v3.26.3
Segment reporting (Tables)
 9 Months Ended
Sep. 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 September 30, 2026
In thousandsUSA TODAY MediaNewsquestLocaliQTotal
External revenues$354,691 $57,582 $105,684 $517,957 
Intersegment revenues25,910 1,882 — 27,792 
Segment revenues$380,601 $59,464 $105,684 $545,749 
Reconciliation of revenues:
Other revenues1,286 
Elimination of intersegment revenues(27,792)
Total revenues$519,243 
Three months ended September 30, 2025
In thousandsUSA TODAY MediaNewsquestLocaliQTotal
External revenues$385,962 $58,892 $114,418 $559,272 
Intersegment revenues31,093 2,131 — 33,224 
Segment revenues$417,055 $61,023 $114,418 $592,496 
Reconciliation of revenues:
Other revenues1,524 
Elimination of intersegment revenues(33,224)
Total revenues$560,796 
Nine months ended September 30, 2026
In thousandsUSA TODAY MediaNewsquestLocaliQTotal
External revenues$1,115,431 $172,865 $311,999 $1,600,295 
Intersegment revenues79,005 5,624 — 84,629 
Segment revenues$1,194,436 $178,489 $311,999 $1,684,924 
Reconciliation of revenues:
Other revenues3,770 
Elimination of intersegment revenues(84,629)
Total revenues$1,604,065 

Nine months ended September 30, 2025
In thousandsUSA TODAY MediaNewsquestLocaliQTotal
External revenues$1,199,550 $172,494 $340,605 $1,712,649 
Intersegment revenues96,874 5,695 — 102,569 
Segment revenues$1,296,424 $178,189 $340,605 $1,815,218 
Reconciliation of revenues:
Other revenues4,581 
Elimination of intersegment revenues(102,569)
Total revenues$1,717,230 
Schedule of Reconciliation of Segment Revenue Adjusted EBITDA
Reconciliation of Segment Revenues to Segment Adjusted EBITDA

Three months ended September 30, 2026Three months ended September 30, 2025
In thousandsUSA TODAY MediaNewsquestLocaliQUSA TODAY MediaNewsquestLocaliQ
Segment revenues$380,601 $59,464 $105,684 $417,055 $61,023 $114,418 
Less:
Payroll111,142 26,087 20,704 124,953 25,804 23,201 
Benefits24,164 1,116 3,205 24,389 1,019 3,234 
Newsprint and other production materials13,760 3,018 — 13,160 3,123 — 
Distribution60,227 3,186 — 60,133 3,204 — 
Outside services
38,608 3,412 5,797 37,481 3,054 5,583 
Digital cost of goods sold34,610 2,239 67,027 43,524 2,429 71,343 
Other(a)
74,275 6,561 1,670 78,000 7,835 1,277 
Segment Adjusted EBITDA$23,815 $13,845 $7,281 $35,415 $14,555 $9,780 
(a)    Other primarily includes 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.
Nine months ended September 30, 2026Nine months ended September 30, 2025
In thousandsUSA TODAY MediaNewsquestLocaliQUSA TODAY MediaNewsquestLocaliQ
Segment revenues$1,194,436 $178,489 $311,999 $1,296,424 $178,189 $340,605 
Less:
Payroll338,947 77,915 64,806 382,158 75,144 71,752 
Benefits64,638 3,123 8,985 72,283 3,025 9,979 
Newsprint and other production materials40,242 8,916 — 43,280 9,184 — 
Distribution179,188 9,503 — 186,595 9,400 — 
Outside services
117,947 9,665 16,522 121,139 9,014 13,702 
Digital cost of goods sold108,373 6,576 189,530 130,378 6,583 210,008 
Other(a)
219,781 19,767 4,932 249,397 22,456 5,417 
Segment Adjusted EBITDA$125,320 $43,024 $27,224 $111,194 $43,383 $29,747 
(a)    Other primarily includes 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 September 30,Nine months ended September 30,
in thousands2026202520262025
USA TODAY Media$23,815 $35,415 $125,320 $111,194 
Newsquest13,845 14,555 43,024 43,383 
LocaliQ7,281 9,780 27,224 29,747 
Segment Adjusted EBITDA$44,941 $59,750 $195,568 $184,324 
Corporate8,339 2,577 29,004 12,405 
(Benefit) provision for income taxes(1,177)17,635 14,929 (76,651)
Net (loss) income attributable to noncontrolling interests(8)— 8 7 
Interest expense20,799 23,835 62,983 74,313 
Loss on early extinguishment of debt— 24 75 1,481 
Depreciation and amortization31,487 43,211 93,896 128,489 
Integration and reorganization costs(a)
18,042 15,708 22,537 37,524 
Asset impairments— — — 2,075 
Gain on sale or disposal of assets, net(10,341)(62)(17,891)(22,326)
Share-based compensation expense2,630 1,877 7,202 6,838 
Other (income) expense, net(b)
(20,225)(5,806)(41,586)(11,640)
Net (loss) income attributable to USA TODAY Co.$(4,605)$(39,249)$24,411 $31,809 
(a)    For the three and nine months ended September 30, 2026 and 2025, 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)    For the three and nine months ended September 30, 2026, Other (income) expense, net primarily reflected a gain on remeasurement of previously held equity interest, Google litigation costs (including related reimbursements) and other legal settlements and the components of net periodic pension and postretirement benefits other than service cost. For the three and nine months ended September 30, 2025, Other (income) expense, net primarily reflected (gains) losses from the sale of investments, Google litigation costs and other legal settlements, the components of net periodic pension and postretirement benefits other than service cost, third-party debt costs, and consulting fees related to a discrete initiative to reformulate our go-to-market strategy and post-sales processes.