impairment of I intangible assets excluding goodwill	4,000
Digital Marketing Solutions
Intangible Assets
Goodwill impairment	40,500
Advertiser and other customer relationships
Intangible Assets
Impairment of I intangible assets excluding goodwill	$ 23,000
Minimum | Measurement Input, Long-term Revenue Growth Rate
Intangible Assets
Intangible assets measurement inputs (percent)		(0.50%)
Minimum | Measurement Input, Discount Rate
Intangible Assets
Intangible assets measurement inputs (percent)		11.00%
Maximum | Measurement Input, Long-term Revenue Growth Rate
Intangible Assets
Intangible assets measurement inputs (percent)		3.00%
Maximum | Measurement Input, Discount Rate
Intangible Assets
Intangible assets measurement inputs (percent)		15.00%

Integration and reorganizatio_3

Integration and reorganization costs and asset impairments - Severance Related Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Restructuring Cost and Reserve
Severance related expenses	$ 8,444	$ 32,306	$ 21,848	$ 60,560
Severance
Restructuring Cost and Reserve
Severance related expenses	1,129	25,742	8,226	47,521
Operating Segments | Publishing | Severance
Restructuring Cost and Reserve
Severance related expenses	1,405	19,142	8,184	31,418
Operating Segments | Digital Marketing Solutions | Severance
Restructuring Cost and Reserve
Severance related expenses	(24)	2,753	(81)	4,137
Corporate and other | Severance
Restructuring Cost and Reserve
Severance related expenses	$ (252)	$ 3,847	$ 123	$ 11,966

Integration and reorganizatio_4

Integration and reorganization costs and asset impairments - Restructuring Reserve (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Restructuring Reserve
Restructuring provision included in integration and reorganization costs	$ 8,444	$ 32,306	$ 21,848	$ 60,560
Severance
Restructuring Reserve
Beginning balance			30,943
Restructuring provision included in integration and reorganization costs	1,129	$ 25,742	8,226	$ 47,521
Cash payments			(25,527)
Ending balance	$ 13,642		$ 13,642

Integration and reorganizatio_5

Integration and reorganization costs and asset impairments - Facility Consolidation Charges and Accelerated Depreciation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Restructuring Cost and Reserve
Restructuring provision included in integration and reorganization costs	$ 8,444	$ 32,306	$ 21,848	$ 60,560
Facility Closing
Restructuring Cost and Reserve
Restructuring provision included in integration and reorganization costs	7,315	6,564	13,622	13,039
Operating Segments | Publishing | Facility Closing
Restructuring Cost and Reserve
Restructuring provision included in integration and reorganization costs	(1,602)	1,477	(1,055)	2,509
Operating Segments | Digital Marketing Solutions | Facility Closing
Restructuring Cost and Reserve
Restructuring provision included in integration and reorganization costs	228	209	451	214
Corporate and other | Facility Closing
Restructuring Cost and Reserve
Restructuring provision included in integration and reorganization costs	$ 8,689	$ 4,878	$ 14,226	$ 10,316

Integration and reorganizatio_6

Integration and reorganization costs and asset impairments - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Restructuring Cost and Reserve
Asset impairments	$ 0	$ 6,859	$ 833	$ 6,859
Publishing
Restructuring Cost and Reserve
Accelerated depreciation	$ 1,100	$ 11,000	$ 10,300	$ 35,800

Debt - Senior Secured 5-Year Te

Debt - Senior Secured 5-Year Term Loan (Details) - USD ($)	Feb. 09, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Line of Credit Facility
Long-term debt		$ 823,009,000			$ 823,009,000		$ 890,323,000
Loss on early extinguishment of debt		2,834,000		$ 369,000	22,235,000	$ 1,174,000
Cash paid for interest					49,902,000	125,311,000
Repayments under term loans					1,129,605,000	18,985,000
Senior Secured Term Loan
Line of Credit Facility
Loss on early extinguishment of debt					22,200,000
Senior Secured Term Loan | Maximum
Line of Credit Facility
Unrestricted cash requirement	$ 100,000,000
Senior Secured Term Loan | Minimum
Line of Credit Facility
Unrestricted cash requirement	$ 30,000,000
Five Year Term Loan
Line of Credit Facility
Interest expense		$ 20,100,000			$ 31,300,000
Five Year Term Loan | Senior Secured Term Loan
Line of Credit Facility
Debt instrument term (in years)	5 years	5 years		5 years	5 years
Long-term debt	$ 1,045,000,000	$ 990,500,000			$ 990,500,000
Deferred financing fees		700,000			10,900,000
Issuance costs		13,200,000			13,200,000
Loss on early extinguishment of debt		2,800,000
Fee amount	13,000,000
Unamortized discount	$ 20,900,000	47,700,000			$ 47,700,000
Annualized amortization rate (percent)	10.00%
Annualized amortization rate EBITDA threshold (percent)	5.00%
Interest rate (as a percent)					9.50%
Cash paid for interest					$ 20,200,000
Amortization of deferred financing costs		1,000,000			1,500,000
Amortization of original issue cost		3,400,000			5,300,000
Repayments under term loans		$ 45,800,000			54,500,000
Five Year Term Loan | Senior Secured Term Loan | LIBOR
Line of Credit Facility
Variable rate (percent)	7.00%
Five Year Term Loan | Senior Secured Term Loan | Base Rate
Line of Credit Facility
Variable rate (percent)	6.00%
Acquisition Term Loan
Line of Credit Facility
Interest expense					13,400,000
Acquisition Term Loan | Senior Secured Term Loan
Line of Credit Facility
Principal outstanding	$ 1,043,000,000
Accrued interest	$ 13,300,000
Stated interest rate (as a percent)	11.50%
Deferred financing fees	$ 1,500,000
Issuance costs	$ 34,700,000
Loss on early extinguishment of debt			$ 17,200,000
Cash paid for interest					13,400,000
Write off of discount and deferred debt issuance expense					$ 2,200,000
Amortization of deferred financing costs				$ 300,000		500,000
Amortization of original issue cost				$ 5,600,000		$ 11,300,000

Debt - Senior Secured Convertib

Debt - Senior Secured Convertible Notes due 2027 (Details) $ / shares in Units, $ in Thousands	Nov. 17, 2020USD ($)$ / shares	Jun. 30, 2021USD ($)$ / shares	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)$ / shares	Jun. 30, 2020USD ($)	Feb. 26, 2021USD ($)	Feb. 09, 2021USD ($)	Dec. 31, 2020USD ($)$ / shares
Line of Credit Facility
Long-term debt		$ 823,009		$ 823,009				$ 890,323
Common stock, par value (in dollars per share) | $ / shares	$ 0.01	$ 0.01		$ 0.01				$ 0.01
Equity component of the 2027 Notes		$ (32,534)		$ 283,718
Loss from derivative liability of convertible debt		0	$ 0	126,600	$ 0
Interest expense		35,264	$ 57,928	74,767	$ 115,827
Additional Paid-in Capital
Line of Credit Facility
Equity component of the 2027 Notes		(32,534)		283,718
Measurement Input, Discount Rate
Line of Credit Facility
Debt instrument, measurement input (percent)						0.122		0.093
2027 Notes | Convertible debt
Line of Credit Facility
Long-term debt	$ 497,100
Debt term (in years)	7 years
Conversion price (in usd per share) | $ / shares	$ 5
Percentage of notes initially convertible to common stock	42.00%
Fair value of embedded derivative liability	$ 115,300					$ 316,200		$ 189,600
Debt fair value	389,100
Loss from derivative liability of convertible debt				126,600
Issuance costs	$ 2,300
Unamortized discount		103,400		103,400				$ 108,700
Interest expense		7,400		14,900
Amortization of the discount		$ 2,800		$ 5,100
Effective interest rate (as a percent)		10.50%		10.50%
Debt instrument, share conversion rate (per $1,000)	20.00%
2027 Notes | Convertible debt | Measurement Input, Discount Rate
Line of Credit Facility
Debt instrument, measurement input (percent)	0.107
2027 Notes | Convertible debt | Period 1
Line of Credit Facility
Redemption rate	110.00%
Maximum repurchase amount	$ 100,000
Total gross leverage ratio	1.5
2027 Notes | Convertible debt | Period 2
Line of Credit Facility
Redemption rate	130.00%
Maximum repurchase amount	$ 99,400
Redemption term	4 years
Five Year Term Loan | Senior Secured Term Loan
Line of Credit Facility
Long-term debt		$ 990,500		$ 990,500			$ 1,045,000
Debt term (in years)	5 years
Issuance costs		13,200		13,200
Unamortized discount		$ 47,700		$ 47,700			$ 20,900

Debt - Fair Value Assumptions (

Debt - Fair Value Assumptions (Details)	Feb. 26, 2021$ / shares	Dec. 31, 2020$ / shares
Line of Credit Facility
Stock price (usd per share)	$ 4.95	$ 3.36
Measurement Input, Annual Volatility
Line of Credit Facility
Debt instrument, measurement input (percent)	0.700	0.700
Measurement Input, Discount Rate
Line of Credit Facility
Debt instrument, measurement input (percent)	0.122	0.093

Debt - Liability Component (Det

Debt - Liability Component (Details) - 2027 Notes - Convertible debt - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Line of Credit Facility
Net carrying value of liability component	$ 393,700,000	$ 388,400,000
Unamortized discount of liability component	$ 103,400,000	$ 108,700,000

Debt - Senior Convertible Notes

Debt - Senior Convertible Notes due 2024 (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Line of Credit Facility
Long-term debt	$ 823,009	$ 890,323
Convertible senior notes | Convertible debt
Line of Credit Facility
Long-term debt	$ 3,300
Stated interest rate (as a percent)	4.75%
Effective interest rate (as a percent)	6.05%

Pensions and other postretire_3

Pensions and other postretirement benefit plans - Retirement Plan Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Company's pension costs
Total non-operating (benefit) expenses	$ (23,906)	$ (17,553)	$ (47,784)	$ (36,099)
Pension Benefits
Company's pension costs
Service cost - benefits earned during the period	469	704	980	1,385
Interest cost on benefit obligation	17,106	20,416	34,137	41,133
Expected return on plan assets	(41,408)	(38,551)	(82,838)	(78,367)
Amortization of actuarial loss (gain)	42	(27)	77	(54)
Total non-operating (benefit) expenses	(24,260)	(18,162)	(48,624)	(37,288)
Total expense (benefit) for retirement plans	(23,791)	(17,458)	(47,644)	(35,903)
Postretirement Benefits
Company's pension costs
Service cost - benefits earned during the period	13	19	44	52
Interest cost on benefit obligation	401	593	902	1,160
Expected return on plan assets	0	0	0	0
Amortization of actuarial loss (gain)	(47)	16	(62)	29
Total non-operating (benefit) expenses	354	609	840	1,189
Total expense (benefit) for retirement plans	$ 367	$ 628	$ 884	$ 1,241

Pensions and other postretire_4

Pensions and other postretirement benefit plans - Narrative (Details) - USD ($) $ in Millions	6 Months Ended	21 Months Ended
	Jun. 30, 2021	Sep. 30, 2022
Defined Benefit Plan Disclosure
Employee retirement contributions deferred	$ 11
Pension Plan
Defined Benefit Plan Disclosure
Contribution to the defined benefit plans	27.8
Pension Plan | U.S. | Forecasted | Subsequent Event
Defined Benefit Plan Disclosure
Deferred contributions by employer in response to COVID-19		$ 5
Other Postretirement Benefits Plan
Defined Benefit Plan Disclosure
Contribution to the defined benefit plans	$ 3.5

Income taxes - Pre-tax Net Loss

Income taxes - Pre-tax Net Loss and Income Tax (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income (loss) before income taxes	$ 32,401	$ (472,107)	$ (119,409)	$ (543,734)
Provision (benefit) for income taxes	$ 17,692	$ (34,276)	$ 8,583	$ (25,297)
Effective tax rate (percent)	54.60%	7.30%	(7.20%)	4.70%

Income taxes - Narrative (Detai

Income taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Operating Loss Carryforwards
Estimated annual interest rate (percent)		6.80%
Unrecognized tax benefits that would impact effective tax rate	$ 42.9		$ 39.5
Unrecognized tax benefits, accrued interest and penalties	3		$ 2.6
Scenario, Adjustment
Operating Loss Carryforwards
Adjustments to deferred tax asset	$ (32.5)
UK
Operating Loss Carryforwards
Estimated annual interest rate (percent)	49.60%
Minimum | UK
Operating Loss Carryforwards
Non-deductible interest expense carryforwards	19.00%
Maximum | UK
Operating Loss Carryforwards
Non-deductible interest expense carryforwards	25.00%

Supplemental equity informati_3

Supplemental equity information - Income (Loss) Per Share (Basic and Diluted) (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Equity [Abstract]
Net income (loss) attributable to Gannett	$ 15,115	$ (436,893)	$ (127,201)	$ (517,045)
Interest adjustment to Net income (loss) attributable to Gannett related to assumed conversions of the 2027 Notes, net of taxes	7,470	0	0	0
Net income (loss) attributable to Gannett for diluted earnings per share	$ 22,585	$ (436,893)	$ (127,201)	$ (517,045)
Basic weighted average shares outstanding (in shares)	134,744	131,471	134,411	130,999
Effect of dilutive securities:
Restricted stock grants (in shares)	3,350	0	0	0
2027 Notes and restricted stock grants (in shares)	99,419	0	0	0
Diluted weighted average shares outstanding (in shares)	237,513	131,471	134,411	130,999
Income (loss) per share attributable to Gannett – basic (in dollars per share)	$ 0.11	$ (3.32)	$ (0.95)	$ (3.95)
Income (loss) per share attributable to Gannett– diluted (in dollars per share)	$ 0.10	$ (3.32)	$ (0.95)	$ (3.95)

Supplemental equity informati_4

Supplemental equity information - Computation of Diluted Income Per Share (Detail) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Warrants
Share-based Compensation Arrangement by Share-based Payment Award
Computation of diluted income per share (in shares)	845	1,362	845	1,362
Stock options
Share-based Compensation Arrangement by Share-based Payment Award
Computation of diluted income per share (in shares)	6,068	6,068	6,068	6,068
Restricted stock grants
Share-based Compensation Arrangement by Share-based Payment Award
Computation of diluted income per share (in shares)	46	8,510	10,577	8,510
2027 Notes
Share-based Compensation Arrangement by Share-based Payment Award
Computation of diluted income per share (in shares)	0	0	99,419	0

Supplemental equity informati_5

Supplemental equity information - Narrative (Detail) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)shares	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)shares$ / shares	Jun. 30, 2020USD ($)
Stockholders Equity Note
Share-based compensation cost | $	$ 5.8	$ 7.4	$ 9.2	$ 19
Unrecognized compensation cost related to non-vested share-based compensation | $	$ 34.8		$ 34.8
Weighted average period (in years)			2 years 3 months 18 days
2027 Notes | Convertible debt
Stockholders Equity Note
Aggregate shares receivable upon conversion (shares)			294.2
Convertible shares excluded from computation of earnings per share (shares)	194.8		194.8
Restricted Stock Awards
Stockholders Equity Note
Granted (in shares)			4.1
Vesting period (years)			3 years
Granted (in dollars per share) | $ / shares			$ 5.28

Supplemental equity informati_6

Supplemental equity information - Rights Agreement (Details) - USD ($) $ in Millions	Dec. 31, 2020	Apr. 06, 2020
Share-based Compensation Arrangement by Share-based Payment Award
Operating loss carryforwards	$ 543.5
Rights agreement, dividend declared (in shares)		1
Rights agreement, percent of common stock owned required for exercise		4.99%
Rights agreement, additional percent of common stock owned required for exercise		0.50%
Exercise percent discount		50.00%
Common stock
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares that may be exchanged per right (in shares)		1

Supplemental equity informati_7

Supplemental equity information - Preferred Stock (Details) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Preferred stock authorized (in shares)	300,000	300,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, issued (in shares)	0	0
Series A Junior Participating Preferred Stock
Class of Stock [Line Items]
Preferred stock authorized (in shares)	150,000	150,000

Supplemental equity informati_8

Supplemental equity information - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning balance	$ 364,109	$ 981,356
Other comprehensive income (loss) before reclassifications	3,829	(21,546)
Amounts reclassified from accumulated other comprehensive loss	11	(18)
Net current period other comprehensive income (loss), net of taxes	3,840	(21,564)
Ending balance	530,077	452,085
Amounts reclassified from accumulated other comprehensive loss	4	(7)
Total
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning balance	50,173	8,202
Ending balance	54,013	(13,362)
Pension and Postretirement Plans
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning balance	40,441	936
Other comprehensive income (loss) before reclassifications	(958)	(4,961)
Amounts reclassified from accumulated other comprehensive loss	11	(18)
Net current period other comprehensive income (loss), net of taxes	(947)	(4,979)
Ending balance	39,494	(4,043)
Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning balance	9,732	7,266
Other comprehensive income (loss) before reclassifications	4,787	(16,585)
Amounts reclassified from accumulated other comprehensive loss	0	0
Net current period other comprehensive income (loss), net of taxes	4,787	(16,585)
Ending balance	$ 14,519	$ (9,319)

Fair value measurement - Narrat

Fair value measurement - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets held-for-sale	$ 13.1	$ 14.7

Segment reporting - Narrative (

Segment reporting - Narrative (Details)	6 Months Ended
	Jun. 30, 2021segment
Segment Reporting Information
Number of operating segments (segments)	2
Publishing
Segment Reporting Information
Number of operating segments (segments)	2

Segment reporting -Segment Info

Segment reporting -Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting Information
Total operating revenues	$ 804,275	$ 767,000	$ 1,581,359	$ 1,715,683
Adjusted EBITDA	115,769	78,018	216,234	177,084
Advertising and marketing services
Segment Reporting Information
Total operating revenues	420,110	356,918	808,467	843,929
Circulation
Segment Reporting Information
Total operating revenues	310,259	342,646	635,696	717,369
Other
Segment Reporting Information
Total operating revenues	73,906	67,436	137,196	154,385
Operating Segments | Publishing
Segment Reporting Information
Total operating revenues	724,545	695,893	1,424,130	1,554,043
Adjusted EBITDA	114,189	91,991	216,397	203,014
Operating Segments | Publishing | Advertising and marketing services
Segment Reporting Information
Total operating revenues	309,469	266,398	595,923	636,277
Operating Segments | Publishing | Circulation
Segment Reporting Information
Total operating revenues	310,258	342,645	635,694	717,365
Operating Segments | Publishing | Other
Segment Reporting Information
Total operating revenues	72,806	60,996	132,645	140,790
Operating Segments | Digital Marketing Solutions
Segment Reporting Information
Total operating revenues	110,037	94,563	212,318	215,844
Adjusted EBITDA	12,529	2,784	21,701	10,668
Operating Segments | Digital Marketing Solutions | Advertising and marketing services
Segment Reporting Information
Total operating revenues	110,037	89,809	211,413	206,092
Operating Segments | Digital Marketing Solutions | Circulation
Segment Reporting Information
Total operating revenues	0		0	0
Operating Segments | Digital Marketing Solutions | Other
Segment Reporting Information
Total operating revenues	0	4,754	905	9,752
Corporate and other
Segment Reporting Information
Total operating revenues	1,705	2,398	4,779	5,407
Adjusted EBITDA	(10,949)	(16,757)	(21,864)	(36,598)
Corporate and other | Advertising and marketing services
Segment Reporting Information
Total operating revenues	604	711	1,131	1,560
Corporate and other | Circulation
Segment Reporting Information
Total operating revenues	1	1	2	4
Corporate and other | Other
Segment Reporting Information
Total operating revenues	1,100	1,686	3,646	3,843
Intersegment Eliminations
Segment Reporting Information
Total operating revenues	(32,012)	(25,854)	(59,868)	(59,611)
Intersegment Eliminations | Advertising and marketing services
Segment Reporting Information
Total operating revenues	(32,012)	(25,854)	(59,868)	(59,611)
Intersegment Eliminations | Publishing | Advertising and marketing services
Segment Reporting Information
Total operating revenues	$ (32,012)	$ (25,854)	$ (59,868)	$ (59,611)

Segment reporting - Reconciliat

Segment reporting - Reconciliation of EBITDA to Operating Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting [Abstract]
Net income (loss) attributable to Gannett	$ 15,115	$ (436,893)	$ (127,201)	$ (517,045)
Provision (benefit) for income taxes	17,692	(34,276)	8,583	(25,297)
Interest expense	35,264	57,928	74,767	115,827
Loss on early extinguishment of debt	2,834	369	22,235	1,174
Non-operating pension income	(23,906)	(17,553)	(47,784)	(36,099)
Loss on Convertible notes derivative	0	0	126,600	0
Other non-operating income, net	(1,148)	(6,261)	(3,023)	(4,616)
Depreciation and amortization	48,242	66,327	106,345	144,352
Integration and reorganization costs	8,444	32,306	21,848	60,560
Other operating expenses	774	2,379	11,350	8,348
Asset impairments	0	6,859	833	6,859
Goodwill and intangible impairments	0	393,446	0	393,446
Net loss on sale or disposal of assets	5,294	88	10,039	745
Share-based compensation expense	5,779	7,391	9,202	18,968
Other items	1,385	5,908	2,440	9,862
Adjusted EBITDA (non-GAAP basis)	115,769	78,018	216,234	177,084
Subtotal	32,461	(1,446)	65,704	(45,913)
Tax impact of above items	2,403	3,734	21,009	35,915
Adjusted Net income (loss) attributable to Gannett (non-GAAP basis)	$ 30,058	$ (5,180)	$ 44,695	$ (81,828)
Net loss attributable to Gannett margin (percent)	1.90%	(57.00%)	(8.00%)	(30.10%)
Adjusted EBITDA margin (non-GAAP basis) (percent)	14.40%	10.20%	13.70%	10.30%

Other supplemental informatio_2

Other supplemental information - cash, cash equivalents and restricted cash (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 158,563	$ 170,725	$ 158,603
Restricted cash included in other current assets	4,879		9,298
Restricted cash included in investments and other assets	22,702		21,266
Total cash, cash equivalents and restricted cash	$ 186,144	$ 206,726	$ 189,167	$ 188,664

Other supplemental informatio_3

Other supplemental information - cash flow information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net cash refund for taxes	$ (8,703)	$ (1,720)
Cash paid for interest	49,902	125,311
Non-cash investing and financing activities:
Accrued capital expenditures	$ 924	$ 718

Other supplemental informatio_4

Other supplemental information - Accounts payable and accrued liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounts payable	$ 143,827	$ 131,797
Compensation	88,123	115,061
Taxes (primarily property and sales taxes)	27,809	30,834
Benefits	22,392	22,821
Interest	13,564	3,676
Other	56,204	74,057
Accounts payable and accrued liabilities	$ 351,919	$ 378,246