v3.25.2
Revenue
9 Months Ended
Jun. 29, 2025
Revenue from Contract with Customer [Abstract]  
Revenue REVENUE
The following table presents our revenue disaggregated by source:
Three months EndedNine months ended
(Thousands of Dollars)June 29,
2025
June 23,
2024
June 29,
2025
June 23,
2024
Operating revenue:
Print advertising revenue17,474 18,941 53,867 62,118 
Digital advertising revenue49,097 49,903 139,766 141,747 
Advertising and marketing services revenue66,571 68,844 193,633 203,865 
Print subscription revenue38,076 47,605 122,587 148,443 
Digital subscription revenue23,482 20,701 68,836 60,429 
Subscription revenue61,558 68,306 191,423 208,872 
Print other revenue7,837 8,278 22,938 24,839 
Digital other revenue5,328 5,150 15,241 15,230 
Other revenue13,165 13,428 38,179 40,069 
Total operating revenue141,294 150,578 423,235 452,806 
Recognition principles: Revenue is recognized when a performance obligation is satisfied by the transfer of control of the contracted goods or services to our customers, in an amount that reflects the consideration we expect to receive in exchange for those goods or services.
Contract Liabilities: The Company’s primary source of contract liabilities is unearned revenue from subscriptions paid in advance of the service provided. The Company expects to recognize the revenue related to unsatisfied performance obligations over the next twelve months in accordance with the terms of the subscriptions and other contracts with customers. Revenue recognized in the nine months ended June 29, 2025, that was included in the contract liability as of September 29, 2024, was $28.2 million.
Accounts receivable, excluding allowance for credit losses was $62.1 million and $67.2 million as of June 29, 2025, and September 29, 2024, respectively. Allowance for credit losses was $5.0 million and $6.5 million as of June 29, 2025, and September 29, 2024, respectively.
Valuation and qualifying account information related to the allowance for credit losses related to continuing operations is as follows:
(Thousands of Dollars)June 29,
2025
September 29,
2024
Balance, beginning of period6,514 5,260 
Additions charged to expense10,853 13,633 
Deductions from reserves(12,370)(12,379)
Balance, end of period4,997 6,514 
Sales commissions are expensed as incurred as the associated contractual periods are one year or less. These costs are recorded within "Compensation" on the Consolidated Statements of Loss and
Comprehensive Loss. Most of our contracts have original expected lengths of one year or less and revenue is earned at a rate and amount that corresponds directly with the value to the customer.