Gannett (GCI) 10-Q 4 May 23 2023 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2023	May 01, 2023
Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Entity File Number	001-36097
Entity Registrant Name	GANNETT CO., INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	38-3910250
Entity Address, Address Line One	7950 Jones Branch Drive,
Entity Address, City or Town	McLean,
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	22107-0910
City Area Code	703
Local Phone Number	854-6000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock Shares Outstanding		149,006,837
Entity Central Index Key	0001579684
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Common stock
Entity Information
Title of Each Class	Common Stock, par value $0.01 per share
Trading Symbol	GCI
Name of Each Exchange on Which Registered	NYSE
Preferred Stock Purchase Rights
Entity Information
Title of Each Class	Preferred Stock Purchase Rights
Name of Each Exchange on Which Registered	NYSE
No Trading Symbol	true

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 83,074	$ 94,255
Accounts receivable, net of allowance of $14,499 and $16,697 as of March 31, 2023 and December 31, 2022, respectively	256,465	289,415
Inventories	41,882	45,223
Prepaid expenses	48,038	46,205
Other current assets	21,399	32,679
Total current assets	450,858	507,777
Property, plant and equipment, net of accumulated depreciation of $379,524 and $360,522 as of March 31, 2023 and December 31, 2022, respectively	291,785	305,994
Operating lease assets	231,957	233,322
Goodwill	533,469	533,166
Intangible assets, net	591,688	613,358
Deferred tax assets	73,122	56,618
Pension and other assets	155,555	143,320
Total assets	2,328,434	2,393,555
Current liabilities:
Accounts payable and accrued liabilities	304,912	351,848
Deferred revenue	141,716	153,648
Current portion of long-term debt	60,452	60,452
Operating lease liabilities	46,248	44,872
Other current liabilities	6,229	6,218
Total current liabilities	559,557	617,038
Long-term debt	660,974	695,642
Convertible debt	408,943	405,681
Deferred tax liabilities	0	1,439
Pension and other postretirement benefit obligations	49,161	50,710
Long-term operating lease liabilities	215,499	219,109
Other long-term liabilities	113,657	108,563
Total noncurrent liabilities	1,448,234	1,481,144
Total liabilities	2,007,791	2,098,182
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 March 31, 2023 and December 31, 2022	0	0
Common stock, $0.01 par value per share, 2,000,000,000 shares authorized, 157,980,877 shares issued and 149,221,069 shares outstanding at March 31, 2023; 153,286,104 shares issued and 146,223,179 shares outstanding at December 31, 2022	1,580	1,533
Treasury stock, at cost, 8,759,808 shares and 7,062,925 shares at March 31, 2023 and December 31, 2022, respectively	(16,883)	(14,737)
Additional paid-in capital	1,413,397	1,409,578
Accumulated deficit	(989,057)	(999,401)
Accumulated other comprehensive loss	(87,941)	(101,231)
Total Gannett stockholders' equity	321,096	295,742
Noncontrolling interests	(453)	(369)
Total equity	320,643	295,373
Total liabilities and equity	$ 2,328,434	$ 2,393,555

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Trade receivables, allowance for doubtful receivables	$ 14,499	$ 16,697
Property plant and equipment, accumulated depreciation	$ 379,524	$ 360,522
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)	157,980,877	153,286,104
Common stock, outstanding (in shares)	149,221,069	146,223,179
Treasury stock (in shares)	8,759,808	7,062,925
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 ($) $ in Thousands		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Total operating revenues		$ 668,917	$ 748,077
Operating costs		430,188	469,885
Selling, general and administrative expenses		180,390	221,837
Depreciation and amortization		43,698	47,783
Integration and reorganization costs		12,127	11,398
Asset impairments		5	854
Gain on sale or disposal of assets, net		(17,681)	(2,804)
Other operating expenses		229	1,102
Total operating expenses		648,956	750,055
Operating income (loss)		19,961	(1,978)
Interest expense		28,330	26,006
(Gain) loss on early extinguishment of debt		(496)	2,743
Non-operating pension income		(1,815)	(18,213)
Other non-operating expense (income), net		1,011	(1,805)
Non-operating expenses		27,030	8,731
Loss before income taxes		(7,069)	(10,709)
Benefit for income taxes		(17,329)	(7,607)
Net income (loss)		10,260	(3,102)
Net loss attributable to noncontrolling interests		(84)	(135)
Net income (loss) attributable to Gannett		$ 10,344	$ (2,967)
Income (loss) per share attributable to Gannett - basic (in dollars per share)		$ 0.07	$ (0.02)
Income (loss) per share attributable to Gannett - diluted (in dollars per share)		$ 0.07	$ (0.02)
Other comprehensive loss:
Foreign currency translation adjustments		$ 6,337	$ (7,556)
Pension and other postretirement benefit items:
Net actuarial gain (loss)		11,596	(1,796)
Amortization of net actuarial gain (loss)		4	(32)
Amortization of prior service cost		16	0
Equity method investments		610	0
Other		(2,911)	536
Total pension and other postretirement benefit items		9,315	(1,292)
Other comprehensive income (loss) before tax		15,652	(8,848)
Income tax provision (benefit) related to components of other comprehensive income (loss)		2,362	(457)
Other comprehensive income (loss), net of tax	[1]	13,290	(8,391)
Comprehensive income (loss)		23,550	(11,493)
Comprehensive loss attributable to noncontrolling interests		(84)	(135)
Comprehensive income (loss) attributable to Gannett		23,634	(11,358)
Advertising and marketing services
Total operating revenues		340,847	375,114
Circulation
Total operating revenues		241,285	288,602
Other
Total operating revenues		$ 86,785	$ 84,361
[1]For the three months ended March 31, 2023 and 2022, Other comprehensive income (loss) is net of income tax provision of $2.4 million and income tax benefit of $0.5 million, respectively.

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Operating activities
Net income (loss)	$ 10,260	$ (3,102)
Adjustments to reconcile net income (loss) to operating cash flows:
Depreciation and amortization	43,698	47,783
Share-based compensation expense	3,736	3,393
Non-cash interest expense	5,267	5,316
Gain on sale or disposal of assets, net	(17,681)	(2,804)
(Gain) loss on early extinguishment of debt	(496)	2,743
Asset impairments	5	854
Pension and other postretirement benefit obligations	(3,725)	(27,291)
Change in other assets and liabilities, net	(34,346)	5,537
Cash provided by operating activities	6,718	32,429
Investing activities
Acquisitions, net of cash acquired	0	(15,427)
Purchase of property, plant and equipment	(8,798)	(10,764)
Proceeds from sale of real estate and other assets	29,502	20,471
Change in other investing activities	0	(500)
Cash provided by (used for) investing activities	20,704	(6,220)
Financing activities
Payments of deferred financing costs	0	(423)
Borrowings of long-term debt	0	72,500
Repayments of long-term debt	(36,178)	(70,476)
Acquisition of noncontrolling interests	0	(2,050)
Treasury stock	(2,138)	(3,138)
Changes in other financing activities	(324)	(231)
Cash used for financing activities	(38,640)	(3,818)
Effect of currency exchange rate change on cash	38	(992)
Increase (decrease) in cash, cash equivalents and restricted cash	(11,180)	21,399
Cash, cash equivalents and restricted cash at beginning of period	104,804	143,619
Cash, cash equivalents and restricted cash at end of period	$ 93,624	$ 165,018

CONDENSED CONSOLIDATED STATEM_3

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 (in shares) at Dec. 31, 2021			144,667,000
Beginning balance at Dec. 31, 2021		$ 529,615	$ 1,446	$ 1,400,206	$ 59,998	$ (921,399)	$ (8,151)	$ (2,485)
Beginning balance (in shares) at Dec. 31, 2021							2,368,000
Increase (Decrease) in Stockholders' Equity
Net income (loss) attributable to Gannett		(3,102)				(2,967)		(135)
Acquisition of noncontrolling interests		(2,050)		(4,419)				2,369
Restricted stock awards settled, net of withholdings		(1,534)	$ 7	(1,541)
Restricted stock awards settled, net of withholdings (in shares)			615,000
Restricted share grants		0	$ 57	(57)
Restricted share grants (in shares)			5,728,000
Other comprehensive income (loss), net	[1]	(8,391)			(8,391)
Share-based compensation expense		3,393		3,393
Issuance of common stock		62		62
Issuance of common stock (in shares)			7,000
Treasury stock		(3,138)					$ (3,138)
Treasury stock (in shares)							692,000
Restricted share forfeiture		(1)					$ (1)
Restricted share forfeiture (in shares)							128,000
Other activity		(128)		(128)
Ending balance (in shares) at Mar. 31, 2022			151,017,000
Ending balance at Mar. 31, 2022		$ 514,726	$ 1,510	1,397,516	51,607	(924,366)	$ (11,290)	(251)
Ending balance (in shares) at Mar. 31, 2022							3,188,000
Beginning balance (in shares) at Dec. 31, 2022		146,223,179	153,286,000
Beginning balance at Dec. 31, 2022		$ 295,373	$ 1,533	1,409,578	(101,231)	(999,401)	$ (14,737)	(369)
Beginning balance (in shares) at Dec. 31, 2022		7,062,925					7,063,000
Increase (Decrease) in Stockholders' Equity
Net income (loss) attributable to Gannett		$ 10,260				10,344		(84)
Restricted share grants		0	$ 47	(47)
Restricted share grants (in shares)			4,682,000
Other comprehensive income (loss), net	[1]	13,290			13,290
Share-based compensation expense		3,736		3,736
Issuance of common stock		25		25
Issuance of common stock (in shares)			13,000
Treasury stock		(2,139)					$ (2,139)
Treasury stock (in shares)							957,000
Restricted share forfeiture		(7)					$ (7)
Restricted share forfeiture (in shares)							740,000
Other activity		$ 105		105
Ending balance (in shares) at Mar. 31, 2023		149,221,069	157,981,000
Ending balance at Mar. 31, 2023		$ 320,643	$ 1,580	$ 1,413,397	$ (87,941)	$ (989,057)	$ (16,883)	$ (453)
Ending balance (in shares) at Mar. 31, 2023		8,759,808					8,760,000
[1]For the three months ended March 31, 2023 and 2022, Other comprehensive income (loss) is net of income tax provision of $2.4 million and income tax benefit of $0.5 million, respectively.

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Stockholders' Equity [Abstract]
Other comprehensive loss, tax provision (benefit)	$ 2,362	$ (457)

Description of business and bas

Description of business and basis of presentation	3 Months Ended
	Mar. 31, 2023
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 mission is to provide unbiased, unique local and national content and unrivaled marketing solutions to the communities we serve. We seek to drive audience growth and engagement by delivering valuable content experiences to our consumers, while offering the unique products and marketing expertise our advertisers desire. Our strategy prioritizes the growth of highly recurring digital businesses, while maximizing the lifetime value of our legacy print business, and we expect the execution of this strategy to enable us to continue our evolution to a digitally-focused content platform. Our current portfolio of media assets includes the USA TODAY NETWORK, which includes USA TODAY and local media organizations in 43 states in the United States (the "U.S."), and Newsquest, a wholly-owned subsidiary operating in the United Kingdom (the "U.K."). We also own digital marketing services companies under the brand LocaliQ, which provide a cloud-based platform of products to enable small and medium-sized businesses to accomplish their marketing goals. In addition, our portfolio includes what we believe is the largest media-owned events business in the U.S., USA TODAY NETWORK Ventures. Through USA TODAY, our network of local properties, 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 Digital Marketing Solutions ("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, as well as other general business costs. A full description of our reportable segments is included in Note 12 — Segment reporting in the notes to the condensed consolidated financial statements. Basis of presentation The unaudited condensed consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. As permitted under those rules, certain notes or other financial information that are normally required by U.S. GAAP have been condensed or omitted from these interim financial statements. The unaudited condensed consolidated financial statements should therefore 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, 2022. In the opinion of management, the unaudited condensed consolidated financial statements as of March 31, 2023 include all the assets, liabilities, revenues, expenses and cash flows of entities which Gannett controls due to ownership of a majority voting interest ("subsidiaries"). All significant intercompany accounts and transactions have been eliminated in consolidation, and the Company consolidates its subsidiaries. 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 unaudited condensed consolidated financial statements include pension and postretirement benefit obligation assumptions, income taxes, and goodwill and intangible asset impairment analysis.

Revenues

Revenues	3 Months Ended
	Mar. 31, 2023
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 March 31, In thousands 2023 2022 Print advertising $ 147,954 $ 173,518 Digital advertising and marketing services 192,893 201,596 Total advertising and marketing services 340,847 375,114 Circulation 241,285 288,602 Other 86,785 84,361 Total revenues $ 668,917 $ 748,077 For the three months ended March 31, 2023 and 2022, revenues generated from international locations were approximately 10.2% and 8.9% 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 the change in the deferred revenues balance by type of revenues: Three months ended March 31, 2023 Three months ended March 31, 2022 In thousands Advertising, marketing services, and other Circulation Total Advertising, marketing services, and other Circulation Total Beginning balance $ 46,327 $ 107,321 $ 153,648 $ 60,665 $ 124,173 $ 184,838 Acquisition — — — — 2,388 2,388 Cash receipts, net of refunds 65,632 207,486 273,118 76,125 237,860 313,985 Revenue recognized (72,663) (212,387) (285,050) (75,463) (240,169) (315,632) Ending balance $ 39,296 $ 102,420 $ 141,716 $ 61,327 $ 124,252 $ 185,579

Accounts receivable, net

Accounts receivable, net	3 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
Accounts receivable, net	NOTE 3 — Accounts receivable, net Receivables are presented net of allowances, which reflect the Company's expected credit losses based on historical experience as well as current and expected economic conditions. The following table presents changes in the allowance for doubtful accounts: Three months ended March 31, In thousands 2023 2022 Beginning balance $ 16,697 $ 16,470 Current period provision 1,383 (2,403) Write-offs charged against the allowance (4,839) (3,868) Recoveries of amounts previously written-off 1,199 942 Other 59 425 Ending balance $ 14,499 $ 11,566

Goodwill and intangible assets

Goodwill and intangible assets	3 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and intangible assets	NOTE 4 — Goodwill and intangible assets Goodwill and intangible assets consisted of the following: March 31, 2023 December 31, 2022 In thousands Gross carrying amount Accumulated Net carrying Gross carrying amount Accumulated Net carrying Finite-lived intangible assets: Advertiser relationships $ 446,162 $ 202,973 $ 243,189 $ 445,775 $ 192,032 $ 253,743 Other customer relationships 102,259 48,535 53,724 102,224 45,811 56,413 Subscriber relationships 251,090 133,959 117,131 251,083 126,899 124,184 Other intangible assets 68,780 57,614 11,166 68,780 55,932 12,848 Sub-total $ 868,291 $ 443,081 $ 425,210 $ 867,862 $ 420,674 $ 447,188 Indefinite-lived intangible assets: Mastheads 166,478 166,170 Total intangible assets $ 591,688 $ 613,358 Goodwill $ 533,469 $ 533,166 The Company performs its annual goodwill and indefinite-lived intangible impairment assessments as of November 30. In addition to the annual impairment test, the Company is required to regularly assess whether a triggering event has occurred under both ASC 350 "Intangibles - Goodwill and Other" ("ASC 350"), and ASC 360 "Property, Plant and Equipment" ("ASC 360"), which would require interim impairment testing. As of March 31, 2023, 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.

Integration and reorganization

Integration and reorganization costs	3 Months Ended
	Mar. 31, 2023
Restructuring and Related Activities [Abstract]
Integration and reorganization costs	NOTE 5 — Integration and reorganization costs 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 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, 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 March 31, In thousands 2023 2022 Gannett Media $ 6,112 $ 5,177 Digital Marketing Solutions 20 9 Corporate and other 4,121 174 Total $ 10,253 $ 5,360 A roll-forward of the accrued severance and related expenses included in Accounts payable and accrued liabilities on the condensed consolidated balance sheets for the three months ended March 31, 2023 is as follows: In thousands Severance and Beginning balance $ 29,773 Restructuring provision included in integration and reorganization costs 10,253 Cash payments (18,178) Ending balance $ 21,848 Other restructuring-related expenses Other restructuring-related expenses represent costs for consolidating operations, systems implementation, outsourcing of corporate functions and facility consolidations. The Company recorded other restructuring-related costs by segment as follows: Three months ended March 31, In thousands 2023 2022 Gannett Media (a) $ (1,463) $ 544 Digital Marketing Solutions — 142 Corporate and other 3,337 5,352 Total $ 1,874 $ 6,038 (a) For the three months ended March 31, 2023, other restructuring-related costs decreased compared to the three months ended March 31, 2022, primarily due to the reversal of a withdrawal liability related to a multiemployer pension plan.

Debt

Debt	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Debt	NOTE 6 — Debt The Company's debt consisted of the following: March 31, 2023 December 31, 2022 (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 Senior Secured Term Loan $ 407.1 $ (7.8) $ (1.7) $ 397.6 $ 438.4 $ (8.9) $ (1.9) $ 427.6 2026 Senior Notes 339.1 (8.6) (6.7) 323.8 345.2 (9.4) (7.3) 328.5 2027 Notes 485.3 (78.0) (1.7) 405.6 485.3 (81.2) (1.7) 402.4 2024 Notes 3.3 — — 3.3 3.3 — — 3.3 Total debt $ 1,234.8 $ (94.4) $ (10.1) $ 1,130.3 $ 1,272.2 $ (99.5) $ (10.9) $ 1,161.8 Less: Current portion of long-term debt $ (60.5) $ — $ — $ (60.5) $ (60.5) $ — $ — $ (60.5) Non-current portion of long-term debt $ 1,174.3 $ (94.4) $ (10.1) $ 1,069.8 $ 1,211.7 $ (99.5) $ (10.9) $ 1,101.3 Senior Secured Term Loan On October 15, 2021, Gannett Holdings LLC ("Gannett Holdings"), a wholly-owned subsidiary of the Company, entered into the five-year senior secured term loan facility in an original aggregate principal amount of $516.0 million (the "Senior Secured Term Loan," formerly referred to as 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 the 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 Senior Secured Term Loan and are treated as a single tranche with the Senior Secured Term Loan. The Term Loan Amendment also amended the Senior Secured Term Loan to transition the interest rate base from the London Inter-bank Offered Rate ("LIBOR") to the Adjusted Term Secured Overnight Financing Rate ("Adjusted Term SOFR"). Effective as of March 21, 2022 and April 8, 2022, Gannett Holdings entered into two separate amendments to the Senior Secured Term Loan to provide for incremental senior secured term loans totaling an aggregate principal amount of $30.0 million (collectively, the "Exchanged Term Loans"). The Exchanged Term Loans have substantially identical terms as the Senior Secured Term Loan and Incremental Term Loans and are treated as a single tranche with the Senior Secured Term Loan and the Incremental Term Loans. The Senior Secured Term Loan bears interest at a per annum rate equal to the Adjusted Term SOFR (which shall not be less than 0.50% per annum) plus a margin equal to 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 Senior Secured Term Loan may be prepaid, at the option of Gannett Holdings, at any time without premium. In addition, we are required to repay the 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 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. Subsequent to the amendment effective as of April 8, 2022, the Senior Secured Term Loan is amortized at $15.1 million per quarter (or, if the ratio of debt secured on an equal basis with the Senior Secured Term Loan less unrestricted cash of the Company and its restricted subsidiaries to Consolidated EBITDA (as such terms are defined in the 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, $7.6 million per quarter). All obligations under the 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 "Senior Secured Term Loan Guarantors"). The obligations of Gannett Holdings under the Senior Secured Term Loan are guaranteed on a senior secured basis by the Company and the Senior Secured Term Loan Guarantors. The 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, 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 March 31, 2023, the Company was in compliance with all of the covenants and obligations under the Senior Secured Term Loan. As of March 31, 2023 and December 31, 2022, the Senior Secured Term Loan was recorded at carrying value, which approximated fair value, in the condensed consolidated balance sheets and was classified as Level 2. For the three months ended March 31, 2023, the Company recognized interest expense of $10.3 million and paid cash interest of $10.4 million. For the three months ended March 31, 2022, the Company recognized interest expense of $6.9 million and paid cash interest of $6.9 million. For the three months ended March 31, 2023, the Company recognized amortization of original issue discount of $0.8 million, and amortization of deferred financing costs of $0.1 million. For the three months ended March 31, 2022, the Company recognized amortization of original issue discount of $0.9 million, and amortization of deferred financing costs of $0.2 million. Additionally, during the three months ended March 31, 2023, the Company recognized losses on early extinguishment of debt of $0.4 million, and for the three months ended March 31, 2022, the Company recognized losses on early extinguishment of debt of $1.4 million related to the write-off of original issue discount and deferred financing costs as a result of early prepayments on the Senior Secured Term Loan. For the three months ended March 31, 2023, the Company made $31.3 million of prepayments, including quarterly amortization payments, which were classified as financing activities in the condensed consolidated statements of cash flows. As of March 31, 2023, the effective interest rate for the Senior Secured Term Loan was 10.6%. 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. For the year ended December 31, 2022, the Company repurchased $54.8 million in aggregate principal amount of outstanding 2026 Senior Notes pursuant to privately negotiated agreements with certain holders of the 2026 Senior Notes. As part of these repurchases, we exchanged an aggregate principal amount equal to $30.0 million of the 2026 Senior Notes for $30.0 million of new term loans under the Senior Secured Term Loan. The repurchases were treated as an extinguishment of a portion of the 2026 Senior Notes, and as a result, for the year ended December 31, 2022, the Company recognized a net gain on the early extinguishment of debt of approximately $2.6 million, which included write-offs of unamortized original issue discount and deferred financing costs. For the three months ended March 31, 2023, the Company repurchased $6.1 million in aggregate principal amount of outstanding 2026 Senior Notes at a discount to par value pursuant to a privately negotiated agreement with a holder of the 2026 Senior Notes. As a result of this transaction, for the three months ended March 31, 2023, the Company recognized a net gain on the early extinguishment of debt of approximately $0.9 million, which included the write-off of unamortized original issue discount and deferred financing costs. 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 the 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. As of March 31, 2023 and December 31, 2022, the 2026 Senior Notes were recorded at carrying value in the condensed consolidated balance sheets, which did not approximate fair value. The 2026 Senior Notes were classified as Level 2, and based on unadjusted quoted prices in the active market obtained from third-party pricing services, the Company determined that the estimated fair value of the 2026 Senior Notes was $284.4 million and $281.7 million as of March 31, 2023 and December 31, 2022, respectively, and was primarily affected by fluctuations in market interest rates. The unamortized original issue discount and deferred financing costs will be amortized over the remaining contractual life of the 2026 Senior Notes using the effective interest method. For the three months ended March 31, 2023, the Company recognized interest expense of $5.0 million, and paid cash interest of $0.1 million. For the three months ended March 31, 2022, the Company recognized interest expense of $6.0 million, and paid cash interest of $0.6 million. For the three months ended March 31, 2023, the Company recognized amortization of original issue discount of $0.6 million and amortization of deferred financing costs of $0.5 million. For the three months ended March 31, 2022, the Company recognized amortization of original discount of $0.7 million and amortization of deferred financing costs of $0.6 million. As of March 31, 2023, the effective interest rate on the 2026 Senior Notes was 7.3%. Senior Secured Convertible Notes due 2027 The $497.1 million in aggregate principal amount of 6.0% 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. Interest on the 2027 Notes is payable semi-annually in arrears. The 2027 Notes mature on December 1, 2027, unless earlier repurchased or converted. The 2027 Notes may be converted at any time by the holders into cash, shares of the Company's common stock, par value $0.01 per share (the "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 amount of outstanding 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 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 Senior Secured Term Loan. The 2027 Notes are secured by the same collateral that secures the 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 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. As of March 31, 2023 and December 31, 2022, the debt component of the 2027 Notes was recorded at carrying value in the condensed consolidated balance sheets. The carrying value of the 2027 Notes reflected the balance of the unamortized discount related to the value of the conversion feature assessed at inception and did not approximate fair value as of March 31, 2023 and December 31, 2022. The 2027 Notes were classified as Level 2, and based on unadjusted quoted prices in the active market obtained from third-party pricing services, the Company determined that the estimated fair value of the 2027 Notes was $354.3 million and $353.7 million as of March 31, 2023 and December 31, 2022, respectively, and was primarily affected by fluctuations in market interest rates and the price of the Company's Common Stock. The fair value of the equity component was classified as Level 3 because it was measured at fair value using a binomial lattice model using assumptions based on market information and historical data, and significant unobservable inputs. As of March 31, 2023 and December 31, 2022, the amount of the conversion feature recorded in Additional paid-in capital was $279.6 million. For the three months ended March 31, 2023 and 2022, the Company recognized interest expense of $7.2 million and $7.2 million, respectively. In addition, during the three months ended March 31, 2023, the Company recognized amortization of the original issue discount of $3.2 million and an immaterial amount of amortization of deferred financing costs. For the three months ended March 31, 2022, the Company recognized amortization of original issue discount of $2.9 million and amortization of deferred financing costs of $0.1 million. As of March 31, 2023, the effective interest rate on the liability component of the 2027 Notes was 10.5%. For the three months ended March 31, 2023, no shares were issued upon conversion, exercise, or satisfaction of the required conditions. Refer to Note 10 — Supplemental equity information for details on the impact of the 2027 Notes 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	3 Months Ended
	Mar. 31, 2023
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 March 31, Three months ended March 31, In thousands 2023 2022 2023 2022 Operating expenses: Service cost - benefits earned during the period $ 324 $ 475 $ 10 $ 15 Non-operating expenses: Interest cost on benefit obligations 21,201 18,649 632 451 Expected return on plan assets (23,668) (37,281) — — Amortization of prior service benefit 16 — — — Amortization of actuarial loss (gain) 540 20 (536) (52) Total non-operating (benefit) expense $ (1,911) $ (18,612) $ 96 $ 399 Total (benefit) expense for retirement plans $ (1,587) $ (18,137) $ 106 $ 414 Contributions We are contractually obligated to contribute to our pension and postretirement benefit plans. During the three months ended March 31, 2023, we contributed $0.3 million and $1.9 million to our pension and other postretirement plans, respectively. Beginning with the quarter ended December 31, 2022, and ending with the quarter ending September 30, 2024, the GR Plan's appointed actuary will certify the GR Plan's funded status for each quarter (the "Quarterly Certification") in accordance with U.S. GAAP. If the GR Plan is less than 100% funded, the Company will make a $1.0 million contribution to the GR Plan no later than 60 days following the receipt of the Quarterly Certification, provided, however, that the Company's obligation to make additional contractual contributions will terminate the earlier of (a) the day following the date that a contractual contribution would be due for the quarter ending September 30, 2024, and (b) the date the Company has made a total of $5.0 million of contractual contributions subsequent to June 30, 2022. As of March 31, 2023, the

Fair value measurement

Fair value measurement	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023 and December 31, 2022, assets and liabilities recorded at fair value and measured on a recurring basis primarily consist of pension plan assets. As permitted by U.S. GAAP, we use net asset values ("NAV") as a practical expedient to determine the fair value of certain investments. These investments measured at NAV have not been classified in the fair value hierarchy. The Company's debt is recorded on the condensed consolidated balance sheets at carrying value. Refer to Note 6 — Debt for additional discussion regarding fair value of the Company's debt instruments. 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. The Company had assets held for sale totaling $2.3 million and $8.4 million as of March 31, 2023 and December 31, 2022, respectively. The Company performs its annual goodwill and indefinite-lived intangible impairment assessment during the fourth 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	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income taxes	NOTE 9 — Income taxes The following table outlines our pre-tax net loss and income tax amounts: Three months ended March 31, In thousands 2023 2022 Loss before income taxes $ (7,069) $ (10,709) Benefit for income taxes (17,329) (7,607) Effective tax rate 245.1 % 71.0 % 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), and changes in tax laws. The benefit for income taxes for the three months ended March 31, 2023, was mainly driven by the tax benefit of the pre-tax book loss, the change in valuation allowances on non-deductible U.S. interest expense carryforwards, the global intangible low-taxed income inclusion and stock compensation. The benefit was calculated using an estimated annual effective tax rate of 273.3%. The estimated annual effective tax rate is principally impacted by valuation allowances on non-deductible interest expense carryforwards, the global intangible low-taxed income inclusion and foreign tax expense, partially offset by the benefit of U.S. pre-tax book loss. The estimated annual effective tax rate is based on the projected tax expense for the full year. The total amount of unrecognized tax benefits that, if recognized, may impact the effective tax rate was approximately $50.7 million and $43.3 million as of March 31, 2023 and December 31, 2022, respectively. The amount of accrued interest and penalties payable related to unrecognized tax benefits was $4.2 million and $3.9 million as of March 31, 2023 and December 31, 2022, 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 benefit for income taxes for the three months ended March 31, 2022, was mainly driven by pre-tax loss and the then current year tax benefit from the release of tax reserves, 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 41.3%. On August 16, 2022, the U.S. government enacted the Inflation Reduction Act of 2022 (the "Inflation Reduction Act"), which includes, among other provisions, changes to the U.S. corporate income tax system, including a 15% minimum tax based on "average adjusted financial statement income" exceeding $1 billion for any three consecutive years preceding the tax year and a 1% excise tax on net repurchases of stock in excess of $1 million after December 31, 2022. We do not anticipate a material financial impact from the Inflation Reduction Act during 2023.

Supplemental equity information

Supplemental equity information	3 Months Ended
	Mar. 31, 2023
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 March 31, In thousands, except per share data 2023 2022 Net income (loss) attributable to Gannett $ 10,344 $ (2,967) Basic weighted average shares outstanding 137,931 136,425 Effect of dilutive securities: Restricted stock grants 244 — Diluted weighted average shares outstanding 138,175 136,425 Income (loss) per share attributable to Gannett - basic $ 0.07 $ (0.02) Income (loss) per share attributable to Gannett - diluted $ 0.07 $ (0.02) 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 March 31, In thousands 2023 2022 Warrants 845 845 Stock options 6,068 6,068 Restricted stock grants (a) 4,840 12,403 2027 Notes (b) 97,057 97,057 (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 March 31, 2023 and 2022 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 287.2 million shares from the income (loss) per share calculation, representing the total number of shares issuable assuming the maximum increase in the conversion rate. As of March 31, 2023, 97.1 million shares representing the total number of shares that would be convertible were excluded from the income (loss) per share calculation because their effect would be antidilutive. Share-based compensation Share-based compensation expense was $3.7 million and $3.4 million for the three months ended March 31, 2023 and 2022, respectively. The total compensation cost not yet recognized related to non-vested awards as of March 31, 2023 was $30.0 million, which is expected to be recognized over a weighted-average period of 2.2 years through May 2025. Equity awards During the three months ended March 31, 2023, a total of 4.7 million RSAs were granted. RSAs generally vest one-third on each of the first three anniversaries 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 three months ended March 31, 2023 was $1.83. 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 Company's Board of Directors, 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 three months ended March 31, 2023. Stock Repurchase Program On February 1, 2022, the Company's Board of Directors authorized the repurchase of up to $100 million (the "Stock Repurchase Program") of the Company's Common Stock. 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, if any, 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. Further, future repurchases under our Stock Repurchase Program may be subject to various conditions under the terms of our various debt instruments and agreements, unless an exception is available or we obtain a waiver or similar relief. During the three months ended March 31, 2023, the Company did not repurchase any shares of Common Stock under the Stock Repurchase Program. As of March 31, 2023, the remaining authorized amount under the Stock Repurchase Program was approximately $96.9 million. The Company does not anticipate repurchasing any shares of Common Stock pursuant to the Stock Repurchase Program during 2023. Accumulated other comprehensive loss The following tables summarize the components of, and the changes in, Accumulated other comprehensive loss, net of tax: Three months ended March 31, 2023 Three months ended March 31, 2022 In thousands Pension and postretirement benefit plans Foreign currency translation Total Pension and postretirement benefit plans Foreign currency translation Total Beginning balance $ (86,351) $ (14,880) $ (101,231) $ 50,870 $ 9,128 $ 59,998 Other comprehensive income (loss) before reclassifications, net of taxes 6,939 6,337 13,276 (811) (7,556) (8,367) Amounts reclassified from accumulated other comprehensive income (loss) (a)(b) 14 — 14 (24) — (24) Net current period other comprehensive income (loss), net of taxes 6,953 6,337 13,290 (835) (7,556) (8,391) Ending balance $ (79,398) $ (8,543) $ (87,941) $ 50,035 $ 1,572 $ 51,607 (a) Amounts reclassified from accumulated other comprehensive (loss) income are 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 $6 thousand and $8 thousand for the three months ended March 31, 2023 and 2022, respectively.

Commitments, contingencies and

Commitments, contingencies and other matters	3 Months Ended
	Mar. 31, 2023
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 believe it is reasonably possible that its current and threatened legal proceedings will 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	3 Months Ended
	Mar. 31, 2023
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 under the brand 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 March 31, 2023 In thousands Gannett Media Digital Marketing Solutions Corporate and other Intersegment Eliminations Consolidated Advertising and marketing services - external sales $ 228,030 $ 112,817 $ — $ — $ 340,847 Advertising and marketing services - intersegment sales 34,393 — — (34,393) — Circulation 241,285 — — — 241,285 Other 85,387 — 1,398 — 86,785 Total operating revenues $ 589,095 $ 112,817 $ 1,398 $ (34,393) $ 668,917 Adjusted EBITDA (non-GAAP basis) $ 57,263 $ 11,683 $ (6,044) $ — $ 62,902 Adjusted EBITDA margin (non-GAAP basis) 9.7 % 10.4 % NM NM 9.4 % NM indicates not meaningful. Three months ended March 31, 2022 In thousands Gannett Media Digital Marketing Solutions Corporate and other Intersegment Eliminations Consolidated Advertising and marketing services - external sales $ 265,405 $ 109,709 $ — $ — $ 375,114 Advertising and marketing services - intersegment sales 33,357 — — (33,357) — Circulation 288,602 — — — 288,602 Other 83,055 — 1,306 — 84,361 Total operating revenues $ 670,419 $ 109,709 $ 1,306 $ (33,357) $ 748,077 Adjusted EBITDA (non-GAAP basis) $ 68,648 $ 11,180 $ (15,657) $ — $ 64,171 Adjusted EBITDA margin (non-GAAP basis) 10.2 % 10.2 % NM NM 8.6 % NM indicates not meaningful. The following table presents our 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 March 31, In thousands 2023 2022 Net income (loss) attributable to Gannett $ 10,344 $ (2,967) Benefit for income taxes (17,329) (7,607) Interest expense 28,330 26,006 (Gain) loss on early extinguishment of debt (496) 2,743 Non-operating pension income (1,815) (18,213) Depreciation and amortization 43,698 47,783 Integration and reorganization costs 12,127 11,398 Other operating expenses 229 1,102 Asset impairments 5 854 Gain on sale or disposal of assets, net (17,681) (2,804) Share-based compensation expense 3,736 3,393 Other items 1,754 2,483 Adjusted EBITDA (non-GAAP basis) $ 62,902 $ 64,171 Net income (loss) attributable to Gannett margin 1.5 % (0.4) % Adjusted EBITDA margin (non-GAAP basis) 9.4 % 8.6 %

Other supplemental information

Other supplemental information	3 Months Ended
	Mar. 31, 2023
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, cash held in an irrevocable grantor trust for our deferred compensation plans and cash held with banking institutions for insurance. The following table presents a reconciliation of cash, cash equivalents and restricted cash: March 31, In thousands 2023 2022 Cash and cash equivalents $ 83,074 $ 152,191 Restricted cash included in other current assets 1,275 1,105 Restricted cash included in pension and other assets 9,275 11,722 Total cash, cash equivalents and restricted cash $ 93,624 $ 165,018 Supplemental cash flow information The following table presents supplemental cash flow information, including non-cash investing and financing activities: Three months ended March 31, In thousands 2023 2022 Cash paid for taxes, net of refunds $ 953 $ 846 Cash paid for interest 10,499 7,531 Non-cash investing and financing activities: Accrued capital expenditures $ 342 $ 1,160 Accounts payable and accrued liabilities A breakout of Accounts payable and accrued liabilities is presented below: In thousands March 31, 2023 December 31, 2022 Accounts payable $ 154,859 $ 189,094 Compensation 60,241 87,937 Taxes (primarily property, sales, and payroll taxes) 12,373 11,940 Benefits 19,482 21,942 Interest 18,227 6,162 Other 39,730 34,773 Accounts payable and accrued liabilities $ 304,912 $ 351,848

Description of business and b_2

Description of business and basis of presentation (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The unaudited condensed consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. As permitted under those rules, certain notes or other financial information that are normally required by U.S. GAAP have been condensed or omitted from these interim financial statements. The unaudited condensed consolidated financial statements should therefore 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, 2022.
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 unaudited condensed consolidated financial statements include pension and postretirement benefit obligation assumptions, income taxes, and goodwill and intangible asset impairment analysis.

Revenues (Tables)

Revenues (Tables)	3 Months Ended
	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Schedule of disaggregation of revenue	The following table presents our revenues disaggregated by source: Three months ended March 31, In thousands 2023 2022 Print advertising $ 147,954 $ 173,518 Digital advertising and marketing services 192,893 201,596 Total advertising and marketing services 340,847 375,114 Circulation 241,285 288,602 Other 86,785 84,361 Total revenues $ 668,917 $ 748,077
Schedule of deferred revenue	The following table presents the change in the deferred revenues balance by type of revenues: Three months ended March 31, 2023 Three months ended March 31, 2022 In thousands Advertising, marketing services, and other Circulation Total Advertising, marketing services, and other Circulation Total Beginning balance $ 46,327 $ 107,321 $ 153,648 $ 60,665 $ 124,173 $ 184,838 Acquisition — — — — 2,388 2,388 Cash receipts, net of refunds 65,632 207,486 273,118 76,125 237,860 313,985 Revenue recognized (72,663) (212,387) (285,050) (75,463) (240,169) (315,632) Ending balance $ 39,296 $ 102,420 $ 141,716 $ 61,327 $ 124,252 $ 185,579

Accounts receivable, net (Table

Accounts receivable, net (Tables)	3 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
Schedule of allowance for doubtful accounts	The following table presents changes in the allowance for doubtful accounts: Three months ended March 31, In thousands 2023 2022 Beginning balance $ 16,697 $ 16,470 Current period provision 1,383 (2,403) Write-offs charged against the allowance (4,839) (3,868) Recoveries of amounts previously written-off 1,199 942 Other 59 425 Ending balance $ 14,499 $ 11,566

Goodwill and intangible assets

Goodwill and intangible assets (Tables)	3 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill, indefinite-lived intangible assets, and amortizable intangible assets	Goodwill and intangible assets consisted of the following: March 31, 2023 December 31, 2022 In thousands Gross carrying amount Accumulated Net carrying Gross carrying amount Accumulated Net carrying Finite-lived intangible assets: Advertiser relationships $ 446,162 $ 202,973 $ 243,189 $ 445,775 $ 192,032 $ 253,743 Other customer relationships 102,259 48,535 53,724 102,224 45,811 56,413 Subscriber relationships 251,090 133,959 117,131 251,083 126,899 124,184 Other intangible assets 68,780 57,614 11,166 68,780 55,932 12,848 Sub-total $ 868,291 $ 443,081 $ 425,210 $ 867,862 $ 420,674 $ 447,188 Indefinite-lived intangible assets: Mastheads 166,478 166,170 Total intangible assets $ 591,688 $ 613,358 Goodwill $ 533,469 $ 533,166

Integration and reorganizatio_2

Integration and reorganization costs (Tables)	3 Months Ended
	Mar. 31, 2023
Restructuring and Related Activities [Abstract]
Schedule of restructuring and related costs	The Company recorded severance-related expenses by segment as follows: Three months ended March 31, In thousands 2023 2022 Gannett Media $ 6,112 $ 5,177 Digital Marketing Solutions 20 9 Corporate and other 4,121 174 Total $ 10,253 $ 5,360 A roll-forward of the accrued severance and related expenses included in Accounts payable and accrued liabilities on the condensed consolidated balance sheets for the three months ended March 31, 2023 is as follows: In thousands Severance and Beginning balance $ 29,773 Restructuring provision included in integration and reorganization costs 10,253 Cash payments (18,178) Ending balance $ 21,848
Schedule of facility consolidation and other restructuring expenses	The Company recorded other restructuring-related costs by segment as follows: Three months ended March 31, In thousands 2023 2022 Gannett Media (a) $ (1,463) $ 544 Digital Marketing Solutions — 142 Corporate and other 3,337 5,352 Total $ 1,874 $ 6,038 (a) For the three months ended March 31, 2023, other restructuring-related costs decreased compared to the three months ended March 31, 2022, primarily due to the reversal of a withdrawal liability related to a multiemployer pension plan.

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Schedule of debt	The Company's debt consisted of the following: March 31, 2023 December 31, 2022 (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 Senior Secured Term Loan $ 407.1 $ (7.8) $ (1.7) $ 397.6 $ 438.4 $ (8.9) $ (1.9) $ 427.6 2026 Senior Notes 339.1 (8.6) (6.7) 323.8 345.2 (9.4) (7.3) 328.5 2027 Notes 485.3 (78.0) (1.7) 405.6 485.3 (81.2) (1.7) 402.4 2024 Notes 3.3 — — 3.3 3.3 — — 3.3 Total debt $ 1,234.8 $ (94.4) $ (10.1) $ 1,130.3 $ 1,272.2 $ (99.5) $ (10.9) $ 1,161.8 Less: Current portion of long-term debt $ (60.5) $ — $ — $ (60.5) $ (60.5) $ — $ — $ (60.5) Non-current portion of long-term debt $ 1,174.3 $ (94.4) $ (10.1) $ 1,069.8 $ 1,211.7 $ (99.5) $ (10.9) $ 1,101.3

Pensions and other postretire_2

Pensions and other postretirement benefit plans (Tables)	3 Months Ended
	Mar. 31, 2023
Retirement Benefits [Abstract]
Schedule of defined benefit plan amounts recognized in other comprehensive income (loss)	Retirement plan costs include the following components: Pension benefits Postretirement benefits Three months ended March 31, Three months ended March 31, In thousands 2023 2022 2023 2022 Operating expenses: Service cost - benefits earned during the period $ 324 $ 475 $ 10 $ 15 Non-operating expenses: Interest cost on benefit obligations 21,201 18,649 632 451 Expected return on plan assets (23,668) (37,281) — — Amortization of prior service benefit 16 — — — Amortization of actuarial loss (gain) 540 20 (536) (52) Total non-operating (benefit) expense $ (1,911) $ (18,612) $ 96 $ 399 Total (benefit) expense for retirement plans $ (1,587) $ (18,137) $ 106 $ 414

Income taxes (Tables)

Income taxes (Tables)	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of components of income tax expense	The following table outlines our pre-tax net loss and income tax amounts: Three months ended March 31, In thousands 2023 2022 Loss before income taxes $ (7,069) $ (10,709) Benefit for income taxes (17,329) (7,607) Effective tax rate 245.1 % 71.0 %

Supplemental equity informati_2

Supplemental equity information (Tables)	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Schedule of income (loss) 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 March 31, In thousands, except per share data 2023 2022 Net income (loss) attributable to Gannett $ 10,344 $ (2,967) Basic weighted average shares outstanding 137,931 136,425 Effect of dilutive securities: Restricted stock grants 244 — Diluted weighted average shares outstanding 138,175 136,425 Income (loss) per share attributable to Gannett - basic $ 0.07 $ (0.02) Income (loss) per share attributable to Gannett - diluted $ 0.07 $ (0.02)
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 March 31, In thousands 2023 2022 Warrants 845 845 Stock options 6,068 6,068 Restricted stock grants (a) 4,840 12,403 2027 Notes (b) 97,057 97,057 (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 March 31, 2023 and 2022 as stipulated in the 2027 Notes Indenture.
Schedule of accumulated other comprehensive loss, net of tax	The following tables summarize the components of, and the changes in, Accumulated other comprehensive loss, net of tax: Three months ended March 31, 2023 Three months ended March 31, 2022 In thousands Pension and postretirement benefit plans Foreign currency translation Total Pension and postretirement benefit plans Foreign currency translation Total Beginning balance $ (86,351) $ (14,880) $ (101,231) $ 50,870 $ 9,128 $ 59,998 Other comprehensive income (loss) before reclassifications, net of taxes 6,939 6,337 13,276 (811) (7,556) (8,367) Amounts reclassified from accumulated other comprehensive income (loss) (a)(b) 14 — 14 (24) — (24) Net current period other comprehensive income (loss), net of taxes 6,953 6,337 13,290 (835) (7,556) (8,391) Ending balance $ (79,398) $ (8,543) $ (87,941) $ 50,035 $ 1,572 $ 51,607 (a) Amounts reclassified from accumulated other comprehensive (loss) income are 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 $6 thousand and $8 thousand for the three months ended March 31, 2023 and 2022, respectively.

Segment reporting (Tables)

Segment reporting (Tables)	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Schedule of segment reporting information, by segment	The following tables present our segment information: Three months ended March 31, 2023 In thousands Gannett Media Digital Marketing Solutions Corporate and other Intersegment Eliminations Consolidated Advertising and marketing services - external sales $ 228,030 $ 112,817 $ — $ — $ 340,847 Advertising and marketing services - intersegment sales 34,393 — — (34,393) — Circulation 241,285 — — — 241,285 Other 85,387 — 1,398 — 86,785 Total operating revenues $ 589,095 $ 112,817 $ 1,398 $ (34,393) $ 668,917 Adjusted EBITDA (non-GAAP basis) $ 57,263 $ 11,683 $ (6,044) $ — $ 62,902 Adjusted EBITDA margin (non-GAAP basis) 9.7 % 10.4 % NM NM 9.4 % NM indicates not meaningful. Three months ended March 31, 2022 In thousands Gannett Media Digital Marketing Solutions Corporate and other Intersegment Eliminations Consolidated Advertising and marketing services - external sales $ 265,405 $ 109,709 $ — $ — $ 375,114 Advertising and marketing services - intersegment sales 33,357 — — (33,357) — Circulation 288,602 — — — 288,602 Other 83,055 — 1,306 — 84,361 Total operating revenues $ 670,419 $ 109,709 $ 1,306 $ (33,357) $ 748,077 Adjusted EBITDA (non-GAAP basis) $ 68,648 $ 11,180 $ (15,657) $ — $ 64,171 Adjusted EBITDA margin (non-GAAP basis) 10.2 % 10.2 % NM NM 8.6 % NM indicates not meaningful. The following table presents our 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 March 31, In thousands 2023 2022 Net income (loss) attributable to Gannett $ 10,344 $ (2,967) Benefit for income taxes (17,329) (7,607) Interest expense 28,330 26,006 (Gain) loss on early extinguishment of debt (496) 2,743 Non-operating pension income (1,815) (18,213) Depreciation and amortization 43,698 47,783 Integration and reorganization costs 12,127 11,398 Other operating expenses 229 1,102 Asset impairments 5 854 Gain on sale or disposal of assets, net (17,681) (2,804) Share-based compensation expense 3,736 3,393 Other items 1,754 2,483 Adjusted EBITDA (non-GAAP basis) $ 62,902 $ 64,171 Net income (loss) attributable to Gannett margin 1.5 % (0.4) % Adjusted EBITDA margin (non-GAAP basis) 9.4 % 8.6 %

Other supplemental information

Other supplemental information (Tables)	3 Months Ended
	Mar. 31, 2023
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: March 31, In thousands 2023 2022 Cash and cash equivalents $ 83,074 $ 152,191 Restricted cash included in other current assets 1,275 1,105 Restricted cash included in pension and other assets 9,275 11,722 Total cash, cash equivalents and restricted cash $ 93,624 $ 165,018
Summary of restrictions on cash and cash equivalents	The following table presents a reconciliation of cash, cash equivalents and restricted cash: March 31, In thousands 2023 2022 Cash and cash equivalents $ 83,074 $ 152,191 Restricted cash included in other current assets 1,275 1,105 Restricted cash included in pension and other assets 9,275 11,722 Total cash, cash equivalents and restricted cash $ 93,624 $ 165,018
Schedule of cash flow, supplemental disclosures	The following table presents supplemental cash flow information, including non-cash investing and financing activities: Three months ended March 31, In thousands 2023 2022 Cash paid for taxes, net of refunds $ 953 $ 846 Cash paid for interest 10,499 7,531 Non-cash investing and financing activities: Accrued capital expenditures $ 342 $ 1,160
Schedule of accounts payable and accrued liabilities	A breakout of Accounts payable and accrued liabilities is presented below: In thousands March 31, 2023 December 31, 2022 Accounts payable $ 154,859 $ 189,094 Compensation 60,241 87,937 Taxes (primarily property, sales, and payroll taxes) 12,373 11,940 Benefits 19,482 21,942 Interest 18,227 6,162 Other 39,730 34,773 Accounts payable and accrued liabilities $ 304,912 $ 351,848

Description of business and b_3

Description of business and basis of presentation - Narrative (Details)	3 Months Ended
	Mar. 31, 2023 segment state
Accounting Policies [Abstract]
Number of states in which entity operates | state	43
Number of operating segments | segment	2

Revenues - Disaggregation of Re

Revenues - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Disaggregation of Revenue
Total revenues	$ 668,917	$ 748,077
Total advertising and marketing services
Disaggregation of Revenue
Total revenues	340,847	375,114
Print advertising
Disaggregation of Revenue
Total revenues	147,954	173,518
Digital advertising and marketing services
Disaggregation of Revenue
Total revenues	192,893	201,596
Circulation
Disaggregation of Revenue
Total revenues	241,285	288,602
Other
Disaggregation of Revenue
Total revenues	$ 86,785	$ 84,361

Revenues - Narrative (Details)

Revenues - Narrative (Details)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
International | Revenue Benchmark | Geographic Concentration Risk
Revenue, Initial Application Period Cumulative Effect Transition
Revenue, percentage	10.20%	8.90%

Revenues - Deferred Revenues Na

Revenues - Deferred Revenues Narrative (Details) - Customer Subscription - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-04-01	Mar. 31, 2023
Minimum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
Expected timing of satisfaction	1 month
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	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Movement in Deferred Revenue
Beginning balance	$ 153,648	$ 184,838
Acquisition	0	2,388
Cash receipts, net of refunds	273,118	313,985
Revenue recognized	(285,050)	(315,632)
Ending balance	141,716	185,579
Advertising, marketing services, and other
Movement in Deferred Revenue
Beginning balance	46,327	60,665
Acquisition	0	0
Cash receipts, net of refunds	65,632	76,125
Revenue recognized	(72,663)	(75,463)
Ending balance	39,296	61,327
Circulation
Movement in Deferred Revenue
Beginning balance	107,321	124,173
Acquisition	0	2,388
Cash receipts, net of refunds	207,486	237,860
Revenue recognized	(212,387)	(240,169)
Ending balance	$ 102,420	$ 124,252

Accounts receivable, net - Allo

Accounts receivable, net - Allowance for doubtful accounts (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Accounts Receivable, Allowance for Credit Loss
Beginning balance	$ 16,697	$ 16,470
Current period provision	1,383	(2,403)
Write-offs charged against the allowance	(4,839)	(3,868)
Recoveries of amounts previously written-off	1,199	942
Other	59	425
Ending balance	$ 14,499	$ 11,566

Accounts receivable, net - Narr

Accounts receivable, net - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Receivables [Abstract]
Bad debt expense (recovery)	$ 1,383	$ (2,403)

Goodwill and intangible asset_2

Goodwill and intangible assets - Schedule of goodwill and intangible assets (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets
Gross carrying amount	$ 868,291	$ 867,862
Accumulated amortization	443,081	420,674
Net carrying amount	425,210	447,188
Indefinite-lived intangible assets:
Total intangible assets	591,688	613,358
Goodwill	533,469	533,166
Mastheads
Indefinite-lived intangible assets:
Non-amortized intangible assets	166,478	166,170
Advertiser relationships
Finite-Lived Intangible Assets
Gross carrying amount	446,162	445,775
Accumulated amortization	202,973	192,032
Net carrying amount	243,189	253,743
Other customer relationships
Finite-Lived Intangible Assets
Gross carrying amount	102,259	102,224
Accumulated amortization	48,535	45,811
Net carrying amount	53,724	56,413
Subscriber relationships
Finite-Lived Intangible Assets
Gross carrying amount	251,090	251,083
Accumulated amortization	133,959	126,899
Net carrying amount	117,131	124,184
Other intangible assets
Finite-Lived Intangible Assets
Gross carrying amount	68,780	68,780
Accumulated amortization	57,614	55,932
Net carrying amount	$ 11,166	$ 12,848

Integration and reorganizatio_3

Integration and reorganization costs - Severance Related Expenses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve
Consolidation charges and other restructuring-related costs	$ 12,127	$ 11,398
Severance
Restructuring Cost and Reserve
Consolidation charges and other restructuring-related costs	10,253	5,360
Operating Segments | Gannett Media | Severance
Restructuring Cost and Reserve
Consolidation charges and other restructuring-related costs	6,112	5,177
Operating Segments | Digital Marketing Solutions | Severance
Restructuring Cost and Reserve
Consolidation charges and other restructuring-related costs	20	9
Corporate and other | Severance
Restructuring Cost and Reserve
Consolidation charges and other restructuring-related costs	$ 4,121	$ 174

Integration and reorganizatio_4

Integration and reorganization costs - Restructuring Reserve (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Restructuring Reserve
Restructuring provision included in integration and reorganization costs	$ 12,127	$ 11,398
Severance
Restructuring Reserve
Beginning balance	29,773
Restructuring provision included in integration and reorganization costs	10,253	$ 5,360
Cash payments	(18,178)
Ending balance	$ 21,848

Integration and reorganizatio_5

Integration and reorganization costs - Facility Consolidation Charges and Accelerated Depreciation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve
Consolidation charges and other restructuring-related costs	$ 12,127	$ 11,398
Facility Closing
Restructuring Cost and Reserve
Consolidation charges and other restructuring-related costs	1,874	6,038
Operating Segments | Gannett Media | Facility Closing
Restructuring Cost and Reserve
Consolidation charges and other restructuring-related costs	(1,463)	544
Operating Segments | Digital Marketing Solutions | Facility Closing
Restructuring Cost and Reserve
Consolidation charges and other restructuring-related costs	0	142
Corporate and other | Facility Closing
Restructuring Cost and Reserve
Consolidation charges and other restructuring-related costs	$ 3,337	$ 5,352

Debt - Schedule of Debt Outstan

Debt - Schedule of Debt Outstanding (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022	Oct. 15, 2021	Nov. 17, 2020
Debt Instrument
Principal balance	$ 1,234,800,000	$ 1,272,200,000
Unamortized original issue discount	(94,400,000)	(99,500,000)
Unamortized deferred financing costs	(10,100,000)	(10,900,000)
Long-term debt	660,974,000	695,642,000
Principal outstanding	1,130,300,000	1,161,800,000
Long term debt, gross, current	(60,500,000)	(60,500,000)
Debt instrument unamortized discount current	0	0
Debt issuance costs, current, net	0	0
Long-term debt, current maturities	(60,500,000)	(60,500,000)
Non-current debt, gross, noncurrent	1,174,300,000	1,211,700,000
Debt instrument, unamortized discount, noncurrent	(94,400,000)	(99,500,000)
Debt issuance costs, noncurrent, net	(10,100,000)	(10,900,000)
Non-current portion of long-term debt	1,069,800,000	1,101,300,000
Senior Secured Term Loan | Senior Secured Term Loan
Debt Instrument
Principal balance	407,100,000	438,400,000	$ 516,000,000
Unamortized original issue discount	(7,800,000)	(8,900,000)
Unamortized deferred financing costs	(1,700,000)	(1,900,000)
Secured debt	397,600,000	427,600,000
Senior Secured Term Loan | 2026 Senior Notes
Debt Instrument
Principal balance		30,000,000
Senior Notes | 2026 Senior Notes
Debt Instrument
Principal balance	339,100,000	345,200,000	$ 400,000,000
Unamortized original issue discount	(8,600,000)	(9,400,000)
Unamortized deferred financing costs	(6,700,000)	(7,300,000)
Long-term debt	323,800,000	328,500,000
Convertible debt | 2027 Notes
Debt Instrument
Principal balance	485,300,000	485,300,000		$ 497,100,000
Unamortized original issue discount	(78,000,000)	(81,200,000)
Unamortized deferred financing costs	(1,700,000)	(1,700,000)
Long-term debt	405,600,000	402,400,000
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 - Senior Secured Term Loan

Debt - Senior Secured Term Loan (Details)		3 Months Ended		12 Months Ended
	Oct. 15, 2021 USD ($)	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($) amendment	Apr. 08, 2022 USD ($) plan	Jan. 31, 2022 USD ($)
Line of Credit Facility
Principal balance		$ 1,234,800,000		$ 1,272,200,000
Cash paid for interest		10,499,000	$ 7,531,000
Loss on early extinguishment of debt		(496,000)	2,743,000
Senior Secured Term Loan | Senior Secured Term Loan
Line of Credit Facility
Debt instrument term (in years)	5 years
Principal balance	$ 516,000,000	407,100,000		438,400,000
Cash requirement	$ 100,000,000
Amortization quarterly amount					$ 15,100,000
First lien et leverage ratio | plan					1.20
Amortization quarterly amount upon ratio threshold					$ 7,600,000
Interest expense		10,300,000	6,900,000
Cash paid for interest		10,400,000	6,900,000
Amortization of the discount		800,000	900,000
Amortization of debt issuance costs		100,000	200,000
Loss on early extinguishment of debt		400,000	$ 1,400,000
Repayments of debt		$ 31,300,000
Effective interest rate (as a percent)		10.60%
Senior Secured Term Loan | Senior Secured Term Loan | Debt Covenant, Range One
Line of Credit Facility
First lien et leverage ratio	2
Maximum debt or equity purchasable	$ 25,000,000
Senior Secured Term Loan | Senior Secured Term Loan | Debt Covenant, Range Two
Line of Credit Facility
First lien et leverage ratio	1.50
Maximum debt or equity purchasable	$ 50,000,000
Senior Secured Term Loan | Senior Secured Term Loan | Debt Covenant, Range Three
Line of Credit Facility
First lien et leverage ratio	1
Senior Secured Term Loan | Senior Secured Term Loan | SOFR
Line of Credit Facility
Variable rate (as a percent)	5%
Senior Secured Term Loan | Senior Secured Term Loan | Alternate Base Rate
Line of Credit Facility
Variable rate (as a percent)	4%
Senior Secured Term Loan | Senior Secured Term Loan | Minimum
Line of Credit Facility
Unrestricted cash requirement	$ 30,000,000
Senior Secured Term Loan | Senior Secured Term Loan | Minimum | SOFR
Line of Credit Facility
Variable rate (as a percent)	0.50%
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				$ 30,000,000		$ 50,000,000
Number of separate amendments | amendment				2

Debt - Senior Secured Notes due

Debt - Senior Secured Notes due 2026 (Details) - USD ($)		3 Months Ended		12 Months Ended
	Oct. 15, 2021	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Line of Credit Facility
Principal balance		$ 1,234,800,000		$ 1,272,200,000
Gain on early extinguishment of debt		496,000	$ (2,743,000)
2026 Senior Notes | Senior Notes
Line of Credit Facility
Principal balance	$ 400,000,000	339,100,000		345,200,000
Stated interest rate (as a percent)	6%
Mandatory and optional prepayments		6,100,000		54,800,000
Gain on early extinguishment of debt		900,000		2,600,000
Interest expense		5,000,000	6,000,000
Interest paid		100,000	600,000
Amortization of the discount		600,000	700,000
Amortization of debt issuance costs		$ 500,000	$ 600,000
Effective interest rate (as a percent)		7.30%
2026 Senior Notes | Senior Notes | Fair Value, Inputs, Level 2
Line of Credit Facility
Debt fair value		$ 284,400,000		281,700,000
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%
2026 Senior Notes | Senior Secured Term Loan
Line of Credit Facility
Principal balance				30,000,000
Extinguishment of debt, amount				$ 30,000,000

Debt - Senior Secured Convertib

Debt - Senior Secured Convertible Notes due 2027 (Details)		3 Months Ended
	Nov. 17, 2020 USD ($) $ / shares shares	Mar. 31, 2023 USD ($) component $ / shares	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($) $ / shares	Dec. 31, 2021 USD ($)
Line of Credit Facility
Principal balance		$ 1,234,800,000		$ 1,272,200,000
Common stock, par value (in dollars per share) | $ / shares		$ 0.01		$ 0.01
2027 Notes | Convertible debt
Line of Credit Facility
Principal balance	$ 497,100,000	$ 485,300,000		$ 485,300,000
Stated interest rate (as a percent)	6%
Common stock, par value (in dollars per share) | $ / shares	$ 0.01
Debt instrument, share conversion rate (per $1,000)	20%
Percentage of notes initially convertible to common stock	42%				41%
Repurchased face amount					$ 11,800,000
Minimum qualified cash required	$ 30,000,000
Number of components | component		2
Fair value of equity component of debt		$ 279,600,000		279,600,000
Interest expense		7,200,000	$ 7,200,000
Amortization of the discount		3,200,000	2,900,000
Amortization of debt issuance costs		$ 0	$ 100,000
Effective interest rate (as a percent)		10.50%	10.50%
2027 Notes | Convertible debt | Period 1
Line of Credit Facility
Redemption rate	110%
Maximum repurchase amount	$ 100,000,000
Total gross leverage ratio	1.5
2027 Notes | Convertible debt | Period 2
Line of Credit Facility
Redemption rate	130%
Maximum repurchase amount	$ 99,400,000
Redemption term	4 years
2027 Notes | Fair Value, Inputs, Level 2 | Convertible debt
Line of Credit Facility
Debt fair value		$ 354,300,000		$ 353,700,000
Scenario, Plan | 2027 Notes | Convertible debt
Line of Credit Facility
Initial conversion rate (in shares) | shares	200
Conversion price (in usd per share) | $ / shares	$ 5

Debt - Senior Convertible Notes

Debt - Senior Convertible Notes due 2024 (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Line of Credit Facility
Long-term debt	$ 660,974	$ 695,642
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 - Pension Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Non-operating expenses:
Total non-operating (benefit) expense	$ (1,815)	$ (18,213)
Pension benefits
Operating expenses:
Service cost - benefits earned during the period	324	475
Non-operating expenses:
Interest cost on benefit obligations	21,201	18,649
Expected return on plan assets	(23,668)	(37,281)
Amortization of prior service benefit	16	0
Amortization of actuarial loss (gain)	540	20
Total non-operating (benefit) expense	(1,911)	(18,612)
Total (benefit) expense for retirement plans	(1,587)	(18,137)
Postretirement benefits
Operating expenses:
Service cost - benefits earned during the period	10	15
Non-operating expenses:
Interest cost on benefit obligations	632	451
Expected return on plan assets	0	0
Amortization of prior service benefit	0	0
Amortization of actuarial loss (gain)	(536)	(52)
Total non-operating (benefit) expense	96	399
Total (benefit) expense for retirement plans	$ 106	$ 414

Pensions and other postretire_4

Pensions and other postretirement benefit plans - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	21 Months Ended
	Mar. 31, 2023	Sep. 30, 2024
Gannett Retirement Plan
Defined Benefit Plan Disclosure
Current funding status	100%
Forecast | Gannett Retirement Plan
Defined Benefit Plan Disclosure
Defined benefit plan required funding status		100%
Expected future employer contributions, quarterly certification funding requirement		$ 1
Expected future employer contributions, quarterly certification funding requirement (maximum)		$ 5
Pension benefits
Defined Benefit Plan Disclosure
Contribution to the defined benefit plans	$ 0.3
Other Postretirement Benefits Plan
Defined Benefit Plan Disclosure
Contribution to the defined benefit plans	$ 1.9

Fair value measurement - Narrat

Fair value measurement - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets held for sale	$ 2.3	$ 8.4

Income taxes - Pre-tax Net Loss

Income taxes - Pre-tax Net Loss and Income Tax (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Loss before income taxes	$ (7,069)	$ (10,709)
Benefit for income taxes	$ (17,329)	$ (7,607)
Effective tax rate (percent)	245.10%	71%

Income taxes - Narrative (Detai

Income taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Estimated annual effective tax rate (percent)	273.30%	41.30%
Unrecognized tax benefits that would impact effective tax rate	$ 50.7		$ 43.3
Unrecognized tax benefits, accrued interest and penalties	$ 4.2		$ 3.9

Supplemental equity informati_3

Supplemental equity information - Income (Loss) Per Share (Basic and Diluted) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Equity [Abstract]
Net income (loss) attributable to Gannett	$ 10,344	$ (2,967)
Basic weighted average shares outstanding (in shares)	137,931	136,425
Effect of dilutive securities:
Restricted stock grants (in shares)	244	0
Diluted weighted average shares outstanding (in shares)	138,175	136,425
Income (loss) per share attributable to Gannett - basic (in dollars per share)	$ 0.07	$ (0.02)
Income (loss) per share attributable to Gannett - diluted (in dollars per share)	$ 0.07	$ (0.02)

Supplemental equity informati_4

Supplemental equity information - Computation of Diluted Income (Loss) Per Share (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Warrants
Share-based Compensation Arrangement by Share-based Payment Award
Antidilutive securities excluded from computation of diluted income per share (in shares)	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
Restricted stock grants
Share-based Compensation Arrangement by Share-based Payment Award
Antidilutive securities excluded from computation of diluted income per share (in shares)	4,840	12,403
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	97,057

Supplemental equity informati_5

Supplemental equity information - Narrative (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Stockholders Equity Note
Share-based compensation cost	$ 3.7	$ 3.4
Unrecognized compensation cost related to non-vested share-based compensation	$ 30
Weighted average period (in years)	2 years 1 month 28 days
2027 Notes
Stockholders Equity Note
Antidilutive securities excluded from computation of diluted income per share (in shares)	97,057	97,057
Restricted Stock Awards
Stockholders Equity Note
Granted (in shares)	4,700
Granted (in dollars per share)	$ 1.83
Restricted Stock Awards | Tranche One
Stockholders Equity Note
Vesting, percentage	33.30%
Restricted Stock Awards | Tranche Two
Stockholders Equity Note
Vesting, percentage	33.30%
Restricted Stock Awards | Tranche Three
Stockholders Equity Note
Vesting, percentage	33.30%
2027 Notes | Convertible debt
Stockholders Equity Note
Aggregate shares receivable upon conversion (shares)	287,200
Shares excluded from the income loss per share (shares)	287,200

Supplemental equity informati_6

Supplemental equity information - Preferred Stock and Stock Repurchase Program (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Feb. 01, 2022
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
Stock Repurchase Program
Class of Stock
Shares authorized for repurchase, value			$ 100
Repurchase of common stock (in shares)	0
Remaining authorized shares for share repurchase program	$ 96.9
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
	Mar. 31, 2023	Mar. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning balance	$ 295,742
Other comprehensive income (loss) before reclassifications, net of taxes	13,276	$ (8,367)
Amounts reclassified from accumulated other comprehensive (loss) income	14	(24)
Net current period other comprehensive income (loss), net of taxes	13,290	(8,391)
Ending balance	321,096
Amounts reclassified from accumulated other comprehensive (loss) income	6	8
Total
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning balance	(101,231)	59,998
Ending balance	(87,941)	51,607
Pension and postretirement benefit plans
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning balance	(86,351)	50,870
Other comprehensive income (loss) before reclassifications, net of taxes	6,939	(811)
Amounts reclassified from accumulated other comprehensive (loss) income	14	(24)
Net current period other comprehensive income (loss), net of taxes	6,953	(835)
Ending balance	(79,398)	50,035
Foreign currency translation
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning balance	(14,880)	9,128
Other comprehensive income (loss) before reclassifications, net of taxes	6,337	(7,556)
Amounts reclassified from accumulated other comprehensive (loss) income	0	0
Net current period other comprehensive income (loss), net of taxes	6,337	(7,556)
Ending balance	$ (8,543)	$ 1,572

Segment reporting - Narrative (

Segment reporting - Narrative (Details)	3 Months Ended
	Mar. 31, 2023 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
	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting Information
Total operating revenues	$ 668,917	$ 748,077
Adjusted EBITDA (non-GAAP basis)	$ 62,902	$ 64,171
Adjusted EBITDA margin (non-GAAP basis) (percent)	9.40%	8.60%
Advertising and marketing services
Segment Reporting Information
Total operating revenues	$ 340,847	$ 375,114
Circulation
Segment Reporting Information
Total operating revenues	241,285	288,602
Other
Segment Reporting Information
Total operating revenues	86,785	84,361
Operating Segments | Gannett Media
Segment Reporting Information
Total operating revenues	589,095	670,419
Adjusted EBITDA (non-GAAP basis)	$ 57,263	$ 68,648
Adjusted EBITDA margin (non-GAAP basis) (percent)	9.70%	10.20%
Operating Segments | Gannett Media | Advertising and marketing services
Segment Reporting Information
Total operating revenues	$ 228,030	$ 265,405
Operating Segments | Gannett Media | Circulation
Segment Reporting Information
Total operating revenues	241,285	288,602
Operating Segments | Gannett Media | Other
Segment Reporting Information
Total operating revenues	85,387	83,055
Operating Segments | Digital Marketing Solutions
Segment Reporting Information
Total operating revenues	112,817	109,709
Adjusted EBITDA (non-GAAP basis)	$ 11,683	$ 11,180
Adjusted EBITDA margin (non-GAAP basis) (percent)	10.40%	10.20%
Operating Segments | Digital Marketing Solutions | Advertising and marketing services
Segment Reporting Information
Total operating revenues	$ 112,817	$ 109,709
Operating Segments | Digital Marketing Solutions | Circulation
Segment Reporting Information
Total operating revenues	0	0
Operating Segments | Digital Marketing Solutions | Other
Segment Reporting Information
Total operating revenues	0	0
Corporate and other
Segment Reporting Information
Total operating revenues	1,398	1,306
Adjusted EBITDA (non-GAAP basis)	(6,044)	(15,657)
Corporate and other | Advertising and marketing services
Segment Reporting Information
Total operating revenues	0	0
Corporate and other | Circulation
Segment Reporting Information
Total operating revenues	0	0
Corporate and other | Other
Segment Reporting Information
Total operating revenues	1,398	1,306
Intersegment Eliminations
Segment Reporting Information
Total operating revenues	(34,393)	(33,357)
Intersegment Eliminations | Advertising and marketing services
Segment Reporting Information
Total operating revenues	(34,393)	(33,357)
Intersegment Eliminations | Gannett Media | Advertising and marketing services
Segment Reporting Information
Total operating revenues	$ 34,393	$ 33,357

Segment reporting - Reconciliat

Segment reporting - Reconciliation of EBITDA to Operating Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting [Abstract]
Net income (loss) attributable to Gannett	$ 10,344	$ (2,967)
Benefit for income taxes	(17,329)	(7,607)
Interest expense	28,330	26,006
(Gain) loss on early extinguishment of debt	(496)	2,743
Non-operating pension income	(1,815)	(18,213)
Depreciation and amortization	43,698	47,783
Integration and reorganization costs	12,127	11,398
Other operating expenses	229	1,102
Asset impairments	5	854
Gain on sale or disposal of assets, net	(17,681)	(2,804)
Share-based compensation expense	3,736	3,393
Other items	1,754	2,483
Adjusted EBITDA (non-GAAP basis)	$ 62,902	$ 64,171
Net income (loss) attributable to Gannett margin (percent)	1.50%	(0.40%)
Adjusted EBITDA margin (non-GAAP basis) (percent)	9.40%	8.60%

Other supplemental informatio_2

Other supplemental information - cash, cash equivalents and restricted cash (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 83,074	$ 94,255	$ 152,191
Restricted cash included in other current assets	1,275		1,105
Restricted cash included in pension and other assets	9,275		11,722
Total cash, cash equivalents and restricted cash	$ 93,624	$ 104,804	$ 165,018	$ 143,619

Other supplemental informatio_3

Other supplemental information - cash flow information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash paid for taxes, net of refunds	$ 953	$ 846
Cash paid for interest	10,499	7,531
Non-cash investing and financing activities:
Accrued capital expenditures	$ 342	$ 1,160

Other supplemental informatio_4

Other supplemental information - Accounts payable and accrued liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounts payable	$ 154,859	$ 189,094
Compensation	60,241	87,937
Taxes (primarily property, sales, and payroll taxes)	12,373	11,940
Benefits	19,482	21,942
Interest	18,227	6,162
Other	39,730	34,773
Accounts payable and accrued liabilities	$ 304,912	$ 351,848