Hurricane Harvey Update

Second Quarter 2023 Highlights: • Total revenues of $672.4 million decreased 10.2% compared to the second quarter of 2022 ◦ Same store revenues(1) decreased 8.6% compared to the second quarter of 2022, reflecting a sequential improvement of 70 basis points compared to the first quarter of 2023 • Total digital revenues were $262.1 million, or 39.0% of total revenues, up 0.8% over the same period in the prior year on a same store(1) basis • Net loss attributable to Gannett of $12.7 million improved by $41.0 million versus the net loss attributable to Gannett of $53.7 million in the second quarter of 2022 • Cash provided by operating activities of $46.1 million • Free cash flow(1) of $38.4 million, an increase of 188.8% compared to second quarter of 2022

The Book Manufacturers’ Institute (BMI) released the December results for its monthly survey on capacity and lead times for soft cover and hard cover books.. This month held fairly steady on capacities but showed lead times continuing to decline. According to responses regarding hard cover books, the average manufacturer was running at 82% of their capacity, equal to October and November. The average lead time for completed hard cover books went down to 50 days from 59 days, continuing the trend. For soft cover books, capacity usage stayed similar at 82% compared to 81% last month. The average lead time dropped to 33 days from 38 days, continuing that trend as well.

Unit sales of print books rose 3% for the first six months of 2017 compared to the first half of last year at outlets that report to NPD BookScan. Units for the January-June period in 2017 totaled 310.7 million, up from 302.8 million a year ago. All four of the major segments had increases over the first six months of 2016, with juvenile fiction having the best performance; unit sales in the category were up 5%. The growth in juvenile nonfiction was just behind fiction, up 4%. Sales in the adult segments were less robust. Adult nonfiction unit sales increased 2% over the first half of 2016, while adult fiction sales rose just under 1%. Click Read More below for additional detail.