XML 14 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 26, 2016
Jun. 28, 2015
Jun. 26, 2016
Jun. 28, 2015
REVENUES - NET:        
Advertising $ 140,900 $ 158,520 $ 277,156 $ 309,767
Audience 90,479 90,842 181,141 184,051
Other 10,855 12,998 21,916 25,720
Revenues, total 242,234 262,360 480,213 519,538
OPERATING EXPENSES:        
Compensation 98,237 101,091 201,011 207,763
Newsprint, supplements and printing expenses 19,565 24,523 38,597 49,299
Depreciation and amortization 24,430 24,934 48,992 48,597
Other operating expenses 102,695 100,349 200,353 203,574
Goodwill and other asset impairments (see Notes 1 and 4)   300,429   300,429
Operating expenses, total 244,927 551,326 488,953 809,662
OPERATING LOSS (2,693) (288,966) (8,740) (290,124)
NON-OPERATING (EXPENSE) INCOME:        
Interest expense (21,223) (22,172) (41,470) (44,510)
Interest income 112 70 208 133
Equity income in unconsolidated companies, net 4,264 4,676 6,113 8,543
Gains related to equity investments   7,460   8,093
Gain (loss) on extinguishment of debt, net   (883) 1,535 (883)
Other - net 75 (182) 33 (248)
Non-operating (expense) income, total (16,772) (11,031) (33,581) (28,872)
Loss before income taxes (19,465) (299,997) (42,321) (318,996)
Income tax benefit (4,731) (3,500) (14,846) (11,153)
NET LOSS $ (14,734) $ (296,497) $ (27,475) $ (307,843)
Basic:        
Net loss per share - basic (in dollars per share) $ (1.89) $ (33.95) $ (3.48) $ (35.25)
Diluted:        
Net loss per share - diluted (in dollars per share) $ (1.89) $ (33.95) $ (3.48) $ (35.25)
Weighted average number of common shares used to calculate basic and diluted earnings per share:        
Basic (in shares) 7,784 8,744 7,906 8,732
Diluted (in shares) 7,784 8,744 7,906 8,732