Gannett Co Inc
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
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Item 2. Properties
Our corporate headquarters are located in New York, New York, where we lease approximately 24 thousand square feet,
under a lease agreement terminating in May 2031. We also have an executive office in Pittsford, New York, where we lease
approximately 7 thousand square feet, under a lease agreement terminating in December 2026.
Our domestic facilities, excluding our corporate headquarters above, occupy approximately 5.3 million square feet in the
aggregate, of which approximately 3.9 million square feet are leased from third parties. Many of our local media organizations
also have outside news bureaus, sales offices, and distribution centers that are leased from third parties. We own some of the
plants that house most aspects of the publication process but in certain locations have outsourced printing or combined the
printing of multiple publications.
Newsquest, our subsidiary headquartered in London, U.K., occupies approximately 450 thousand square feet in the U.K.
spread over 59 locations. Of this, approximately 300 thousand square feet spread over 48 locations are leased from third parties,
including three production facilities. Included in Newsquest's 11 owned premises isone production facility.
Our digital marketing services companies under the brand LocaliQ is headquartered in Woodland Hills, California, and has
sales and other offices and data centers intwo locations intwo states: California and Texas. In addition, LocaliQ has 11
locations infour other countries: Australia, India, New Zealand, and the Netherlands. These properties include leased buildings
and data centers. In total, LocaliQ properties occupy approximately 160 thousand square feet. Excluded from total square
footage but included in location counts are serviced office spaces.
All of our material real properties owned by our material domestic subsidiaries are mortgaged as collateral for our 2029
Term Loan Facility, 2031 Notes and 2027 Notes. We believe our current facilities, including the terms and conditions of the
relevant lease agreements, are adequate to operate our businesses as currently conducted.
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