Acquisitions (Tables)

12 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the determination of fair values of the assets and liabilities for the 2018 Acquisitions:

in thousands
Cash acquired	$	1,688
Current assets	29,169
Other assets	447
Property, plant and equipment	18,340
Non-compete agreements	370
Advertiser relationships	51,395
Subscriber relationships	36,115
Customer relationships	14,063
Trade names	1,810
Mastheads	13,678
Goodwill	72,879
Total assets	239,954
Current liabilities assumed	32,441
Long-term liabilities assumed	92
Total liabilities	32,533
Redeemable noncontrolling interest	1,636
Net assets	$	205,785

The following table summarizes the fair values of the assets and liabilities for the 2017 Acquisitions:

in thousands
Current assets	$	20,870
Other assets	108
Property, plant and equipment	49,883
Noncompete agreements	532
Advertiser relationships	34,077
Subscriber relationships	26,926
Customer relationships	5,638
Software	704
Mastheads	9,902
Goodwill	37,652
Total assets	186,292
Current liabilities assumed	21,100
Long-term liabilities assumed	139
Total liabilities	21,239
Net assets	$	165,053

The following table summarizes the preliminary determination of fair values of the assets and liabilities for the aforementioned acquisitions:

in thousands
Cash acquired	$	323
Current assets	9,320
Other assets	950
Property, plant and equipment	20,492
Non-compete agreements	280
Advertiser relationships	2,357
Subscriber relationships	1,457
Customer relationships	1,323
Software	140
Trade names	299
Mastheads	2,896
Goodwill	20,850
Total assets	60,687
Current liabilities assumed	11,961
Long-term liabilities assumed	463
Total liabilities	12,424
Minority interest	1,651
Net assets	$	46,612

The following table summarizes the preliminary determination of fair values of the assets and liabilities for the Legacy Gannett acquisition:

in thousands
Cash and restricted cash acquired	$	149,452
Current assets	383,965
Other assets	97,459
Property, plant and equipment	536,511
Operating lease assets	200,550
Developed technology	47,770
Advertiser relationships	272,740
Subscriber relationships	104,490
Customer relationships	63,820
Trade names	16,470
Mastheads	97,340
Goodwill	644,766
Total assets	2,615,333
Current liabilities assumed	513,752
Long-term liabilities assumed	787,019
Total liabilities	1,300,771
Net assets	$	1,314,562

Business Acquisition, Pro Forma Information

The following table sets forth unaudited pro forma results of operations assuming the Legacy Gannett acquisition, along with transactions necessary to finance the acquisitions, occurred at the beginning of 2019 and 2018:

	Unaudited
in thousands (except per share amounts)	2019			2018
Total revenues	$	4,177,583		$	4,440,491
Net loss	$	(292,395	)	$	(169,617	)
Earnings per share - diluted	$	(2.27	)	$	(1.31	)