Gannett (GCI) 10-Q 3 Nov 22 2022 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2022	Oct. 31, 2022
Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
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	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock Shares Outstanding		146,092,325
Entity Central Index Key	0001579684
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
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 (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 124,867	$ 130,756
Accounts receivable, net of allowance for doubtful accounts of $12,056 and $16,470 as of September 30, 2022 and December 31, 2021, respectively	270,440	328,733
Inventories	37,853	37,662
Prepaid expenses and other current assets	70,088	80,110
Total current assets	503,248	577,261
Property, plant and equipment, net of accumulated depreciation of $348,363 and $336,500 as of September 30, 2022 and December 31, 2021, respectively	328,607	415,384
Operating lease assets	243,096	271,935
Goodwill	537,898	533,709
Intangible assets, net	638,337	713,153
Deferred tax assets	0	32,399
Pension and other assets	230,466	284,228
Total assets	2,481,652	2,828,069
Current liabilities:
Accounts payable and accrued liabilities	342,815	357,014
Deferred revenue	161,585	184,838
Current portion of long-term debt	91,117	69,456
Other current liabilities	53,142	51,218
Total current liabilities	648,659	662,526
Long-term debt	708,970	769,446
Convertible debt	402,469	393,354
Deferred tax liabilities	7,161	28,812
Pension and other postretirement benefit obligations	65,911	71,937
Long-term operating lease liabilities	228,412	254,969
Other long-term liabilities	106,935	117,410
Total noncurrent liabilities	1,519,858	1,635,928
Total liabilities	2,168,517	2,298,454
Commitments and contingent liabilities (See Note 11)
Equity
Preferred stock, $0.01 par value per share, 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 September 30, 2022 and December 31, 2021	0	0
Common stock, $0.01 par value per share, 2,000,000,000 shares authorized, 152,710,398 shares issued and 146,218,045 shares outstanding at September 30, 2022; 144,667,389 shares issued and 142,299,399 shares outstanding at December 31, 2021	1,527	1,446
Treasury stock, at cost, 6,492,353 shares and 2,367,990 shares at September 30, 2022 and December 31, 2021, respectively	(14,706)	(8,151)
Additional paid-in capital	1,406,556	1,400,206
Accumulated deficit	(1,032,168)	(921,399)
Accumulated other comprehensive (loss) income	(47,803)	59,998
Total Gannett stockholders equity	313,406	532,100
Noncontrolling interests	(271)	(2,485)
Total equity	313,135	529,615
Total liabilities and equity	$ 2,481,652	$ 2,828,069

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Trade receivables, allowance for doubtful receivables	$ 12,056	$ 16,470
Property plant and equipment, accumulated depreciation	$ 348,363	$ 336,500
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)	152,710,398	144,667,389
Common stock, outstanding (in shares)	146,218,045	142,299,399
Treasury stock (in shares)	6,492,353	2,367,990
Series A Junior Participating Preferred Stock
Preferred stock authorized (in shares)	150,000	150,000
Preferred stock, outstanding (in shares)	0

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)		3 Months Ended				9 Months Ended
		Sep. 30, 2022		Sep. 30, 2021		Sep. 30, 2022		Sep. 30, 2021
Total operating revenues		$ 717,902,000		$ 800,185,000		$ 2,214,639,000		$ 2,381,544,000
Operating costs		459,343,000		480,289,000		1,405,230,000		1,431,259,000
Selling, general and administrative expenses		212,473,000		225,596,000		662,146,000		652,184,000
Depreciation and amortization		44,778,000		48,107,000		142,091,000		154,452,000
Integration and reorganization costs		33,311,000		13,619,000		60,454,000		35,467,000
Asset impairments		71,000		2,301,000		1,010,000		3,134,000
(Gain) loss on sale or disposal of assets, net		(7,180,000)		(833,000)		(9,612,000)		9,206,000
Other operating expenses		249,000		4,000		1,665,000		11,354,000
Total operating expenses		743,045,000		769,083,000		2,262,984,000		2,297,056,000
Operating income (loss)		(25,143,000)		31,102,000		(48,345,000)		84,488,000
Interest expense		27,750,000		34,603,000		79,840,000		109,370,000
(Gain) loss on early extinguishment of debt		(1,228,000)		3,761,000		2,264,000		25,996,000
Non-operating pension income		(14,990,000)		(23,860,000)		(51,363,000)		(71,644,000)
Loss on convertible notes derivative		0		0		0		126,600,000
Other non-operating income, net		(651,000)		(931,000)		(811,000)		(3,954,000)
Non-operating expenses		10,881,000		13,573,000		29,930,000		186,368,000
Income (loss) before income taxes		(36,024,000)		17,529,000		(78,275,000)		(101,880,000)
Provision for income taxes		18,098,000		2,984,000		32,649,000		11,567,000
Net income (loss)		(54,122,000)		14,545,000		(110,924,000)		(113,447,000)
Net loss attributable to noncontrolling interests	[1]	(8,000)		(142,000)		(155,000)		(933,000)
Net income (loss) attributable to Gannett		$ (54,114,000)		$ 14,687,000		$ (110,769,000)		$ (112,514,000)
Income (loss) per share attributable to Gannett - basic (in dollars per share)		$ (0.39)		$ 0.11		$ (0.81)		$ (0.84)
Income (loss) per share attributable to Gannett - diluted (in dollars per share)		$ (0.39)		$ 0.09		$ (0.81)		$ (0.84)
Other comprehensive loss:
Foreign currency translation adjustments		$ (21,721,000)		$ (5,487,000)		$ (44,925,000)		$ (700,000)
Pension and other postretirement benefit items:
Net actuarial loss		(99,904,000)		0		(88,914,000)		(300,000)
Amortization of net actuarial (gain) loss		(125,000)		25,000		(374,000)		40,000
Other		1,153,000		1,051,000		3,158,000		205,000
Total pension and other postretirement benefit items		(98,876,000)		1,076,000		(86,130,000)		(55,000)
Other comprehensive loss before tax		(120,597,000)		(4,411,000)		(131,055,000)		(755,000)
Income tax expense (benefit) related to components of other comprehensive income (loss)		(26,047,000)		7,000		(23,254,000)		(177,000)
Other comprehensive loss, net of tax		(94,550,000)	[2]	(4,418,000)	[2]	(107,801,000)	[3]	(578,000)	[3]
Comprehensive income (loss)		(148,672,000)		10,127,000		(218,725,000)		(114,025,000)
Comprehensive loss attributable to noncontrolling interests	[1]	(8,000)		(142,000)		(155,000)		(933,000)
Comprehensive income (loss) attributable to Gannett		(148,664,000)		10,269,000		(218,570,000)		(113,092,000)
Advertising and marketing services
Total operating revenues		361,847,000		412,020,000		1,120,570,000		1,220,487,000
Circulation
Total operating revenues		264,732,000		306,702,000		827,958,000		942,398,000
Other
Total operating revenues		$ 91,323,000		$ 81,463,000		$ 266,111,000		$ 218,659,000
[1])     For the three and nine months ended September 30, 2022, there were no redeemable noncontrolling interests included in Net loss attributable to noncontrolling interests. For the three and nine months ended September 30, 2021, Net loss attributable to noncontrolling interests included $0.1 million and $0.9 million, respectively, relating to redeemable noncontrolling interests.[2]For the three months ended September 30, 2022 and 2021, Other comprehensive loss is net of income tax benefit of $26.0 million and income tax provision of $7.0 thousand, respectively.[3]For the nine months ended September 30, 2022 and 2021, Other comprehensive loss is net of income tax benefit of $23.3 million and $0.2 million, respectively.

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Net loss attributable to noncontrolling interests	$ 0	$ 0.1	$ 0	$ 0.9

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Operating activities
Net loss	$ (110,924)	$ (113,447)
Adjustments to reconcile net loss to operating cash flows:
Depreciation and amortization	142,091	154,452
Share-based compensation expense	13,277	13,804
Non-cash interest expense	15,954	18,719
(Gain) loss on sale or disposal of assets, net	(9,612)	9,206
Loss on convertible notes derivative	0	126,600
Loss on early extinguishment of debt	2,264	25,996
Asset impairments	1,010	3,134
Pension and other postretirement benefit obligations	(71,640)	(114,663)
Change in other assets and liabilities, net	50,562	9,546
Cash provided by operating activities	32,982	133,347
Investing activities
Acquisitions, net of cash acquired	(15,432)	0
Purchase of property, plant and equipment	(35,943)	(27,265)
Proceeds from sale of real estate and other assets	71,004	67,434
Change in other investing activities	(548)	(933)
Cash provided by investing activities	19,081	39,236
Financing activities
Payments of deferred financing costs	(957)	(33,921)
Borrowings under term loans	80,000	1,045,000
Repayments under term loans	(92,212)	(1,220,751)
Repayments of long-term debt	(35,355)	0
Acquisition of noncontrolling interests	(2,050)	0
Treasury stock	(6,529)	(2,034)
Changes in other financing activities	(941)	(578)
Cash used for financing activities	(58,044)	(212,284)
Effect of currency exchange rate change on cash	(1,447)	389
Decrease in cash, cash equivalents and restricted cash	(7,428)	(39,312)
Cash, cash equivalents and restricted cash at beginning of period	143,619	206,726
Cash, cash equivalents and restricted cash at end of period	$ 136,191	$ 167,414

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($) $ in Thousands		Total	Common stock	Additional paid-in capital	Accumulated other comprehensive income (loss)	Accumulated deficit	Treasury stock	Non-controlling interest
Beginning balance at Dec. 31, 2020		$ 364,109	$ 1,395	$ 1,103,881	$ 50,173	$ (786,437)	$ (4,903)	$ 0	[1]
Beginning balance (in shares) at Dec. 31, 2020			139,495,000
Beginning balance (in shares) at Dec. 31, 2020							1,392,000
Increase (Decrease) in Stockholders' Equity
Net income (loss) attributable to Gannett		(112,514)				(112,514)
Restricted stock awards settled, net of withholdings		(1,902)	$ 10	(1,912)
Restricted stock awards settled, net of withholdings (in shares)			1,065,000
Restricted share grants		0	$ 39	(39)
Restricted share grants (in shares)			3,883,000
Equity component - 2027 Notes		283,718		283,718
Other comprehensive loss, net	[2]	(578)			(578)
Share-based compensation expense		13,804		13,804
Issuance of common stock		101	$ 2	99
Issuance of common stock (in shares)			211,000
Remeasurement of redeemable noncontrolling interests		126		126
Treasury stock		(2,034)					$ (2,034)
Treasury stock (in shares)							512,000
Restricted share forfeiture		(3)					$ (3)
Restricted share forfeiture (in shares)							230,000
Other activity		16		16
Ending balance at Sep. 30, 2021		544,843	$ 1,446	1,399,693	49,595	(898,951)	$ (6,940)	0	[1]
Ending balance (in shares) at Sep. 30, 2021			144,654,000
Ending balance (in shares) at Sep. 30, 2021							2,134,000
Beginning balance at Jun. 30, 2021		530,077	$ 1,446	1,395,191	54,013	(913,638)	$ (6,935)	0	[1]
Beginning balance (in shares) at Jun. 30, 2021			144,639,000
Beginning balance (in shares) at Jun. 30, 2021							2,015,000
Increase (Decrease) in Stockholders' Equity
Net income (loss) attributable to Gannett		14,687				14,687
Restricted stock awards settled, net of withholdings		(6)		(6)
Restricted stock awards settled, net of withholdings (in shares)			3,000
Restricted share grants (in shares)			5,000
Other comprehensive loss, net	[3]	(4,418)			(4,418)
Share-based compensation expense		4,602		4,602
Issuance of common stock		38		38
Issuance of common stock (in shares)			7,000
Treasury stock		(4)					$ (4)
Treasury stock (in shares)							119,000
Restricted share forfeiture		(1)					$ (1)
Other activity		(132)		(132)
Ending balance at Sep. 30, 2021		544,843	$ 1,446	1,399,693	49,595	(898,951)	$ (6,940)	0	[1]
Ending balance (in shares) at Sep. 30, 2021			144,654,000
Ending balance (in shares) at Sep. 30, 2021							2,134,000
Beginning balance at Dec. 31, 2021		$ 529,615	$ 1,446	1,400,206	59,998	(921,399)	$ (8,151)	(2,485)	[1]
Beginning balance (in shares) at Dec. 31, 2021		142,299,399	144,667,000
Beginning balance (in shares) at Dec. 31, 2021		2,367,990					2,368,000
Increase (Decrease) in Stockholders' Equity
Net income (loss) attributable to Gannett		$ (110,924)				(110,769)		(155)
Acquisition of noncontrolling interests		(2,050)		(4,419)				2,369
Restricted stock awards settled, net of withholdings		(1,730)	$ 7	(1,737)
Restricted stock awards settled, net of withholdings (in shares)			615,000
Restricted share grants		0	$ 71	(71)
Restricted share grants (in shares)			7,127,000
Other comprehensive loss, net	[2]	(107,801)			(107,801)
Share-based compensation expense		13,277		13,277
Issuance of common stock		113	$ 3	110
Issuance of common stock (in shares)			301,000
Treasury stock		(6,529)					$ (6,529)
Treasury stock (in shares)							1,555,000
Restricted share forfeiture		(26)					$ (26)
Restricted share forfeiture (in shares)							2,569,000
Other activity		(810)		(810)
Ending balance at Sep. 30, 2022		$ 313,135	$ 1,527	1,406,556	(47,803)	(1,032,168)	$ (14,706)	(271)	[1]
Ending balance (in shares) at Sep. 30, 2022		146,218,045	152,710,000
Ending balance (in shares) at Sep. 30, 2022		6,492,353					6,492,000
Beginning balance at Jun. 30, 2022		$ 457,908	$ 1,526	1,402,652	46,747	(978,054)	$ (14,700)	(263)	[1]
Beginning balance (in shares) at Jun. 30, 2022			152,598,000
Beginning balance (in shares) at Jun. 30, 2022							5,810,000
Increase (Decrease) in Stockholders' Equity
Net income (loss) attributable to Gannett		(54,122)				(54,114)		(8)
Restricted stock awards settled, net of withholdings		(178)		(178)
Restricted share grants		0	$ 1	(1)
Restricted share grants (in shares)			96,000
Other comprehensive loss, net	[3]	(94,550)			(94,550)
Share-based compensation expense		4,499		4,499
Issuance of common stock		25		25
Issuance of common stock (in shares)			16,000
Restricted share forfeiture		(6)					$ (6)
Restricted share forfeiture (in shares)							682,000
Other activity		(441)		(441)
Ending balance at Sep. 30, 2022		$ 313,135	$ 1,527	$ 1,406,556	$ (47,803)	$ (1,032,168)	$ (14,706)	$ (271)	[1]
Ending balance (in shares) at Sep. 30, 2022		146,218,045	152,710,000
Ending balance (in shares) at Sep. 30, 2022		6,492,353					6,492,000
[1]Excludes Redeemable noncontrolling interests which are reflected in temporary equity.[2]For the nine months ended September 30, 2022 and 2021, Other comprehensive loss is net of income tax benefit of $23.3 million and $0.2 million, respectively.[3]For the three months ended September 30, 2022 and 2021, Other comprehensive loss is net of income tax benefit of $26.0 million and income tax provision of $7.0 thousand, respectively.

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) (Parenthetical) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Stockholders' Equity [Abstract]
Other comprehensive loss, tax (benefit) expense	$ (26,047,000)	$ 7,000	$ (23,254,000)	$ (177,000)

Description of business and bas

Description of business and basis of presentation	9 Months Ended
	Sep. 30, 2022
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. Gannett operates a scalable, data-driven media platform that aligns with consumer and digital marketing trends. 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. We expect the execution of this strategy to enable us to continue our evolution from a more traditional print media business to a digitally-focused content platform. On June 1, 2022, the Company announced a strategic organizational restructuring, which centralized the operations within each of its U.S. operating business units, Gannett Media and Digital Marketing Solutions ("DMS"). This change did not have any impact on segment reporting. However, the Company's historical Publishing segment will be referred to as Gannett Media moving forward. The Gannett Media reportable segment is an aggregation of two operating segments: Domestic Gannett Media (formerly referred to as Domestic Publishing) and Newsquest (formerly referred to as U.K. Publishing). Our current portfolio of media assets includes USA TODAY, local media organizations in 45 states in the U.S., and Newsquest, a wholly-owned subsidiary operating in the United Kingdom (the "U.K.") with more than 150 local news media brands. We also own digital marketing services companies branded LocaliQ, which provide a cloud-based platform of products to enable small and medium-sized businesses to accomplish their marketing goals. In addition, we run what we believe is the largest media-owned events business in the U.S., USA TODAY NETWORK Ventures. Through USA TODAY, our local property network, and Newsquest, we deliver high-quality, trusted content with a commitment to balanced, unbiased journalism, where and when consumers want to engage with it on virtually any device or platform. Additionally, the Company has strong relationships with hundreds of 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, Gannett Media and DMS. We also have a Corporate and other category that includes activities not directly attributable to a specific reportable segment and includes broad corporate functions such as legal, human resources, accounting, analytics, finance, and marketing. A full description of our reportable segments is included in Note 12 — 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 initially 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 reduced business travel. While COVID-19 related operating trends have improved since the second quarter of 2020, which represents the quarter that was most significantly impacted by the pandemic, we expect that the resulting changes in consumer behavior will continue to have a negative impact on our business and results of operations in the near-term, including lower revenues and attendance associated with events as compared to pre-COVID-19 pandemic levels and lower sales of single copy newspapers. 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 and Circulation revenues. Basis of presentation The condensed consolidated financial statements included in this report 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, 2021. 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 materially 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. Recent accounting pronouncements adopted Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity In August 2020, the Financial Accounting Standards Board (the "FASB") issued new guidance, ASU 2020-06, that simplifies the accounting for convertible instruments by reducing the number of accounting models for convertible debt instruments and convertible preferred stock. In addition to eliminating certain accounting models, the guidance amends the disclosures for convertible instruments and earnings-per-share guidance. It also amends the guidance for the derivatives scope exception for contracts in an entity’s own equity to reduce form-over-substance-based accounting conclusions. This guidance is effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. The adoption of this guidance did not have a material impact on the accounting for the Company's $497.1 million in aggregate principal amount of 6.0% Senior Secured Convertible Notes due 2027 issued by the Company on November 17, 2020 (the "2027 Notes"), or the condensed consolidated financial statements. Reference Rate Reform In March 2020, the FASB issued guidance, ASU 2020-04, that provides optional expedients and exceptions for contracts, hedging relationships, and other transactions that reference the London Inter-bank Offered Rate ("LIBOR"). ASU 2020-04 is effective prospectively for all entities through December 31, 2022, when the reference rate replacement activity is expected to have been completed. The guidance in ASU 2020-04 is optional and may be elected over time as reference rate reform activities occur. During Q1 2022, the Company applied the optional expedient for contract modifications to the amendment of its five-year senior secured term loan facility in an aggregate principal amount of $516.0 million (the "New Senior Secured Term Loan") with Citibank N.A., as collateral agent and administrative agent for the lenders. The adoption of this guidance did not have a material impact on the condensed consolidated financial statements. Disclosures by Business Entities about Government Assistance In November 2021, the FASB issued new guidance, ASU 2021-10, that requires annual disclosures for transactions with a government that are accounted for by applying a grant or contribution accounting model by analogy, including: (i) information about the nature of the transactions and related accounting policy used to account for the transactions; (ii) the line items on the condensed consolidated balance sheets and condensed consolidated statements of operations and comprehensive income (loss) affected by these transactions, including amounts applicable to each line; and (iii) significant terms and conditions of the transactions, including commitments and contingencies. The adoption of this guidance did not have a material impact on the condensed consolidated financial statements. Accounting for Contract Assets and Contract Liabilities from Contracts with Customers in a Business Combination In October 2021, the FASB issued new guidance, ASU 2021-08, that requires an acquirer to recognize and measure certain contract assets and contract liabilities in a business combination in accordance with ASC 606, "Revenue from Contracts with Customers", rather than at fair value on the acquisition date as required under current U.S. GAAP. This guidance is effective for fiscal years beginning after December 15, 2022, with early adoption permitted, including interim periods within those fiscal years. The early adoption of this guidance effective January 1, 2022 did not have a material impact on the condensed consolidated financial statements.

Revenues

Revenues	9 Months Ended
	Sep. 30, 2022
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 September 30, Nine months ended September 30, In thousands 2022 2021 2022 2021 Print advertising $ 159,324 $ 190,044 $ 506,295 $ 584,165 Digital advertising and marketing services 202,523 221,976 614,275 636,322 Total advertising and marketing services 361,847 412,020 1,120,570 1,220,487 Circulation 264,732 306,702 827,958 942,398 Other 91,323 81,463 266,111 218,659 Total revenues $ 717,902 $ 800,185 $ 2,214,639 $ 2,381,544 For the three and nine months ended September 30, 2022, revenues generated from international locations were approximately 9.6% and 9.4% of total revenues, respectively. For the three and nine months ended September 30, 2021, revenues generated from international locations were approximately 7.9% and 7.7% of total revenues, respectively. 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: Nine months ended September 30, 2022 Nine months ended September 30, 2021 In thousands Advertising, marketing services, and other Circulation Total Advertising, marketing services, and other Circulation Total Beginning balance $ 60,665 $ 124,173 $ 184,838 $ 51,686 $ 134,321 $ 186,007 Acquisition — 2,388 2,388 — — — Cash receipts 203,704 725,621 929,325 226,214 738,366 964,580 Revenue recognized (216,540) (738,426) (954,966) (206,203) (748,125) (954,328) Ending balance $ 47,829 $ 113,756 $ 161,585 $ 71,697 $ 124,562 $ 196,259

Accounts receivable, net

Accounts receivable, net	9 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
Accounts receivable, net	NOTE 3 — 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: Nine months ended September 30, In thousands 2022 2021 Beginning balance $ 16,470 $ 20,843 Current period provision 5,074 3,478 Write-offs charged against the allowance (13,149) (10,998) Recoveries of amounts previously written-off 3,469 3,076 Other 192 12 Ending balance $ 12,056 $ 16,411 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 local, regional or national 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 nine months ended September 30, 2022, the Company recorded $3.5 million and $5.1 million in bad debt expense, respectively. For the three and nine months ended September 30, 2021, the Company recorded $2.8 million and $3.5 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 both the three months and nine months ended September 30, 2022, the Company recorded an increase in bad debt expense due to increased write-offs and reserves associated with circulation revenue in the third quarter of 2022.

Goodwill and intangible assets

Goodwill and intangible assets	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and intangible assets	NOTE 4 — Goodwill and intangible assets Goodwill and intangible assets consisted of the following: September 30, 2022 December 31, 2021 In thousands Gross carrying amount Accumulated Net carrying Gross carrying amount Accumulated Net carrying Finite-lived intangible assets: Advertiser relationships $ 452,018 $ 185,930 $ 266,088 $ 453,038 $ 153,988 $ 299,050 Other customer relationships 102,287 43,544 58,743 102,486 35,237 67,249 Subscriber relationships 253,715 122,209 131,506 254,162 99,905 154,257 Other intangible assets 68,780 53,885 14,895 68,690 44,291 24,399 Sub-total $ 876,800 $ 405,568 $ 471,232 $ 878,376 $ 333,421 $ 544,955 Indefinite-lived intangible assets: Mastheads 167,105 168,198 Total intangible assets $ 638,337 $ 713,153 Goodwill $ 537,898 $ 533,709 Consistent with the Company’s past practice, the Company performed its annual goodwill and indefinite-lived intangible impairment assessment in the second quarter of 2022 with the assistance of third-party valuation specialists. Within the impairment analyses performed, the Company considered the current and expected future economic and market conditions and the impact on the fair value of each of the reporting units. The most significant assumptions utilized in the determination of the estimated fair values included revenue and cash flow projections, discount rates and long-term growth rates. The long-term growth rates are dependent on various factors and could be adversely impacted by a sustained decrease in overall market growth rates, the competitive environment, and relative currency exchange rates, and could be adversely impacted by a sustained increase in inflation, all of which the Company considered in determining the long-term growth rates used in the analysis, which ranged from 0.0% to 3.0%. The discount rate, which is consistent with a weighted average cost of capital that is likely to be expected by a market participant, is based upon industry required rates of return, including consideration of both debt and equity components of the capital structure. The discount rate may be impacted by adverse changes in the macroeconomic environment and volatility in the equity and debt markets. The Company considered these factors in determining the discount rates used in the analysis, which ranged from 13.0% to 17.0%. 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 2022, the Company compared the fair value of each reporting unit to its carrying amount, which resulted in the fair value of all the reporting units being in excess of their carrying values. While the fair value of all reporting units exceeded their respective carrying values at June 30, 2022, the excess amount of fair value over carrying value for our Domestic Gannett Media reporting unit decreased from 126% during the 2021 annual impairment test to 22% during the 2022 annual impairment test. 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 2022, 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 both ASC 350 and ASC 360, which would require interim impairment testing. As of September 30, 2022, the Company performed a review of potential impairment indicators under both ASC 350 and ASC 360 and it was determined that no indicators of impairment were present. While the Company believes its judgments represent reasonably possible outcomes based on available facts and circumstances, adverse changes to the assumptions, including those related to macroeconomic factors, comparable public company trading values and prevailing conditions in the capital markets, could lead to future declines in the fair value of a reporting unit. The Company continually evaluates whether current factors or indicators, such as prevailing conditions in the business environment, capital markets or the economy generally and actual or projected operating results, require the performance of an interim impairment assessment of goodwill, as well as other long-lived assets. For example, any significant shortfall, now or in the future, in advertising revenues or subscribers and/or consumer acceptance of our products could lead to a downward revision in the fair value of certain reporting units.

Integration and reorganization

Integration and reorganization costs and asset impairments	9 Months Ended
	Sep. 30, 2022
Restructuring and Related Activities [Abstract]
Integration and reorganization costs and asset impairments	NOTE 5 — 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, facility consolidation and other restructuring-related expenses, are accrued when probable and reasonably estimable or at the time of program announcement. Severance-related expenses The Company recorded severance-related expenses by segment as follows: Three months ended September 30, Nine months ended September 30, In thousands 2022 2021 2022 2021 Gannett Media $ 11,334 $ 1,941 $ 27,106 $ 10,125 Digital Marketing Solutions 191 402 340 321 Corporate and other 4,212 317 5,288 440 Total $ 15,737 $ 2,660 $ 32,734 $ 10,886 A rollforward of the accrued severance and related costs included in Accounts payable and accrued expenses on the condensed consolidated balance sheets for the nine months ended September 30, 2022 is as follows: In thousands Severance and Beginning balance $ 12,558 Restructuring provision included in integration and reorganization costs 32,734 Cash payments (25,704) Ending balance $ 19,588 The restructuring reserve balance is expected to be paid out over the next twelve months. Facility consolidation and other restructuring-related expenses Facility consolidation and other restructuring-related expenses represent costs for consolidating operations, systems implementation, and outsourcing of corporate functions. The Company recorded facility consolidation charges and other restructuring-related costs by segment as follows: Three months ended September 30, Nine months ended September 30, In thousands 2022 2021 2022 2021 Gannett Media (a) $ 14,044 $ 1,571 $ 15,034 $ 516 Digital Marketing Solutions 240 529 535 980 Corporate and other (b) 3,290 8,859 12,151 23,085 Total $ 17,574 $ 10,959 $ 27,720 $ 24,581 (a) The increase in Facility consolidation and other restructuring-related expenses at the Gannett Media segment for the three and nine months ended September 30, 2022 compared to the three and nine months ended September 30, 2021 was driven primarily by an increase in other costs, including a withdrawal liability which was expensed as a result of ceasing contributions to a multiemployer pension plan, as well as facilities consolidation expenses associated with exiting a lease. (b) The decrease in Facility consolidation and other restructuring-related expenses at the Corporate and other segment for the three and nine months ended September 30, 2022 compared to the three and nine months ended September 30, 2021 was driven primarily by a decrease in costs associated with systems implementation and outsourcing of corporate functions. Accelerated depreciation The Company incurred accelerated depreciation, a component of Depreciation and amortization expense in the condensed consolidated statements of operations and comprehensive income (loss) related to the shortened useful life of assets due to the closing of print facilities and sale of property primarily at the Gannett Media segment, of $0.3 million and $1.1 million for the three months ended September 30, 2022 and 2021, respectively, and $10.5 million and $11.4 million for the nine months ended September 30, 2022 and 2021, respectively.

Debt

Debt	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Debt	NOTE 6 — Debt The Company's debt consisted of the following: September 30, 2022 December 31, 2021 (in millions) Principal balance Unamortized original issue discount Unamortized deferred financing costs Carrying value Principal balance Unamortized original issue discount Unamortized deferred financing costs Carrying value New Senior Secured Term Loan $ 467.9 $ (10.0) $ (2.2) $ 455.7 $ 480.1 $ (14.1) $ (2.7) $ 463.3 2026 Senior Notes 363.0 (10.5) (8.2) 344.3 400.0 (13.7) (10.7) 375.6 2027 Notes 485.3 (84.3) (1.8) 399.2 485.3 (93.2) (2.0) 390.1 2024 Notes 3.3 — — 3.3 3.3 — — 3.3 Total debt $ 1,319.5 $ (104.8) $ (12.2) $ 1,202.5 $ 1,368.7 $ (121.0) $ (15.4) $ 1,232.3 Less: Current portion of long-term debt $ (91.1) $ — $ — $ (91.1) $ (69.5) $ — $ — $ (69.5) Non-current portion of long-term debt $ 1,228.4 $ (104.8) $ (12.2) $ 1,111.4 $ 1,299.2 $ (121.0) $ (15.4) $ 1,162.8 New Senior Secured Term Loan On October 15, 2021, Gannett Holdings LLC ("Gannett Holdings"), a wholly-owned subsidiary of the Company, entered into the New Senior Secured Term Loan with Citibank N.A., as collateral agent and administrative agent for the lenders. On January 31, 2022, Gannett Holdings entered into an amendment (the "Term Loan Amendment") to its New Senior Secured Term Loan to provide for new incremental senior secured term loans (the "Incremental Term Loans") in an aggregate principal amount of $50 million. The Incremental Term Loans have substantially identical terms as the New Senior Secured Term Loan and are treated as a single tranche with the New Senior Secured Term Loan. The Term Loan Amendment also amended the New Senior Secured Term Loan to transition the interest rate base from LIBOR to Adjusted Term SOFR and to permit the repurchase of up to $50 million of the Company's common stock, par value $0.01 per share ("Common Stock") under the Stock Repurchase Program (defined below in Note 10 — Supplemental equity information) consummated on or prior to December 31, 2022, in addition to capacity for Gannett Holdings to make restricted payments, including stock repurchases, currently permitted under other provisions of the New Senior Secured Term Loan and our other debt facilities, including the 2026 Senior Secured Notes Indenture and the 2027 Notes Indenture (terms defined below). On March 21, 2022 and April 8, 2022, Gannett Holdings entered into amendments to its New Senior Secured Term Loan to provide for incremental senior secured term loans in an aggregate principal amount of $22.5 million and $7.5 million, respectively. The New Senior Secured Term Loan bears interest at a per annum rate equal to Adjusted Term SOFR (which shall not be less than 0.50% per annum) plus a margin of 5.00% or an alternate base rate (which shall not be less than 1.50% per annum) plus a margin equal to 4.00%. Loans under the New Senior Secured Term Loan may be prepaid, at the option of Gannett Holdings, at any time without premium, except a premium equal to 1.00% of the aggregate principal amount of the loans being repaid in connection with certain refinancing or repricing events that reduce the all-in yield applicable to the loans and occur on or before October 15, 2022. In addition, we are required to repay the New Senior Secured 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 not permitted under the New Senior Secured Term Loan , and (iii) the aggregate amount of cash and cash equivalents on hand at the Company and its restricted subsidiaries in excess of $100 million at the end of each fiscal year of the Company. The New Senior Secured Term Loan amortizes in equal quarterly installments, beginning June 30, 2022, at a rate equal to 10.00% per annum (or, if the ratio of debt secured on an equal basis with the New Senior Secured Term Loan less unrestricted cash of the Company and its restricted subsidiaries to Consolidated EBITDA (as such terms are defined in the New Senior Secured Term Loan ) (such ratio, the "First Lien Net Leverage Ratio"), for the most recently ended period of four consecutive fiscal quarters is equal to or less than 1.20 to 1.00, 5.00% per annum). All obligations under the New Senior Secured Term Loan are secured by all or substantially all of the assets of the Company and the wholly-owned domestic subsidiaries of the Company (the "New Senior Secured Term Loan Guarantors"). The obligations of Gannett Holdings under the New Senior Secured Term Loan are guaranteed on a senior secured basis by the Company and the New Senior Secured Term Loan Guarantors. The New Senior Secured Term Loan contains usual and customary covenants for credit facilities of this type, including a requirement to have minimum unrestricted cash of $30 million as of the last day of each fiscal quarter, and restricts, among other things, our ability to incur debt, grant liens, sell assets, and make investments and pay dividends, in each case with customary exceptions, including an exception that permits dividends and repurchases of outstanding junior debt or equity in (i) an amount of up to $25 million per fiscal quarter if the First Lien Net Leverage Ratio for such fiscal quarter is equal to or less than 2.00 to 1.00, (ii) an amount of up to $50 million per fiscal quarter if the First Lien Net Leverage Ratio for such fiscal quarter is equal to or less than 1.50 to 1.00, and (iii) an unlimited amount if First Lien Net Leverage Ratio for such fiscal quarter is equal to or less than 1.00 to 1.00. As of September 30, 2022, the Company was in compliance with all of the covenants and obligations under the New Senior Secured Term Loan. The New Senior Secured Term Loan was recorded at carrying value, which approximates fair value in the condensed consolidated balance sheets and was classified as Level 2. For the three and nine months ended September 30, 2022, the Company recognized interest expense of $8.9 million and $23.3 million, respectively, and paid interest expense of $8.9 million and $23.3 million, respectively. For the three and nine months ended September 30, 2022, the Company recognized amortization of original issue discount of $0.9 million and $2.7 million, respectively, and amortization of deferred financing costs of $0.2 million and $0.6 million, respectively. Additionally, during the three and nine months ended September 30, 2022, the Company recognized losses on early extinguishment of debt which were immaterial and $1.8 million, respectively, related to the write-off of original issue discount and deferred financing costs as a result of early prepayments on the New Senior Secured Term Loan. For the three and nine months ended September 30, 2022, the Company made prepayments, inclusive of both mandatory and optional prepayments, totaling $17.3 million and $92.2 million, respectively, which were classified as financing activities in the condensed consolidated statements of cash flows. As of September 30, 2022, the effective interest rate for the New Senior Secured Term Loan was 6.4%. Senior Secured Notes due 2026 On October 15, 2021, Gannett Holdings completed a private offering of $400 million aggregate principal amount of 6.00% first lien notes due November 1, 2026 (the "2026 Senior Notes"). The 2026 Senior Notes were issued pursuant to an indenture, dated October 15, 2021 (the "2026 Senior Notes Indenture") among Gannett Holdings, the Company, the guarantors from time to time party thereto (the "2026 Senior Notes Guarantors"), U.S. Bank National Association, as trustee, and U.S. Bank National Association, as collateral agent, registrar, paying agent and authenticating agent. Interest on the 2026 Senior Notes is payable semi-annually in arrears, beginning on May 1, 2022. The 2026 Senior Notes mature on November 1, 2026, unless redeemed or repurchased earlier pursuant to the 2026 Senior Notes Indenture. The 2026 Senior Notes may be redeemed at the option of Gannett Holdings, in whole or in part, at any time and from time to time after November 1, 2023, at the redemption prices set forth in the 2026 Senior Notes Indenture. At any time prior to such date, Gannett Holdings will be entitled at its option to redeem all, but not less than all, of the 2026 Senior Notes at the "make-whole" redemption price set forth in the 2026 Senior Notes Indenture. Additionally, at any time prior to November 1, 2023, Gannett Holdings may, on one or more occasions, redeem up to 40% of the aggregate principal amount of the 2026 Senior Notes at the redemption price set forth in the 2026 Senior Notes Indenture with the net cash proceeds of certain equity offerings. If certain changes of control with respect to Gannett Holdings or the Company occur, Gannett Holdings must offer to purchase the 2026 Senior Notes at a purchase price in cash equal to 101% of the principal amount thereof on the date of purchase, plus accrued and unpaid interest to, but excluding, the date of purchase. In addition, during any twelve-month period commencing on or after October 15, 2021 and ending prior to November 1, 2023, up to 10% of the aggregate principal amount of the 2026 Senior Notes issued under the 2026 Senior Notes Indenture may be redeemed at a purchase price equal to 103% of the aggregate principal amount of the 2026 Senior Notes to be redeemed, plus accrued and unpaid interest, if any, to but excluding, the redemption date. The 2026 Senior Notes are unconditionally guaranteed, jointly and severally, on a senior secured basis by the 2026 Senior Notes Guarantors. The 2026 Senior Notes and such guarantees are secured on a first-priority basis by the collateral, consisting of substantially all of the assets of Gannett Holdings and the 2026 Senior Notes Guarantors, subject to certain intercreditor arrangements. The 2026 Senior Notes Indenture limits the Company and its restricted subsidiaries’ ability to, among other things, make investments, loans, advances, guarantees and acquisitions; incur or guarantee additional debt and issue certain disqualified equity interests and preferred stock; make certain restricted payments, including a limit on dividends on equity securities or payments to redeem, repurchase or retire equity securities or other indebtedness; dispose of assets; create liens on assets to secure debt; engage in transactions with affiliates; enter into certain restrictive agreements; and consolidate, merge, sell or otherwise dispose of all or substantially all of their or a 2026 Senior Notes Guarantor’s assets. These covenants are subject to a number of limitations and exceptions. The 2026 Senior Notes Indenture also contains customary events of default. The 2026 Senior Notes are classified as Level 2 because they are 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. The unamortized deferred financing costs will be amortized over the remaining contractual life of the 2026 Senior Notes. For the three and nine months ended September 30, 2022, the Company recognized interest expense of $5.6 million and $17.1 million, respectively, and paid interest expense of $0.2 million and $13.1 million, respectively. For the three and nine months ended September 30, 2022, the Company recognized amortization of original issue discount of $0.7 million and $2.1 million, respectively, and amortization of deferred financing costs of $0.5 million and $1.6 million, respectively, in connection with the 2026 Senior Notes. As of September 30, 2022, the effective interest rate on the 2026 Senior Notes was 7.3%. The Company entered into privately negotiated agreements with certain holders of our 2026 Senior Notes, and for the three and nine months ended September 30, 2022, repurchased $7.0 million and $37.0 million, respectively, of principal of our outstanding 2026 Senior Notes. In connection with these repurchases, the Company exchanged $30.0 million of our 2026 Senior Notes for $30.0 million of our New Senior Secured Term Loan. The repurchases were treated as an extinguishment of a portion of the 2026 Senior Notes, and as a result, the Company recognized a gain on the early extinguishment of debt of approximately $1.3 million for the three months ended September 30, 2022, and a loss on the early extinguishment of debt of approximately $0.4 million for the nine months ended September 30, 2022, related to the write-off of unamortized original issue discount and deferred financing costs. Senior Secured Convertible Notes due 2027 The 2027 Notes were issued pursuant to an Indenture dated as of November 17, 2020, as amended by the First Supplemental Indenture dated as of December 21, 2020 and the Second Supplemental Indenture dated as of February 9, 2021 (collectively, the "2027 Notes Indenture"), between the Company and U.S. Bank National Association, as trustee. In connection with the issuance of the 2027 Notes, the Company entered into an Investor Agreement (the "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. The Company also entered into an amendment to the Registration Rights Agreement dated November 19, 2019, between the Company and FIG LLC, the Company's former manager. 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 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 2027 Notes 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% (adjusted for repurchases and certain other events that reduce the outstanding amount of the 2027 Notes) of the Common Stock after giving effect to such issuance or sale (assuming the initial principal amount of the 2027 Notes remains outstanding). After giving effect to the repurchase of $11.8 million in aggregate principal outstanding of the 2027 Notes during the year ended December 31, 2021, such percentage is approximately 41%. Upon the occurrence of a "Make-Whole Fundamental Change" (as defined in the 2027 Notes 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 2027 Notes 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 New Senior Secured Term Loan. Under the 2027 Notes 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 2027 Notes Indenture) does not exceed a specified ratio. In addition, the 2027 Notes Indenture provides that, at any time that the Company’s Total Gross Leverage Ratio (as defined in the 2027 Notes 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 and any subsidiaries of the Company that guarantee the New Senior Secured Term Loan. The 2027 Notes are secured by the same collateral that secures the New Senior Secured 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 that secured the indebtedness incurred in connection with the New Senior Secured Term Loan. The 2027 Notes Indenture includes affirmative and negative covenants, including limitations on liens, indebtedness, dispositions, loan, advances and investors, sale and leaseback transactions, restricted payments, transactions with affiliates, restrictions on dividends and other payment restrictions affecting restricted subsidiaries, negative pledges and modifications to certain agreements. The 2027 Notes Indenture also requires that the Company maintain, as of the last day of each fiscal quarter, at least $30.0 million of Qualified Cash (as defined in the 2027 Notes Indenture). The 2027 Notes Indenture includes customary events of default. The 2027 Notes have two components: (i) a debt component, and (ii) an equity component. The debt 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. The fair value of the equity component is classified as Level 3 because it is measured at fair value using a binomial lattice model using assumptions based on market information and historical data, and significant unobservable inputs. As of September 30, 2022 and December 31, 2021, the amount of the conversion feature recorded in Additional paid-in capital was $279.6 million. For the three and nine months ended September 30, 2022, the Company recognized interest expense of $7.3 million and $21.8 million, respectively, and paid no interest expense for the three months ended September 30, 2022 and paid interest expense of $14.6 million for the nine months ended September 30, 2022. For the three and nine months ended September 30, 2021, the Company recognized interest expense of $7.5 million and $22.4 million, respectively, and paid no interest expense for the three months ended September 30, 2021 and paid interest expense of $16.1 million for the nine months ended September 30, 2021. In addition, during the three and nine months ended September 30, 2022, the Company recognized amortization of the original issue discount of $3.1 million and $8.9 million, respectively, and amortization of deferred financing costs related to the 2027 Notes was immaterial for the three and nine months ended September 30, 2022. For the three and nine months ended September 30, 2021, the Company recognized amortization of original issue discount of $2.9 million and $7.9 million, respectively, and amortization of deferred financing costs related to the 2027 Notes was immaterial and $0.2 million for the three and nine months ended September 30, 2021, respectively. The effective interest rate on the liability component of the 2027 Notes was 10.5% as of both September 30, 2022 and 2021. For the nine months ended September 30, 2022, 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	9 Months Ended
	Sep. 30, 2022
Retirement Benefits [Abstract]
Pensions and other postretirement benefit plans	NOTE 7 — 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., 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 September 30, Three months ended September 30, In thousands 2022 2021 2022 2021 Operating expenses: Service cost - benefits earned during the period $ 448 $ 490 $ 19 $ 23 Non-operating expenses: Interest cost on benefit obligation 17,715 17,042 442 428 Expected return on plan assets (32,316) (41,355) — — Amortization of actuarial loss (gain) 22 38 (147) (13) Pension settlement gain (706) — n/a n/a Total non-operating (benefit) expenses $ (15,285) $ (24,275) $ 295 $ 415 Total expense (benefit) for retirement plans $ (14,837) $ (23,785) $ 314 $ 438 Pension benefits Postretirement benefits Nine months ended September 30, Nine months ended September 30, In thousands 2022 2021 2022 2021 Operating expenses: Service cost - benefits earned during the period $ 1,357 $ 1,470 $ 57 $ 67 Non-operating expenses: Interest cost on benefit obligation 54,496 51,179 1,327 1,330 Expected return on plan assets (106,106) (124,193) — — Amortization of actuarial loss (gain) 67 115 (441) (75) Pension settlement gain (706) — n/a n/a Total non-operating (benefit) expenses $ (52,249) $ (72,899) $ 886 $ 1,255 Total expense (benefit) for retirement plans $ (50,892) $ (71,429) $ 943 $ 1,322 Purchase of Pension Annuity Contract On August 31, 2022, Gannett Media Corp., a wholly-owned subsidiary of the Company, as sponsor of the GR Plan, entered into an agreement pursuant to which the GR Plan used a portion of its assets to purchase annuities from two insurance companies (the "Insurers") and transferred approximately $450 million of the GR Plan's pension liabilities and related pension assets. As of August 31, 2022, this agreement irrevocably transferred to the Insurers future GR Plan benefit obligations for certain U.S. retirees and beneficiaries ("Participants") beginning with payments due to the Participants on November 1, 2022 (the "Effective Date") and Gannett Media Corp. has no financial responsibility for the Participants' benefits on or after such date. As of the Effective Date, the Insurers have assumed responsibility for administrative and customer service support, including distribution of payments to the Participants. Participants' benefits were not reduced as a result of this transaction. As a result of this transaction, we were required to remeasure the related plan benefit obligations and assets as of August 31, 2022 reflecting the use of an updated discount rate. The plan remeasurement resulted in a decrease of $99.9 million to our net funded pension obligation, which includes a decrease in benefit obligation of $281.8 million (primarily due to an increase in the discount rate from 2.95% at January 1, 2022 to 5.05%) and an incremental decrease in plan assets of $381.7 million. In addition, we re cognized a noncash pension settlement gain of $0.7 million ($0.5 million after tax) for the GR Plan for the quarter ended September 30, 2022, which represents the accelerated recognition of actuarial gains that were included in accumulated other comprehensive income (loss) within stockholders' equity. Contributions During the nine months ended September 30, 2022, we contributed $17.9 million and $3.8 million to our pension and other postretirement plans, respectively. Additionally, in response to the COVID-19 pandemic, our GR Plan in the U.S. has deferred certain contractual contributions and negotiated a contribution payment plan of $5.0 million per quarter from December 31,

Fair value measurement

Fair value measurement	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair value measurement	NOTE 8 — 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 September 30, 2022 and December 31, 2021, 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. Refer to Note 6 — Debt for additional discussion regarding fair value of the New Senior Secured Term Loan, the 2026 Senior Notes, the 2027 Notes and the 2024 Notes. 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 $0.6 million and $3.5 million as of September 30, 2022 and December 31, 2021, respectively. 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 4 — Goodwill and intangible assets for additional discussion regarding the annual impairment assessment.

Income taxes

Income taxes	9 Months Ended
	Sep. 30, 2022
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 September 30, Nine months ended September 30, In thousands 2022 2021 2022 2021 Income (loss) before income taxes $ (36,024) $ 17,529 $ (78,275) $ (101,880) Provision for income taxes 18,098 2,984 32,649 11,567 Effective tax rate (50.2) % 17.0 % (41.7) % (11.4) % The provision for income taxes is calculated by applying the projected annual effective tax rate for the year to the current period income or loss before tax plus the tax effect of any significant or unusual items (discrete events), or changes in tax law. The provision for income taxes for the three months ended September 30, 2022 was mainly driven by the valuation allowances on non-deductible interest expense carryforwards and the global intangible low-taxed income inclusion from our wholly owned U.K. subsidiary. The provision was calculated using an estimated annual effective tax rate of negative 46.3%. The estimated annual effective tax rate is principally impacted by the valuation allowances on non-deductible interest expense carryforwards, the benefit of a pre-tax book loss, the global intangible low taxed income inclusion, and foreign tax expense. The estimated annual effective tax rate is based on the projected tax expense for the full year. The provision for income taxes for the nine months ended September 30, 2022 was mainly driven by the valuation allowances on non-deductible interest expense carryforwards, the global intangible low taxed income inclusion and foreign taxes, offset by the benefit of the pre-tax loss. The total amount of unrecognized tax benefits that, if recognized, may impact the effective tax rate was approximately $43.2 million and $45.0 million as of September 30, 2022 and December 31, 2021, respectively. The amount of accrued interest and penalties payable related to unrecognized tax benefits was $4.3 million and $3.7 million as of September 30, 2022 and December 31, 2021, respectively. 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. The provision for income taxes for the three months ended September 30, 2021 was mainly driven by the pre-tax income and was impacted by forgiveness of Paycheck Protection Program ("PPP") loans during the quarter. For federal tax purposes, book income from forgiven loans is not included in taxable income, and expenses paid utilizing the loan proceeds can be deducted. The impact of PPP loan forgiveness was partially offset by the creation of valuation allowances on non-deductible interest expense carryforwards. The provision was calculated using the estimated annual effective tax rate of 77.7%. The provision for income taxes for the nine months ended September 30, 2021 was mainly driven by the pre-tax net loss generated during the first quarter of 2021. The tax provision was also impacted by the derivative revaluation, which is nondeductible for tax purposes, the creation of valuation allowances on non-deductible interest expense carryforwards, and PPP loan forgiveness, in combination with state income tax and foreign tax expense.

Supplemental equity information

Supplemental equity information	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Supplemental equity information	NOTE 10 — Supplemental equity information Income (loss) per share The following table sets forth the information to compute basic and diluted income (loss) per share: Three months ended September 30, Nine months ended September 30, In thousands, except per share data 2022 2021 2022 2021 Net income (loss) attributable to Gannett $ (54,114) $ 14,687 $ (110,769) $ (112,514) Interest adjustment to Net income (loss) attributable to Gannett related to assumed conversions of the 2027 Notes, net of taxes — 7,598 — — Net income (loss) attributable to Gannett for diluted earnings per share $ (54,114) $ 22,285 $ (110,769) $ (112,514) Basic weighted average shares outstanding 137,008 135,002 136,857 134,610 Effect of dilutive securities: Restricted stock grants — 5,032 — — 2027 Notes — 99,419 — — Diluted weighted average shares outstanding 137,008 239,453 136,857 134,610 Income (loss) per share attributable to Gannett - basic $ (0.39) $ 0.11 $ (0.81) $ (0.84) Income (loss) per share attributable to Gannett - diluted $ (0.39) $ 0.09 $ (0.81) $ (0.84) The Company excluded the following securities from the computation of diluted income (loss) per share because their effect would have been antidilutive: Three months ended September 30, Nine months ended September 30, In thousands 2022 2021 2022 2021 Warrants 845 845 845 845 Stock options 6,068 6,068 6,068 6,068 Restricted stock grants (a) 11,211 42 11,211 10,442 2027 Notes (b) 97,057 — 97,057 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 September 30, 2022 and 2021 as stipulated in the 2027 Notes 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 287.2 million shares of Common Stock. The Company has excluded approximately 190.1 million shares from the income (loss) per share calculation, representing the difference between the total number of shares that would be convertible at September 30, 2022 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 $4.5 million and $13.3 million for the three and nine months ended September 30, 2022, respectively, and $4.6 million and $13.8 million for the three and nine months ended September 30, 2021, respectively. The total compensation cost not yet recognized related to non-vested awards as of September 30, 2022 was $34.1 million, which is expected to be recognized over a weighted-average period of 2.1 years through November 2024. Equity awards During the nine months ended September 30, 2022, a total of 7.4 million RSAs were granted. RSAs generally vest 33.3% on the first and second anniversary of the date of grant, and 33.4% on the third anniversary of the date of grant, subject to the participants' continued employment with the Company and the terms of the applicable award agreement. The weighted average grant date fair value of RSAs granted during the nine months ended September 30, 2022 was $4.29. During the nine months ended September 30, 2022, a total of 2.6 million RSAs were forfeited, with a weighted average grant date fair value of $3.54. During the nine months ended September 30, 2022, a total of 0.3 million PSUs were granted. PSUs are subject to the achievement of certain performance goals over the eligible period. Compensation cost ultimately recognized for these PSUs will equal the grant-date fair market value of the unit that coincides with the actual outcome of the performance conditions. On an interim basis, we record compensation cost based on the expected level of achievement of the performance conditions. 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 nine months ended September 30, 2022. Stock Repurchase Program On February 1, 2022, the Company's board of directors authorized the repurchase of up to $100 million of the Company's Common Stock (the "Stock Repurchase Program"). Repurchases may be made from time to time through open market purchases or privately negotiated transactions, pursuant to one or more plans established pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, or by means of one or more tender offers, in each case, as permitted by securities laws and other legal requirements. The amount and timing of the purchases will depend on a number of factors including, but not limited to, the price and availability of the Company’s shares, trading volume, capital availability, Company performance and general economic and market conditions. The Stock Repurchase Program may be suspended or discontinued at any time. During the three months ended September 30, 2022, the Company did not repurchase any shares of Common Stock under the Stock Repurchase Program. During the nine months ended September 30, 2022, the Company repurchased 800 thousand shares of Common Stock under the Stock Repurchase Program for approximately $3.1 million, excluding commissions. As of September 30, 2022, the remaining authorized amount under the Stock Repurchase Program was approximately $96.9 million. Accumulated other comprehensive (loss) income The following tables summarize the components of, and the changes in, Accumulated other comprehensive (loss) income, net of tax for the nine months ended September 30, 2022 and 2021: Nine months ended September 30, 2022 Nine months ended September 30, 2021 In thousands Pension and postretirement plans Foreign currency translation Total Pension and postretirement plans Foreign currency translation Total Beginning balance $ 50,870 $ 9,128 $ 59,998 $ 40,441 $ 9,732 $ 50,173 Other comprehensive (loss) income before reclassifications, net of taxes (62,075) (44,925) (107,000) 93 (700) (607) Amounts reclassified from accumulated other comprehensive (loss) income (a)(b)(c) (801) — (801) 29 — 29 Net current period other comprehensive (loss) income, net of taxes (62,876) (44,925) (107,801) 122 (700) (578) Ending balance $ (12,006) $ (35,797) $ (47,803) $ 40,563 $ 9,032 $ 49,595 (a) This accumulated other comprehensive (loss) income component is included in the computation of net periodic benefit cost. See Note 7 — Pensions and other postretirement benefit plans. (b) Amounts reclassified from accumulated other comprehensive (loss) income are recorded net of tax impacts of $0.3 million and $11 thousand for the nine months ended September 30, 2022 and 2021, respectively. (c) Amounts reclassified from accumulated other comprehensive (loss) income include a net pension settlement gain of $0.7 million ($0.5 million, net of tax) for the nine months ended September 30, 2022. See Note 7 — Pensions and other postretirement benefit plans.

Commitments, contingencies and

Commitments, contingencies and other matters	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments, contingencies and other matters	NOTE 11 — 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. We are also 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.

Segment reporting

Segment reporting	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Segment reporting	NOTE 12 — 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: • Gannett Media 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 Gannett Media reportable segment is an aggregation of two operating segments: Domestic Gannett Media and Newsquest. • Digital Marketing Solutions is comprised of our digital marketing services companies branded LocaliQ. 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 reportable segments above, 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 and Adjusted EBITDA margin to evaluate the performance of the segments and allocate resources. Adjusted EBITDA and Adjusted EBITDA margin 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, (5) Loss on convertible notes derivative, (6) Depreciation and amortization, (7) Integration and reorganization costs, (8) Other operating expenses, including third-party debt expenses and acquisition costs, (9) Asset impairments, (10) Goodwill and intangible impairments, (11) Gains or losses on the sale or disposal of assets, (12) Share-based compensation, and (13) certain other non-recurring charges. We define Adjusted EBITDA margin as Adjusted EBITDA divided by total Operating revenues. Management considers Adjusted EBITDA and Adjusted EBITDA margin to be important metrics to evaluate and compare the ongoing operating performance of our segments on a consistent basis across reporting periods as they eliminate the effect of items that we do not believe are indicative of each segment's core operating performance. The following tables present our segment information: Three months ended September 30, 2022 In thousands Gannett Media Digital Marketing Solutions Corporate and other Intersegment Eliminations Consolidated Advertising and marketing services - external sales $ 241,798 $ 120,049 $ — $ — $ 361,847 Advertising and marketing services - intersegment sales 36,481 — — (36,481) — Circulation 264,732 — — — 264,732 Other 89,995 — 1,328 — 91,323 Total operating revenues $ 633,006 $ 120,049 $ 1,328 $ (36,481) $ 717,902 Adjusted EBITDA (non-GAAP basis) $ 46,023 $ 15,690 $ (9,804) $ — $ 51,909 Adjusted EBITDA margin (non-GAAP basis) 7.3 % 13.1 % NM NM 7.2 % NM indicates not meaningful. Three months ended September 30, 2021 In thousands Gannett Media Digital Marketing Solutions Corporate and other Intersegment Eliminations Consolidated Advertising and marketing services - external sales $ 294,742 $ 116,771 $ 507 $ — $ 412,020 Advertising and marketing services - intersegment sales 34,042 — — (34,042) — Circulation 306,698 — 4 — 306,702 Other 80,325 — 1,138 — 81,463 Total operating revenues $ 715,807 $ 116,771 $ 1,649 $ (34,042) $ 800,185 Adjusted EBITDA (non-GAAP basis) $ 101,001 $ 15,024 $ (13,958) $ — $ 102,067 Adjusted EBITDA margin (non-GAAP basis) 14.1 % 12.9 % NM NM 12.8 % NM indicates not meaningful. Nine months ended September 30, 2022 In thousands Gannett Media Digital Marketing Solutions Corporate and other Intersegment Eliminations Consolidated Advertising and marketing services - external sales $ 772,799 $ 347,771 $ — $ — $ 1,120,570 Advertising and marketing services - intersegment sales 105,443 — — (105,443) — Circulation 827,958 — — — 827,958 Other 262,069 — 4,042 — 266,111 Total operating revenues $ 1,968,269 $ 347,771 $ 4,042 $ (105,443) $ 2,214,639 Adjusted EBITDA (non-GAAP basis) $ 165,527 $ 41,176 $ (39,772) $ — $ 166,931 Adjusted EBITDA margin (non-GAAP basis) 8.4 % 11.8 % NM NM 7.5 % NM indicates not meaningful. Nine months ended September 30, 2021 In thousands Gannett Media Digital Marketing Solutions Corporate and other Intersegment Eliminations Consolidated Advertising and marketing services - external sales $ 890,665 $ 328,184 $ 1,638 $ — $ 1,220,487 Advertising and marketing services - intersegment sales 93,910 — — (93,910) — Circulation 942,392 — 6 — 942,398 Other 212,970 905 4,784 — 218,659 Total operating revenues $ 2,139,937 $ 329,089 $ 6,428 $ (93,910) $ 2,381,544 Adjusted EBITDA (non-GAAP basis) $ 317,398 $ 36,725 $ (35,822) $ — $ 318,301 Adjusted EBITDA margin (non-GAAP basis) 14.8 % 11.2 % NM NM 13.4 % NM indicates not meaningful. 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 September 30, Nine months ended September 30, In thousands 2022 2021 2022 2021 Net income (loss) attributable to Gannett $ (54,114) $ 14,687 $ (110,769) $ (112,514) Provision for income taxes 18,098 2,984 32,649 11,567 Interest expense 27,750 34,603 79,840 109,370 (Gain) loss on early extinguishment of debt (1,228) 3,761 2,264 25,996 Non-operating pension income (14,990) (23,860) (51,363) (71,644) Loss on convertible notes derivative — — — 126,600 Depreciation and amortization 44,778 48,107 142,091 154,452 Integration and reorganization costs 33,311 13,619 60,454 35,467 Other operating expenses 249 4 1,665 11,354 Asset impairments 71 2,301 1,010 3,134 (Gain) loss on sale or disposal of assets, net (7,180) (833) (9,612) 9,206 Share-based compensation expense 4,499 4,602 13,277 13,804 Other Items 665 2,092 5,425 1,509 Adjusted EBITDA (non-GAAP basis) $ 51,909 $ 102,067 $ 166,931 $ 318,301 Net income (loss) attributable to Gannett margin (7.5) % 1.8 % (5.0) % (4.7) % Adjusted EBITDA margin (non-GAAP basis) 7.2 % 12.8 % 7.5 % 13.4 %

Other supplemental information

Other supplemental information	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Other supplemental information	NOTE 13 — 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: September 30, In thousands 2022 2021 Cash and cash equivalents $ 124,867 $ 141,302 Restricted cash included in prepaid expenses and other current assets 1,078 4,845 Restricted cash included in other assets (a) 10,246 21,267 Total cash, cash equivalents and restricted cash $ 136,191 $ 167,414 (a) The decrease in Restricted cash included in other assets from September 30, 2021 to September 30, 2022 was mainly driven by the reclassification of amounts from Restricted cash to Deposits as the cash was no longer separately identifiable. Supplemental cash flow information The following table presents supplemental cash flow information, including non-cash investing and financing activities: Nine months ended September 30, In thousands 2022 2021 Cash paid for taxes, net of refunds $ 2,726 $ (9,031) Cash paid for interest 51,021 80,280 Non-cash investing and financing activities: Accrued capital expenditures $ 970 $ 2,836 Accounts payable and accrued liabilities A breakout of Accounts payable and accrued liabilities is presented below: In thousands September 30, 2022 December 31, 2021 Accounts payable $ 162,646 $ 157,257 Compensation 86,596 107,585 Taxes (primarily property, sales, and payroll taxes) 14,400 26,042 Benefits 21,542 21,056 Interest 18,852 7,577 Other 38,779 37,497 Accounts payable and accrued liabilities $ 342,815 $ 357,014

Subsequent events

Subsequent events	9 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
Subsequent events	NOTE 14 — Subsequent events In October 2022, the Company entered into a privately negotiated agreement with a holder of our 2026 Senior Notes to repurchase $17.8 million of principal of our outstanding 2026 Senior Notes at 78.0% of par value. As a result of this transaction, the Company expects to recognize a gain on the early extinguishment of debt of approximately $3.0 million during the fourth quarter of 2022, which would include the write-off of unamortized original issue discount and deferred financing costs of approximately $0.9 million.

Description of business and b_2

Description of business and basis of presentation (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The condensed consolidated financial statements included in this report 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, 2021.
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 materially 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.
Recent accounting pronouncements adopted and Recent accounting pronouncements not yet adopted	Recent accounting pronouncements adopted Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity In August 2020, the Financial Accounting Standards Board (the "FASB") issued new guidance, ASU 2020-06, that simplifies the accounting for convertible instruments by reducing the number of accounting models for convertible debt instruments and convertible preferred stock. In addition to eliminating certain accounting models, the guidance amends the disclosures for convertible instruments and earnings-per-share guidance. It also amends the guidance for the derivatives scope exception for contracts in an entity’s own equity to reduce form-over-substance-based accounting conclusions. This guidance is effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. The adoption of this guidance did not have a material impact on the accounting for the Company's $497.1 million in aggregate principal amount of 6.0% Senior Secured Convertible Notes due 2027 issued by the Company on November 17, 2020 (the "2027 Notes"), or the condensed consolidated financial statements. Reference Rate Reform In March 2020, the FASB issued guidance, ASU 2020-04, that provides optional expedients and exceptions for contracts, hedging relationships, and other transactions that reference the London Inter-bank Offered Rate ("LIBOR"). ASU 2020-04 is effective prospectively for all entities through December 31, 2022, when the reference rate replacement activity is expected to have been completed. The guidance in ASU 2020-04 is optional and may be elected over time as reference rate reform activities occur. During Q1 2022, the Company applied the optional expedient for contract modifications to the amendment of its five-year senior secured term loan facility in an aggregate principal amount of $516.0 million (the "New Senior Secured Term Loan") with Citibank N.A., as collateral agent and administrative agent for the lenders. The adoption of this guidance did not have a material impact on the condensed consolidated financial statements. Disclosures by Business Entities about Government Assistance In November 2021, the FASB issued new guidance, ASU 2021-10, that requires annual disclosures for transactions with a government that are accounted for by applying a grant or contribution accounting model by analogy, including: (i) information about the nature of the transactions and related accounting policy used to account for the transactions; (ii) the line items on the condensed consolidated balance sheets and condensed consolidated statements of operations and comprehensive income (loss) affected by these transactions, including amounts applicable to each line; and (iii) significant terms and conditions of the transactions, including commitments and contingencies. The adoption of this guidance did not have a material impact on the condensed consolidated financial statements. Accounting for Contract Assets and Contract Liabilities from Contracts with Customers in a Business Combination In October 2021, the FASB issued new guidance, ASU 2021-08, that requires an acquirer to recognize and measure certain contract assets and contract liabilities in a business combination in accordance with ASC 606, "Revenue from Contracts with Customers", rather than at fair value on the acquisition date as required under current U.S. GAAP. This guidance is effective for fiscal years beginning after December 15, 2022, with early adoption permitted, including interim periods within those fiscal years. The early adoption of this guidance effective January 1, 2022 did not have a material impact on the condensed consolidated financial statements.

Revenues (Tables)

Revenues (Tables)	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Schedule of disaggregation of revenue	The following table presents our revenues disaggregated by source: Three months ended September 30, Nine months ended September 30, In thousands 2022 2021 2022 2021 Print advertising $ 159,324 $ 190,044 $ 506,295 $ 584,165 Digital advertising and marketing services 202,523 221,976 614,275 636,322 Total advertising and marketing services 361,847 412,020 1,120,570 1,220,487 Circulation 264,732 306,702 827,958 942,398 Other 91,323 81,463 266,111 218,659 Total revenues $ 717,902 $ 800,185 $ 2,214,639 $ 2,381,544
Schedule of deferred revenue	The following table presents changes in the deferred revenues balance by type of revenues: Nine months ended September 30, 2022 Nine months ended September 30, 2021 In thousands Advertising, marketing services, and other Circulation Total Advertising, marketing services, and other Circulation Total Beginning balance $ 60,665 $ 124,173 $ 184,838 $ 51,686 $ 134,321 $ 186,007 Acquisition — 2,388 2,388 — — — Cash receipts 203,704 725,621 929,325 226,214 738,366 964,580 Revenue recognized (216,540) (738,426) (954,966) (206,203) (748,125) (954,328) Ending balance $ 47,829 $ 113,756 $ 161,585 $ 71,697 $ 124,562 $ 196,259

Accounts receivable, net (Table

Accounts receivable, net (Tables)	9 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
Schedule of allowance for doubtful accounts	The following table presents changes in the allowance for doubtful accounts: Nine months ended September 30, In thousands 2022 2021 Beginning balance $ 16,470 $ 20,843 Current period provision 5,074 3,478 Write-offs charged against the allowance (13,149) (10,998) Recoveries of amounts previously written-off 3,469 3,076 Other 192 12 Ending balance $ 12,056 $ 16,411

Goodwill and intangible assets

Goodwill and intangible assets (Tables)	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill and intangible assets	Goodwill and intangible assets consisted of the following: September 30, 2022 December 31, 2021 In thousands Gross carrying amount Accumulated Net carrying Gross carrying amount Accumulated Net carrying Finite-lived intangible assets: Advertiser relationships $ 452,018 $ 185,930 $ 266,088 $ 453,038 $ 153,988 $ 299,050 Other customer relationships 102,287 43,544 58,743 102,486 35,237 67,249 Subscriber relationships 253,715 122,209 131,506 254,162 99,905 154,257 Other intangible assets 68,780 53,885 14,895 68,690 44,291 24,399 Sub-total $ 876,800 $ 405,568 $ 471,232 $ 878,376 $ 333,421 $ 544,955 Indefinite-lived intangible assets: Mastheads 167,105 168,198 Total intangible assets $ 638,337 $ 713,153 Goodwill $ 537,898 $ 533,709

Integration and reorganizatio_2

Integration and reorganization costs and asset impairments (Tables)	9 Months Ended
	Sep. 30, 2022
Restructuring and Related Activities [Abstract]
Schedule of restructuring and related costs	The Company recorded severance-related expenses by segment as follows: Three months ended September 30, Nine months ended September 30, In thousands 2022 2021 2022 2021 Gannett Media $ 11,334 $ 1,941 $ 27,106 $ 10,125 Digital Marketing Solutions 191 402 340 321 Corporate and other 4,212 317 5,288 440 Total $ 15,737 $ 2,660 $ 32,734 $ 10,886 A rollforward of the accrued severance and related costs included in Accounts payable and accrued expenses on the condensed consolidated balance sheets for the nine months ended September 30, 2022 is as follows: In thousands Severance and Beginning balance $ 12,558 Restructuring provision included in integration and reorganization costs 32,734 Cash payments (25,704) Ending balance $ 19,588
Schedule of facility consolidation and other restructuring expenses	The Company recorded facility consolidation charges and other restructuring-related costs by segment as follows: Three months ended September 30, Nine months ended September 30, In thousands 2022 2021 2022 2021 Gannett Media (a) $ 14,044 $ 1,571 $ 15,034 $ 516 Digital Marketing Solutions 240 529 535 980 Corporate and other (b) 3,290 8,859 12,151 23,085 Total $ 17,574 $ 10,959 $ 27,720 $ 24,581 (a) The increase in Facility consolidation and other restructuring-related expenses at the Gannett Media segment for the three and nine months ended September 30, 2022 compared to the three and nine months ended September 30, 2021 was driven primarily by an increase in other costs, including a withdrawal liability which was expensed as a result of ceasing contributions to a multiemployer pension plan, as well as facilities consolidation expenses associated with exiting a lease. (b) The decrease in Facility consolidation and other restructuring-related expenses at the Corporate and other segment for the three and nine months ended September 30, 2022 compared to the three and nine months ended September 30, 2021 was driven primarily by a decrease in costs associated with systems implementation and outsourcing of corporate functions.

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Schedule of debt	The Company's debt consisted of the following: September 30, 2022 December 31, 2021 (in millions) Principal balance Unamortized original issue discount Unamortized deferred financing costs Carrying value Principal balance Unamortized original issue discount Unamortized deferred financing costs Carrying value New Senior Secured Term Loan $ 467.9 $ (10.0) $ (2.2) $ 455.7 $ 480.1 $ (14.1) $ (2.7) $ 463.3 2026 Senior Notes 363.0 (10.5) (8.2) 344.3 400.0 (13.7) (10.7) 375.6 2027 Notes 485.3 (84.3) (1.8) 399.2 485.3 (93.2) (2.0) 390.1 2024 Notes 3.3 — — 3.3 3.3 — — 3.3 Total debt $ 1,319.5 $ (104.8) $ (12.2) $ 1,202.5 $ 1,368.7 $ (121.0) $ (15.4) $ 1,232.3 Less: Current portion of long-term debt $ (91.1) $ — $ — $ (91.1) $ (69.5) $ — $ — $ (69.5) Non-current portion of long-term debt $ 1,228.4 $ (104.8) $ (12.2) $ 1,111.4 $ 1,299.2 $ (121.0) $ (15.4) $ 1,162.8

Pensions and other postretire_2

Pensions and other postretirement benefit plans (Tables)	9 Months Ended
	Sep. 30, 2022
Retirement Benefits [Abstract]
Schedule of retirement plan costs	Retirement plan costs include the following components: Pension benefits Postretirement benefits Three months ended September 30, Three months ended September 30, In thousands 2022 2021 2022 2021 Operating expenses: Service cost - benefits earned during the period $ 448 $ 490 $ 19 $ 23 Non-operating expenses: Interest cost on benefit obligation 17,715 17,042 442 428 Expected return on plan assets (32,316) (41,355) — — Amortization of actuarial loss (gain) 22 38 (147) (13) Pension settlement gain (706) — n/a n/a Total non-operating (benefit) expenses $ (15,285) $ (24,275) $ 295 $ 415 Total expense (benefit) for retirement plans $ (14,837) $ (23,785) $ 314 $ 438 Pension benefits Postretirement benefits Nine months ended September 30, Nine months ended September 30, In thousands 2022 2021 2022 2021 Operating expenses: Service cost - benefits earned during the period $ 1,357 $ 1,470 $ 57 $ 67 Non-operating expenses: Interest cost on benefit obligation 54,496 51,179 1,327 1,330 Expected return on plan assets (106,106) (124,193) — — Amortization of actuarial loss (gain) 67 115 (441) (75) Pension settlement gain (706) — n/a n/a Total non-operating (benefit) expenses $ (52,249) $ (72,899) $ 886 $ 1,255 Total expense (benefit) for retirement plans $ (50,892) $ (71,429) $ 943 $ 1,322

Income taxes (Tables)

Income taxes (Tables)	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Schedule of components of income tax expense	The following table outlines our pre-tax net income (loss) and income tax amounts: Three months ended September 30, Nine months ended September 30, In thousands 2022 2021 2022 2021 Income (loss) before income taxes $ (36,024) $ 17,529 $ (78,275) $ (101,880) Provision for income taxes 18,098 2,984 32,649 11,567 Effective tax rate (50.2) % 17.0 % (41.7) % (11.4) %

Supplemental equity informati_2

Supplemental equity information (Tables)	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Schedule of (loss) income per share per share (basic and diluted)	The following table sets forth the information to compute basic and diluted income (loss) per share: Three months ended September 30, Nine months ended September 30, In thousands, except per share data 2022 2021 2022 2021 Net income (loss) attributable to Gannett $ (54,114) $ 14,687 $ (110,769) $ (112,514) Interest adjustment to Net income (loss) attributable to Gannett related to assumed conversions of the 2027 Notes, net of taxes — 7,598 — — Net income (loss) attributable to Gannett for diluted earnings per share $ (54,114) $ 22,285 $ (110,769) $ (112,514) Basic weighted average shares outstanding 137,008 135,002 136,857 134,610 Effect of dilutive securities: Restricted stock grants — 5,032 — — 2027 Notes — 99,419 — — Diluted weighted average shares outstanding 137,008 239,453 136,857 134,610 Income (loss) per share attributable to Gannett - basic $ (0.39) $ 0.11 $ (0.81) $ (0.84) Income (loss) per share attributable to Gannett - diluted $ (0.39) $ 0.09 $ (0.81) $ (0.84)
Schedule of securities excluded from computation of diluted income (loss) per share	The Company excluded the following securities from the computation of diluted income (loss) per share because their effect would have been antidilutive: Three months ended September 30, Nine months ended September 30, In thousands 2022 2021 2022 2021 Warrants 845 845 845 845 Stock options 6,068 6,068 6,068 6,068 Restricted stock grants (a) 11,211 42 11,211 10,442 2027 Notes (b) 97,057 — 97,057 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 September 30, 2022 and 2021 as stipulated in the 2027 Notes Indenture.
Schedule of accumulated other comprehensive (loss) income	The following tables summarize the components of, and the changes in, Accumulated other comprehensive (loss) income, net of tax for the nine months ended September 30, 2022 and 2021: Nine months ended September 30, 2022 Nine months ended September 30, 2021 In thousands Pension and postretirement plans Foreign currency translation Total Pension and postretirement plans Foreign currency translation Total Beginning balance $ 50,870 $ 9,128 $ 59,998 $ 40,441 $ 9,732 $ 50,173 Other comprehensive (loss) income before reclassifications, net of taxes (62,075) (44,925) (107,000) 93 (700) (607) Amounts reclassified from accumulated other comprehensive (loss) income (a)(b)(c) (801) — (801) 29 — 29 Net current period other comprehensive (loss) income, net of taxes (62,876) (44,925) (107,801) 122 (700) (578) Ending balance $ (12,006) $ (35,797) $ (47,803) $ 40,563 $ 9,032 $ 49,595 (a) This accumulated other comprehensive (loss) income component is included in the computation of net periodic benefit cost. See Note 7 — Pensions and other postretirement benefit plans. (b) Amounts reclassified from accumulated other comprehensive (loss) income are recorded net of tax impacts of $0.3 million and $11 thousand for the nine months ended September 30, 2022 and 2021, respectively. (c) Amounts reclassified from accumulated other comprehensive (loss) income include a net pension settlement gain of $0.7 million ($0.5 million, net of tax) for the nine months ended September 30, 2022. See Note 7 — Pensions and other postretirement benefit plans.

Segment reporting (Tables)

Segment reporting (Tables)	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Schedule of segment reporting information, by segment	The following tables present our segment information: Three months ended September 30, 2022 In thousands Gannett Media Digital Marketing Solutions Corporate and other Intersegment Eliminations Consolidated Advertising and marketing services - external sales $ 241,798 $ 120,049 $ — $ — $ 361,847 Advertising and marketing services - intersegment sales 36,481 — — (36,481) — Circulation 264,732 — — — 264,732 Other 89,995 — 1,328 — 91,323 Total operating revenues $ 633,006 $ 120,049 $ 1,328 $ (36,481) $ 717,902 Adjusted EBITDA (non-GAAP basis) $ 46,023 $ 15,690 $ (9,804) $ — $ 51,909 Adjusted EBITDA margin (non-GAAP basis) 7.3 % 13.1 % NM NM 7.2 % NM indicates not meaningful. Three months ended September 30, 2021 In thousands Gannett Media Digital Marketing Solutions Corporate and other Intersegment Eliminations Consolidated Advertising and marketing services - external sales $ 294,742 $ 116,771 $ 507 $ — $ 412,020 Advertising and marketing services - intersegment sales 34,042 — — (34,042) — Circulation 306,698 — 4 — 306,702 Other 80,325 — 1,138 — 81,463 Total operating revenues $ 715,807 $ 116,771 $ 1,649 $ (34,042) $ 800,185 Adjusted EBITDA (non-GAAP basis) $ 101,001 $ 15,024 $ (13,958) $ — $ 102,067 Adjusted EBITDA margin (non-GAAP basis) 14.1 % 12.9 % NM NM 12.8 % NM indicates not meaningful. Nine months ended September 30, 2022 In thousands Gannett Media Digital Marketing Solutions Corporate and other Intersegment Eliminations Consolidated Advertising and marketing services - external sales $ 772,799 $ 347,771 $ — $ — $ 1,120,570 Advertising and marketing services - intersegment sales 105,443 — — (105,443) — Circulation 827,958 — — — 827,958 Other 262,069 — 4,042 — 266,111 Total operating revenues $ 1,968,269 $ 347,771 $ 4,042 $ (105,443) $ 2,214,639 Adjusted EBITDA (non-GAAP basis) $ 165,527 $ 41,176 $ (39,772) $ — $ 166,931 Adjusted EBITDA margin (non-GAAP basis) 8.4 % 11.8 % NM NM 7.5 % NM indicates not meaningful. Nine months ended September 30, 2021 In thousands Gannett Media Digital Marketing Solutions Corporate and other Intersegment Eliminations Consolidated Advertising and marketing services - external sales $ 890,665 $ 328,184 $ 1,638 $ — $ 1,220,487 Advertising and marketing services - intersegment sales 93,910 — — (93,910) — Circulation 942,392 — 6 — 942,398 Other 212,970 905 4,784 — 218,659 Total operating revenues $ 2,139,937 $ 329,089 $ 6,428 $ (93,910) $ 2,381,544 Adjusted EBITDA (non-GAAP basis) $ 317,398 $ 36,725 $ (35,822) $ — $ 318,301 Adjusted EBITDA margin (non-GAAP basis) 14.8 % 11.2 % NM NM 13.4 % NM indicates not meaningful. 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 September 30, Nine months ended September 30, In thousands 2022 2021 2022 2021 Net income (loss) attributable to Gannett $ (54,114) $ 14,687 $ (110,769) $ (112,514) Provision for income taxes 18,098 2,984 32,649 11,567 Interest expense 27,750 34,603 79,840 109,370 (Gain) loss on early extinguishment of debt (1,228) 3,761 2,264 25,996 Non-operating pension income (14,990) (23,860) (51,363) (71,644) Loss on convertible notes derivative — — — 126,600 Depreciation and amortization 44,778 48,107 142,091 154,452 Integration and reorganization costs 33,311 13,619 60,454 35,467 Other operating expenses 249 4 1,665 11,354 Asset impairments 71 2,301 1,010 3,134 (Gain) loss on sale or disposal of assets, net (7,180) (833) (9,612) 9,206 Share-based compensation expense 4,499 4,602 13,277 13,804 Other Items 665 2,092 5,425 1,509 Adjusted EBITDA (non-GAAP basis) $ 51,909 $ 102,067 $ 166,931 $ 318,301 Net income (loss) attributable to Gannett margin (7.5) % 1.8 % (5.0) % (4.7) % Adjusted EBITDA margin (non-GAAP basis) 7.2 % 12.8 % 7.5 % 13.4 %

Other supplemental information

Other supplemental information (Tables)	9 Months Ended
	Sep. 30, 2022
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: September 30, In thousands 2022 2021 Cash and cash equivalents $ 124,867 $ 141,302 Restricted cash included in prepaid expenses and other current assets 1,078 4,845 Restricted cash included in other assets (a) 10,246 21,267 Total cash, cash equivalents and restricted cash $ 136,191 $ 167,414 (a) The decrease in Restricted cash included in other assets from September 30, 2021 to September 30, 2022 was mainly driven by the reclassification of amounts from Restricted cash to Deposits as the cash was no longer separately identifiable.
Summary of restrictions on cash and cash equivalents	The following table presents a reconciliation of cash, cash equivalents and restricted cash: September 30, In thousands 2022 2021 Cash and cash equivalents $ 124,867 $ 141,302 Restricted cash included in prepaid expenses and other current assets 1,078 4,845 Restricted cash included in other assets (a) 10,246 21,267 Total cash, cash equivalents and restricted cash $ 136,191 $ 167,414 (a) The decrease in Restricted cash included in other assets from September 30, 2021 to September 30, 2022 was mainly driven by the reclassification of amounts from Restricted cash to Deposits as the cash was no longer separately identifiable.
Schedule of cash flow, supplemental disclosures	The following table presents supplemental cash flow information, including non-cash investing and financing activities: Nine months ended September 30, In thousands 2022 2021 Cash paid for taxes, net of refunds $ 2,726 $ (9,031) Cash paid for interest 51,021 80,280 Non-cash investing and financing activities: Accrued capital expenditures $ 970 $ 2,836
Schedule of accounts payable and accrued liabilities	A breakout of Accounts payable and accrued liabilities is presented below: In thousands September 30, 2022 December 31, 2021 Accounts payable $ 162,646 $ 157,257 Compensation 86,596 107,585 Taxes (primarily property, sales, and payroll taxes) 14,400 26,042 Benefits 21,542 21,056 Interest 18,852 7,577 Other 38,779 37,497 Accounts payable and accrued liabilities $ 342,815 $ 357,014

Description of business and b_3

Description of business and basis of presentation - Narrative (Details)	3 Months Ended	9 Months Ended
	Mar. 31, 2022 USD ($)	Sep. 30, 2022 USD ($) segment state brand	Apr. 08, 2022 USD ($)	Mar. 21, 2022 USD ($)	Dec. 31, 2021 USD ($)	Nov. 17, 2020 USD ($)
Significant Accounting Policies
Number of operating segments | segment		2
Number of states in which entity operates (states) | state		45
Number of media brands, more than (brands) | brand		150
Long-term debt		$ 708,970,000			$ 769,446,000
Principal balance		1,319,500,000			1,368,700,000
Senior Secured Term Loan
Significant Accounting Policies
Principal balance			$ 7,500,000	$ 22,500,000
2027 Notes | Convertible debt
Significant Accounting Policies
Long-term debt		399,200,000			390,100,000	$ 497,100,000
Stated interest rate (as a percent)						6%
Principal balance		485,300,000			485,300,000
New Senior Secured Term Loan | Senior Secured Term Loan
Significant Accounting Policies
Debt instrument term (in years)	5 years
Principal balance	$ 516,000,000	$ 467,900,000			$ 480,100,000

Revenues - Disaggregation of Re

Revenues - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue
Total revenues	$ 717,902	$ 800,185	$ 2,214,639	$ 2,381,544
Total advertising and marketing services
Disaggregation of Revenue
Total revenues	361,847	412,020	1,120,570	1,220,487
Print advertising
Disaggregation of Revenue
Total revenues	159,324	190,044	506,295	584,165
Digital advertising and marketing services
Disaggregation of Revenue
Total revenues	202,523	221,976	614,275	636,322
Circulation
Disaggregation of Revenue
Total revenues	264,732	306,702	827,958	942,398
Other
Disaggregation of Revenue
Total revenues	$ 91,323	$ 81,463	$ 266,111	$ 218,659

Revenues - Narrative (Details)

Revenues - Narrative (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
International | Revenue Benchmark | Geographic Concentration Risk
Revenue, Initial Application Period Cumulative Effect Transition
Revenue, percentage	9.60%	7.90%	9.40%	7.70%

Revenues - Deferred Revenues Na

Revenues - Deferred Revenues Narrative (Details) - Customer Subscription	Sep. 30, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01 | 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]: 2023-10-01 | 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	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Movement in Deferred Revenue
Beginning balance	$ 184,838	$ 186,007
Acquisition	2,388	0
Cash receipts	929,325	964,580
Revenue recognized	(954,966)	(954,328)
Ending balance	161,585	196,259
Advertising, marketing services, and other
Movement in Deferred Revenue
Beginning balance	60,665	51,686
Acquisition	0	0
Cash receipts	203,704	226,214
Revenue recognized	(216,540)	(206,203)
Ending balance	47,829	71,697
Circulation
Movement in Deferred Revenue
Beginning balance	124,173	134,321
Acquisition	2,388	0
Cash receipts	725,621	738,366
Revenue recognized	(738,426)	(748,125)
Ending balance	$ 113,756	$ 124,562

Accounts receivable, net - Narr

Accounts receivable, net - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Receivables [Abstract]
Accounts receivable, reserve percentage calculation period			3 years
Threshold period for reserves			90 days
Bad debt expense	$ 3,500	$ 2,800	$ 5,074	$ 3,478

Accounts receivable, net - Allo

Accounts receivable, net - Allowance for doubtful accounts (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Accounts Receivable, Allowance for Credit Loss
Beginning balance			$ 16,470	$ 20,843
Current period provision	$ 3,500	$ 2,800	5,074	3,478
Write-offs charged against the allowance			(13,149)	(10,998)
Recoveries of amounts previously written-off			3,469	3,076
Other			192	12
Ending balance	$ 12,056	$ 16,411	$ 12,056	$ 16,411

Goodwill and intangible asset_2

Goodwill and intangible assets - Schedule of goodwill and intangible assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets
Gross carrying amount	$ 876,800	$ 878,376
Accumulated amortization	405,568	333,421
Net carrying amount	471,232	544,955
Indefinite-lived intangible assets:
Total intangible assets	638,337	713,153
Goodwill	537,898	533,709
Mastheads
Indefinite-lived intangible assets:
Non-amortized intangible assets	167,105	168,198
Advertiser relationships
Finite-Lived Intangible Assets
Gross carrying amount	452,018	453,038
Accumulated amortization	185,930	153,988
Net carrying amount	266,088	299,050
Other customer relationships
Finite-Lived Intangible Assets
Gross carrying amount	102,287	102,486
Accumulated amortization	43,544	35,237
Net carrying amount	58,743	67,249
Subscriber relationships
Finite-Lived Intangible Assets
Gross carrying amount	253,715	254,162
Accumulated amortization	122,209	99,905
Net carrying amount	131,506	154,257
Other intangible assets
Finite-Lived Intangible Assets
Gross carrying amount	68,780	68,690
Accumulated amortization	53,885	44,291
Net carrying amount	$ 14,895	$ 24,399

Goodwill and other intangible a

Goodwill and other intangible assets - Narrative (Detail)	Sep. 30, 2022	Sep. 30, 2021
Gannett Media
Intangible Assets
Percentage above fair value (percent)	22%	126%
Minimum | Measurement Input, Long-term Revenue Growth Rate
Intangible Assets
Intangible assets measurement inputs (percent)	(0.00%)
Minimum | Measurement Input, Discount Rate
Intangible Assets
Intangible assets measurement inputs (percent)	13%
Maximum | Measurement Input, Long-term Revenue Growth Rate
Intangible Assets
Intangible assets measurement inputs (percent)	3%
Maximum | Measurement Input, Discount Rate
Intangible Assets
Intangible assets measurement inputs (percent)	17%

Integration and reorganizatio_3

Integration and reorganization costs and asset impairments - Severance Related Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Restructuring Cost and Reserve
Severance and related expenses	$ 33,311	$ 13,619	$ 60,454	$ 35,467
Severance
Restructuring Cost and Reserve
Severance and related expenses	15,737	2,660	32,734	10,886
Operating Segments | Gannett Media | Severance
Restructuring Cost and Reserve
Severance and related expenses	11,334	1,941	27,106	10,125
Operating Segments | Digital Marketing Solutions | Severance
Restructuring Cost and Reserve
Severance and related expenses	191	402	340	321
Corporate and other | Severance
Restructuring Cost and Reserve
Severance and related expenses	$ 4,212	$ 317	$ 5,288	$ 440

Integration and reorganizatio_4

Integration and reorganization costs and asset impairments - Restructuring Reserve (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Restructuring Reserve
Restructuring provision included in integration and reorganization costs	$ 33,311	$ 13,619	$ 60,454	$ 35,467
Severance
Restructuring Reserve
Beginning balance			12,558
Restructuring provision included in integration and reorganization costs	15,737	$ 2,660	32,734	$ 10,886
Cash payments			(25,704)
Ending balance	$ 19,588		$ 19,588

Integration and reorganizatio_5

Integration and reorganization costs and asset impairments - Facility Consolidation Charges and Accelerated Depreciation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Restructuring Cost and Reserve
Restructuring provision included in integration and reorganization costs	$ 33,311	$ 13,619	$ 60,454	$ 35,467
Facility Closing
Restructuring Cost and Reserve
Restructuring provision included in integration and reorganization costs	17,574	10,959	27,720	24,581
Operating Segments | Gannett Media | Facility Closing
Restructuring Cost and Reserve
Restructuring provision included in integration and reorganization costs	14,044	1,571	15,034	516
Operating Segments | Digital Marketing Solutions | Facility Closing
Restructuring Cost and Reserve
Restructuring provision included in integration and reorganization costs	240	529	535	980
Corporate and other | Facility Closing
Restructuring Cost and Reserve
Restructuring provision included in integration and reorganization costs	$ 3,290	$ 8,859	$ 12,151	$ 23,085

Integration and reorganizatio_6

Integration and reorganization costs and asset impairments - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Restructuring and Related Activities [Abstract]
Accelerated depreciation	$ 0.3	$ 1.1	$ 10.5	$ 11.4

Debt - Schedule of Debt Outstan

Debt - Schedule of Debt Outstanding (Details) - USD ($)	Sep. 30, 2022	Apr. 08, 2022	Mar. 31, 2022	Mar. 21, 2022	Dec. 31, 2021	Oct. 15, 2021	Nov. 17, 2020
Debt Instrument
Principal balance	$ 1,319,500,000				$ 1,368,700,000
Unamortized original issue discount	(104,800,000)				(121,000,000)
Unamortized deferred financing costs	(12,200,000)				(15,400,000)
Long-term debt	708,970,000				769,446,000
Principal outstanding	1,202,500,000				1,232,300,000
Long term debt, gross, current	(91,100,000)				(69,500,000)
Debt instrument unamortized discount current	0				0
Debt issuance costs, current, net	0				0
Long-term debt, current maturities	(91,100,000)				(69,500,000)
Non-current debt, gross, noncurrent	1,228,400,000				1,299,200,000
Debt instrument, unamortized discount, noncurrent	(104,800,000)				(121,000,000)
Debt issuance costs, noncurrent, net	(12,200,000)				(15,400,000)
Non-current portion of long-term debt	1,111,400,000				1,162,800,000
Senior Secured Term Loan
Debt Instrument
Principal balance		$ 7,500,000		$ 22,500,000
Senior Secured Term Loan | New Senior Secured Term Loan
Debt Instrument
Principal balance	467,900,000		$ 516,000,000		480,100,000
Unamortized original issue discount	(10,000,000)				(14,100,000)
Unamortized deferred financing costs	(2,200,000)				(2,700,000)
Secured Debt	455,700,000				463,300,000
Senior Secured Term Loan | 2026 Senior Notes
Debt Instrument
Principal balance	30,000,000
Senior Notes | 2026 Senior Notes
Debt Instrument
Principal balance	363,000,000				400,000,000	$ 400,000,000
Unamortized original issue discount	(10,500,000)				(13,700,000)
Unamortized deferred financing costs	(8,200,000)				(10,700,000)
Long-term debt	344,300,000				375,600,000
Convertible debt | 2027 Notes
Debt Instrument
Principal balance	485,300,000				485,300,000
Unamortized original issue discount	(84,300,000)				(93,200,000)
Unamortized deferred financing costs	(1,800,000)				(2,000,000)
Long-term debt	399,200,000				390,100,000		$ 497,100,000
Convertible debt | 2024 Notes
Debt Instrument
Principal balance	3,300,000				3,300,000
Unamortized original issue discount	0				0
Unamortized deferred financing costs	0				0
Long-term debt	$ 3,300,000				$ 3,300,000

Debt - New Senior Secured Term

Debt - New Senior Secured Term Loan (Details)		3 Months Ended		9 Months Ended
	Oct. 15, 2021 USD ($) plan	Sep. 30, 2022 USD ($) $ / shares	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) $ / shares	Sep. 30, 2021 USD ($)	Jun. 30, 2022	Apr. 08, 2022 USD ($)	Mar. 31, 2022 USD ($)	Mar. 21, 2022 USD ($)	Jan. 31, 2022 USD ($) $ / shares	Dec. 31, 2021 USD ($) $ / shares
Line of Credit Facility
Principal balance		$ 1,319,500,000		$ 1,319,500,000							$ 1,368,700,000
Common stock, par value (in dollars per share) | $ / shares		$ 0.01		$ 0.01							$ 0.01
Cash paid for interest				$ 51,021,000	$ 80,280,000
(Gain) loss on early extinguishment of debt		$ (1,228,000)	$ 3,761,000	2,264,000	25,996,000
Mandatory and optional prepayments				92,212,000	$ 1,220,751,000
Senior Secured Term Loan
Line of Credit Facility
Principal balance							$ 7,500,000		$ 22,500,000
New Senior Secured Term Loan | Senior Secured Term Loan
Line of Credit Facility
Principal balance		467,900,000		467,900,000				$ 516,000,000			$ 480,100,000
Prepayment premium (as a percent)	1%
Cash requirement	$ 100,000,000
Quarterly amortization percentage	5%					10%
Net leverage ratio | plan	1.20
Interest expense		8,900,000		23,300,000
Cash paid for interest		8,900,000		23,300,000
Amortization of the discount		900,000		2,700,000
Amortization of debt issuance costs		200,000		600,000
(Gain) loss on early extinguishment of debt		0		1,800,000
Mandatory and optional prepayments		$ 17,300,000		$ 92,200,000
Effective interest rate (as a percent)		6.40%		6.40%
New Senior Secured Term Loan | Senior Secured Term Loan | Debt Covenant, Range One
Line of Credit Facility
Net leverage ratio	2
Maximum debt or equity purchasable	$ 25,000,000
New Senior Secured Term Loan | Senior Secured Term Loan | Debt Covenant, Range Two
Line of Credit Facility
Net leverage ratio	1.50
Maximum debt or equity purchasable	$ 50,000,000
New Senior Secured Term Loan | Senior Secured Term Loan | Debt Covenant, Range Three
Line of Credit Facility
Net leverage ratio	1
New Senior Secured Term Loan | Senior Secured Term Loan | SOFR
Line of Credit Facility
Variable rate (as a percent)	5%
New Senior Secured Term Loan | Senior Secured Term Loan | Alternate Base Rate
Line of Credit Facility
Variable rate (as a percent)	4%
New Senior Secured Term Loan | Senior Secured Term Loan | Minimum
Line of Credit Facility
Unrestricted cash requirement	$ 30,000,000
New Senior Secured Term Loan | Senior Secured Term Loan | Minimum | SOFR
Line of Credit Facility
Variable rate (as a percent)	0.50%
New Senior Secured Term Loan | Senior Secured Term Loan | Minimum | Alternate Base Rate
Line of Credit Facility
Variable rate (as a percent)	1.50%
Incremental Term Loans | Senior Secured Term Loan
Line of Credit Facility
Principal balance										$ 50,000,000
Incremental Term Loans | Senior Secured Term Loan | Share Repurchase Program
Line of Credit Facility
Shares authorized for repurchase, value										$ 50,000,000
Common stock, par value (in dollars per share) | $ / shares										$ 0.01

Debt - Senior Secured Notes due

Debt - Senior Secured Notes due 2026 (Details) - USD ($)			3 Months Ended		9 Months Ended
	Oct. 15, 2021	Nov. 17, 2020	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Apr. 08, 2022	Mar. 21, 2022	Dec. 31, 2021	Nov. 30, 2021
Line of Credit Facility
Principal balance			$ 1,319,500,000		$ 1,319,500,000				$ 1,368,700,000
Repurchase of debt					92,212,000	$ 1,220,751,000
Gain on extinguishment of debt			1,228,000	$ (3,761,000)	(2,264,000)	(25,996,000)
Senior Secured Term Loan
Line of Credit Facility
Principal balance							$ 7,500,000	$ 22,500,000
2026 Senior Notes | Senior Secured Term Loan
Line of Credit Facility
Principal balance			30,000,000		30,000,000
2026 Senior Notes | Senior Notes
Line of Credit Facility
Principal balance	$ 400,000,000		363,000,000		363,000,000				400,000,000
Stated interest rate (as a percent)	6%
Interest expense			5,600,000		17,100,000
Interest paid			200,000		13,100,000
Amortization of the discount			700,000		2,100,000
Amortization of debt issuance costs			$ 500,000		$ 1,600,000
Effective interest rate (as a percent)			7.30%		7.30%
Repurchase of debt			$ 7,000,000		$ 37,000,000
Gain on extinguishment of debt			1,300,000		(400,000)
2026 Senior Notes | Senior Notes | Period 1
Line of Credit Facility
Redemption price	40%
Redemption rate	101%
2026 Senior Notes | Senior Notes | Period 2
Line of Credit Facility
Redemption price	10%
Redemption rate	103%
2027 Notes | Convertible debt
Line of Credit Facility
Principal balance			485,300,000		485,300,000				$ 485,300,000
Stated interest rate (as a percent)		6%
Interest expense			7,300,000	7,500,000	21,800,000	22,400,000
Interest paid			0	0	14,600,000	16,100,000
Amortization of the discount			$ 3,100,000	2,900,000	$ 8,900,000	7,900,000
Amortization of debt issuance costs				$ 0		$ 200,000
Effective interest rate (as a percent)			10.50%	10.50%	10.50%	10.50%
Face amount										$ 11,800,000
2027 Notes | Convertible debt | Period 1
Line of Credit Facility
Redemption rate		110%
2027 Notes | Convertible debt | Period 2
Line of Credit Facility
Redemption rate		130%

Debt - Senior Secured Convertib

Debt - Senior Secured Convertible Notes due 2027 (Details) - 2027 Notes - Convertible debt - USD ($)		3 Months Ended		9 Months Ended
	Nov. 17, 2020	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Nov. 30, 2021
Line of Credit Facility
Percentage of notes initially convertible to common stock	42%	41%		41%
Face amount							$ 11,800,000
Minimum qualified cash required	$ 30,000,000
Fair value of equity component of debt		$ 279,600,000		$ 279,600,000		$ 279,600,000
Interest expense		7,300,000	$ 7,500,000	21,800,000	$ 22,400,000
Amortization of the discount		3,100,000	2,900,000	8,900,000	7,900,000
Amortization of debt issuance costs			0		200,000
Interest paid		$ 0	$ 0	$ 14,600,000	$ 16,100,000
Effective interest rate (as a percent)		10.50%	10.50%	10.50%	10.50%
Debt instrument, share conversion rate (per $1,000)	20%
Period 1
Line of Credit Facility
Redemption rate	110%
Maximum repurchase amount	$ 100,000,000
Total gross leverage ratio	1.5
Period 2
Line of Credit Facility
Redemption rate	130%
Maximum repurchase amount	$ 99,400,000
Redemption term	4 years
Scenario, Plan
Line of Credit Facility
Conversion price (in usd per share)	$ 5

Debt - Senior Convertible Notes

Debt - Senior Convertible Notes due 2024 (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Line of Credit Facility
Long-term debt	$ 708,970	$ 769,446
2024 Notes | Convertible debt
Line of Credit Facility
Long-term debt	$ 3,300	$ 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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Company's pension costs
Total non-operating (benefit) expenses	$ (14,990)	$ (23,860)	$ (51,363)	$ (71,644)
Pension benefits
Company's pension costs
Service cost - benefits earned during the period	448	490	1,357	1,470
Interest cost on benefit obligation	17,715	17,042	54,496	51,179
Expected return on plan assets	(32,316)	(41,355)	(106,106)	(124,193)
Amortization of actuarial loss (gain)	22	38	67	115
Pension settlement gain	(706)	0	(706)	0
Total non-operating (benefit) expenses	(15,285)	(24,275)	(52,249)	(72,899)
Total expense (benefit) for retirement plans	(14,837)	(23,785)	(50,892)	(71,429)
Postretirement benefits
Company's pension costs
Service cost - benefits earned during the period	19	23	57	67
Interest cost on benefit obligation	442	428	1,327	1,330
Expected return on plan assets	0	0	0	0
Amortization of actuarial loss (gain)	(147)	(13)	(441)	(75)
Total non-operating (benefit) expenses	295	415	886	1,255
Total expense (benefit) for retirement plans	$ 314	$ 438	$ 943	$ 1,322

Pensions and other postretire_4

Pensions and other postretirement benefit plans - Narrative (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended		18 Months Ended	21 Months Ended
	Aug. 31, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022	Sep. 30, 2024	Jan. 01, 2022
Defined Benefit Plan Disclosure
Decrease in net unfunded pension obligations				$ 99,900
Decrease benefit obligation due to remeasurement				$ 281,800
Defined benefit plan, discount rate		5.05%		5.05%				2.95%
Defined benefit plan, incremental decrease in plan asset				$ 381,700
Gannett Retirement Plan | Forecast
Defined Benefit Plan Disclosure
Defined benefit plan required funding status							100%
Expected future employer contributions, quarterly certification funding requirement							$ 1,000
Expected future employer contributions, quarterly certification funding requirement (maximum)							$ 5,000
Pension Plan
Defined Benefit Plan Disclosure
Pension settlement gain		$ 706	$ 0	706	$ 0
Contribution to the defined benefit plans				17,900
Pension Plan | U.S.
Defined Benefit Plan Disclosure
Deferred contributions by employer in response to COVID-19						$ 5,000
Pension Plan | Gannett Retirement Plan
Defined Benefit Plan Disclosure
Transfer of pension liability	$ 450,000
Pension settlement gain		700
Noncash pension settlement gain, after tax		$ 500
Other Postretirement Benefits Plan
Defined Benefit Plan Disclosure
Contribution to the defined benefit plans				$ 3,800

Fair value measurement - Narrat

Fair value measurement - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets held for sale	$ 0.6	$ 3.5

Income taxes - Pre-tax Net Loss

Income taxes - Pre-tax Net Loss and Income Tax (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income (loss) before income taxes	$ (36,024)	$ 17,529	$ (78,275)	$ (101,880)
Provision for income taxes	$ 18,098	$ 2,984	$ 32,649	$ 11,567
Effective tax rate (percent)	(50.20%)	17%	(41.70%)	(11.40%)

Income taxes - Narrative (Detai

Income taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Estimated annual effective tax rate (percent)	(46.30%)	77.70%
Unrecognized tax benefits that would impact effective tax rate	$ 43.2		$ 45
Unrecognized tax benefits, accrued interest and penalties	$ 4.3		$ 3.7

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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Equity [Abstract]
Net income (loss) attributable to Gannett	$ (54,114)	$ 14,687	$ (110,769)	$ (112,514)
Interest adjustment to Net income (loss) attributable to Gannett related to assumed conversions of the 2027 Notes, net of taxes	0	7,598	0	0
Net income (loss) attributable to Gannett for diluted earnings per share	$ (54,114)	$ 22,285	$ (110,769)	$ (112,514)
Basic weighted average shares outstanding (in shares)	137,008	135,002	136,857	134,610
Effect of dilutive securities:
Restricted stock grants (in shares)	0	5,032	0	0
2027 Notes (in shares)	0	99,419	0	0
Diluted weighted average shares outstanding (in shares)	137,008	239,453	136,857	134,610
Income (loss) per share attributable to Gannett - basic (in dollars per share)	$ (0.39)	$ 0.11	$ (0.81)	$ (0.84)
Income (loss) per share attributable to Gannett - diluted (in dollars per share)	$ (0.39)	$ 0.09	$ (0.81)	$ (0.84)

Supplemental equity informati_4

Supplemental equity information - Computation of Diluted Income (Loss) Per Share (Detail) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Warrants
Share-based Compensation Arrangement by Share-based Payment Award
Antidilutive securities excluded from computation of diluted income per share (in shares)	845	845	845	845
Stock options
Share-based Compensation Arrangement by Share-based Payment Award
Antidilutive securities excluded from 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
Antidilutive securities excluded from computation of diluted income per share (in shares)	11,211	42	11,211	10,442
2027 Notes
Share-based Compensation Arrangement by Share-based Payment Award
Antidilutive securities excluded from computation of diluted income per share (in shares)	97,057	0	97,057	99,419

Supplemental equity informati_5

Supplemental equity information - Narrative (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Stockholders Equity Note
Shares excluded from the income loss per share (shares)	0	99,419	0	0
Share-based compensation cost	$ 4.5	$ 4.6	$ 13.3	$ 13.8
Unrecognized compensation cost related to non-vested share-based compensation	$ 34.1		$ 34.1
Weighted average period (in years)			2 years 1 month 6 days
Tranche One
Stockholders Equity Note
Vesting, percentage			33.30%
Tranche Two
Stockholders Equity Note
Vesting, percentage			33.30%
Tranche Three
Stockholders Equity Note
Vesting, percentage			33.40%
2027 Notes | Convertible debt
Stockholders Equity Note
Aggregate shares receivable upon conversion (shares)			287,200
Shares excluded from the income loss per share (shares)			190,100
Restricted Stock Awards
Stockholders Equity Note
Granted (in shares)			7,400
Granted (in dollars per share)			$ 4.29
Forfeited (in shares)			(2,600)
Forfeited (in dollars per share)			$ 3.54
PSU
Stockholders Equity Note
Granted (in shares)			300

Supplemental equity informati_6

Supplemental equity information - Preferred Stock and Stock Repurchase Program (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Feb. 01, 2022	Dec. 31, 2021
Class of Stock
Preferred stock authorized (in shares)	300,000			300,000
Preferred stock, par value (in dollars per share)	$ 0.01			$ 0.01
Preferred stock, outstanding (in shares)	0			0
Preferred stock, issued (in shares)	0			0
Payments for repurchased shares of common stock	$ 6,529	$ 2,034
Stock Repurchase Program
Class of Stock
Shares authorized for repurchase, value			$ 100,000
Repurchase of common stock (in shares)	800,000
Payments for repurchased shares of common stock	$ 3,100
Remaining authorized shares for share repurchase program	$ 96,900
Series A Junior Participating Preferred Stock
Class of Stock
Preferred stock authorized (in shares)	150,000			150,000
Preferred stock, outstanding (in shares)	0

Supplemental equity informati_7

Supplemental equity information - Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning balance			$ 532,100
Other comprehensive (loss) income before reclassifications, net of taxes			(107,000)	$ (607)
Amounts reclassified from accumulated other comprehensive (loss) income			(801)	29
Net current period other comprehensive (loss) income, net of taxes			(107,801)	(578)
Ending balance	$ 313,406		313,406
Amounts reclassified from accumulated other comprehensive (loss) income			(300)	(11)
Pension benefits
Accumulated Other Comprehensive Income (Loss), Net of Tax
Amount reclassified from accumulated other comprehensive (loss) income, net pension settlement gain	706	$ 0	706	0
Gannett Retirement Plan | Pension benefits
Accumulated Other Comprehensive Income (Loss), Net of Tax
Amount reclassified from accumulated other comprehensive (loss) income, net pension settlement gain	700
Noncash pension settlement gain, after tax	500
Total
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning balance			59,998	50,173
Ending balance	(47,803)	49,595	(47,803)	49,595
Pension and postretirement plans
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning balance			50,870	40,441
Other comprehensive (loss) income before reclassifications, net of taxes			(62,075)	93
Amounts reclassified from accumulated other comprehensive (loss) income			(801)	29
Net current period other comprehensive (loss) income, net of taxes			(62,876)	122
Ending balance	(12,006)	40,563	(12,006)	40,563
Foreign currency translation
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning balance			9,128	9,732
Other comprehensive (loss) income before reclassifications, net of taxes			(44,925)	(700)
Amounts reclassified from accumulated other comprehensive (loss) income			0	0
Net current period other comprehensive (loss) income, net of taxes			(44,925)	(700)
Ending balance	$ (35,797)	$ 9,032	$ (35,797)	$ 9,032

Segment reporting - Narrative (

Segment reporting - Narrative (Details)	9 Months Ended
	Sep. 30, 2022 segment
Segment Reporting Information
Number of operating segments	2
Gannett Media
Segment Reporting Information
Number of operating segments	2

Segment reporting -Segment Info

Segment reporting -Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting Information
Total operating revenues	$ 717,902	$ 800,185	$ 2,214,639	$ 2,381,544
Adjusted EBITDA (non-GAAP basis)	$ 51,909	$ 102,067	$ 166,931	$ 318,301
Adjusted EBITDA margin (non-GAAP basis) (percent)	7.20%	12.80%	7.50%	13.40%
Advertising and marketing services
Segment Reporting Information
Total operating revenues	$ 361,847	$ 412,020	$ 1,120,570	$ 1,220,487
Circulation
Segment Reporting Information
Total operating revenues	264,732	306,702	827,958	942,398
Other
Segment Reporting Information
Total operating revenues	91,323	81,463	266,111	218,659
Operating Segments | Gannett Media
Segment Reporting Information
Total operating revenues	633,006	715,807	1,968,269	2,139,937
Adjusted EBITDA (non-GAAP basis)	$ 46,023	$ 101,001	$ 165,527	$ 317,398
Adjusted EBITDA margin (non-GAAP basis) (percent)	7.30%	14.10%	8.40%	14.80%
Operating Segments | Gannett Media | Advertising and marketing services
Segment Reporting Information
Total operating revenues	$ 241,798	$ 294,742	$ 772,799	$ 890,665
Operating Segments | Gannett Media | Circulation
Segment Reporting Information
Total operating revenues	264,732	306,698	827,958	942,392
Operating Segments | Gannett Media | Other
Segment Reporting Information
Total operating revenues	89,995	80,325	262,069	212,970
Operating Segments | Digital Marketing Solutions
Segment Reporting Information
Total operating revenues	120,049	116,771	347,771	329,089
Adjusted EBITDA (non-GAAP basis)	$ 15,690	$ 15,024	$ 41,176	$ 36,725
Adjusted EBITDA margin (non-GAAP basis) (percent)	13.10%	12.90%	11.80%	11.20%
Operating Segments | Digital Marketing Solutions | Advertising and marketing services
Segment Reporting Information
Total operating revenues	$ 120,049	$ 116,771	$ 347,771	$ 328,184
Operating Segments | Digital Marketing Solutions | Circulation
Segment Reporting Information
Total operating revenues	0	0	0	0
Operating Segments | Digital Marketing Solutions | Other
Segment Reporting Information
Total operating revenues	0	0	0	905
Corporate and other
Segment Reporting Information
Total operating revenues	1,328	1,649	4,042	6,428
Adjusted EBITDA (non-GAAP basis)	(9,804)	(13,958)	(39,772)	(35,822)
Corporate and other | Advertising and marketing services
Segment Reporting Information
Total operating revenues	0	507	0	1,638
Corporate and other | Circulation
Segment Reporting Information
Total operating revenues	0	4	0	6
Corporate and other | Other
Segment Reporting Information
Total operating revenues	1,328	1,138	4,042	4,784
Intersegment Eliminations
Segment Reporting Information
Total operating revenues	(36,481)	(34,042)	(105,443)	(93,910)
Intersegment Eliminations | Advertising and marketing services
Segment Reporting Information
Total operating revenues	(36,481)	(34,042)	(105,443)	(93,910)
Intersegment Eliminations | Gannett Media | Advertising and marketing services
Segment Reporting Information
Total operating revenues	$ (36,481)	$ (34,042)	$ (105,443)	$ (93,910)

Segment reporting - Reconciliat

Segment reporting - Reconciliation of EBITDA to Operating Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting [Abstract]
Net income (loss) attributable to Gannett	$ (54,114)	$ 14,687	$ (110,769)	$ (112,514)
Provision for income taxes	18,098	2,984	32,649	11,567
Interest expense	27,750	34,603	79,840	109,370
(Gain) loss on early extinguishment of debt	(1,228)	3,761	2,264	25,996
Non-operating pension income	(14,990)	(23,860)	(51,363)	(71,644)
Loss on convertible notes derivative	0	0	0	126,600
Depreciation and amortization	44,778	48,107	142,091	154,452
Integration and reorganization costs	33,311	13,619	60,454	35,467
Other operating expenses	249	4	1,665	11,354
Asset impairments	71	2,301	1,010	3,134
(Gain) loss on sale or disposal of assets, net	(7,180)	(833)	(9,612)	9,206
Share-based compensation expense	4,499	4,602	13,277	13,804
Other Items	665	2,092	5,425	1,509
Adjusted EBITDA (non-GAAP basis)	$ 51,909	$ 102,067	$ 166,931	$ 318,301
Net income (loss) attributable to Gannett margin (percent)	(7.50%)	1.80%	(5.00%)	(4.70%)
Adjusted EBITDA margin (non-GAAP basis) (percent)	7.20%	12.80%	7.50%	13.40%

Other supplemental informatio_2

Other supplemental information - cash, cash equivalents and restricted cash (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 124,867	$ 130,756	$ 141,302
Restricted cash included in prepaid expenses and other current assets	1,078		4,845
Restricted cash included in other assets	10,246		21,267
Total cash, cash equivalents and restricted cash	$ 136,191	$ 143,619	$ 167,414	$ 206,726

Other supplemental informatio_3

Other supplemental information - cash flow information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash paid for taxes, net of refunds	$ 2,726	$ (9,031)
Cash paid for interest	51,021	80,280
Non-cash investing and financing activities:
Accrued capital expenditures	$ 970	$ 2,836

Other supplemental informatio_4

Other supplemental information - Accounts payable and accrued liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounts payable	$ 162,646	$ 157,257
Compensation	86,596	107,585
Taxes (primarily property, sales, and payroll taxes)	14,400	26,042
Benefits	21,542	21,056
Interest	18,852	7,577
Other	38,779	37,497
Accounts payable and accrued liabilities	$ 342,815	$ 357,014

Subsequent events - Narrative (

Subsequent events - Narrative (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Oct. 31, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Subsequent Event
Gain on extinguishment of debt		$ 1,228	$ (3,761)	$ (2,264)	$ (25,996)
Senior Notes | 2026 Senior Notes
Subsequent Event
Gain on extinguishment of debt		$ 1,300		$ (400)
Subsequent Event | Senior Notes | 2026 Senior Notes
Subsequent Event
Repurchase principal outstanding	$ 17,800
Principal outstanding par value rate (as a percent)	78%
Gain on extinguishment of debt	$ 3,000
Write off of debt issuance cost	$ 900