Gannett 10-Q 6 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 02, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	Gannett Co., Inc.
Entity Central Index Key	0001635718
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock Shares Outstanding		114,520,008
Trading Symbol	GCI

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Current assets
Cash and cash equivalents	$ 89,380	$ 93,559
Accounts receivable, net of allowance for doubtful accounts of $10,126 and $11,088	294,442	343,617
Other current assets	147,849	143,385
Total current assets	531,671	580,561
Property, plant and equipment, at cost net of accumulated depreciation of $1,351,392 and $1,412,531	770,738	796,009
Operating lease assets	258,693
Goodwill	783,897	779,597
Intangible assets, net	160,707	170,344
Deferred Income Tax Assets, Net	42,241	51,039
Other assets	112,247	100,861
Total assets	2,660,194	2,478,411
Current liabilities
Accounts payable and accrued liabilities	320,620	387,003
Deferred revenue	119,080	117,083
Other current liabilities	89,782	47,482
Total current liabilities	529,482	551,568
Postretirement medical and life insurance liabilities	66,721	69,938
Pension liabilities	309,919	319,084
Long-term portion of revolving credit facility	130,000	135,000
Convertible debt	170,538	169,264
Long-term operating lease liabilities	267,630
Other noncurrent liabilities	147,182	198,451
Total liabilities	1,621,472	1,443,305
Equity
Preferred stock of $0.01 par value per share, 5,000,000 shares authorized, none issued	0	0
Common stock of $0.01 par value per share, 500,000,000 shares authorized, 120,216,140 and 118,875,977 shares issued	1,202	1,189
Treasury stock at cost, 5,750,000 shares	(50,046)	(50,046)
Additional paid-in capital	1,822,967	1,822,094
Retained earnings (deficit)	(138,225)	(121,435)
Accumulated other comprehensive loss	(597,176)	(616,696)
Total equity	1,038,722	1,035,106
Total liabilities and equity	$ 2,660,194	$ 2,478,411

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 10,126	$ 11,088
Accumulated depreciation	$ 1,351,392	$ 1,412,531
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized shares	5,000,000	5,000,000
Preferred stock, issued shares	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized shares	500,000,000	500,000,000
Common stock, issued shares	120,216,140	118,875,977
Common stock, shares outstanding	114,466,140	113,125,977
Treasury stock, shares	5,750,000	5,750,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Operating revenues:
Total operating revenues	$ 663,425	$ 722,951
Operating expenses:
Cost of sales	411,164	456,984
Selling, general and administrative expenses	200,102	212,999
Depreciation and amortization	37,045	40,252
Restructuring costs	20,959	9,299
Asset impairment charges	529	3,756
Total operating expenses	669,799	723,290
Operating loss	(6,374)	(339)
Non-operating income (expense):
Interest expense	(6,965)	(4,478)
Other non-operating items, net	2,148	(4,311)
Non-operating expense	(9,113)	(167)
Loss before income taxes	(15,487)	(506)
Benefit for income taxes	(3,582)	(129)
Net loss	$ (11,905)	$ (377)
Loss per share – basic (in dollars per share)	$ (0.10)	$ 0
Loss per share – diluted (in dollars per share)	$ (0.10)	$ 0
Advertising and marketing services
Operating revenues:
Total operating revenues	$ 365,235	$ 410,312
Circulation
Operating revenues:
Total operating revenues	252,727	266,586
Other
Operating revenues:
Total operating revenues	$ 45,463	$ 46,053

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Net loss	$ (11,905)	$ (377)
Other comprehensive income, before tax:
Foreign currency translation adjustments	13,057	19,374
Pension and other postretirement benefit items:
Amortization of prior service credit, net	(1,336)	(404)
Amortization of actuarial loss	15,797	15,476
Other	(5,283)	(13,417)
Pension and other postretirement benefit items	9,178	1,655
Other comprehensive income, before tax	22,235	21,029
Income tax effect related to components of other comprehensive income	(2,715)	(1,154)
Other comprehensive income, net of tax	19,520	19,875
Comprehensive income	$ 7,615	$ 19,498

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Operating activities:
Net loss	$ (11,905)	$ (377)
Adjustments to reconcile net loss to net cash flow from operating activities:
Depreciation and amortization	37,045	40,252
Restructuring costs	11,086	2,734
Asset impairment charges	529	3,756
Pension and other postretirement expenses, net of contributions	(9,178)	(16,372)
Stock-based compensation	5,084	4,652
Change in other assets and liabilities, net	4,878	30,508
Net cash provided by operating activities	37,539	65,153
Investing activities:
Capital expenditures	(12,583)	(13,548)
Payments for investments	(137)	(2,000)
Proceeds from sale of certain assets	985	3,596
Changes in other investing activities	0	3,929
Net cash used for investing activities	(11,735)	(8,023)
Financing activities:
Dividends paid	(18,326)	(18,057)
Payments for employee taxes withheld from stock awards	(1,502)	(2,697)
Proceeds from borrowings under revolving credit agreement	15,000	0
Repayments of borrowings under revolving credit agreement	(20,000)	(50,000)
Proceeds from sale and leaseback transaction		37,719
Deferred payments for acquisitions	(4,853)	0
Changes in other financing activities	117	(8)
Net cash used for financing activities	(29,564)	(33,043)
Effect of currency exchange rate change on cash	327	1,157
Increase (decrease) in cash and cash equivalents and restricted cash	(3,433)	25,244
Balance of cash, cash equivalents, and restricted cash at beginning of period	116,861	144,032
Balance of cash, cash equivalents, and restricted cash at end of period	113,428	169,276
Supplemental cash flow information:
Cash paid for taxes, net of refunds	(1,170)	687
Cash paid for interest	1,720	3,132
Non-cash investing and financing activities:
Accrued capital expenditures	$ 540	$ 2,864

Basis of presentation and summa

Basis of presentation and summary of significant accounting policies	3 Months Ended
	Mar. 31, 2019
Basis of Presentation and Significant Accounting Policies [Abstract]
Basis of presentation and summary of significant accounting policies	NOTE 1 — Basis of presentation and summary of significant accounting policies Description of business: Gannett Co., Inc. is an innovative, digitally focused media and marketing solutions company committed to defining, strengthening, and growing our communities through digital engagement while also serving as a trusted, comprehensive digital marketing partner to local and national businesses. Gannett owns ReachLocal, Inc., a digital marketing solutions company, the USA TODAY NETWORK (made up of USA TODAY and 109 local media organizations in 34 states in the U.S. and Guam, including digital sites and affiliates), and Newsquest (a wholly owned subsidiary operating in the United Kingdom with more than 150 local media brands). Through the USA TODAY NETWORK and Newsquest, Gannett delivers high-quality, trusted content where and when consumers want to engage with it on virtually any device or platform. Basis of presentation: Our condensed consolidated financial statements are unaudited; however, in the opinion of management, they contain all of the adjustments (consisting of those of a normal recurring nature) considered necessary to present fairly the financial position, results of operations and cash flows for the periods presented in conformity with U.S. generally accepted accounting principles (U.S. GAAP) applicable to interim periods. All intercompany accounts have been eliminated in consolidation. The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2018 . Beginning in the second quarter of 2018 , we realigned the presentation of web presence and software-as-a-service revenues from other revenues to advertising and marketing services revenues on the Condensed consolidated statements of income (loss) . As a result of this updated presentation, advertising and marketing services revenues increased and other revenues decreased $10.8 million for the three months ended March 31, 2018 . Operating revenues, net income, retained earnings, and earnings per share remained unchanged. Use of estimates: The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates, judgments, and assumptions that affect the amounts reported in the unaudited condensed consolidated financial statements and footnotes thereto. Actual results could differ from those estimates. Significant estimates and judgments inherent in the preparation of financial statements include accounting for income taxes, pension and other post-employment benefits, allowances for doubtful accounts, stock-based compensation, depreciation and amortization, business combinations, litigation matters, contingencies and the valuation of long-lived and intangible assets. Cash and cash equivalents, including restricted cash: Cash equivalents consist of investments with original maturities of three months or less. Restricted cash primarily consists of cash held in an irrevocable grantor trust for our deferred compensation plans and cash held with banking institutions for insurance plans. The restrictions will lapse when benefits are paid to plan participants and their beneficiaries as specified in the plans. The following table presents a reconciliation of cash, cash equivalents, and restricted cash: March 31, In thousands 2019 2018 Cash and cash equivalents $ 89,380 $ 145,859 Restricted cash included in other current assets 3,593 3,189 Restricted cash included in investments and other assets 20,455 20,228 Total cash, cash equivalents, and restricted cash $ 113,428 $ 169,276 Leases: We determine if an arrangement is a lease at inception. Operating leases are included in operating lease assets, other current liabilities, and long-term operating lease liabilities on our Condensed consolidated balance sheets . Operating lease right-of-use (ROU) assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. The rates implicit within the Company's leases are generally not determinable, therefore, the Company used judgment to determine the incremental borrowing rate used to determine the present value of lease payments. The incremental borrowing rate for each lease is primarily based on publicly-available information for companies within the same industry and with similar credit profiles and adjusted for the impact of collateralization, the lease term and other specific terms included in the Company’s lease arrangements. ROU assets are assessed for impairment in accordance with the Company’s accounting policy for long-lived assets. Our lease terms include options to extend or terminate. The period which is subject to an option to extend the lease is included in the lease term if it is reasonably certain that the option will be exercised. The period which is subject to an option to terminate the lease is included if it is reasonably certain that the option will not be exercised. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. For certain equipment leases, we apply a portfolio approach to account for the operating lease ROU assets and liabilities. New accounting pronouncements adopted: The following are new accounting pronouncements that we adopted in the first quarter of 2019 : Leases: On January 1, 2019, the Company adopted ASU 2016-02 utilizing the modified retrospective transition method by recognizing a cumulative-effect adjustment to the opening balance of retained earnings. We elected the package of practical expedients permitted under the transition guidance within the new standard, which allows us to carry forward 1) our historical lease classification, 2) our assessment on whether a contract is or contains a lease, and 3) our treatment of initial direct costs for any leases that exist prior to adoption of the new standard. We have also elected to combine lease and non-lease components and to keep leases with an initial term of 12 months or less off the balance sheet and recognize the associated lease payments in the consolidated statements of income on a straight-line basis over the lease term. We did not elect to apply the hindsight practical expedient when determining the lease term and assessing impairment of right-of-use assets. As a result of adopting the new standard, we recorded a one-time adjustment to beginning retained earnings of $13.4 million , consisting primarily of the recognition of deferred gains on sale-leaseback transactions, which are no longer deferred under the new guidance, net of the deferred tax impact. Based on the present value of the lease payments for the remaining lease term of the Company's existing leases, we recognized net right-of-use assets of approximately $268.9 million and lease liabilities for operating leases of approximately $317.4 million on January 1, 2019. The standard did not materially impact our Condensed consolidated statements of income (loss) or Condensed consolidated statements of cash flows . Refer to Note 3 — Leases for further details on the company's leases. Compensation—Stock Compensation: In June 2018, the FASB issued new guidance which expands the scope of share based compensation accounting by applying, with limited exceptions, the specific requirements of employee stock compensation to the accounting for non-employee awards granted in exchange for goods and services. Adopting this guidance did not have a material impact on our consolidated financial statements. New accounting pronouncements not yet adopted: The following are new accounting pronouncements that we are evaluating for future impacts on our financial statements: Intangibles—Internal-Use Software: In August 2018, the FASB issued new guidance which aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software and hosting arrangements that include an internal-use software license. This guidance is effective for fiscal years beginning after December 15, 2019. Early adoption is permitted, including adoption in any interim period. We are evaluating the provisions of the updated guidance and assessing the impact on our consolidated financial statements. Fair Value Measurement—Disclosure Framework: In August 2018, the FASB issued new guidance that changes disclosure requirements related to fair value measurements as part of the disclosure framework project. The disclosure framework project aims to improve the effectiveness of disclosures in the notes to the financial statements by focusing on requirements that clearly communicate the most important information to users of the financial statements. This guidance is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. We are evaluating the provisions of the updated guidance and assessing the impact on our consolidated financial statements. Compensation—Retirement Plans: In August 2018, the FASB issued new guidance that changes disclosures related to defined benefit pension and other postretirement benefit plans as part of the disclosure framework project. This guidance is effective for fiscal years beginning after December 15, 2020, with early adoption permitted. We are evaluating the provisions of the updated guidance and assessing the impact on our consolidated financial statements. Financial Instruments—Credit Losses: In June 2016, the FASB issued new guidance which amends the principles around the recognition of credit losses by mandating entities incorporate an estimate of current expected credit losses when determining the value of certain assets. The guidance also amends reporting around allowances for credit losses on available-for-sale marketable securities. This guidance is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. We are evaluating the provisions of the updated guidance and assessing the impact on our consolidated financial statements.

Revenues

Revenues	3 Months Ended
	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenues	NOTE 2 — Revenues Our revenues are recognized when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. Additionally, sales and usage-based taxes are excluded from revenues. The following table presents our revenues disaggregated by source: Three months ended March 31, In thousands 2019 2018 Print advertising $ 186,192 $ 225,826 Digital advertising and marketing services 179,043 184,486 Total advertising and marketing services 365,235 410,312 Circulation 252,727 266,586 Other 45,463 46,053 Total revenues $ 663,425 $ 722,951 Additionally, approximately 13% of our revenues are generated from international locations. Deferred revenue: Amounts received from customers in advance of revenue recognition are deferred as liabilities. The following table presents changes in the deferred revenue balance for the three months ended March 31, 2019 by type of revenue: In thousands Advertising and Other Circulation Total Beginning balance $ 35,742 $ 81,341 $ 117,083 Cash receipts 70,730 207,726 278,456 Revenue recognized (69,912 ) (206,547 ) (276,459 ) Ending balance $ 36,560 $ 82,520 $ 119,080 The company’s primary source of deferred revenue is from circulation subscriptions paid in advance of the service provided. The majority of our subscription customers are billed and pay on monthly terms, but subscription periods can last between one and twelve months. The remaining deferred revenue balance relates to advertising and other revenue. The $2.0 million increase in deferred revenue as compared to the year ended December 31, 2018 is primarily the result of the timing associated with our prepaid subscriptions.

Leases

Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	NOTE 3 — Leases We lease certain real estate, vehicles, and equipment. Our leases have remaining lease terms of 1 to 16 years, some of which may include options to extend the leases, and some of which may include options to terminate the leases. The exercise of lease renewal options is at our sole discretion. The depreciable lives of assets and leasehold improvements are limited by the expected lease term unless there is a transfer of title or purchase option reasonably certain of exercise. As of March 31, 2019, our Condensed consolidated balance sheets include $ 258.7 million of operating lease right-to use assets, $ 37.6 million of short-term operating lease liabilities, included in Other current liabilities , and $ 267.6 million of long-term operating lease liabilities. The components of lease expense for the three months ended March 31, 2019 were as follows: In thousands Operating lease cost (a) $ 16,983 Short-term lease cost, excluding expenses relating to leases with a lease term of one month or less 479 Net lease cost $ 17,462 (a) Net of sublease income, which is immaterial. Future minimum lease payments under non-cancellable leases as of March 31, 2019 are as follows: In thousands Year Ending December 31, (a) 2019 (excluding the three months ended March 31, 2019) $ 40,367 2020 53,741 2021 48,353 2022 44,535 2023 37,297 Thereafter 191,460 Total future minimum lease payments 415,753 Less: Imputed interest 110,545 Total $ 305,208 (a) Operating lease payments exclude $4.4 million of legally binding minimum lease payments for leases signed but not yet commenced. Other information related to leases, all of which are operating leases, for the three months ended March 31, 2019 were as follows: In thousands, except lease term and discount rate Supplemental cash flow information Cash paid for amounts included in the measurement of lease liabilities $ 18,475 Right-of-use assets obtained in exchange for lease obligations $ 9,300 Weighted-average remaining lease term (in years) 9.1 Weighted-average discount rate 6.7 %

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2019
Business Combinations [Abstract]
Acquisitions	NOTE 4 — Acquisitions WordStream: In July 2018 , our ReachLocal segment completed the acquisition of WordStream, a provider of cloud-based software-as-a-service solutions for local and regional businesses and agencies, for approximately $132.5 million , net of cash acquired. In addition, up to $20.0 million of additional consideration is payable quarterly beginning in the fourth quarter of 2018 through the fourth quarter of 2019 based upon the achievement of certain revenue targets. The fair value of the contingent consideration at the acquisition date was $9.5 million . Based on WordStream's revenue results, the fair value of the remaining contingent consideration as of March 31, 2019 was estimated at $4.3 million and is included within Other current liabilities on the Condensed consolidated balance sheets . We financed the transaction through borrowings under our Credit Facility and cash on hand. The allocation of the purchase price is preliminary pending the finalization of the fair value of the acquired net assets and liabilities assumed, deferred income taxes, and assumed income and non-income based tax liabilities. As of the acquisition date, the purchase price was assigned to the acquired assets and assumed liabilities as follows: In thousands Cash and restricted cash acquired $ 20,954 Other current assets 9,159 Property, plant and equipment 1,072 Developed technology 63,030 Customer relationships 21,420 Trade names 1,105 Goodwill 67,483 Total assets acquired 184,223 Current liabilities 3,987 Noncurrent liabilities 17,303 Total liabilities assumed 21,290 Net assets acquired $ 162,933 Acquired property, plant, and equipment is depreciated on a straight-line basis over the assets' respective estimated remaining useful lives. Goodwill is calculated as the excess of the consideration transferred over the fair value of the identifiable net assets acquired and represents the future economic benefits expected to arise from other intangible assets acquired that do not qualify for separate recognition, including assembled workforce and non-contractual relationships as well as expected future synergies. Goodwill associated with the acquisition of WordStream is allocated to the ReachLocal segment. We do not expect the purchase price allocated to goodwill and intangibles to be deductible for tax purposes.

Restructuring activities and as

Restructuring activities and asset impairment charges	3 Months Ended
	Mar. 31, 2019
Restructuring and Related Activities [Abstract]
Restructuring activities and asset impairment charges	NOTE 5 — Restructuring activities and asset impairment charges In response to the transition of our business to a digitally led model, we have engaged in a series of individual restructuring programs designed to right size our employee base, consolidate facilities, and improve operations. Facility consolidation and other cost savings plans led us to recognize severance-related expenses, facility consolidation charges, accelerated depreciation, and asset impairment charges. As part of our plans, we are selling certain assets which we have classified as held-for-sale and for which we have reduced the carrying values to equal the fair values less costs to dispose. Severance-related expenses: We recorded severance-related expenses by segment as follows: Three months ended March 31, In thousands 2019 2018 Publishing $ 7,160 $ 5,628 ReachLocal 20 539 Corporate and Other 2,693 398 Total $ 9,873 $ 6,565 The activity and balance of the severance-related liabilities for the three months ended March 31, 2019 are as follows: In thousands Beginning balance $ 32,974 Expense 9,873 Payments (29,421 ) Ending balance $ 13,426 Facility consolidation charges and accelerated depreciation: We recorded facility consolidation charges by segment as follows: Three months ended March 31, In thousands 2019 2018 Publishing $ 1,646 $ 2,649 ReachLocal 120 — Corporate and Other 37 85 Total $ 1,803 $ 2,734 We incurred accelerated depreciation of $1.7 million and $5.2 million for the three months ended March 31, 2019 and 2018 , respectively, which is included in depreciation expense. These expenses were related to the publishing segment. Asset impairment charges: We recorded charges for asset impairments of $0.5 million and $3.8 million for the three months ended March 31, 2019 and 2018 , respectively, which consisted entirely of impairment charges for property, plant, and equipment related to the publishing segment. Sale of property: In February 2018 , we sold property in Nashville, Tennessee and entered into a 15 -month rent-free leaseback agreement. The sale generated proceeds of approximately $41.8 million and is accounted for under the financing method. The property, which has a net book value of approximately $11.3 million as of March 31, 2019 , remains on our Condensed consolidated balance sheets and will continue to be depreciated until the lease terminates. We recorded the financing liability within Other noncurrent liabilities in the Condensed consolidated balance sheets . The sale, along with any related gain, will be recognized when the lease terminates. In December 2018 , we sold property in Phoenix, Arizona and entered into a 7 -year leaseback agreement. The sale generated proceeds of approximately $33.9 million . We recorded a total deferred gain of $13.2 million at December 31, 2018 , $1.9 million of which was within Other current liabilities and $11.3 million of which was within Other noncurrent liabilities on the Condensed consolidated balance sheets . This deferred gain was recognized in retained earnings as of January 1, 2019 upon adoption of the new leasing standard. Refer to Note 1 — Basis of presentation and summary of significant accounting policies for further details.

Debt

Debt	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Debt	NOTE 6 — Debt Revolving credit facility: We maintain a secured revolving credit facility pursuant to which we may borrow from time to time up to an aggregate principal amount of $500.0 million (Credit Facility). The Credit Facility, which matures on June 29, 2020, allows us to borrow at an applicable margin above the Eurodollar base rate (LIBOR loan) or the higher of the Prime Rate, the Federal Funds Effective Rate plus 0.50% , or the one month LIBOR rate plus 1.00% (ABR loan). Up to $50.0 million of the Credit Facility is available for issuance of letters of credit. The Credit Facility includes several covenants, all of which we complied with as of March 31, 2019 . As of March 31, 2019 , we had $130.0 million in outstanding borrowings under the Credit Facility and $23.1 million of letters of credit outstanding, leaving $346.9 million of availability remaining. Convertible debt: On April 9, 2018 , we completed an offering of 4.75% convertible senior notes, resulting in total aggregate principal of $201.3 million and net proceeds of approximately $195.3 million . The notes mature on April 15, 2024 with our earliest redemption date being April 15, 2022. The stated conversion rate of the notes is 82.4572 shares per $1,000 in principal or approximately $12.13 per share. The $201.3 million principal value of the notes was bifurcated into debt and equity components. The $171.1 million liability component is measured at fair value using the present value of its cash flows at a discount rate of 7.91% and is reported as convertible debt in the Condensed consolidated balance sheets . The residual amount of $30.2 million is recorded within additional paid-in capital in the equity section of the Condensed consolidated balance sheets . $6.3 million of debt issuance costs were allocated between liabilities and equity in proportion to the allocation of the principal value of the notes, with $5.4 million allocated to liabilities and $0.9 million allocated to equity. These debt issuance costs will be amortized over the 6 -year contractual life of the notes. The unamortized discount totaled $26.2 million as of March 31, 2019 , which will be amortized over the remaining contractual life of the notes. For the three months ended March 31, 2019 , interest expense was $2.4 million , amortization of debt issuance costs was $0.2 million , and amortization of the discount was $1.0 million . The effective interest rate on the liability component of the notes was 7.91% as of March 31, 2019 . For the three months ended March 31, 2019 , no shares were issued upon conversion, exercise, or satisfaction of the required conditions because no conversion triggers were met during the period. Refer to Note 12 — Earnings (loss) per share for details on the convertible debt's impact to diluted earnings per share under the treasury stock method.

Pensions and other postretireme

Pensions and other postretirement benefit plans	3 Months Ended
	Mar. 31, 2019
Retirement Benefits [Abstract]
Pensions and other postretirement benefit plans	NOTE 7 — Pensions and other postretirement benefit plans We, along with our subsidiaries, have various defined benefit retirement plans, including plans established under collective bargaining agreements. Our retirement plans include the Gannett Retirement Plan (GRP), Newsquest and Romanes Pension Schemes in the U.K. (U.K. Pension Plans), and other defined benefit 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: Three months ended March 31, 2019 2018 In thousands Pension OPEB Pension OPEB Operating expenses: Service cost - Benefits earned during the period $ 429 $ 32 $ 602 $ 55 Non-operating expenses: Interest cost on benefit obligation 25,696 782 25,421 783 Expected return on plan assets (36,534 ) — (44,549 ) — Amortization of prior service cost (benefit) (524 ) (812 ) 479 (883 ) Amortization of actuarial loss (gain) 16,027 (230 ) 15,381 95 Curtailments — 192 — — Other — (1,018 ) — — Total non-operating expenses (credit) $ 4,665 $ (1,086 ) $ (3,268 ) $ (5 ) Total expense (benefit) for retirement plans $ 5,094 $ (1,054 ) $ (2,666 ) $ 50 During the three months ended March 31, 2019 , we contributed $10.1 million and $3.1 million to our pension and other post-retirement plans, respectively. Multi-employer plans that provide pension benefits: During the three months ended March 31, 2019 , we incurred $9.3 million in Restructuring costs on the Condensed consolidated statements of income (loss) associated with the assessment by the CWA/ITU Negotiated Pension Plan of the Company's share of unfunded benefits due to the Company's partial withdrawal as a result of restructuring activities. As of March 31, 2019 , we had pension withdrawal liabilities of $3.6 million included in Current liabilities and $39.9 million included in Other noncurrent liabilities on the Condensed consolidated balance sheets .

Income taxes

Income taxes	3 Months Ended
	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income taxes	NOTE 8 — Income taxes The following table outlines our pre-tax net loss and income tax amounts: Three months ended March 31, In thousands 2019 2018 Pre-tax net loss $ (15,487 ) $ (506 ) Income tax benefit (3,582 ) (129 ) Effective tax rate 23.1 % 25.5 % Our reported effective income tax rate on pre-tax loss was 23.1% compared to 25.5% on pre-tax loss for the three months ended March 31, 2019 and 2018 , respectively. In the case of pre-tax losses, favorable permanent differences such as impacts related to the release of tax reserves have the effect of increasing the tax benefit which, in turn, increases the effective tax rate as compared to the statutory rate. The lower effective tax rate for the three months ended March 31, 2019 as compared to the same period in 2018 was primarily due to the proportionate impact of tax expense and benefit recognized discretely for share-based compensation. The total amount of unrecognized tax benefits that, if recognized, would impact the effective tax rate was approximately $22.1 million as of March 31, 2019 and $22.5 million as of December 31, 2018 . The amount of accrued interest and penalties payable related to unrecognized tax benefits was $1.4 million as of March 31, 2019 and $1.2 million as of December 31, 2018 . It is reasonably possible that the amount of unrecognized benefits with respect to certain of our unrecognized tax positions will increase or decrease within the next 12 months. These changes may be the result of settlement of ongoing audits, lapses of statutes of limitations, or other regulatory developments. At this time, we estimate the amount of gross unrecognized tax positions may be reduced by up to approximately $0.7 million within the next 12 months primarily due to lapses of statutes of limitations and settlements of ongoing audits in various jurisdictions.

Supplemental equity information

Supplemental equity information	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Supplemental equity information	NOTE 9 — Supplemental equity information The following tables summarize equity activity for the three months ended March 31, 2019 and 2018 : Three months ended March 31, 2019 In thousands, except per share data Common Stock, $0.01 Par Value Treasury Stock Additional Paid-in Capital Accumulated Deficit Accumulated Other Comprehensive Loss Total Beginning balance $ 1,189 $ (50,046 ) $ 1,822,094 $ (121,435 ) $ (616,696 ) $ 1,035,106 Net loss — — — (11,905 ) — (11,905 ) Other comprehensive income, net of tax — — — — 19,520 19,520 Total comprehensive income 7,615 Dividends declared: $0.16 per share — — — (18,326 ) — (18,326 ) Adoption of new lease guidance (a) — — — 13,441 — 13,441 Restricted stock awards settled 13 — (4,410 ) — — (4,397 ) Stock-based compensation — — 5,084 — — 5,084 Other activity — — 199 — — 199 Ending balance $ 1,202 $ (50,046 ) $ 1,822,967 $ (138,225 ) $ (597,176 ) $ 1,038,722 (a) This amount represents the lease transition adjustment, which is primarily related to the recognition of previously deferred gains on sale leaseback transactions totaling $13.6 million , net of tax. Three months ended March 31, 2018 In thousands, except per share data Common Stock, $0.01 Par Value Treasury Stock Additional Paid-in Capital Accumulated Deficit Accumulated Other Comprehensive Loss Total Beginning balance $ 1,175 $ (50,046 ) $ 1,786,941 $ (64,158 ) $ (656,517 ) $ 1,017,395 Net loss — — — (377 ) — (377 ) Other comprehensive income, net of tax — — — — 19,875 19,875 Total comprehensive income 19,498 Dividends declared: $0.16 per share — — — (17,935 ) — (17,935 ) Restricted stock awards settled 7 — (3,202 ) — — (3,195 ) Performance share units settled 4 — (2,437 ) — — (2,433 ) Stock-based compensation — — 4,652 — — 4,652 Other activity — — 470 — — 470 Ending balance $ 1,186 $ (50,046 ) $ 1,786,424 $ (82,470 ) $ (636,642 ) $ 1,018,452 Approximately 1.3 million and 1.1 million new shares were issued for the three months ended March 31, 2019 and 2018 , respectively. The following tables summarize the components of, and the changes in, Accumulated other comprehensive loss (net of tax) for the three months ended March 31, 2019 and 2018 : Three months ended March 31, 2019 In thousands Retirement Plans Foreign Currency Translation Total Beginning balance $ (929,170 ) $ 312,474 $ (616,696 ) Other comprehensive income (loss) before reclassifications (4,443 ) 13,057 8,614 Amounts reclassified from accumulated other comprehensive loss 10,906 — 10,906 Other comprehensive income 6,463 13,057 19,520 Ending balance $ (922,707 ) $ 325,531 $ (597,176 ) Three months ended March 31, 2018 In thousands Retirement Plans Foreign Currency Translation Total Beginning balance $ (1,000,790 ) $ 344,273 $ (656,517 ) Other comprehensive income (loss) before reclassifications (10,868 ) 19,374 8,506 Amounts reclassified from accumulated other comprehensive loss 11,369 — 11,369 Other comprehensive income 501 19,374 19,875 Ending balance $ (1,000,289 ) $ 363,647 $ (636,642 ) Accumulated other comprehensive loss components are included in computing net periodic postretirement costs as outlined in Note 7 — Pensions and other postretirement benefit plans . Reclassifications out of accumulated other comprehensive loss related to these postretirement plans include the following: Three months ended March 31, In thousands 2019 2018 Amortization of prior service credit, net $ (1,336 ) $ (404 ) Amortization of actuarial loss 15,797 15,476 Total reclassifications, before tax 14,461 15,072 Income tax effect (3,555 ) (3,703 ) Total reclassifications, net of tax $ 10,906 $ 11,369

Fair value measurement

Fair value measurement	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Fair value measurement	NOTE 10 — Fair value measurement We measure and record certain assets and liabilities at fair value. A fair value measurement is determined based on market assumptions that a market participant would use in pricing an asset or liability. A three-tiered hierarchy draws distinctions between market participant assumptions based on (i) observable inputs such as quoted prices in active markets (Level 1), (ii) inputs other than quoted active markets that are observable either directly or indirectly (Level 2) and (iii) unobservable inputs that require use of our own estimates and assumptions through present value and other valuation techniques in determination of fair value (Level 3). As of March 31, 2019 and December 31, 2018 , 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 as a practical expedient to determine the fair value of certain investments. These investments measured at net asset value have not been classified in the fair value hierarchy. Contingent earn-out liabilities resulting from business combinations are also recorded at fair value on a recurring basis. The fair value estimate of the earn-out liability related to the company’s acquisition of WordStream in July 2018 was $4.3 million as of March 31, 2019 . The WordStream earnout liability is affected by the expected amount and timing of future revenues, which are Level 3 inputs as they have no observable market. The Credit Facility is recorded at carrying value, which approximates fair value, in the Condensed consolidated balance sheets and is classified as Level 3. We also have certain assets requiring fair value measurement on a non-recurring basis. Our assets measured on a nonrecurring basis are assets held for sale, which are classified as Level 3 assets and evaluated using executed purchase agreements, letters of intent, or third-party valuation analyses when certain circumstances arise. Assets held for sale totaled $34.3 million as of March 31, 2019 and $23.3 million as of December 31, 2018 .

Commitments, contingencies and

Commitments, contingencies and other matters	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments, contingencies and other matters	NOTE 11 — Commitments, contingencies and other matters Environmental contingency: In March 2011 , the Advertiser Company (Advertiser), a subsidiary that publishes the Montgomery Advertiser , was notified by the U.S. Environmental Protection Agency (EPA) that it had been identified as a potentially responsible party (PRP) for the investigation and remediation of groundwater contamination in downtown Montgomery, Alabama. The Advertiser is a member of the Downtown Environmental Alliance, which has agreed to jointly fund and conduct all required investigation and remediation. In 2016 , the Advertiser and other members of the Downtown Environmental Alliance reached a settlement with the U.S. EPA regarding the costs the U.S. EPA spent to investigate the site. The U.S. EPA has transferred responsibility for oversight of the site to the Alabama Department of Environmental Management, which has approved the work plan for the additional site investigation that is currently underway. The Advertiser's final costs cannot be determined until the investigation is complete, a determination is made on whether any remediation is necessary, and contributions from other PRPs are finalized. Other litigation: We are defendants in judicial and administrative proceedings involving matters incidental to our business. While the ultimate results of these proceedings cannot be predicted with certainty, we expect the ultimate resolution of all pending or threatened claims and litigation will not have a material effect on our consolidated results of operations, financial position, or cash flows.

Loss per share

Loss per share	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Loss per share	NOTE 12 — Loss per share Basic and diluted weighted average number of shares outstanding were 114,448,000 and 112,756,000 for the three months ended March 31, 2019 and 2018 , respectively. Additionally, outstanding common stock equivalents of 3,610,000 and 3,095,000 were excluded from the computation of diluted loss per share for the three months ended March 31, 2019 and 2018 , respectively, because their effect would have been anti-dilutive due to the net losses in each period. On February 27, 2019 , we declared a dividend of $0.16 per share of common stock, which was paid on March 25, 2019 , to shareholders of record as of the close of business on March 11, 2019 . Furthermore, on May 6, 2019 , we declared a dividend of $0.16 per share of common stock, payable on June 24, 2019 , to shareholders of record as of the close of business on June 10, 2019 .

Segment reporting

Segment reporting	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Segment reporting	NOTE 13 — Segment reporting We define our reportable segments based on the way the Chief Operating Decision Maker (CODM) function, currently the Chief Executive Officer and Interim Chief Operating Officer, manages the operations for purposes of allocating resources and assessing performance. Our reportable segments include the following: • Publishing, which consists of our portfolio of local, regional, national, and international newspaper publishers. The results of this segment include local, classified, and national advertising revenues consisting of both print and digital advertising, circulation revenues from the distribution of our publications on our digital platforms, home delivery of our publications, single copy sales, and other revenues from commercial printing and distribution arrangements. The publishing reportable segment is an aggregation of two operating segments: domestic publishing and the U.K. • ReachLocal, which consists exclusively of our ReachLocal digital marketing solutions subsidiaries including SweetIQ and WordStream. The results of this segment include advertising revenues from our search and display services and revenues related to web presence and software solutions provided by ReachLocal. In addition to the above operating segments, we have a corporate and other category that includes activities not directly attributable to a specific segment. This category primarily consists of broad corporate functions and includes legal, human resources, accounting, finance, and marketing as well as activities such as tax settlements and 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 function uses adjusted EBITDA to evaluate the performance of the segments and allocate resources. Adjusted EBITDA is a non-GAAP financial performance measure that the company believes offers a useful view of the overall operation of our business. The company defines adjusted EBITDA as net income before (1) income taxes, (2) interest expense, (3) equity income, (4) other non-operating items, (5) restructuring costs, (6) asset impairment charges, (7) other items (including acquisition-related expenses, certain business transformation costs, litigation expenses, and gains or losses on certain investments), and (8) depreciation and amortization. The most directly comparable GAAP financial measure is net income. Management considers adjusted EBITDA to be the appropriate metric to evaluate and compare the ongoing operating performance of our segments on a consistent basis across reporting periods as it eliminates the effect of items which we do not believe are indicative of each segment's core operating performance. The following tables present our segment information: Three months ended March 31, 2019 In thousands Publishing ReachLocal Corporate and Other Intersegment Eliminations Consolidated Advertising and marketing services - external sales $ 268,054 $ 97,181 $ — $ — $ 365,235 Advertising and marketing services - intersegment sales 14,526 — — (14,526 ) — Circulation 252,727 — — — 252,727 Other 43,860 — 1,603 — 45,463 Total revenues $ 579,167 $ 97,181 $ 1,603 $ (14,526 ) $ 663,425 Adjusted EBITDA $ 81,383 $ 7,631 $ (25,688 ) $ — $ 63,326 Three months ended March 31, 2018 In thousands Publishing ReachLocal Corporate and Other Intersegment Eliminations Consolidated Advertising and marketing services - external sales $ 313,824 $ 96,488 $ — $ — $ 410,312 Advertising and marketing services - intersegment sales 14,173 — — (14,173 ) — Circulation 266,586 — — — 266,586 Other 44,077 — 1,976 — 46,053 Total revenues $ 638,660 $ 96,488 $ 1,976 $ (14,173 ) $ 722,951 Adjusted EBITDA $ 77,758 $ 6,209 $ (28,899 ) $ — $ 55,068 The following table presents our reconciliation of adjusted EBITDA to net income: Three months ended March 31, In thousands 2019 2018 Net loss (GAAP basis) $ (11,905 ) $ (377 ) Benefit for income taxes (3,582 ) (129 ) Interest expense 6,965 4,478 Other non-operating items, net 2,148 (4,311 ) Operating loss (GAAP basis) (6,374 ) (339 ) Depreciation and amortization 37,045 40,252 Restructuring costs 20,959 9,299 Asset impairment charges 529 3,756 Other items 11,167 2,100 Adjusted EBITDA (non-GAAP basis) $ 63,326 $ 55,068 Asset information by segment is not a key measure of performance used by the CODM function. Accordingly, we have not disclosed asset information by segment. Additionally, equity income in unconsolidated investees, net, interest expense, other non-operating items, net, and provision for income taxes, as reported in the condensed consolidated financial statements, are not part of operating income and are primarily recorded at the corporate level.

Basis of presentation and sum_2

Basis of presentation and summary of significant accounting policies (Policies)	3 Months Ended
	Mar. 31, 2019
Basis of Presentation and Significant Accounting Policies [Abstract]
Basis of presentation	Basis of presentation: Our condensed consolidated financial statements are unaudited; however, in the opinion of management, they contain all of the adjustments (consisting of those of a normal recurring nature) considered necessary to present fairly the financial position, results of operations and cash flows for the periods presented in conformity with U.S. generally accepted accounting principles (U.S. GAAP) applicable to interim periods. All intercompany accounts have been eliminated in consolidation. The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2018 . Beginning in the second quarter of 2018 , we realigned the presentation of web presence and software-as-a-service revenues from other revenues to advertising and marketing services revenues on the Condensed consolidated statements of income (loss) . As a result of this updated presentation, advertising and marketing services revenues increased and other revenues decreased $10.8 million for the three months ended March 31, 2018 . Operating revenues, net income, retained earnings, and earnings per share remained unchanged.
Use of estimates	Use of estimates: The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates, judgments, and assumptions that affect the amounts reported in the unaudited condensed consolidated financial statements and footnotes thereto. Actual results could differ from those estimates. Significant estimates and judgments inherent in the preparation of financial statements include accounting for income taxes, pension and other post-employment benefits, allowances for doubtful accounts, stock-based compensation, depreciation and amortization, business combinations, litigation matters, contingencies and the valuation of long-lived and intangible assets.
Cash and cash equivalents, including restricted cash	Cash and cash equivalents, including restricted cash: Cash equivalents consist of investments with original maturities of three months or less. Restricted cash primarily consists of cash held in an irrevocable grantor trust for our deferred compensation plans and cash held with banking institutions for insurance plans. The restrictions will lapse when benefits are paid to plan participants and their beneficiaries as specified in the plans.
Leases	Leases: We determine if an arrangement is a lease at inception. Operating leases are included in operating lease assets, other current liabilities, and long-term operating lease liabilities on our Condensed consolidated balance sheets .
New accounting pronouncements adopted	New accounting pronouncements adopted: The following are new accounting pronouncements that we adopted in the first quarter of 2019 : Leases: On January 1, 2019, the Company adopted ASU 2016-02 utilizing the modified retrospective transition method by recognizing a cumulative-effect adjustment to the opening balance of retained earnings. We elected the package of practical expedients permitted under the transition guidance within the new standard, which allows us to carry forward 1) our historical lease classification, 2) our assessment on whether a contract is or contains a lease, and 3) our treatment of initial direct costs for any leases that exist prior to adoption of the new standard. We have also elected to combine lease and non-lease components and to keep leases with an initial term of 12 months or less off the balance sheet and recognize the associated lease payments in the consolidated statements of income on a straight-line basis over the lease term. We did not elect to apply the hindsight practical expedient when determining the lease term and assessing impairment of right-of-use assets. As a result of adopting the new standard, we recorded a one-time adjustment to beginning retained earnings of $13.4 million , consisting primarily of the recognition of deferred gains on sale-leaseback transactions, which are no longer deferred under the new guidance, net of the deferred tax impact. Based on the present value of the lease payments for the remaining lease term of the Company's existing leases, we recognized net right-of-use assets of approximately $268.9 million and lease liabilities for operating leases of approximately $317.4 million on January 1, 2019. The standard did not materially impact our Condensed consolidated statements of income (loss) or Condensed consolidated statements of cash flows . Refer to Note 3 — Leases for further details on the company's leases. Compensation—Stock Compensation: In June 2018, the FASB issued new guidance which expands the scope of share based compensation accounting by applying, with limited exceptions, the specific requirements of employee stock compensation to the accounting for non-employee awards granted in exchange for goods and services. Adopting this guidance did not have a material impact on our consolidated financial statements. New accounting pronouncements not yet adopted: The following are new accounting pronouncements that we are evaluating for future impacts on our financial statements: Intangibles—Internal-Use Software: In August 2018, the FASB issued new guidance which aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software and hosting arrangements that include an internal-use software license. This guidance is effective for fiscal years beginning after December 15, 2019. Early adoption is permitted, including adoption in any interim period. We are evaluating the provisions of the updated guidance and assessing the impact on our consolidated financial statements. Fair Value Measurement—Disclosure Framework: In August 2018, the FASB issued new guidance that changes disclosure requirements related to fair value measurements as part of the disclosure framework project. The disclosure framework project aims to improve the effectiveness of disclosures in the notes to the financial statements by focusing on requirements that clearly communicate the most important information to users of the financial statements. This guidance is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. We are evaluating the provisions of the updated guidance and assessing the impact on our consolidated financial statements. Compensation—Retirement Plans: In August 2018, the FASB issued new guidance that changes disclosures related to defined benefit pension and other postretirement benefit plans as part of the disclosure framework project. This guidance is effective for fiscal years beginning after December 15, 2020, with early adoption permitted. We are evaluating the provisions of the updated guidance and assessing the impact on our consolidated financial statements. Financial Instruments—Credit Losses: In June 2016, the FASB issued new guidance which amends the principles around the recognition of credit losses by mandating entities incorporate an estimate of current expected credit losses when determining the value of certain assets. The guidance also amends reporting around allowances for credit losses on available-for-sale marketable securities. This guidance is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. We are evaluating the provisions of the updated guidance and assessing the impact on our consolidated financial statements.

Basis of presentation and sum_3

Basis of presentation and summary of significant accounting policies (Tables)	3 Months Ended
	Mar. 31, 2019
Basis of Presentation and Significant Accounting Policies [Abstract]
Schedule of Cash and Cash Equivalents	The following table presents a reconciliation of cash, cash equivalents, and restricted cash: March 31, In thousands 2019 2018 Cash and cash equivalents $ 89,380 $ 145,859 Restricted cash included in other current assets 3,593 3,189 Restricted cash included in investments and other assets 20,455 20,228 Total cash, cash equivalents, and restricted cash $ 113,428 $ 169,276

Revenues (Tables)

Revenues (Tables)	3 Months Ended
	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table presents our revenues disaggregated by source: Three months ended March 31, In thousands 2019 2018 Print advertising $ 186,192 $ 225,826 Digital advertising and marketing services 179,043 184,486 Total advertising and marketing services 365,235 410,312 Circulation 252,727 266,586 Other 45,463 46,053 Total revenues $ 663,425 $ 722,951
Deferred Revenue	The following table presents changes in the deferred revenue balance for the three months ended March 31, 2019 by type of revenue: In thousands Advertising and Other Circulation Total Beginning balance $ 35,742 $ 81,341 $ 117,083 Cash receipts 70,730 207,726 278,456 Revenue recognized (69,912 ) (206,547 ) (276,459 ) Ending balance $ 36,560 $ 82,520 $ 119,080

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Lease Cost	Other information related to leases, all of which are operating leases, for the three months ended March 31, 2019 were as follows: In thousands, except lease term and discount rate Supplemental cash flow information Cash paid for amounts included in the measurement of lease liabilities $ 18,475 Right-of-use assets obtained in exchange for lease obligations $ 9,300 Weighted-average remaining lease term (in years) 9.1 Weighted-average discount rate 6.7 % The components of lease expense for the three months ended March 31, 2019 were as follows: In thousands Operating lease cost (a) $ 16,983 Short-term lease cost, excluding expenses relating to leases with a lease term of one month or less 479 Net lease cost $ 17,462 (a) Net of sublease income, which is immaterial.
Operating Lease Liability, Maturity	Future minimum lease payments under non-cancellable leases as of March 31, 2019 are as follows: In thousands Year Ending December 31, (a) 2019 (excluding the three months ended March 31, 2019) $ 40,367 2020 53,741 2021 48,353 2022 44,535 2023 37,297 Thereafter 191,460 Total future minimum lease payments 415,753 Less: Imputed interest 110,545 Total $ 305,208 (a) Operating lease payments exclude $4.4 million of legally binding minimum lease payments for leases signed but not yet commenced.

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Mar. 31, 2019
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	As of the acquisition date, the purchase price was assigned to the acquired assets and assumed liabilities as follows: In thousands Cash and restricted cash acquired $ 20,954 Other current assets 9,159 Property, plant and equipment 1,072 Developed technology 63,030 Customer relationships 21,420 Trade names 1,105 Goodwill 67,483 Total assets acquired 184,223 Current liabilities 3,987 Noncurrent liabilities 17,303 Total liabilities assumed 21,290 Net assets acquired $ 162,933

Restructuring activities and _2

Restructuring activities and asset impairment charges (Tables)	3 Months Ended
	Mar. 31, 2019
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	Severance-related expenses: We recorded severance-related expenses by segment as follows: Three months ended March 31, In thousands 2019 2018 Publishing $ 7,160 $ 5,628 ReachLocal 20 539 Corporate and Other 2,693 398 Total $ 9,873 $ 6,565 The activity and balance of the severance-related liabilities for the three months ended March 31, 2019 are as follows: In thousands Beginning balance $ 32,974 Expense 9,873 Payments (29,421 ) Ending balance $ 13,426
Schedule of Consolidation Charges and Accelerated Depreciation	Facility consolidation charges and accelerated depreciation: We recorded facility consolidation charges by segment as follows: Three months ended March 31, In thousands 2019 2018 Publishing $ 1,646 $ 2,649 ReachLocal 120 — Corporate and Other 37 85 Total $ 1,803 $ 2,734

Pensions and other postretire_2

Pensions and other postretirement benefit plans (Tables)	3 Months Ended
	Mar. 31, 2019
Retirement Benefits [Abstract]
Benefit costs	Retirement plan costs include the following components: Three months ended March 31, 2019 2018 In thousands Pension OPEB Pension OPEB Operating expenses: Service cost - Benefits earned during the period $ 429 $ 32 $ 602 $ 55 Non-operating expenses: Interest cost on benefit obligation 25,696 782 25,421 783 Expected return on plan assets (36,534 ) — (44,549 ) — Amortization of prior service cost (benefit) (524 ) (812 ) 479 (883 ) Amortization of actuarial loss (gain) 16,027 (230 ) 15,381 95 Curtailments — 192 — — Other — (1,018 ) — — Total non-operating expenses (credit) $ 4,665 $ (1,086 ) $ (3,268 ) $ (5 ) Total expense (benefit) for retirement plans $ 5,094 $ (1,054 ) $ (2,666 ) $ 50

Income taxes (Tables)

Income taxes (Tables)	3 Months Ended
	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The following table outlines our pre-tax net loss and income tax amounts: Three months ended March 31, In thousands 2019 2018 Pre-tax net loss $ (15,487 ) $ (506 ) Income tax benefit (3,582 ) (129 ) Effective tax rate 23.1 % 25.5 %

Supplemental equity informati_2

Supplemental equity information (Tables)	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Schedule of Equity	The following tables summarize equity activity for the three months ended March 31, 2019 and 2018 : Three months ended March 31, 2019 In thousands, except per share data Common Stock, $0.01 Par Value Treasury Stock Additional Paid-in Capital Accumulated Deficit Accumulated Other Comprehensive Loss Total Beginning balance $ 1,189 $ (50,046 ) $ 1,822,094 $ (121,435 ) $ (616,696 ) $ 1,035,106 Net loss — — — (11,905 ) — (11,905 ) Other comprehensive income, net of tax — — — — 19,520 19,520 Total comprehensive income 7,615 Dividends declared: $0.16 per share — — — (18,326 ) — (18,326 ) Adoption of new lease guidance (a) — — — 13,441 — 13,441 Restricted stock awards settled 13 — (4,410 ) — — (4,397 ) Stock-based compensation — — 5,084 — — 5,084 Other activity — — 199 — — 199 Ending balance $ 1,202 $ (50,046 ) $ 1,822,967 $ (138,225 ) $ (597,176 ) $ 1,038,722 (a) This amount represents the lease transition adjustment, which is primarily related to the recognition of previously deferred gains on sale leaseback transactions totaling $13.6 million , net of tax. Three months ended March 31, 2018 In thousands, except per share data Common Stock, $0.01 Par Value Treasury Stock Additional Paid-in Capital Accumulated Deficit Accumulated Other Comprehensive Loss Total Beginning balance $ 1,175 $ (50,046 ) $ 1,786,941 $ (64,158 ) $ (656,517 ) $ 1,017,395 Net loss — — — (377 ) — (377 ) Other comprehensive income, net of tax — — — — 19,875 19,875 Total comprehensive income 19,498 Dividends declared: $0.16 per share — — — (17,935 ) — (17,935 ) Restricted stock awards settled 7 — (3,202 ) — — (3,195 ) Performance share units settled 4 — (2,437 ) — — (2,433 ) Stock-based compensation — — 4,652 — — 4,652 Other activity — — 470 — — 470 Ending balance $ 1,186 $ (50,046 ) $ 1,786,424 $ (82,470 ) $ (636,642 ) $ 1,018,452
Schedule of Accumulated Other Comprehensive Income (Loss)	The following tables summarize the components of, and the changes in, Accumulated other comprehensive loss (net of tax) for the three months ended March 31, 2019 and 2018 : Three months ended March 31, 2019 In thousands Retirement Plans Foreign Currency Translation Total Beginning balance $ (929,170 ) $ 312,474 $ (616,696 ) Other comprehensive income (loss) before reclassifications (4,443 ) 13,057 8,614 Amounts reclassified from accumulated other comprehensive loss 10,906 — 10,906 Other comprehensive income 6,463 13,057 19,520 Ending balance $ (922,707 ) $ 325,531 $ (597,176 ) Three months ended March 31, 2018 In thousands Retirement Plans Foreign Currency Translation Total Beginning balance $ (1,000,790 ) $ 344,273 $ (656,517 ) Other comprehensive income (loss) before reclassifications (10,868 ) 19,374 8,506 Amounts reclassified from accumulated other comprehensive loss 11,369 — 11,369 Other comprehensive income 501 19,374 19,875 Ending balance $ (1,000,289 ) $ 363,647 $ (636,642 )
Reclassification out of Accumulated Other Comprehensive Income	Reclassifications out of accumulated other comprehensive loss related to these postretirement plans include the following: Three months ended March 31, In thousands 2019 2018 Amortization of prior service credit, net $ (1,336 ) $ (404 ) Amortization of actuarial loss 15,797 15,476 Total reclassifications, before tax 14,461 15,072 Income tax effect (3,555 ) (3,703 ) Total reclassifications, net of tax $ 10,906 $ 11,369

Segment reporting (Tables)

Segment reporting (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables present our segment information: Three months ended March 31, 2019 In thousands Publishing ReachLocal Corporate and Other Intersegment Eliminations Consolidated Advertising and marketing services - external sales $ 268,054 $ 97,181 $ — $ — $ 365,235 Advertising and marketing services - intersegment sales 14,526 — — (14,526 ) — Circulation 252,727 — — — 252,727 Other 43,860 — 1,603 — 45,463 Total revenues $ 579,167 $ 97,181 $ 1,603 $ (14,526 ) $ 663,425 Adjusted EBITDA $ 81,383 $ 7,631 $ (25,688 ) $ — $ 63,326 Three months ended March 31, 2018 In thousands Publishing ReachLocal Corporate and Other Intersegment Eliminations Consolidated Advertising and marketing services - external sales $ 313,824 $ 96,488 $ — $ — $ 410,312 Advertising and marketing services - intersegment sales 14,173 — — (14,173 ) — Circulation 266,586 — — — 266,586 Other 44,077 — 1,976 — 46,053 Total revenues $ 638,660 $ 96,488 $ 1,976 $ (14,173 ) $ 722,951 Adjusted EBITDA $ 77,758 $ 6,209 $ (28,899 ) $ — $ 55,068 The following table presents our reconciliation of adjusted EBITDA to net income: Three months ended March 31, In thousands 2019 2018 Net loss (GAAP basis) $ (11,905 ) $ (377 ) Benefit for income taxes (3,582 ) (129 ) Interest expense 6,965 4,478 Other non-operating items, net 2,148 (4,311 ) Operating loss (GAAP basis) (6,374 ) (339 ) Depreciation and amortization 37,045 40,252 Restructuring costs 20,959 9,299 Asset impairment charges 529 3,756 Other items 11,167 2,100 Adjusted EBITDA (non-GAAP basis) $ 63,326 $ 55,068

Basis of presentation and sum_4

Basis of presentation and summary of significant accounting policies - Narrative (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)brandstateorganization	Mar. 31, 2018USD ($)	Jan. 01, 2019USD ($)
Significant Accounting Policies [Line Items]
Increase (decrease) in revenue	$ (663,425)	$ (722,951)
Adjustment to beginning retained earnings			$ 13,441
Net lease assets	258,693		268,900
Net lease liability	$ 305,208		317,400
U.S.
Significant Accounting Policies [Line Items]
Number of media organizations | organization	109
Number of states in which entity operates | state	34
U.K.
Significant Accounting Policies [Line Items]
Number of media brands, more than | brand	150
Advertising and marketing services
Significant Accounting Policies [Line Items]
Increase (decrease) in revenue	$ (365,235)	(410,312)
Other
Significant Accounting Policies [Line Items]
Increase (decrease) in revenue	$ (45,463)	(46,053)
Restatement Adjustment | Advertising and marketing services
Significant Accounting Policies [Line Items]
Increase (decrease) in revenue		10,800
Restatement Adjustment | Other
Significant Accounting Policies [Line Items]
Increase (decrease) in revenue		$ 10,800
Accounting Standards Update 2016-02
Significant Accounting Policies [Line Items]
Adjustment to beginning retained earnings			$ 13,400

Basis of presentation and sum_5

Basis of presentation and summary of significant accounting policies - Schedule of Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Basis of Presentation and Significant Accounting Policies [Abstract]
Cash and cash equivalents	$ 89,380	$ 93,559	$ 145,859
Restricted cash included in other current assets	3,593		3,189
Restricted cash included in investments and other assets	20,455		20,228
Total cash, cash equivalents, and restricted cash	$ 113,428	$ 116,861	$ 169,276	$ 144,032

Revenues - Disaggregation of Re

Revenues - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Total operating revenues	$ 663,425	$ 722,951
Print
Disaggregation of Revenue [Line Items]
Total operating revenues	186,192	225,826
Digital advertising and marketing services
Disaggregation of Revenue [Line Items]
Total operating revenues	179,043	184,486
Total advertising and marketing services
Disaggregation of Revenue [Line Items]
Total operating revenues	365,235	410,312
Circulation
Disaggregation of Revenue [Line Items]
Total operating revenues	252,727	266,586
Other
Disaggregation of Revenue [Line Items]
Total operating revenues	$ 45,463	$ 46,053

Revenues - Narrative (Details)

Revenues - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Increase in deferred revenue	$ 2
International
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue, percentage	13.00%
Minimum
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Subscription period (in months)	1 month
Maximum
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Subscription period (in months)	12 months

Revenues - Deferred Revenue (De

Revenues - Deferred Revenue (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Movement in Deferred Revenue [Roll Forward]
Beginning balance	$ 117,083
Cash receipts	278,456
Revenue recognized	(276,459)
Ending balance	119,080
Advertising and Other
Movement in Deferred Revenue [Roll Forward]
Beginning balance	35,742
Cash receipts	70,730
Revenue recognized	(69,912)
Ending balance	36,560
Circulation
Movement in Deferred Revenue [Roll Forward]
Beginning balance	81,341
Cash receipts	207,726
Revenue recognized	(206,547)
Ending balance	$ 82,520

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jan. 01, 2019
Lessee, Lease, Description [Line Items]
Operating lease assets	$ 258,693	$ 268,900
Short-term operating lease liabilities	37,600
Long-term operating lease liabilities	$ 267,630
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term with option to extend	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term with option to extend	16 years

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Leases [Abstract]
Operating lease cost	$ 16,983
Short-term lease cost, excluding expenses relating to leases with a lease term of one month or less	479
Net lease cost	$ 17,462

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Jan. 01, 2019
Leases [Abstract]
2019 (excluding the three months ended March 31, 2019)	$ 40,367
2020	53,741
2021	48,353
2022	44,535
2023	37,297
Thereafter	191,460
Total future minimum lease payments	415,753
Less: Imputed interest	110,545
Total	305,208	$ 317,400
Lease payments for leases signed but not yet commenced	$ 4,400

Leases - Other Information (Det

Leases - Other Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Supplemental cash flow information:
Cash paid for amounts included in the measurement of lease liabilities	$ 18,475
Right-of-use assets obtained in exchange for lease obligations	$ 9,300
Weighted-average remaining lease term (in years)	9 years 1 month 6 days
Weighted-average discount rate	6.70%

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) - WordStream - USD ($) $ in Millions	1 Months Ended
	Jul. 31, 2018	Mar. 31, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Payments for acquisitions, net of cash acquired	$ 132.5
Contingent consideration	$ 9.5	$ 4.3	$ 20

Acquisitions - Schedule of Asse

Acquisitions - Schedule of Assets Acquired, Liabilities Assumed (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Jul. 31, 2018
Business Acquisition [Line Items]
Goodwill	$ 783,897	$ 779,597
WordStream
Business Acquisition [Line Items]
Cash acquired			$ 20,954
Other current assets			9,159
Property, plant and equipment			1,072
Goodwill			67,483
Total assets acquired			184,223
Current liabilities			3,987
Noncurrent liabilities			17,303
Total liabilities assumed			21,290
Net assets acquired			162,933
Developed technology | WordStream
Business Acquisition [Line Items]
Intangible assets			63,030
Customer relationships | WordStream
Business Acquisition [Line Items]
Intangible assets			21,420
Trade names | WordStream
Business Acquisition [Line Items]
Intangible assets			$ 1,105

Restructuring activities and _3

Restructuring activities and asset impairment charges - Severance Related Expenses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Restructuring Cost and Reserve [Line Items]
Severance related expenses	$ 20,959	$ 9,299
Severance
Restructuring Cost and Reserve [Line Items]
Severance related expenses	9,873	6,565
Operating Segments | Publishing | Severance
Restructuring Cost and Reserve [Line Items]
Severance related expenses	7,160	5,628
Operating Segments | ReachLocal | Severance
Restructuring Cost and Reserve [Line Items]
Severance related expenses	20	539
Corporate and Other | Severance
Restructuring Cost and Reserve [Line Items]
Severance related expenses	$ 2,693	$ 398

Restructuring activities and _4

Restructuring activities and asset impairment charges - Restructuring Reserve (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Restructuring Reserve [Roll Forward]
Expense	$ 20,959	$ 9,299
Severance
Restructuring Reserve [Roll Forward]
Beginning balance	32,974
Expense	9,873	$ 6,565
Payments	(29,421)
Ending balance	$ 13,426

Restructuring activities and _5

Restructuring activities and asset impairment charges - Facility Consolidation Charges and Accelerated Depreciation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 20,959	$ 9,299
Facility Closing
Restructuring Cost and Reserve [Line Items]
Restructuring costs	1,803	2,734
Operating Segments | Publishing | Facility Closing
Restructuring Cost and Reserve [Line Items]
Restructuring costs	1,646	2,649
Operating Segments | ReachLocal | Facility Closing
Restructuring Cost and Reserve [Line Items]
Restructuring costs	120	0
Corporate and Other | Facility Closing
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 37	$ 85

Restructuring activities and _6

Restructuring activities and asset impairment charges - Narrative (Details) - USD ($) $ in Thousands	Feb. 05, 2018	Dec. 31, 2018	Feb. 28, 2018	Mar. 31, 2019	Mar. 31, 2018
Restructuring Cost and Reserve [Line Items]
Asset impairment charges				$ 529	$ 3,756
Rent-free leaseback term			15 months
Proceeds from sale of property, plant, and equipment	$ 41,800	$ 33,900
Book value				11,300
Leaseback agreement		7 years
Deferred gain on sale of property		$ 13,200
Publishing
Restructuring Cost and Reserve [Line Items]
Accelerated depreciation				$ 1,700	$ 5,200
Other Current Liabilities
Restructuring Cost and Reserve [Line Items]
Deferred gain on sale of property		1,900
Other Noncurrent Liabilities
Restructuring Cost and Reserve [Line Items]
Deferred gain on sale of property		$ 11,300

Debt - Narrative (Details)

Debt - Narrative (Details)	Apr. 09, 2018USD ($)$ / shares	Mar. 31, 2019USD ($)shares	Dec. 31, 2018USD ($)
Line of Credit Facility [Line Items]
Convertible debt, liability component		$ 170,538,000	$ 169,264,000
Shares issued in debt conversion (in shares) | shares		0
Convertible Debt | Senior Notes
Line of Credit Facility [Line Items]
Stated interest rate (as a percent)	4.75%
Convertible debt, principal	$ 201,300,000
Proceeds from debt	$ 195,300,000
Stated conversion rate	0.0824572
Conversion price (in usd per share) | $ / shares	$ 12.13
Convertible debt, liability component		$ 171,100,000
Residual amount of convertible debt		30,200,000
Debt issuance costs		6,300,000
Debt issuance costs allocated to debt		5,400,000
Debt issuance costs allocated to equity		$ 900,000
Contractual life of the notes		6 years
Unamortized discount		$ 26,200,000
Interest expense on notes		2,400,000
Amortization of debt issuance costs		200,000
Amortization of debt discount		$ 1,000,000
Effective interest rate (as a percent)		7.91%
Line of Credit | Revolving Credit Facility
Line of Credit Facility [Line Items]
Outstanding amount		$ 130,000,000
Remaining borrowing capacity		346,900,000
Line of Credit | Letter of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity		50,000,000
Outstanding amount		23,100,000
Line of Credit | Credit Facility | Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 500,000,000
Federal Funds Rate | Line of Credit | Credit Facility | Revolving Credit Facility
Line of Credit Facility [Line Items]
Basis point spread on variable rate (as a percent)		0.50%
LIBOR | Line of Credit | Credit Facility | Revolving Credit Facility
Line of Credit Facility [Line Items]
Basis point spread on variable rate (as a percent)		1.00%
Measurement Input, Discount Rate | Convertible Debt | Senior Notes
Line of Credit Facility [Line Items]
Discount rate (as a percent)		0.0791

Pensions and other postretire_3

Pensions and other postretirement benefit plans - Retirement Plan Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Pension
Company's pension costs
Service cost - Benefits earned during the period	$ 429	$ 602
Interest cost on benefit obligation	25,696	25,421
Expected return on plan assets	(36,534)	(44,549)
Amortization of prior service cost (benefit)	(524)	479
Amortization of actuarial loss (gain)	16,027	15,381
Curtailments	0	0
Other	0	0
Total non-operating expenses (credit)	4,665	(3,268)
Total expense (benefit) for retirement plans	5,094	(2,666)
OPEB
Company's pension costs
Service cost - Benefits earned during the period	32	55
Interest cost on benefit obligation	782	783
Expected return on plan assets	0	0
Amortization of prior service cost (benefit)	(812)	(883)
Amortization of actuarial loss (gain)	(230)	95
Curtailments	192	0
Other	(1,018)	0
Total non-operating expenses (credit)	(1,086)	(5)
Total expense (benefit) for retirement plans	$ (1,054)	$ 50

Pensions and other postretire_4

Pensions and other postretirement benefit plans - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Defined Benefit Plan Disclosure [Line Items]
Restructuring costs	$ 20,959	$ 9,299
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Contribution to the defined benefit plans	10,100
Pension Plans | CWA/ITU Plan
Defined Benefit Plan Disclosure [Line Items]
Restructuring costs	9,300
Post-retirement Benefits Other Than Pension
Defined Benefit Plan Disclosure [Line Items]
Contribution to the defined benefit plans	3,100
Other Current Liabilities | Multiemployer Plans, Pension
Defined Benefit Plan Disclosure [Line Items]
Pension withdrawal liability, current	3,600
Other Noncurrent Liabilities | Multiemployer Plans, Pension
Defined Benefit Plan Disclosure [Line Items]
Pension withdrawal liability, current	$ 39,900

Income taxes - Pre-tax Net Loss

Income taxes - Pre-tax Net Loss and Income Tax (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Pre-tax net loss	$ (15,487)	$ (506)
Income tax benefit	$ (3,582)	$ (129)
Effective tax rate	23.10%	25.50%

Income taxes - Narrative (Detai

Income taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Effective tax rate	23.10%	25.50%
Unrecognized tax benefits that would impact effective tax rate	$ 22.1		$ 22.5
Accrued interest and penalties related to unrecognized tax benefits	1.4		$ 1.2
Estimated decrease in gross unrecognized tax positions within the next 12 months, maximum	$ 0.7

Supplemental equity informati_3

Supplemental equity information - Equity Activity (Details) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions	Feb. 27, 2019	Mar. 31, 2019	Mar. 31, 2018	Jan. 01, 2019	Dec. 31, 2018
Class of Stock [Line Items]
Common stock, par value (in dollars per share)		$ 0.01	$ 0.01		$ 0.01
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance		$ 1,035,106	$ 1,017,395
Net loss		(11,905)	(377)
Other comprehensive income, net of tax		19,520	19,875
Comprehensive income		7,615	19,498
Dividends declared		$ (18,326)	$ (17,935)
Dividend declared per common share (in dollars per share)	$ 0.16	$ 0.16	$ 0.16
Adoption of new lease guidance				$ 13,441
Restricted stock awards settled		$ (4,397)	$ (3,195)
Performance share units settled			(2,433)
Stock-based compensation		5,084	4,652
Other activity		199	470
Ending Balance		1,038,722	1,018,452
Deferred gain on sale leaseback transaction		13,600
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance		1,189	1,175
Restricted stock awards settled		13	7
Performance share units settled			4
Ending Balance		1,202	1,186
Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance		(50,046)	(50,046)
Ending Balance		(50,046)	(50,046)
Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance		1,822,094	1,786,941
Restricted stock awards settled		(4,410)	(3,202)
Performance share units settled			(2,437)
Stock-based compensation		5,084	4,652
Other activity		199	470
Ending Balance		1,822,967	1,786,424
Accumulated Deficit
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance		(121,435)	(64,158)
Net loss		(11,905)	(377)
Dividends declared		(18,326)	(17,935)
Adoption of new lease guidance				$ 13,441
Ending Balance		(138,225)	(82,470)
Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance		(616,696)	(656,517)
Other comprehensive income, net of tax		19,520	19,875
Ending Balance		$ (597,176)	$ (636,642)
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued during period		1.3	1.1

Supplemental equity informati_4

Supplemental equity information - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	$ 1,035,106	$ 1,017,395
Other comprehensive income, net of tax	19,520	19,875
Ending Balance	1,038,722	1,018,452
Retirement Plans
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(929,170)	(1,000,790)
Other comprehensive income (loss) before reclassifications	(4,443)	(10,868)
Amounts reclassified from accumulated other comprehensive loss	10,906	11,369
Other comprehensive income, net of tax	6,463	501
Ending Balance	(922,707)	(1,000,289)
Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	312,474	344,273
Other comprehensive income (loss) before reclassifications	13,057	19,374
Amounts reclassified from accumulated other comprehensive loss	0	0
Other comprehensive income, net of tax	13,057	19,374
Ending Balance	325,531	363,647
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(616,696)	(656,517)
Other comprehensive income (loss) before reclassifications	8,614	8,506
Amounts reclassified from accumulated other comprehensive loss	10,906	11,369
Other comprehensive income, net of tax	19,520	19,875
Ending Balance	$ (597,176)	$ (636,642)

Supplemental equity informati_5

Supplemental equity information - Reclassifications Out of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications, net of tax	$ 10,906	$ 11,369
Net Prior Service Credit | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications, before tax	(1,336)	(404)
Actuarial Loss | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications, before tax	15,797	15,476
Retirement Plans | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications, before tax	14,461	15,072
Income tax effect	$ (3,555)	$ (3,703)

Fair value measurement - Narrat

Fair value measurement - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018	Jul. 31, 2018
Fair Value, Measurements, Nonrecurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held for sale	$ 34.3	$ 23.3
WordStream
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of contingent consideration	$ 4.3	$ 20	$ 9.5

Loss per share - Narrative (Det

Loss per share - Narrative (Details) - $ / shares	May 06, 2019	Feb. 27, 2019	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Weighted average number of shares outstanding - basic (in shares)			114,448,000	112,756,000
Weighted average number of shares outstanding - diluted (in shares)			114,448,000	112,756,000
Common stock equivalents excluded from computation of diluted loss per share			3,610,000	3,095,000
Dividend declared per common share (in dollars per share)		$ 0.16	$ 0.16	$ 0.16
Subsequent Event
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Dividend declared per common share (in dollars per share)	$ 0.16

Segment reporting - Narrative (

Segment reporting - Narrative (Details)	3 Months Ended
	Mar. 31, 2019segment
Publishing
Segment Reporting Information [Line Items]
Number of operating segments	2

Segment reporting (Details)

Segment reporting (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting Information [Line Items]
Total operating revenues	$ 663,425	$ 722,951
Adjusted EBITDA	63,326	55,068
Operating Segments | Publishing
Segment Reporting Information [Line Items]
Total operating revenues	579,167	638,660
Adjusted EBITDA	81,383	77,758
Operating Segments | ReachLocal
Segment Reporting Information [Line Items]
Total operating revenues	97,181	96,488
Adjusted EBITDA	7,631	6,209
Corporate
Segment Reporting Information [Line Items]
Total operating revenues	1,603	1,976
Adjusted EBITDA	(25,688)	(28,899)
Intersegment Eliminations
Segment Reporting Information [Line Items]
Total operating revenues	(14,526)	(14,173)
Advertising and marketing services
Segment Reporting Information [Line Items]
Total operating revenues	365,235	410,312
Advertising and marketing services | Operating Segments | Publishing
Segment Reporting Information [Line Items]
Total operating revenues	268,054	313,824
Advertising and marketing services | Operating Segments | ReachLocal
Segment Reporting Information [Line Items]
Total operating revenues	97,181	96,488
Advertising and marketing services | Corporate
Segment Reporting Information [Line Items]
Total operating revenues	0	0
Advertising and marketing services | Intersegment Eliminations
Segment Reporting Information [Line Items]
Total operating revenues	(14,526)	(14,173)
Advertising and marketing services | Intersegment Eliminations | Publishing
Segment Reporting Information [Line Items]
Total operating revenues	14,526	14,173
Advertising and marketing services | Intersegment Eliminations | ReachLocal
Segment Reporting Information [Line Items]
Total operating revenues	0	0
Circulation
Segment Reporting Information [Line Items]
Total operating revenues	252,727	266,586
Circulation | Operating Segments | Publishing
Segment Reporting Information [Line Items]
Total operating revenues	252,727	266,586
Circulation | Operating Segments | ReachLocal
Segment Reporting Information [Line Items]
Total operating revenues	0	0
Circulation | Corporate
Segment Reporting Information [Line Items]
Total operating revenues	0	0
Other
Segment Reporting Information [Line Items]
Total operating revenues	45,463	46,053
Other | Operating Segments | Publishing
Segment Reporting Information [Line Items]
Total operating revenues	43,860	44,077
Other | Operating Segments | ReachLocal
Segment Reporting Information [Line Items]
Total operating revenues	0	0
Other | Corporate
Segment Reporting Information [Line Items]
Total operating revenues	$ 1,603	$ 1,976

Segment reporting - Reconciliat

Segment reporting - Reconciliation of EBITDA to Operating Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting [Abstract]
Net loss	$ (11,905)	$ (377)
Benefit for income taxes	(3,582)	(129)
Interest expense	6,965	4,478
Other non-operating items, net	2,148	(4,311)
Operating loss	(6,374)	(339)
Depreciation and amortization	37,045	40,252
Restructuring costs	20,959	9,299
Asset impairment charges	529	3,756
Other items	11,167	2,100
Adjusted EBITDA (non-GAAP basis)	$ 63,326	$ 55,068