INTANGIBLE ASSETS AND GOODWILL (Tables)

12 Months Ended

Dec. 30, 2012

INTANGIBLE ASSETS AND GOODWILL

Schedule of changes in identifiable intangible assets and goodwill

(in thousands)	December 25, 2011			Impairment Charges/ Adjustments		Amortization Expense			December 30, 2012
Intangible assets subject to amortization	$	834,961		$	–	$	–		$	834,961
Accumulated amortization		(452,388	)		–		(58,158	)		(510,546	)
		382,573			–		(58,158	)		324,415
Mastheads		203,587			–		–			203,587
Goodwill		1,012,011			–		–			1,012,011
Total	$	1,598,171		$	–	$	(58,158	)	$	1,540,013

(in thousands)	December 26, 2010			Impairment Charges/ Adjustments			Amortization Expense			December 25, 2011
Intangible assets subject to amortization	$	834,911		$	50		$	–		$	834,961
Accumulated amortization		(394,073	)		–			(58,315	)		(452,388	)
		440,838			50			(58,315	)		382,573
Mastheads		206,387			(2,800	)		–			203,587
Goodwill (1)		1,014,257			(2,246	)		–			1,012,011
Total	$	1,661,482		$	(4,996	)	$	(58,315	)	$	1,598,171

• ⁽¹⁾

  In 2011 we identified an error in the timing of the release of certain unrecognized tax benefits obtained in the 2006 acquisition of Knight Ridder. We corrected this error by decreasing goodwill by $2.5 million in 2011. We have determined that the impact of this error is not material to the previously issued consolidated financial statements.

Accumulated Changes in indefinite lived intangible assets and goodwill

	Original Gross Amount		Accumulated Impairment			Carrying Amount
(in thousands)
Mastheads	$	683,000	$	(479,413	)	$	203,587
Goodwill		3,587,007		(2,574,996	)		1,012,011
Total	$	4,270,007	$	(3,054,409	)	$	1,215,598

Amortization expense for the five succeeding fiscal years

Year	Amortization Expense (in thousands)
2013	$	57,004
2014		52,524
2015		48,030
2016		47,721
2017		48,552