Usa Today Co Inc's Business Segments

The company operates with significant indebtedness, including obligations under its 2029 Term Loan Facility, 2031 Notes, and 2027 Notes, which may affect its financial flexibility and cash flow availability for corporate activities such as capital expenditures, share repurchases, and acquisitions. It manages various contractual obligations, including long-term debt principal and interest payments, operating leases, pension and postretirement benefits, and purchase commitments for professional services, digital licenses, IT services, interactive marketing, and newsprint. The company monitors economic factors such as inflation and interest rates to effectively manage liquidity. Financial statements are prepared in accordance with U.S. GAAP, incorporating critical accounting estimates including goodwill and indefinite-lived intangible asset impairment testing, which encompasses newspaper mastheads. Goodwill impairment tests utilize discounted cash flow and market-based approaches, considering assumptions related to revenues, cash flow margins, discount rates, and economic conditions. Newspaper mastheads are tested annually for impairment using a relief from royalty method. The company also assesses property, plant, equipment, and finite-lived intangible assets for impairment based on estimated undiscounted cash flows and fair value evaluations. No impairments of goodwill or indefinite-lived intangible assets were recorded for the year ended December 31, 2025. These financial management and reporting practices are integral to the company’s operations.

USA TODAY Co. operates through three segments: USA TODAY Media, Newsquest, and LocaliQ. USA TODAY Media was previously known as Domestic Gannett Media, and LocaliQ was formerly Digital Marketing Solutions. The company also maintains a Corporate category encompassing functions not directly attributable to specific segments, including legal, human resources, accounting, analytics, finance, marketing, technology, and other general business expenses. The company employs a digital-first strategy focused on audience growth, engagement, and revenue diversification. In 2025, digital revenues represented 46% of total revenues, amounting to $1.1 billion. USA TODAY Co. averaged 186 million unique visitors across the USA TODAY Media and Newsquest segments and had approximately 1.5 million paid digital-only subscriptions as of December 31, 2025, exceeding print subscriptions. The company’s strategy is structured around three operating pillars: expanding reach and engagement, diversifying digital revenues, and strengthening capital structure. This strategy is supported by integrated operations that include modernized technology, automated workflows, enhanced data capabilities, and investment in talent development. USA TODAY Co. aims to unify trusted journalism and digital innovation under its brand, emphasizing a "National voice. Local strength." approach.