secwatch.observer — SEC 8-K summary
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Issuer:     USA TODAY Co., Inc. (TDAY)
CIK:        0001579684
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001579684-23-000040
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gannett Q3 net loss narrows to $2.6M; Adj EBITDA up 15% YoY; repaid $65M debt
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- Net loss attributable to Gannett of $2.6M improved $51.5M from $54.1M loss in Q3 2022.
- Adjusted EBITDA of $59.5M, up 14.7% YoY; margin expanded 190 bps to 9.1%.
- Total revenues $652.9M, down 9.1% YoY; digital revenues $263.6M (40.4% of total), up 2.7% same-store YoY.
- Repaid $65.3M in debt; first lien net leverage below 2.0x; cash balance $109M.
- Free cash flow $7.4M; 'updated full year outlook' noted but no specific guidance figures provided.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579684/000157968423000040/0001579684-23-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579684/000157968423000040/gci-20231102.htm
  HTML page:      https://secwatch.observer/filing/0001579684-23-000040

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