XML 14 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 24, 2017
Sep. 30, 2018
Sep. 24, 2017
REVENUES - NET:        
Net revenues $ 191,065 $ 212,604 $ 594,271 $ 658,936
OPERATING EXPENSES:        
Compensation 73,501 80,652 230,650 258,883
Newsprint, supplements and printing expenses 12,913 15,075 40,333 49,379
Depreciation and amortization 19,041 19,588 57,496 59,016
Other operating expenses 90,527 83,963 271,993 268,784
Other asset write-downs 14,148 8,715 14,207 10,672
Operating expenses, total 210,130 207,993 614,679 646,734
OPERATING INCOME (LOSS) (19,065) 4,611 (20,408) 12,202
NON-OPERATING INCOME (EXPENSE):        
Interest expense (23,346) (19,801) (60,181) (60,547)
Interest income 135 121 441 410
Equity income (loss) in unconsolidated companies, net (473) (600) 573 (696)
Impairments related to investments in unconsolidated companies, net   (1,866)   (171,013)
Gains related to investments in consolidated companies 1,721   1,721  
Gain (loss) on extinguishment of debt, net 36,286 (1,831) 30,918 (2,700)
Retirement benefit expense (2,778) (3,328) (8,335) (9,983)
Other - net 136 23 71 106
Non-operating income (expense), total 11,681 (27,282) (34,792) (244,423)
Loss before income taxes (7,384) (22,671) (55,200) (232,221)
Income tax (benefit) expense (14,422) 237,805 (2,932) 161,276
NET INCOME (LOSS) $ 7,038 $ (260,476) $ (52,268) $ (393,497)
Net income (loss) per common share:        
Net loss per share - basic (in dollars per share) $ 0.90 $ (34.11) $ (6.74) $ (51.67)
Net loss per share - diluted (in dollars per share) $ 0.90 $ (34.11) $ (6.74) $ (51.67)
Weighted average number of common shares:        
Basic (in shares) 7,778 7,637 7,754 7,616
Diluted (in shares) 7,850 7,637 7,754 7,616
Advertising        
REVENUES - NET:        
Net revenues $ 95,102 $ 115,331 $ 301,942 $ 360,459
Audience        
REVENUES - NET:        
Net revenues 84,040 87,142 255,143 268,473
Other        
REVENUES - NET:        
Net revenues $ 11,923 $ 10,131 $ 37,186 $ 30,004