Debt Reduction Milestone
Total debt fell below $1 billion for the first time since the 2019 merger, marking a significant milestone in strengthening the balance sheet and reducing leverage.
Digital Revenue Growth
Digital revenues grew to 47% of total company revenues in Q3, an all-time high, with expectations to reach 50% in Q4.
AI Licensing Deals
Significant AI licensing deals were established, including with Microsoft, which are expected to provide new revenue streams.
Digital Advertising Growth
Digital advertising revenues recorded another quarter of year-over-year growth, with new advertising deals expected to boost Q4.
Positive Legal Development
Judge Castell's ruling in favor of Gannett in the Google lawsuit establishes liability and advances the case towards focusing on damages and remedies.