Pay vs Performance Disclosure - USD ($) | 12 Months Ended |
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Pay vs Performance Disclosure | | | | |
Pay vs Performance Disclosure, Table | Year Summary Compensation Table Total for PEO (1) Compensation "Actually Paid" to PEO (2) Average Summary Compensation Table Total for non-PEO NEOs (3) Average Compensation "Actually Paid" to non-PEO NEOs (4) Value of Initial Fixed $100 Investment Based On: Net Income (7) (in thousands) Adjusted EBITDA (8) (non-GAAP) (in thousands) Company TSR (5) Peer Group TSR (5)(6) 2023 $3,862,232 $2,599,487 $2,498,242 $2,742,587 $36.05 $152.01 ($27,894) $267,683 2022 $3,379,449 ($4,562,882) $2,198,124 $572,427 $31.82 $113.62 ($78,255) $257,283 2021 $7,741,052 $12,327,052 $1,753,698 $2,678,593 $83.54 $149.49 ($136,171) $433,712 2020 — — $3,185,057 $2,100,096 $52.66 $120.71 ($672,397) $413,895 | | | |
Company Selected Measure Name | Adjusted EBITDA | | | |
Named Executive Officers, Footnote | Reflects compensation for Michael Reed, our Chief Executive Officer, for 2023, 2022 and 2021 as reported in the Summary Compensation Table for the applicable year. For 2020, our Chief Executive Officer was an employee of, and was compensated exclusively by our former manager and our former manager did not disclose to our Board the compensation paid to him. The PEO received a special inducement equity award at the start of his employment by the Company in 2021. Reflects the average compensation for the non-PEO NEOs in each respective year based on compensation amounts reported in the Summary Compensation Table for the applicable year. Douglas Horne was the only non-PEO NEO for 2023, 2022 and 2021. The non-PEO NEOs for 2020 were Paul Bascobert, Alison Engel, and Douglas Horne. | | | |
Peer Group Issuers, Footnote | The peer group used for this purpose is the S&P 1500 Publishing & Printing index. | | | |
PEO Total Compensation Amount | $ 3,862,232 | $ 3,379,449 | $ 7,741,052 | |
PEO Actually Paid Compensation Amount | $ 2,599,487 | (4,562,882) | 12,327,052 | |
Adjustment To PEO Compensation, Footnote | The dollar amounts reported in this column represent the amount of compensation "actually paid" to the PEO in 2023, 2022 and 2021 as computed in accordance with the SEC's pay versus performance disclosure rules. The dollar amounts do not necessarily reflect the actual amount of compensation earned by or paid to the PEO during the applicable fiscal year. The following table provides additional information as to the amounts deducted from and added to the Summary Compensation Table Total for PEO pursuant to the SEC's rules to determine Compensation "Actually Paid" to PEO: PEO 2023 Summary Compensation Table Total for PEO $3,862,232 Adjustments: Deduct: Grant date fair value of equity awards granted during fiscal year as reported in the Summary Compensation Table $1,697,623 Add: Fair value of equity awards granted in current fiscal year – value at year-end $2,078,510 Add: Change in fair value from end of prior fiscal year to end of current fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year $58,345 Add: Change in fair value from end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during current fiscal year $19,463 Deduct: Fair value of equity awards that were cancelled in current fiscal year - value at prior fiscal year-end $1,721,440 Compensation "Actually Paid" to PEO $2,599,487 | | | |
Non-PEO NEO Average Total Compensation Amount | $ 2,498,242 | 2,198,124 | 1,753,698 | $ 3,185,057 |
Non-PEO NEO Average Compensation Actually Paid Amount | $ 2,742,587 | 572,427 | 2,678,593 | 2,100,096 |
Adjustment to Non-PEO NEO Compensation Footnote | The dollar amounts reported in this column represent the average amount of compensation "actually paid" to the non-PEO NEOs in each respective year, as computed in accordance with the SEC's pay versus performance disclosure rules. The dollar amounts do not necessarily reflect the actual average amount of compensation earned by or paid to the non-PEO NEOs during the applicable fiscal year. The following table provides additional information as to the amounts deducted from and added to the Average Summary Compensation Table Total for non-PEO NEOs pursuant to the SEC's rules to determine Average Compensation "Actually Paid" to non-PEO NEOs: Other non-PEO NEOs (Average) 2023 Summary Compensation Table Total for non-PEO NEOs $2,498,242 Adjustments: Deduct: Grant date fair value of equity awards granted during fiscal year as reported in Summary Compensation Table $640,873 Add: Fair value of equity awards granted in current fiscal year – value at year-end $787,097 Add: Change in fair value from end of prior fiscal year to end of current fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year $58,689 Add: Change in fair value from end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during current fiscal year $39,432 Compensation "Actually Paid" to non-PEO NEOs $2,742,587 | | | |
Compensation Actually Paid vs. Total Shareholder Return | | | | |
Compensation Actually Paid vs. Net Income | | | | |
Compensation Actually Paid vs. Company Selected Measure | | | | |
Total Shareholder Return Vs Peer Group | | | | |
Tabular List, Table | • Adjusted EBITDA • Digital Revenues • Total Stockholder Return | | | |
Total Shareholder Return Amount | $ 36.05 | 31.82 | 83.54 | 52.66 |
Peer Group Total Shareholder Return Amount | 152.01 | 113.62 | 149.49 | 120.71 |
Net Income (Loss) | $ (27,894,000) | $ (78,255,000) | $ (136,171,000) | $ (672,397,000) |
Company Selected Measure Amount | 267,683,000 | 257,283,000 | 433,712,000 | 413,895,000 |
PEO Name | Michael Reed | Michael Reed | Michael Reed | |
Additional 402(v) Disclosure | Total Stockholder Return, or TSR, is cumulative for the measurement periods beginning on December 31, 2019, and ending on December 31 of each respective year, calculated in accordance with Item 201(e) of Regulation S-K. Reflects Net Income (loss) as reported in the Company's Consolidated Statements of Operations and Comprehensive Income (loss) included in the Company's Annual Reports on Form 10-K for the year ended December 31, 2023. Net Income includes amounts attributable to non-controlling interests. | | | |
Measure:: 1 | | | | |
Pay vs Performance Disclosure | | | | |
Name | Adjusted EBITDA | | | |
Non-GAAP Measure Description | The Adjusted EBITDA measure was utilized for both our short-term incentive compensation program, as well as for setting goals for performance-based long-term incentives. We reconcile Adjusted EBITDA to Net income (loss) attributable to Gannett, which excludes amounts attributable to non-controlling interests. Refer to Appendix A of this proxy statement for our definition of Adjusted EBITDA, as well as a reconciliation of Adjusted EBITDA to the most directly comparable U.S. GAAP measure, which is Net loss attributable to Gannett. | | | |
Measure:: 2 | | | | |
Pay vs Performance Disclosure | | | | |
Name | Digital Revenues | | | |
Measure:: 3 | | | | |
Pay vs Performance Disclosure | | | | |
Name | Total Stockholder Return | | | |
PEO | Grant Date Fair Value Of Equity Awards Granted During Fiscal Year As Reported In The Summary Compensation Table [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | $ 1,697,623 | | | |
PEO | Fair Value Of Equity Awards Granted In Current Year Value At Year End [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 2,078,510 | | | |
PEO | Change In Fair Value From End Of Prior Fiscal Year To End Of Current Fiscal Year For Awards Made In Prior Fiscal Years That Were Unvested At End Of Current Fiscal Year [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 58,345 | | | |
PEO | Change In Fair Value From End Of Prior Fiscal Year To Vesting Date For Awards Made In Prior Fiscal Years That Vested During Current Fiscal Year [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 19,463 | | | |
PEO | Fair Value Of Equity Awards That Were Cancelled In Current Fiscal Year Value At Prior Fiscal Year End [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 1,721,440 | | | |
Non-PEO NEO | Grant Date Fair Value Of Equity Awards Granted During Fiscal Year As Reported In The Summary Compensation Table [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 640,873 | | | |
Non-PEO NEO | Fair Value Of Equity Awards Granted In Current Year Value At Year End [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 787,097 | | | |
Non-PEO NEO | Change In Fair Value From End Of Prior Fiscal Year To End Of Current Fiscal Year For Awards Made In Prior Fiscal Years That Were Unvested At End Of Current Fiscal Year [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 58,689 | | | |
Non-PEO NEO | Change In Fair Value From End Of Prior Fiscal Year To Vesting Date For Awards Made In Prior Fiscal Years That Vested During Current Fiscal Year [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | $ 39,432 | | | |