Gannett 10-Q 8 Aug 19 2019 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2019	Aug. 02, 2019
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2019
Document Transition Report	false
Entity File Number	1-36874
Entity Registrant Name	GANNETT CO., INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	47-2390983
Entity Address, Address Line One	7950 Jones Branch Drive,
Entity Address, City or Town	McLean,
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	22107-0910
City Area Code	703
Local Phone Number	854-6000
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	GCI
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Common Stock Shares Outstanding		114,623,046
Entity Central Index Key	0001635718
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Current assets
Cash and cash equivalents	$ 68,558	$ 93,559
Accounts receivable, net of allowance for doubtful accounts of $9,730 and $11,088	289,128	343,617
Other current assets	134,763	143,385
Total current assets	492,449	580,561
Property, plant and equipment, at cost net of accumulated depreciation of $1,263,203 and $1,412,531	745,939	796,009
Operating lease assets	256,324
Goodwill	779,626	779,597
Intangible assets, net	149,512	170,344
Deferred income taxes	31,623	51,039
Other assets	121,423	100,861
Total assets	2,576,896	2,478,411
Current liabilities
Accounts payable and accrued liabilities	300,715	387,003
Deferred revenue	117,786	117,083
Short-term portion of revolving credit facility	135,000	0
Other current liabilities	47,122	47,482
Total current liabilities	600,623	551,568
Postretirement medical and life insurance liabilities	58,702	69,938
Pension liabilities	273,330	319,084
Long-term portion of revolving credit facility	0	135,000
Convertible debt	171,832	169,264
Long-term operating lease liabilities	264,655
Other noncurrent liabilities	141,427	198,451
Total liabilities	1,510,569	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, 120,333,121 and 118,875,977 shares issued	1,203	1,189
Treasury stock at cost, 5,750,000 shares	(50,046)	(50,046)
Additional paid-in capital	1,827,963	1,822,094
Retained earnings (deficit)	(129,834)	(121,435)
Accumulated other comprehensive loss	(582,959)	(616,696)
Total equity	1,066,327	1,035,106
Total liabilities and equity	$ 2,576,896	$ 2,478,411

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 9,730	$ 11,088
Accumulated depreciation	$ 1,263,203	$ 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	120,333,121	118,875,977
Common stock, shares outstanding	114,583,121	113,125,977
Treasury stock, shares	5,750,000	5,750,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Operating revenues:
Total operating revenues	$ 660,337	$ 730,768	$ 1,323,762	$ 1,453,719
Operating expenses:
Cost of sales	403,089	452,053	814,253	909,037
Selling, general and administrative expenses	195,068	199,143	395,170	412,142
Depreciation and amortization	35,466	38,378	72,511	78,630
Gain on sale of property	(32,768)	0	(33,650)	0
Restructuring costs	6,771	12,611	27,730	21,910
Asset impairment charges	274	10,483	803	14,239
Total operating expenses	607,900	712,668	1,276,817	1,435,958
Operating income	52,437	18,100	46,945	17,761
Non-operating income (expense):
Interest expense	(6,879)	(5,935)	(13,844)	(10,413)
Other non-operating items, net	(6,104)	4,042	(9,134)	8,353
Non-operating expense	(12,983)	(1,893)	(22,978)	(2,060)
Income before income taxes	39,454	16,207	23,967	15,701
Provision (benefit) for income taxes	12,729	(99)	9,147	(228)
Net income	$ 26,725	$ 16,306	$ 14,820	$ 15,929
Earnings per share – basic (in dollars per share)	$ 0.23	$ 0.14	$ 0.13	$ 0.14
Earnings per share – diluted (in dollars per share)	$ 0.23	$ 0.14	$ 0.13	$ 0.14
Advertising and marketing services
Operating revenues:
Total operating revenues	$ 368,328	$ 420,163	$ 733,563	$ 830,475
Circulation
Operating revenues:
Total operating revenues	247,092	263,806	499,819	530,392
Other
Operating revenues:
Total operating revenues	$ 44,917	$ 46,799	$ 90,380	$ 92,852

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 26,725	$ 16,306	$ 14,820	$ 15,929
Other comprehensive income, before tax:
Foreign currency translation adjustments	(8,490)	(33,310)	4,567	(13,936)
Pension and other postretirement benefit items:
Change in prior service costs	0	103,416	0	103,416
Amortization of prior service credit, net	(1,328)	(401)	(2,664)	(805)
Actuarial gain (loss) arising during the period	10,055	13,240	10,236	13,240
Amortization of actuarial loss	15,332	16,877	31,129	32,353
Other	5,605	20,196	141	6,779
Pension and other postretirement benefit items	29,664	153,328	38,842	154,983
Other comprehensive income, before tax	21,174	120,018	43,409	141,047
Income tax effect related to components of other comprehensive income	(6,957)	(28,295)	(9,672)	(29,449)
Other comprehensive income, net of tax	14,217	91,723	33,737	111,598
Comprehensive income	$ 40,942	$ 108,029	$ 48,557	$ 127,527

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Operating activities:
Net income	$ 14,820	$ 15,929
Adjustments to reconcile net income (loss) to net cash flow from operating activities:
Depreciation and amortization	72,511	78,630
Gain on sale of property	(33,650)	0
Restructuring costs	11,926	6,881
Asset impairment charges	803	14,239
Pension and other postretirement expenses, net of contributions	(40,715)	(50,244)
Stock-based compensation	10,175	9,221
Change in other assets and liabilities, net	(224)	5,874
Net cash provided by operating activities	35,646	80,530
Investing activities:
Capital expenditures	(25,918)	(27,522)
Payments for investments	(493)	(2,558)
Proceeds from sale of certain assets	6,047	23,390
Proceeds from insurance claim on property	3,500	0
Changes in other investing activities	0	1,401
Net cash used for investing activities	(16,864)	(5,289)
Financing activities:
Dividends paid	(36,661)	(36,131)
Payments for employee taxes withheld from stock awards	(1,587)	(2,806)
Proceeds from borrowings under revolving credit agreement	40,000	140,000
Repayments of borrowings under revolving credit agreement	(40,000)	(325,000)
Proceeds from convertible debt	0	195,167
Proceeds from sale and leaseback transaction		41,791
Deferred payments for acquisitions	(4,853)	0
Changes in other financing activities	138	(17)
Net cash (used for) provided by financing activities	(42,963)	13,004
Effect of currency exchange rate change on cash	53	1,126
Increase (decrease) in cash and cash equivalents and restricted cash	(24,128)	89,371
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	92,733	233,403
Supplemental cash flow information:
Cash paid for taxes, net of refunds	(327)	5,179
Cash paid for interest	8,137	4,086
Non-cash investing and financing activities:
Accrued capital expenditures	$ 1,819	$ 1,252

Basis of presentation and summa

Basis of presentation and summary of significant accounting policies	6 Months Ended
	Jun. 30, 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. Additionally, the company has strong relationships with thousands of marketers in both our U.S. and U.K. markets due to our large local and national sales forces and robust advertising and marketing solutions product suite. The company reports in two operating segments: publishing and ReachLocal. 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 . 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 postretirement 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: June 30, In thousands 2019 2018 Cash and cash equivalents $ 68,558 $ 209,678 Restricted cash included in other current assets 2,607 4,419 Restricted cash included in investments and other assets 21,568 19,306 Total cash, cash equivalents, and restricted cash $ 92,733 $ 233,403 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 uses judgment to determine the incremental borrowing rate used to calculate 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 six months 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 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	6 Months Ended
	Jun. 30, 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 June 30, Six months ended June 30, In thousands 2019 2018 2019 2018 Print advertising $ 184,252 $ 227,894 $ 370,438 $ 453,720 Digital advertising and marketing services 184,076 192,269 363,125 376,755 Total advertising and marketing services 368,328 420,163 733,563 830,475 Circulation 247,092 263,806 499,819 530,392 Other 44,917 46,799 90,380 92,852 Total revenues $ 660,337 $ 730,768 $ 1,323,762 $ 1,453,719 Additionally, approximately 11% of our quarter to date and 12% of our year to date 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 six months ended June 30, 2019 by type of revenue: In thousands Advertising and Other Circulation Total Beginning balance $ 35,742 $ 81,341 $ 117,083 Cash receipts 136,553 407,271 543,824 Revenue recognized (134,630 ) (408,491 ) (543,121 ) Ending balance $ 37,665 $ 80,121 $ 117,786 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 $0.7 million increase in deferred revenue as compared to the year ended December 31, 2018

Leases

Leases	6 Months Ended
	Jun. 30, 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 June 30, 2019 , our Condensed consolidated balance sheets include $256.3 million of operating lease right-to use assets, $36.9 million of short-term operating lease liabilities included in Other current liabilities , and $264.7 million of long-term operating lease liabilities. The components of lease expense for the three and six months ended June 30, 2019 were as follows: In thousands Three months ended June 30, 2019 Six months ended June 30, 2019 Operating lease cost (a) $ 15,831 $ 32,813 Short-term lease cost, excluding expenses relating to leases with a lease term of one month or less 600 1,079 Net lease cost $ 16,431 $ 33,892 (a) Net of sublease income, which is immaterial. Future minimum lease payments under non-cancellable leases as of June 30, 2019 are as follows: In thousands Year Ending December 31, (a) 2019 (excluding the six months ended June 30, 2019) $ 25,409 2020 55,506 2021 50,431 2022 46,212 2023 38,572 Thereafter 192,006 Total future minimum lease payments 408,136 Less: Imputed interest 106,586 Total $ 301,550 (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, were as follows: In thousands, except lease term and discount rate Six months ended June 30, 2019 Supplemental cash flow information Cash paid for amounts included in the measurement of lease liabilities $ 33,460 Right-of-use assets obtained in exchange for lease obligations $ 17,892 As of June 30, 2019 Weighted-average remaining lease term (in years) 8.9 Weighted-average discount rate 6.7 %

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 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 June 30, 2019 was estimated at $2.7 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 was based upon estimated fair values. The determination of the fair value of assets acquired and liabilities assumed has been completed and the final allocation of the purchase price is 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 66,742 Total assets acquired 183,482 Current liabilities 3,987 Noncurrent liabilities 16,562 Total liabilities assumed 20,549 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	6 Months Ended
	Jun. 30, 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 from a legacy print publishing business into a digitally focused media and marketing solutions company, we have engaged in a series of individual restructuring programs. These programs are designed to transform and right size our employee base, consolidate facilities, and eliminate costs that are no longer necessary to run the ongoing business as a result of the evolution of the media industry from print to digital and changes in our business model. As a result of executing these restructuring programs, we have incurred severance charges for positions we do not expect to rehire in the future, facility consolidation costs, accelerated depreciation expenses, and certain asset impairment charges. As part of our plans, we are also 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 June 30, Six months ended June 30, In thousands 2019 2018 2019 2018 Publishing $ 5,150 $ 7,033 $ 12,310 $ 12,661 ReachLocal 100 1,233 120 1,772 Corporate and Other 681 198 3,374 596 Total $ 5,931 $ 8,464 $ 15,804 $ 15,029 The activity and balance of the severance-related liabilities for the six months ended June 30, 2019 are as follows: In thousands Beginning balance $ 32,974 Expense 15,804 Payments (44,499 ) Ending balance $ 4,279 Facility consolidation charges and accelerated depreciation: We recorded facility consolidation charges by segment as follows: Three months ended June 30, Six months ended June 30, In thousands 2019 2018 2019 2018 Publishing $ 840 $ 2,414 $ 2,486 $ 5,148 ReachLocal — 1,733 120 1,733 Corporate and Other — — 37 — Total $ 840 $ 4,147 $ 2,643 $ 6,881 We incurred accelerated depreciation of $0.6 million and $4.2 million for the three months ended June 30, 2019 and 2018 , respectively, which is included in depreciation expense. These expenses were related to the publishing segment. We incurred accelerated depreciation of $2.3 million and $9.4 million for the six months ended June 30, 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 $0.3 million and $10.5 million for the three months ended June 30, 2019 and 2018 , respectively, which consisted entirely of impairment charges for property, plant, and equipment related to the publishing segment. We recorded charges for asset impairments of $0.8 million and $14.2 million for the six months ended June 30, 2019 and 2018 , respectively, which consisted 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 was accounted for under the financing method. In May 2019 , the lease was terminated, and we recognized a gain of $30.6 million on our Condensed consolidated statements of income . 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	6 Months Ended
	Jun. 30, 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 June 30, 2019 . On June 29, 2019, the Company’s Credit Facility became current or due to be repaid on June 29, 2020. As disclosed in Note 14 — Subsequent events , the Company entered into an Agreement and Plan of Merger with New Media Investment Group on August 5, 2019. Should the transaction not close by June 29, 2020, management, with Board approval, will obtain such resources for the Company by refinancing the existing Credit Facility or obtaining new term debt. Management has the ability and intent to proceed with its plan to refinance the existing Credit Facility or obtain new term debt if necessary. As of June 30, 2019 , we had $135.0 million in outstanding borrowings under the Credit Facility and $23.1 million of letters of credit outstanding, leaving $341.9 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 liability component is reported as convertible debt in the Condensed consolidated balance sheets was initially measured at fair value using the present value of its cash flows at a discount rate of 7.91% . The carrying value, which approximates fair value, of the liability component was $171.8 million and $169.3 million at June 30, 2019 and December 31, 2018 , respectively. The residual amount is recorded within additional paid-in capital in the equity section of the Condensed consolidated balance sheets and totaled $30.2 million at both June 30, 2019 and December 31, 2018 . $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 are amortized over the 6 -year contractual life of the notes. The unamortized discount totaled $25.1 million as of June 30, 2019 , which will be amortized over the remaining contractual life of the notes. For the three and six months ended June 30, 2019 , interest expense was $2.4 million and $4.8 million , respectively, amortization of debt issuance costs was $0.2 million and $0.5 million , respectively, and amortization of the discount was $1.1 million and $2.1 million , respectively. For the three and six months ended June 30, 2018 , interest expense on the notes totaled $2.2 million , amortization of debt issuance costs was $0.2 million , and amortization of the discount was $0.9 million . The effective interest rate on the liability component of the notes was 7.91% as of June 30, 2019 and June 30, 2018 . For the three and six months ended June 30, 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 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	6 Months Ended
	Jun. 30, 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 and defined contribution plans. We also provide health care and life insurance benefits to certain retired employees who meet age and service requirements. Retirement plan costs include the following components: Three months ended June 30, 2019 2018 In thousands Pension OPEB Pension OPEB Operating expenses: Service cost - Benefits earned during the period $ 378 $ 20 $ 576 $ 33 Non-operating expenses: Interest cost on benefit obligation 25,675 625 26,598 699 Expected return on plan assets (36,543 ) — (44,476 ) — Amortization of prior service cost (benefit) (513 ) (815 ) 483 (884 ) Amortization of actuarial loss (gain) 16,034 (702 ) 17,152 (275 ) Total non-operating expenses (credit) $ 4,653 $ (892 ) $ (243 ) $ (460 ) Total expense (benefit) for retirement plans $ 5,031 $ (872 ) $ 333 $ (427 ) Six months ended June 30, 2019 2018 In thousands Pension OPEB Pension OPEB Operating expenses: Service cost - Benefits earned during the period $ 807 $ 52 $ 1,178 $ 88 Non-operating expenses: Interest cost on benefit obligation 51,371 1,407 52,019 1,482 Expected return on plan assets (73,077 ) — (89,025 ) — Amortization of prior service cost (benefit) (1,037 ) (1,627 ) 962 (1,767 ) Amortization of actuarial loss (gain) 32,061 (932 ) 32,533 (180 ) Curtailments — 192 — — Other — (1,018 ) — — Total non-operating expenses (credit) $ 9,318 $ (1,978 ) $ (3,511 ) $ (465 ) Total expense (benefit) for retirement plans $ 10,125 $ (1,926 ) $ (2,333 ) $ (377 ) During the six months ended June 30, 2019 , we contributed $44.0 million and $4.9 million to our pension and other postretirement plans, respectively. Multi-employer plans that provide pension benefits: During the six months ended June 30, 2019 , we incurred $9.3 million in restructuring costs on the Condensed consolidated statements of income 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 June 30, 2019 , we had pension withdrawal liabilities of $3.6 million included in Current liabilities and $39.4 million included in Other noncurrent liabilities on the Condensed consolidated balance sheets .

Income taxes

Income taxes	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income taxes	NOTE 8 — Income taxes The following table outlines our pre-tax net income and income tax amounts: Three months ended June 30, Six months ended June 30, In thousands 2019 2018 2019 2018 Pre-tax net income $ 39,454 $ 16,207 $ 23,967 $ 15,701 Income tax expense (benefit) 12,729 (99 ) 9,147 (228 ) Effective tax rate 32.3 % *** 38.2 % *** *** Indicates a percentage that is not meaningful. Our reported effective tax rate for the three and six months ended June 30, 2019 was higher than the comparable periods ended June 30, 2018 , primarily due to certain favorable adjustments recorded during the three months ended June 30, 2018 such as rate change impacts stemming from tax reform of $2.1 million and the release of a deferred tax asset valuation allowance of $1.7 million . In addition, tax expense for the three months ended June 30, 2019 was adversely impacted by $1.9 million from the sale of our Brazil subsidiary. The total amount of unrecognized tax benefits that, if recognized, would impact the effective tax rate was approximately $23.7 million as of June 30, 2019 and $22.5 million as of December 31, 2018 . The amount of accrued interest and penalties payable related to unrecognized tax benefits was $1.6 million as of June 30, 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	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Supplemental equity information	NOTE 9 — Supplemental equity information The following tables summarize equity activity for the three and six months ended June 30, 2019 and 2018 : Three months ended June 30, 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 $ 1,202 $ (50,046 ) $ 1,822,967 $ (138,225 ) $ (597,176 ) $ 1,038,722 Net income — — — 26,725 — 26,725 Other comprehensive income, net of tax — — — — 14,217 14,217 Total comprehensive income 40,942 Dividends declared: $0.16 per share — — — (18,334 ) — (18,334 ) Restricted stock awards settled 1 — (88 ) — — (87 ) Performance share units settled — — — — — — Stock-based compensation — — 5,091 — — 5,091 Other activity — — (7 ) — — (7 ) Ending balance $ 1,203 $ (50,046 ) $ 1,827,963 $ (129,834 ) $ (582,959 ) $ 1,066,327 Three months ended June 30, 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 $ 1,186 $ (50,046 ) $ 1,786,424 $ (82,470 ) $ (636,642 ) $ 1,018,452 Net income — — — 16,306 — 16,306 Other comprehensive income, net of tax — — — — 91,723 91,723 Total comprehensive income 108,029 Dividends declared: $0.16 per share — — — (18,195 ) — (18,195 ) Convertible debt conversion feature — — 21,561 — — 21,561 Restricted stock awards settled 1 — 102 — — 103 Stock-based compensation — — 4,569 — — 4,569 Other activity — — (119 ) — — (119 ) Ending balance $ 1,187 $ (50,046 ) $ 1,812,537 $ (84,359 ) $ (544,919 ) $ 1,134,400 Six months ended June 30, 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 income — — — 14,820 — 14,820 Other comprehensive income, net of tax — — — — 33,737 33,737 Total comprehensive income 48,557 Dividends declared: $0.16 per share — — — (36,661 ) — (36,661 ) Adoption of new lease guidance (a) — — — 13,442 — 13,442 Restricted stock awards settled 14 — (4,498 ) — — (4,484 ) Performance share units settled — — — — — — Stock-based compensation — — 10,175 — — 10,175 Other activity — — 192 — — 192 Ending balance $ 1,203 $ (50,046 ) $ 1,827,963 $ (129,834 ) $ (582,959 ) $ 1,066,327 (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. Six months ended June 30, 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 income — — — 15,929 — 15,929 Other comprehensive income, net of tax — — — — 111,598 111,598 Total comprehensive income 127,527 Dividends declared: $0.16 per share — — — (36,130 ) — (36,130 ) Convertible debt conversion feature — — 21,561 — — 21,561 Restricted stock awards settled 8 — (3,100 ) — — (3,092 ) Performance share units settled 4 — (2,437 ) — — (2,433 ) Stock-based compensation — — 9,221 — — 9,221 Other activity — — 351 — — 351 Ending balance $ 1,187 $ (50,046 ) $ 1,812,537 $ (84,359 ) $ (544,919 ) $ 1,134,400 Approximately 1.5 million and 1.2 million new shares were issued for the six months ended June 30, 2019 and 2018 , respectively. The following tables summarize the components of, and the changes in, Accumulated other comprehensive loss (net of tax) for the six months ended June 30, 2019 and 2018 : Six months ended June 30, 2019 In thousands Retirement Plans Foreign Currency Translation Total Beginning balance $ (929,170 ) $ 312,474 $ (616,696 ) Other comprehensive income (loss) before reclassifications 7,700 4,567 12,267 Amounts reclassified from accumulated other comprehensive loss 21,470 — 21,470 Other comprehensive income 29,170 4,567 33,737 Ending balance $ (900,000 ) $ 317,041 $ (582,959 ) Six months ended June 30, 2018 In thousands Retirement Plans Foreign Currency Translation Total Beginning balance $ (1,000,790 ) $ 344,273 $ (656,517 ) Other comprehensive income (loss) before reclassifications 101,753 (13,936 ) 87,817 Amounts reclassified from accumulated other comprehensive loss 23,781 — 23,781 Other comprehensive income 125,534 (13,936 ) 111,598 Ending balance $ (875,256 ) $ 330,337 $ (544,919 ) 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 June 30, Six months ended June 30, In thousands 2019 2018 2019 2018 Amortization of prior service credit, net $ (1,328 ) $ (401 ) $ (2,664 ) $ (805 ) Amortization of actuarial loss 15,332 16,877 31,129 32,353 Total reclassifications, before tax 14,004 16,476 28,465 31,548 Income tax effect (3,440 ) (4,064 ) (6,995 ) (7,767 ) Total reclassifications, net of tax $ 10,564 $ 12,412 $ 21,470 $ 23,781

Fair value measurement

Fair value measurement	6 Months Ended
	Jun. 30, 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 June 30, 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 $2.7 million as of June 30, 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 non-recurring 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 $31.1 million as of June 30, 2019 and $23.3 million as of December 31, 2018 .

Commitments, contingencies and

Commitments, contingencies and other matters	6 Months Ended
	Jun. 30, 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.

Earnings per share

Earnings per share	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Earnings per share	NOTE 12 — Earnings per share The following table is a reconciliation of weighted average number of shares outstanding used to compute basic and diluted earnings per share (EPS): In thousands, except per share data Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Net income $ 26,725 $ 16,306 $ 14,820 $ 15,929 Weighted average number of shares outstanding - basic 114,521 112,946 114,485 112,852 Effect of dilutive securities Restricted stock units 821 2,243 1,087 2,245 Performance share units 1,346 954 1,787 855 Stock options 4 76 16 83 Weighted average number of shares outstanding - diluted 116,692 116,219 117,375 116,035 Earnings per share - basic $ 0.23 $ 0.14 $ 0.13 $ 0.14 Earnings per share - diluted $ 0.23 $ 0.14 $ 0.13 $ 0.14 For the three and six months ended June 30, 2019 , approximately 327,000 and 374,000 outstanding common stock equivalents, respectively, were excluded from the computation of diluted EPS because their effect would have been anti-dilutive. For the three and six months ended June 30, 2018 , approximately 209,000 and 719,000 outstanding common stock equivalents, respectively, were excluded from the computation of diluted EPS because their effect would have been anti-dilutive. On May 6, 2019 , we declared a dividend of $0.16 per share of common stock, which was paid on June 24, 2019 , to shareholders of record as of the close of business on June 10, 2019 . Furthermore, on July 23, 2019 , we declared a dividend of $0.16 per share of common stock, payable on September 30, 2019 , to shareholders of record as of the close of business on September 16, 2019

Segment reporting

Segment reporting	6 Months Ended
	Jun. 30, 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 Interim Chief Operating Officer, manages our 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 and do not represent ongoing expenses necessary to conduct our day-to-day operations. The following tables present our segment information: Three months ended June 30, 2019 In thousands Publishing ReachLocal Corporate and Other Intersegment eliminations Consolidated Advertising and marketing services - external sales $ 269,762 $ 98,566 $ — $ — $ 368,328 Advertising and marketing services - intersegment sales 16,092 — — (16,092 ) — Circulation 247,092 — — — 247,092 Other 43,227 — 1,690 — 44,917 Total revenues $ 576,173 $ 98,566 $ 1,690 $ (16,092 ) $ 660,337 Adjusted EBITDA $ 90,664 $ 12,200 $ (26,642 ) $ — $ 76,222 Three months ended June 30, 2018 In thousands Publishing ReachLocal Corporate and Other Intersegment Eliminations Consolidated Advertising and marketing services - external sales $ 319,728 $ 100,435 $ — $ — $ 420,163 Advertising and marketing services - intersegment sales 16,027 — — (16,027 ) — Circulation 263,806 — — — 263,806 Other 44,990 — 1,809 — 46,799 Total revenues $ 644,551 $ 100,435 $ 1,809 $ (16,027 ) $ 730,768 Adjusted EBITDA $ 94,358 $ 10,271 $ (19,030 ) $ — $ 85,599 Six months ended June 30, 2019 In thousands Publishing ReachLocal Corporate and Other Intersegment eliminations Consolidated Advertising and marketing services - external sales $ 537,816 $ 195,747 $ — $ — $ 733,563 Advertising and marketing services - intersegment sales 30,618 — — (30,618 ) — Circulation 499,819 — — — 499,819 Other 87,087 — 3,293 — 90,380 Total revenues $ 1,155,340 $ 195,747 $ 3,293 $ (30,618 ) $ 1,323,762 Adjusted EBITDA $ 172,047 $ 19,831 $ (52,330 ) $ — $ 139,548 Six months ended June 30, 2018 In thousands Publishing ReachLocal Corporate and Other Intersegment eliminations Consolidated Advertising and marketing services - external sales $ 633,552 $ 196,923 $ — $ — $ 830,475 Advertising and marketing services - intersegment sales 30,200 — — (30,200 ) — Circulation 530,392 — — — 530,392 Other 89,067 — 3,785 — 92,852 Total revenues $ 1,283,211 $ 196,923 $ 3,785 $ (30,200 ) $ 1,453,719 Adjusted EBITDA $ 172,116 $ 16,480 $ (47,929 ) $ — $ 140,667 The following table presents our reconciliation of adjusted EBITDA to net income: Three months ended June 30, Six months ended June 30, In thousands 2019 2018 2019 2018 Net income (GAAP basis) $ 26,725 $ 16,306 $ 14,820 $ 15,929 Provision (benefit) for income taxes 12,729 (99 ) 9,147 (228 ) Interest expense 6,879 5,935 13,844 10,413 Other non-operating items, net 6,104 (4,042 ) 9,134 (8,353 ) Operating income (GAAP basis) 52,437 18,100 46,945 17,761 Depreciation and amortization 35,466 38,378 72,511 78,630 Gain on sale of property (32,768 ) — (33,650 ) — Restructuring costs 6,771 12,611 27,730 21,910 Asset impairment charges 274 10,483 803 14,239 Other items 14,042 6,027 25,209 8,127 Adjusted EBITDA (non-GAAP basis) $ 76,222 $ 85,599 $ 139,548 $ 140,667

Subsequent events

Subsequent events	6 Months Ended
	Jun. 30, 2019
Subsequent Events [Abstract]
Subsequent events	NOTE 14 — Subsequent events On August 5, 2019, the Company entered into an Agreement and Plan of Merger (the "Merger Agreement") with New Media Investment Group Inc., a Delaware corporation (“New Media”), Arctic Holdings LLC, a Delaware limited liability company and wholly owned subsidiary of New Media (“Intermediate HoldCo”), and Arctic Acquisition Corp., a Delaware corporation and wholly owned subsidiary of Intermediate Holdco (“Merger Sub”), pursuant to which, among other things and subject to the satisfaction or waiver of specified conditions, Merger Sub will merge with and into the Company (the “Merger”), with the Company surviving the Merger as a direct wholly owned subsidiary of Intermediate Holdco and indirect wholly owned subsidiary of New Media. Under the terms of the Merger Agreement, at the time the Merger becomes effective (the "Effective Time") each Company common share issued and outstanding immediately prior to the Effective Time will be automatically converted into (i) 0.5427 shares of common stock of New Media and (ii) the right to receive $6.25 in cash, without interest, plus cash in lieu of any fractional shares of New Media common stock that otherwise would have been issued. The Company and New Media have made customary representations, warranties and covenants in the Merger Agreement. The closing of the Merger is subject to the adoption of the Merger Agreement by the Company’s and New Media's respective shareholders and other customary closing conditions.

Basis of presentation and sum_2

Basis of presentation and summary of significant accounting policies (Policies)	6 Months Ended
	Jun. 30, 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 .
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 postretirement 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 . 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 uses judgment to determine the incremental borrowing rate used to calculate 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 and not yet adopted accounting pronouncements	New accounting pronouncements adopted: The following are new accounting pronouncements that we adopted in the first six months 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 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)	6 Months Ended
	Jun. 30, 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: June 30, In thousands 2019 2018 Cash and cash equivalents $ 68,558 $ 209,678 Restricted cash included in other current assets 2,607 4,419 Restricted cash included in investments and other assets 21,568 19,306 Total cash, cash equivalents, and restricted cash $ 92,733 $ 233,403

Revenues (Tables)

Revenues (Tables)	6 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table presents our revenues disaggregated by source: Three months ended June 30, Six months ended June 30, In thousands 2019 2018 2019 2018 Print advertising $ 184,252 $ 227,894 $ 370,438 $ 453,720 Digital advertising and marketing services 184,076 192,269 363,125 376,755 Total advertising and marketing services 368,328 420,163 733,563 830,475 Circulation 247,092 263,806 499,819 530,392 Other 44,917 46,799 90,380 92,852 Total revenues $ 660,337 $ 730,768 $ 1,323,762 $ 1,453,719
Deferred Revenue	The following table presents changes in the deferred revenue balance for the six months ended June 30, 2019 by type of revenue: In thousands Advertising and Other Circulation Total Beginning balance $ 35,742 $ 81,341 $ 117,083 Cash receipts 136,553 407,271 543,824 Revenue recognized (134,630 ) (408,491 ) (543,121 ) Ending balance $ 37,665 $ 80,121 $ 117,786

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Lease Cost	The components of lease expense for the three and six months ended June 30, 2019 were as follows: In thousands Three months ended June 30, 2019 Six months ended June 30, 2019 Operating lease cost (a) $ 15,831 $ 32,813 Short-term lease cost, excluding expenses relating to leases with a lease term of one month or less 600 1,079 Net lease cost $ 16,431 $ 33,892 (a) Net of sublease income, which is immaterial. Other information related to leases, all of which are operating leases, were as follows: In thousands, except lease term and discount rate Six months ended June 30, 2019 Supplemental cash flow information Cash paid for amounts included in the measurement of lease liabilities $ 33,460 Right-of-use assets obtained in exchange for lease obligations $ 17,892 As of June 30, 2019 Weighted-average remaining lease term (in years) 8.9 Weighted-average discount rate 6.7 %
Operating Lease Liability, Maturity	Future minimum lease payments under non-cancellable leases as of June 30, 2019 are as follows: In thousands Year Ending December 31, (a) 2019 (excluding the six months ended June 30, 2019) $ 25,409 2020 55,506 2021 50,431 2022 46,212 2023 38,572 Thereafter 192,006 Total future minimum lease payments 408,136 Less: Imputed interest 106,586 Total $ 301,550 (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)	6 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	acquired and liabilities assumed has been completed and the final allocation of the purchase price is 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 66,742 Total assets acquired 183,482 Current liabilities 3,987 Noncurrent liabilities 16,562 Total liabilities assumed 20,549 Net assets acquired $ 162,933

Restructuring activities and _2

Restructuring activities and asset impairment charges (Tables)	6 Months Ended
	Jun. 30, 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 June 30, Six months ended June 30, In thousands 2019 2018 2019 2018 Publishing $ 5,150 $ 7,033 $ 12,310 $ 12,661 ReachLocal 100 1,233 120 1,772 Corporate and Other 681 198 3,374 596 Total $ 5,931 $ 8,464 $ 15,804 $ 15,029 The activity and balance of the severance-related liabilities for the six months ended June 30, 2019 are as follows: In thousands Beginning balance $ 32,974 Expense 15,804 Payments (44,499 ) Ending balance $ 4,279
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 June 30, Six months ended June 30, In thousands 2019 2018 2019 2018 Publishing $ 840 $ 2,414 $ 2,486 $ 5,148 ReachLocal — 1,733 120 1,733 Corporate and Other — — 37 — Total $ 840 $ 4,147 $ 2,643 $ 6,881

Pensions and other postretire_2

Pensions and other postretirement benefit plans (Tables)	6 Months Ended
	Jun. 30, 2019
Retirement Benefits [Abstract]
Benefit costs	Retirement plan costs include the following components: Three months ended June 30, 2019 2018 In thousands Pension OPEB Pension OPEB Operating expenses: Service cost - Benefits earned during the period $ 378 $ 20 $ 576 $ 33 Non-operating expenses: Interest cost on benefit obligation 25,675 625 26,598 699 Expected return on plan assets (36,543 ) — (44,476 ) — Amortization of prior service cost (benefit) (513 ) (815 ) 483 (884 ) Amortization of actuarial loss (gain) 16,034 (702 ) 17,152 (275 ) Total non-operating expenses (credit) $ 4,653 $ (892 ) $ (243 ) $ (460 ) Total expense (benefit) for retirement plans $ 5,031 $ (872 ) $ 333 $ (427 ) Six months ended June 30, 2019 2018 In thousands Pension OPEB Pension OPEB Operating expenses: Service cost - Benefits earned during the period $ 807 $ 52 $ 1,178 $ 88 Non-operating expenses: Interest cost on benefit obligation 51,371 1,407 52,019 1,482 Expected return on plan assets (73,077 ) — (89,025 ) — Amortization of prior service cost (benefit) (1,037 ) (1,627 ) 962 (1,767 ) Amortization of actuarial loss (gain) 32,061 (932 ) 32,533 (180 ) Curtailments — 192 — — Other — (1,018 ) — — Total non-operating expenses (credit) $ 9,318 $ (1,978 ) $ (3,511 ) $ (465 ) Total expense (benefit) for retirement plans $ 10,125 $ (1,926 ) $ (2,333 ) $ (377 )

Income taxes (Tables)

Income taxes (Tables)	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The following table outlines our pre-tax net income and income tax amounts: Three months ended June 30, Six months ended June 30, In thousands 2019 2018 2019 2018 Pre-tax net income $ 39,454 $ 16,207 $ 23,967 $ 15,701 Income tax expense (benefit) 12,729 (99 ) 9,147 (228 ) Effective tax rate 32.3 % *** 38.2 % *** *** Indicates a percentage that is not meaningful.

Supplemental equity informati_2

Supplemental equity information (Tables)	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Schedule of Equity	The following tables summarize equity activity for the three and six months ended June 30, 2019 and 2018 : Three months ended June 30, 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 $ 1,202 $ (50,046 ) $ 1,822,967 $ (138,225 ) $ (597,176 ) $ 1,038,722 Net income — — — 26,725 — 26,725 Other comprehensive income, net of tax — — — — 14,217 14,217 Total comprehensive income 40,942 Dividends declared: $0.16 per share — — — (18,334 ) — (18,334 ) Restricted stock awards settled 1 — (88 ) — — (87 ) Performance share units settled — — — — — — Stock-based compensation — — 5,091 — — 5,091 Other activity — — (7 ) — — (7 ) Ending balance $ 1,203 $ (50,046 ) $ 1,827,963 $ (129,834 ) $ (582,959 ) $ 1,066,327 Three months ended June 30, 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 $ 1,186 $ (50,046 ) $ 1,786,424 $ (82,470 ) $ (636,642 ) $ 1,018,452 Net income — — — 16,306 — 16,306 Other comprehensive income, net of tax — — — — 91,723 91,723 Total comprehensive income 108,029 Dividends declared: $0.16 per share — — — (18,195 ) — (18,195 ) Convertible debt conversion feature — — 21,561 — — 21,561 Restricted stock awards settled 1 — 102 — — 103 Stock-based compensation — — 4,569 — — 4,569 Other activity — — (119 ) — — (119 ) Ending balance $ 1,187 $ (50,046 ) $ 1,812,537 $ (84,359 ) $ (544,919 ) $ 1,134,400 Six months ended June 30, 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 income — — — 14,820 — 14,820 Other comprehensive income, net of tax — — — — 33,737 33,737 Total comprehensive income 48,557 Dividends declared: $0.16 per share — — — (36,661 ) — (36,661 ) Adoption of new lease guidance (a) — — — 13,442 — 13,442 Restricted stock awards settled 14 — (4,498 ) — — (4,484 ) Performance share units settled — — — — — — Stock-based compensation — — 10,175 — — 10,175 Other activity — — 192 — — 192 Ending balance $ 1,203 $ (50,046 ) $ 1,827,963 $ (129,834 ) $ (582,959 ) $ 1,066,327 (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. Six months ended June 30, 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 income — — — 15,929 — 15,929 Other comprehensive income, net of tax — — — — 111,598 111,598 Total comprehensive income 127,527 Dividends declared: $0.16 per share — — — (36,130 ) — (36,130 ) Convertible debt conversion feature — — 21,561 — — 21,561 Restricted stock awards settled 8 — (3,100 ) — — (3,092 ) Performance share units settled 4 — (2,437 ) — — (2,433 ) Stock-based compensation — — 9,221 — — 9,221 Other activity — — 351 — — 351 Ending balance $ 1,187 $ (50,046 ) $ 1,812,537 $ (84,359 ) $ (544,919 ) $ 1,134,400
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 six months ended June 30, 2019 and 2018 : Six months ended June 30, 2019 In thousands Retirement Plans Foreign Currency Translation Total Beginning balance $ (929,170 ) $ 312,474 $ (616,696 ) Other comprehensive income (loss) before reclassifications 7,700 4,567 12,267 Amounts reclassified from accumulated other comprehensive loss 21,470 — 21,470 Other comprehensive income 29,170 4,567 33,737 Ending balance $ (900,000 ) $ 317,041 $ (582,959 ) Six months ended June 30, 2018 In thousands Retirement Plans Foreign Currency Translation Total Beginning balance $ (1,000,790 ) $ 344,273 $ (656,517 ) Other comprehensive income (loss) before reclassifications 101,753 (13,936 ) 87,817 Amounts reclassified from accumulated other comprehensive loss 23,781 — 23,781 Other comprehensive income 125,534 (13,936 ) 111,598 Ending balance $ (875,256 ) $ 330,337 $ (544,919 )
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 June 30, Six months ended June 30, In thousands 2019 2018 2019 2018 Amortization of prior service credit, net $ (1,328 ) $ (401 ) $ (2,664 ) $ (805 ) Amortization of actuarial loss 15,332 16,877 31,129 32,353 Total reclassifications, before tax 14,004 16,476 28,465 31,548 Income tax effect (3,440 ) (4,064 ) (6,995 ) (7,767 ) Total reclassifications, net of tax $ 10,564 $ 12,412 $ 21,470 $ 23,781

Earnings per share (Tables)

Earnings per share (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table is a reconciliation of weighted average number of shares outstanding used to compute basic and diluted earnings per share (EPS): In thousands, except per share data Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Net income $ 26,725 $ 16,306 $ 14,820 $ 15,929 Weighted average number of shares outstanding - basic 114,521 112,946 114,485 112,852 Effect of dilutive securities Restricted stock units 821 2,243 1,087 2,245 Performance share units 1,346 954 1,787 855 Stock options 4 76 16 83 Weighted average number of shares outstanding - diluted 116,692 116,219 117,375 116,035 Earnings per share - basic $ 0.23 $ 0.14 $ 0.13 $ 0.14 Earnings per share - diluted $ 0.23 $ 0.14 $ 0.13 $ 0.14

Segment reporting (Tables)

Segment reporting (Tables)	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables present our segment information: Three months ended June 30, 2019 In thousands Publishing ReachLocal Corporate and Other Intersegment eliminations Consolidated Advertising and marketing services - external sales $ 269,762 $ 98,566 $ — $ — $ 368,328 Advertising and marketing services - intersegment sales 16,092 — — (16,092 ) — Circulation 247,092 — — — 247,092 Other 43,227 — 1,690 — 44,917 Total revenues $ 576,173 $ 98,566 $ 1,690 $ (16,092 ) $ 660,337 Adjusted EBITDA $ 90,664 $ 12,200 $ (26,642 ) $ — $ 76,222 Three months ended June 30, 2018 In thousands Publishing ReachLocal Corporate and Other Intersegment Eliminations Consolidated Advertising and marketing services - external sales $ 319,728 $ 100,435 $ — $ — $ 420,163 Advertising and marketing services - intersegment sales 16,027 — — (16,027 ) — Circulation 263,806 — — — 263,806 Other 44,990 — 1,809 — 46,799 Total revenues $ 644,551 $ 100,435 $ 1,809 $ (16,027 ) $ 730,768 Adjusted EBITDA $ 94,358 $ 10,271 $ (19,030 ) $ — $ 85,599 Six months ended June 30, 2019 In thousands Publishing ReachLocal Corporate and Other Intersegment eliminations Consolidated Advertising and marketing services - external sales $ 537,816 $ 195,747 $ — $ — $ 733,563 Advertising and marketing services - intersegment sales 30,618 — — (30,618 ) — Circulation 499,819 — — — 499,819 Other 87,087 — 3,293 — 90,380 Total revenues $ 1,155,340 $ 195,747 $ 3,293 $ (30,618 ) $ 1,323,762 Adjusted EBITDA $ 172,047 $ 19,831 $ (52,330 ) $ — $ 139,548 Six months ended June 30, 2018 In thousands Publishing ReachLocal Corporate and Other Intersegment eliminations Consolidated Advertising and marketing services - external sales $ 633,552 $ 196,923 $ — $ — $ 830,475 Advertising and marketing services - intersegment sales 30,200 — — (30,200 ) — Circulation 530,392 — — — 530,392 Other 89,067 — 3,785 — 92,852 Total revenues $ 1,283,211 $ 196,923 $ 3,785 $ (30,200 ) $ 1,453,719 Adjusted EBITDA $ 172,116 $ 16,480 $ (47,929 ) $ — $ 140,667 The following table presents our reconciliation of adjusted EBITDA to net income: Three months ended June 30, Six months ended June 30, In thousands 2019 2018 2019 2018 Net income (GAAP basis) $ 26,725 $ 16,306 $ 14,820 $ 15,929 Provision (benefit) for income taxes 12,729 (99 ) 9,147 (228 ) Interest expense 6,879 5,935 13,844 10,413 Other non-operating items, net 6,104 (4,042 ) 9,134 (8,353 ) Operating income (GAAP basis) 52,437 18,100 46,945 17,761 Depreciation and amortization 35,466 38,378 72,511 78,630 Gain on sale of property (32,768 ) — (33,650 ) — Restructuring costs 6,771 12,611 27,730 21,910 Asset impairment charges 274 10,483 803 14,239 Other items 14,042 6,027 25,209 8,127 Adjusted EBITDA (non-GAAP basis) $ 76,222 $ 85,599 $ 139,548 $ 140,667

Basis of presentation and sum_4

Basis of presentation and summary of significant accounting policies - Narrative (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)brandsegmentorganizationstate	Jan. 01, 2019USD ($)
Significant Accounting Policies [Line Items]
Number of operating segments | segment	2
Adjustment to beginning retained earnings		$ 13,442
Net lease assets	$ 256,324	268,900
Net lease liability	$ 301,550	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
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	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Basis of Presentation and Significant Accounting Policies [Abstract]
Cash and cash equivalents	$ 68,558	$ 93,559	$ 209,678
Restricted cash included in other current assets	2,607		4,419
Restricted cash included in investments and other assets	21,568		19,306
Total cash, cash equivalents, and restricted cash	$ 92,733	$ 116,861	$ 233,403	$ 144,032

Revenues - Disaggregation of Re

Revenues - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disaggregation of Revenue [Line Items]
Total operating revenues	$ 660,337	$ 730,768	$ 1,323,762	$ 1,453,719
Print advertising
Disaggregation of Revenue [Line Items]
Total operating revenues	184,252	227,894	370,438	453,720
Digital advertising and marketing services
Disaggregation of Revenue [Line Items]
Total operating revenues	184,076	192,269	363,125	376,755
Total advertising and marketing services
Disaggregation of Revenue [Line Items]
Total operating revenues	368,328	420,163	733,563	830,475
Circulation
Disaggregation of Revenue [Line Items]
Total operating revenues	247,092	263,806	499,819	530,392
Other
Disaggregation of Revenue [Line Items]
Total operating revenues	$ 44,917	$ 46,799	$ 90,380	$ 92,852

Revenues - Narrative (Details)

Revenues - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Increase in deferred revenue		$ 0.7
International
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue, percentage	11.00%	12.00%
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	6 Months Ended
	Jun. 30, 2019USD ($)
Movement in Deferred Revenue [Roll Forward]
Beginning balance	$ 117,083
Cash receipts	543,824
Revenue recognized	(543,121)
Ending balance	117,786
Advertising and Other
Movement in Deferred Revenue [Roll Forward]
Beginning balance	35,742
Cash receipts	136,553
Revenue recognized	(134,630)
Ending balance	37,665
Circulation
Movement in Deferred Revenue [Roll Forward]
Beginning balance	81,341
Cash receipts	407,271
Revenue recognized	(408,491)
Ending balance	$ 80,121

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jan. 01, 2019
Lessee, Lease, Description [Line Items]
Operating lease assets	$ 256,324	$ 268,900
Short-term operating lease liabilities	36,900
Long-term operating lease liabilities	$ 264,655
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) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Leases [Abstract]
Operating lease cost	$ 15,831	$ 32,813
Short-term lease cost, excluding expenses relating to leases with a lease term of one month or less	600	1,079
Net lease cost	$ 16,431	$ 33,892

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jan. 01, 2019
Leases [Abstract]
2019 (excluding the six months ended June 30, 2019)	$ 25,409
2020	55,506
2021	50,431
2022	46,212
2023	38,572
Thereafter	192,006
Total future minimum lease payments	408,136
Less: Imputed interest	106,586
Total	301,550	$ 317,400
Lease payments for leases signed but not yet commenced	$ 4,400

Leases - Other Information (Det

Leases - Other Information (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Supplemental cash flow information:
Cash paid for amounts included in the measurement of lease liabilities	$ 33,460
Right-of-use assets obtained in exchange for lease obligations	$ 17,892
Weighted-average remaining lease term (in years)	8 years 10 months 24 days
Weighted-average discount rate	6.70%

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) - WordStream - USD ($) $ in Millions	1 Months Ended
	Jul. 31, 2018	Jun. 30, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Payments for acquisitions, net of cash acquired	$ 132.5
Contingent consideration	$ 9.5	$ 2.7	$ 20

Acquisitions - Schedule of Asse

Acquisitions - Schedule of Assets Acquired, Liabilities Assumed (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Jul. 31, 2018
Business Acquisition [Line Items]
Goodwill	$ 779,626	$ 779,597
WordStream
Business Acquisition [Line Items]
Cash and restricted cash acquired			$ 20,954
Other current assets			9,159
Property, plant and equipment			1,072
Goodwill			66,742
Total assets acquired			183,482
Current liabilities			3,987
Noncurrent liabilities			16,562
Total liabilities assumed			20,549
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		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Restructuring Cost and Reserve [Line Items]
Severance related expenses	$ 6,771	$ 12,611	$ 27,730	$ 21,910
Severance
Restructuring Cost and Reserve [Line Items]
Severance related expenses	5,931	8,464	15,804	15,029
Operating Segments | Publishing | Severance
Restructuring Cost and Reserve [Line Items]
Severance related expenses	5,150	7,033	12,310	12,661
Operating Segments | ReachLocal | Severance
Restructuring Cost and Reserve [Line Items]
Severance related expenses	100	1,233	120	1,772
Corporate and Other | Severance
Restructuring Cost and Reserve [Line Items]
Severance related expenses	$ 681	$ 198	$ 3,374	$ 596

Restructuring activities and _4

Restructuring activities and asset impairment charges - Restructuring Reserve (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Restructuring Reserve [Roll Forward]
Expense	$ 6,771	$ 12,611	$ 27,730	$ 21,910
Severance
Restructuring Reserve [Roll Forward]
Beginning balance			32,974
Expense	5,931	$ 8,464	15,804	$ 15,029
Payments			(44,499)
Ending balance	$ 4,279		$ 4,279

Restructuring activities and _5

Restructuring activities and asset impairment charges - Facility Consolidation Charges and Accelerated Depreciation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 6,771	$ 12,611	$ 27,730	$ 21,910
Facility Closing
Restructuring Cost and Reserve [Line Items]
Restructuring costs	840	4,147	2,643	6,881
Operating Segments | Publishing | Facility Closing
Restructuring Cost and Reserve [Line Items]
Restructuring costs	840	2,414	2,486	5,148
Operating Segments | ReachLocal | Facility Closing
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0	1,733	120	1,733
Corporate and Other | Facility Closing
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 0	$ 0	$ 37	$ 0

Restructuring activities and _6

Restructuring activities and asset impairment charges - Narrative (Details) - USD ($) $ in Thousands	Feb. 05, 2018	Jun. 30, 2019	Dec. 31, 2018	Feb. 28, 2018	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Restructuring Cost and Reserve [Line Items]
Asset impairment charges					$ 274	$ 10,483	$ 803	$ 14,239
Rent-free leaseback term				15 months
Proceeds from sale of property, plant, and equipment	$ 41,800		$ 33,900
Gain on sale of property		$ 30,600			32,768	0	33,650	0
Leaseback agreement			7 years
Deferred gain on sale of property			$ 13,200
Publishing
Restructuring Cost and Reserve [Line Items]
Accelerated depreciation					$ 600	$ 4,200	$ 2,300	$ 9,400
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	Jun. 30, 2019USD ($)shares	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)shares	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Line of Credit Facility [Line Items]
Convertible debt, liability component		$ 171,832,000		$ 171,832,000		$ 169,264,000
Shares issued in debt conversion (in shares) | shares		0		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		$ 171,800,000		$ 171,800,000		169,300,000
Residual amount of convertible debt		30,200,000		30,200,000		$ 30,200,000
Debt issuance costs		6,300,000		6,300,000
Debt issuance costs allocated to debt		5,400,000		5,400,000
Debt issuance costs allocated to equity		900,000		$ 900,000
Contractual life of the notes				6 years
Unamortized discount		25,100,000		$ 25,100,000
Interest expense on notes		2,400,000	$ 2,200,000	4,800,000	$ 2,200,000
Amortization of debt issuance costs		200,000	200,000	500,000	200,000
Amortization of debt discount		$ 1,100,000	$ 900,000	$ 2,100,000	$ 900,000
Effective interest rate (as a percent)		7.91%	7.91%	7.91%	7.91%
Line of Credit | Revolving Credit Facility
Line of Credit Facility [Line Items]
Outstanding amount		$ 135,000,000		$ 135,000,000
Remaining borrowing capacity		341,900,000		341,900,000
Line of Credit | Letter of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity		50,000,000		50,000,000
Outstanding amount		23,100,000		23,100,000
Line of Credit | Credit Facility | Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 500,000,000		$ 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		0.0791

Pensions and other postretire_3

Pensions and other postretirement benefit plans - Retirement Plan Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Pension
Company's pension costs
Service cost - Benefits earned during the period	$ 378	$ 576	$ 807	$ 1,178
Interest cost on benefit obligation	25,675	26,598	51,371	52,019
Expected return on plan assets	(36,543)	(44,476)	(73,077)	(89,025)
Amortization of prior service cost (benefit)	(513)	483	(1,037)	962
Amortization of actuarial loss (gain)	16,034	17,152	32,061	32,533
Curtailments			0	0
Other			0	0
Total non-operating expenses (credit)	4,653	(243)	9,318	(3,511)
Total expense (benefit) for retirement plans	5,031	333	10,125	(2,333)
OPEB
Company's pension costs
Service cost - Benefits earned during the period	20	33	52	88
Interest cost on benefit obligation	625	699	1,407	1,482
Expected return on plan assets	0	0	0	0
Amortization of prior service cost (benefit)	(815)	(884)	(1,627)	(1,767)
Amortization of actuarial loss (gain)	(702)	(275)	(932)	(180)
Curtailments			192	0
Other			(1,018)	0
Total non-operating expenses (credit)	(892)	(460)	(1,978)	(465)
Total expense (benefit) for retirement plans	$ (872)	$ (427)	$ (1,926)	$ (377)

Pensions and other postretire_4

Pensions and other postretirement benefit plans - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Defined Benefit Plan Disclosure [Line Items]
Restructuring costs	$ 6,771	$ 12,611	$ 27,730	$ 21,910
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Contribution to the defined benefit plans			44,000
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			4,900
Other Current Liabilities | Multiemployer Plans, Pension
Defined Benefit Plan Disclosure [Line Items]
Pension withdrawal liability, current	3,600		3,600
Other Noncurrent Liabilities | Multiemployer Plans, Pension
Defined Benefit Plan Disclosure [Line Items]
Pension withdrawal liability, current	$ 39,400		$ 39,400

Income taxes - Pre-tax Net Loss

Income taxes - Pre-tax Net Loss and Income Tax (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Pre-tax net loss	$ 39,454	$ 16,207	$ 23,967	$ 15,701
Income tax benefit	$ 12,729	$ (99)	$ 9,147	$ (228)
Effective tax rate	32.30%		38.20%

Income taxes - Narrative (Detai

Income taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Rate change impact from tax reform		$ 2.1
Rate change impact from release of deferred tax asset valuation allowance		$ 1.7
Tax expense increase due to sale of subsidiary	$ 1.9
Unrecognized tax benefits that would impact effective tax rate	23.7		$ 22.5
Accrued interest and penalties related to unrecognized tax benefits	1.6		$ 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	May 06, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 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	$ 0.01		$ 0.01
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance		$ 1,038,722	$ 1,018,452	$ 1,035,106	$ 1,017,395
Net income		26,725	16,306	14,820	15,929
Other comprehensive income, net of tax		14,217	91,723	33,737	111,598
Comprehensive income		40,942	108,029	48,557	127,527
Dividends declared		$ (18,334)	$ (18,195)	$ (36,661)	$ (36,130)
Dividend declared per common share (in dollars per share)	$ 0.16	$ 0.16	$ 0.16	$ 0.16	$ 0.16
Adoption of new lease guidance						$ 13,442
Convertible debt conversion feature			$ 21,561		$ 21,561
Restricted stock awards settled		$ (87)	103	$ (4,484)	(3,092)
Performance share units settled					(2,433)
Stock-based compensation		5,091	4,569	10,175	9,221
Other activity		(7)	(119)	192	351
Ending Balance		1,066,327	1,134,400	1,066,327	1,134,400
Deferred gain on sale leaseback transaction				13,600
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance		1,202	1,186	1,189	1,175
Restricted stock awards settled		1	1	14	8
Performance share units settled					4
Ending Balance		1,203	1,187	1,203	1,187
Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance		(50,046)	(50,046)	(50,046)	(50,046)
Ending Balance		(50,046)	(50,046)	(50,046)	(50,046)
Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance		1,822,967	1,786,424	1,822,094	1,786,941
Convertible debt conversion feature			21,561		21,561
Restricted stock awards settled		(88)	102	(4,498)	(3,100)
Performance share units settled					(2,437)
Stock-based compensation		5,091	4,569	10,175	9,221
Other activity		(7)	(119)	192	351
Ending Balance		1,827,963	1,812,537	1,827,963	1,812,537
Accumulated Deficit
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance		(138,225)	(82,470)	(121,435)	(64,158)
Net income		26,725	16,306	14,820	15,929
Dividends declared		(18,334)	(18,195)	(36,661)	(36,130)
Adoption of new lease guidance						$ 13,442
Ending Balance		(129,834)	(84,359)	(129,834)	(84,359)
Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance		(597,176)	(636,642)	(616,696)	(656,517)
Other comprehensive income, net of tax		14,217	91,723	33,737	111,598
Ending Balance		$ (582,959)	$ (544,919)	$ (582,959)	$ (544,919)
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued during period (in shares)				1.5	1.2

Supplemental equity informati_4

Supplemental equity information - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	$ 1,038,722	$ 1,018,452	$ 1,035,106	$ 1,017,395
Other comprehensive income, net of tax	14,217	91,723	33,737	111,598
Ending Balance	1,066,327	1,134,400	1,066,327	1,134,400
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			7,700	101,753
Amounts reclassified from accumulated other comprehensive loss			21,470	23,781
Other comprehensive income, net of tax			29,170	125,534
Ending Balance	(900,000)	(875,256)	(900,000)	(875,256)
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			4,567	(13,936)
Amounts reclassified from accumulated other comprehensive loss			0	0
Other comprehensive income, net of tax			4,567	(13,936)
Ending Balance	317,041	330,337	317,041	330,337
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(597,176)	(636,642)	(616,696)	(656,517)
Other comprehensive income (loss) before reclassifications			12,267	87,817
Amounts reclassified from accumulated other comprehensive loss			21,470	23,781
Other comprehensive income, net of tax			33,737	111,598
Ending Balance	$ (582,959)	$ (544,919)	$ (582,959)	$ (544,919)

Supplemental equity informati_5

Supplemental equity information - Reclassifications Out of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications, net of tax	$ 10,564	$ 12,412	$ 21,470	$ 23,781
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	(1,328)	(401)	(2,664)	(805)
Actuarial Loss | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications, before tax	15,332	16,877	31,129	32,353
Retirement Plans | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications, before tax	14,004	16,476	28,465	31,548
Income tax effect	$ (3,440)	$ (4,064)	$ (6,995)	$ (7,767)

Fair value measurement - Narrat

Fair value measurement - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 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	$ 31.1	$ 23.3
WordStream
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of contingent consideration	$ 2.7	$ 20	$ 9.5

Earnings per share - Schedule o

Earnings per share - Schedule of EPS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income	$ 26,725	$ 16,306	$ 14,820	$ 15,929
Weighted average number of shares outstanding - basic (in shares)	114,521	112,946	114,485	112,852
Effect of dilutive securities
Effect of dilutive securities - Stock options (in shares)	4	76	16	83
Weighted average number of shares outstanding - diluted (in shares)	116,692	116,219	117,375	116,035
Earnings per share – basic (in dollars per share)	$ 0.23	$ 0.14	$ 0.13	$ 0.14
Earnings per share – diluted (in dollars per share)	$ 0.23	$ 0.14	$ 0.13	$ 0.14
Restricted stock units
Effect of dilutive securities
Effect of dilutive securities - RSUs and PSUs (in shares)	821	2,243	1,087	2,245
Performance share units
Effect of dilutive securities
Effect of dilutive securities - RSUs and PSUs (in shares)	1,346	954	1,787	855

Earnings per share - Narrative

Earnings per share - Narrative (Details) - $ / shares	Jul. 23, 2019	May 06, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common stock equivalents excluded from computation of diluted loss per share			327,000	209,000	374,000	719,000
Dividend declared per common share (in dollars per share)		$ 0.16	$ 0.16	$ 0.16	$ 0.16	$ 0.16
Subsequent Event
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dividend declared per common share (in dollars per share)	$ 0.16

Segment reporting - Narrative (

Segment reporting - Narrative (Details)	6 Months Ended
	Jun. 30, 2019segment
Segment Reporting Information [Line Items]
Number of operating segments	2
Publishing
Segment Reporting Information [Line Items]
Number of operating segments	2

Segment reporting (Details)

Segment reporting (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Segment Reporting Information [Line Items]
Total operating revenues	$ 660,337	$ 730,768	$ 1,323,762	$ 1,453,719
Adjusted EBITDA	76,222	85,599	139,548	140,667
Operating Segments | Publishing
Segment Reporting Information [Line Items]
Total operating revenues	576,173	644,551	1,155,340	1,283,211
Adjusted EBITDA	90,664	94,358	172,047	172,116
Operating Segments | ReachLocal
Segment Reporting Information [Line Items]
Total operating revenues	98,566	100,435	195,747	196,923
Adjusted EBITDA	12,200	10,271	19,831	16,480
Corporate
Segment Reporting Information [Line Items]
Total operating revenues	1,690	1,809	3,293	3,785
Adjusted EBITDA	(26,642)	(19,030)	(52,330)	(47,929)
Intersegment Eliminations
Segment Reporting Information [Line Items]
Total operating revenues	(16,092)	(16,027)	(30,618)	(30,200)
Advertising and marketing services
Segment Reporting Information [Line Items]
Total operating revenues	368,328	420,163	733,563	830,475
Advertising and marketing services | Operating Segments | Publishing
Segment Reporting Information [Line Items]
Total operating revenues	269,762	319,728	537,816	633,552
Advertising and marketing services | Operating Segments | ReachLocal
Segment Reporting Information [Line Items]
Total operating revenues	98,566	100,435	195,747	196,923
Advertising and marketing services | Corporate
Segment Reporting Information [Line Items]
Total operating revenues	0	0	0	0
Advertising and marketing services | Intersegment Eliminations
Segment Reporting Information [Line Items]
Total operating revenues	(16,092)	(16,027)	(30,618)	(30,200)
Advertising and marketing services | Intersegment Eliminations | Publishing
Segment Reporting Information [Line Items]
Total operating revenues	16,092	16,027	30,618	30,200
Advertising and marketing services | Intersegment Eliminations | ReachLocal
Segment Reporting Information [Line Items]
Total operating revenues	0	0	0	0
Circulation
Segment Reporting Information [Line Items]
Total operating revenues	247,092	263,806	499,819	530,392
Circulation | Operating Segments | Publishing
Segment Reporting Information [Line Items]
Total operating revenues	247,092	263,806	499,819	530,392
Circulation | Operating Segments | ReachLocal
Segment Reporting Information [Line Items]
Total operating revenues	0	0	0	0
Circulation | Corporate
Segment Reporting Information [Line Items]
Total operating revenues	0	0	0	0
Other
Segment Reporting Information [Line Items]
Total operating revenues	44,917	46,799	90,380	92,852
Other | Operating Segments | Publishing
Segment Reporting Information [Line Items]
Total operating revenues	43,227	44,990	87,087	89,067
Other | Operating Segments | ReachLocal
Segment Reporting Information [Line Items]
Total operating revenues	0	0	0	0
Other | Corporate
Segment Reporting Information [Line Items]
Total operating revenues	$ 1,690	$ 1,809	$ 3,293	$ 3,785

Segment reporting - Reconciliat

Segment reporting - Reconciliation of EBITDA to Operating Income (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Segment Reporting [Abstract]
Net income		$ 26,725	$ 16,306	$ 14,820	$ 15,929
Provision (benefit) for income taxes		12,729	(99)	9,147	(228)
Interest expense		6,879	5,935	13,844	10,413
Other non-operating items, net		6,104	(4,042)	9,134	(8,353)
Operating income (GAAP basis)		52,437	18,100	46,945	17,761
Depreciation and amortization		35,466	38,378	72,511	78,630
Gain on sale of property	$ (30,600)	(32,768)	0	(33,650)	0
Restructuring costs		6,771	12,611	27,730	21,910
Asset impairment charges		274	10,483	803	14,239
Other items		14,042	6,027	25,209	8,127
Adjusted EBITDA (non-GAAP basis)		$ 76,222	$ 85,599	$ 139,548	$ 140,667

Subsequent events - Narrative (

Subsequent events - Narrative (Details) - Subsequent Event	Aug. 05, 2019$ / sharesshares
Subsequent Event [Line Items]
Shares converted into common stock (in shares) | shares	0.5427
Cash received per share converted (in usd per share) | $ / shares	$ 6.25