Acquisitions, Dispositions And Discontinued Operations

12 Months Ended

Dec. 25, 2011

Acquisitions, Dispositions And Discontinued Operations [Abstract]

Acquisitions, Dispositions And Discontinued Operations

Note 4: Acquisitions, Dispositions and Discontinued Operations

In 2009, the Company sold a small magazine and its related website located in the Virginia/Tennessee Market. It also completed the sale of WCWJ in Jacksonville, Florida, which was the last of five television station divestitures under plans initiated in December 2007. The 2009 divestitures, along with certain post-closing adjustments related to the 2008 sale of the first four television stations, resulted in an after-tax gain of $8.9 million in 2009.

The net gain related to these sales is shown on the face of the Consolidated Statements of Operations on the line "Net gain related to divestiture of discontinued operations (net of income taxes)." The results of the station and the magazine, and their associated websites, have been presented as discontinued operations in the accompanying Consolidated Statements of Operations for the year ended December 27, 2009, and included:

(In thousands)	2009
Revenues	$	4,084
Costs and expenses		3,927
Income before income taxes		157
Income taxes		2
Income from discontinued operations	$	155