v3.26.1
Segment reporting (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following tables below present summarized financial information for each of the Company's reportable segments.
Revenues
Three months ended June 30, 2026
In thousandsUSA TODAY MediaNewsquestLocaliQTotal
External revenues$371,151 $57,415 $106,631 $535,197 
Intersegment revenues26,573 1,834 — 28,407 
Segment revenues$397,724 $59,249 $106,631 $563,604 
Reconciliation of revenues:
Other revenues1,140 
Elimination of intersegment revenues(28,407)
Total revenues$536,337 
Three months ended June 30, 2025
In thousandsUSA TODAY MediaNewsquestLocaliQTotal
External revenues$406,356 $59,449 $117,478 $583,283 
Intersegment revenues32,943 1,869 — 34,812 
Segment revenues$439,299 $61,318 $117,478 $618,095 
Reconciliation of revenues:
Other revenues1,578 
Elimination of intersegment revenues(34,812)
Total revenues$584,861 
Six months ended June 30, 2026
In thousandsUSA TODAY MediaNewsquestLocaliQTotal
External revenues$760,740 $115,283 $206,315 $1,082,338 
Intersegment revenues53,095 3,742 — 56,837 
Segment revenues$813,835 $119,025 $206,315 $1,139,175 
Reconciliation of revenues:
Other revenues2,484 
Elimination of intersegment revenues(56,837)
Total revenues$1,084,822 

Six months ended June 30, 2025
In thousandsUSA TODAY MediaNewsquestLocaliQTotal
External revenues$813,588 $113,602 $226,187 $1,153,377 
Intersegment revenues65,781 3,564 — 69,345 
Segment revenues$879,369 $117,166 $226,187 $1,222,722 
Reconciliation of revenues:
Other revenues3,057 
Elimination of intersegment revenues(69,345)
Total revenues$1,156,434 
Schedule of Reconciliation of Segment Revenue Adjusted EBITDA
Reconciliation of Segment Revenues to Segment Adjusted EBITDA

Three months ended June 30, 2026Three months ended June 30, 2025
In thousandsUSA TODAY MediaNewsquestLocaliQUSA TODAY MediaNewsquestLocaliQ
Segment revenues$397,724 $59,249 $106,631 $439,299 $61,318 $117,478 
Less:
Payroll114,530 25,963 21,894 127,526 25,888 23,524 
Benefits19,847 919 2,715 21,799 958 3,049 
Newsprint and other production materials13,190 2,937 — 14,236 3,112 — 
Distribution60,824 3,182 — 61,957 3,186 — 
Outside services
40,662 3,137 5,665 41,570 3,085 5,247 
Digital cost of goods sold36,175 2,170 61,557 44,614 2,154 72,198 
Other(a)
70,450 6,622 1,609 83,126 8,041 1,962 
Segment Adjusted EBITDA$42,046 $14,319 $13,191 $44,471 $14,894 $11,498 
(a)    Other expenses primarily include corporate allocations of shared costs, facility-related expenses, advertising costs, and Equity loss (income) in unconsolidated investees, net, which are not separately provided to the CODM. Corporate allocations of shared costs include, but are not limited to technology, finance, analytics, legal, and human resources, as well as other general business costs.
Six months ended June 30, 2026Six months ended June 30, 2025
In thousandsUSA TODAY MediaNewsquestLocaliQUSA TODAY MediaNewsquestLocaliQ
Segment revenues$813,835 $119,025 $206,315 $879,369 $117,166 $226,187 
Less:
Payroll227,805 51,828 44,102 257,205 49,340 48,551 
Benefits40,474 2,007 5,780 47,894 2,006 6,745 
Newsprint and other production materials26,482 5,898 — 30,120 6,061 — 
Distribution118,961 6,317 — 126,462 6,196 — 
Outside services
79,339 6,253 10,725 83,658 5,960 8,119 
Digital cost of goods sold73,763 4,337 122,503 86,854 4,154 138,665 
Other(a)
145,506 13,206 3,262 171,397 14,621 4,140 
Segment Adjusted EBITDA$101,505 $29,179 $19,943 $75,779 $28,828 $19,967 
(a)    Other expenses primarily include corporate allocations of shared costs, facility-related expenses, advertising costs, and Equity loss (income) in unconsolidated investees, net, which are not separately provided to the CODM. Corporate allocations of shared costs include, but are not limited to technology, finance, analytics, legal, and human resources, as well as other general business costs.
Schedule of Reconciliation of Segment Adjusted EBTIDA to Loss Before Income Taxes
Reconciliation of Segment Adjusted EBITDA to Net income (loss) attributable to USA TODAY Co.

Three months ended June 30,Six months ended June 30,
in thousands2026202520262025
USA TODAY Media$42,046 $44,471 $101,505 $75,779 
Newsquest14,319 14,894 29,179 28,828 
LocaliQ13,191 11,498 19,943 19,967 
Segment Adjusted EBITDA$69,556 $70,863 $150,627 $124,574 
Corporate12,670 6,626 20,665 9,828 
Provision (benefit) for income taxes5,322 (87,472)16,106 (94,286)
Net income attributable to noncontrolling interests16 7 16 7 
Interest expense20,944 24,395 42,184 50,478 
Loss on early extinguishment of debt— 183 75 1,457 
Depreciation and amortization31,219 42,644 62,409 85,278 
Integration and reorganization costs(a)
2,302 12,318 4,495 21,816 
Asset impairments— 181 — 2,075 
Loss (gain) on sale or disposal of assets, net294 (1,584)(7,550)(22,264)
Share-based compensation expense2,502 2,082 4,572 4,961 
Other (income) expense, net(b)
(14,838)(6,908)(21,361)(5,834)
Net income attributable to USA TODAY Co.$9,125 $78,391 $29,016 $71,058 
(a)    Integration and reorganization costs mainly reflect severance-related expenses and other reorganization-related costs, designed primarily to right-size the Company's employee base, consolidate facilities and improve operations.
(b)    Other (income) expense, net primarily reflected Google litigation costs (including related reimbursements) and other legal settlements, (gains) losses from the sale of investments, third-party debt costs, the components of net periodic pension and postretirement benefits other than service cost, and consulting fees related to a discrete initiative to reformulate our go-to-market strategy and post-sales processes.