Quarterly Review

12 Months Ended

Dec. 31, 2012

Quarterly Financial Information [Text Block]

Quarterly Review *

	First			Second			Third			Fourth
(Unaudited, in thousands, except per share amounts)	Quarter			Quarter			Quarter			Quarter
2012
Revenues	$	74,214		$	83,098		$	93,752		$	108,658
Operating income		4,501			17,336			22,503			42,325
Income (loss) from continuing operations		(24,284	)		(15,189	)		(18,401	)		17,917
Income (loss) from discontinued operations		(10,140	)		590			(1,038	)		(682	)
Gain (loss) related to divestiture of discontinued operations		-			(131,697	)		(10,894	)		401
Net income (loss)		(34,424	)		(146,296	)		(30,333	)		17,636
Income (loss) per share from continuing operations - basic and assuming dilution		(1.08	)		(0.67	)		(0.81	)		0.63
Net income (loss) per share - basic and assuming dilution		(1.53	)		(6.48	)		(1.34	)		0.62

2011
Revenues	$	65,717		$	70,937		$	66,076		$	77,881
Operating income (loss)		(1,914	)		7,259			4,783			16,279
Loss from continuing operations		(20,831	)		(12,262	)		(11,879	)		(3,961	)
Income (loss) from discontinued operations		(4,973	)		(3,120	)		(17,953	)		657
Net loss		(25,804	)		(15,382	)		(29,832	)		(3,304	)
Loss per share from continuing operations - basic and assuming dilution		(0.93	)		(0.54	)		(0.53	)		(0.18	)
Net loss per share - basic and assuming dilution		(1.15	)		(0.68	)		(1.32	)		(0.15	)

* In 2012, the Company sold all of its newspapers and associated websites and DealTaker.com, shut down its production services company, and discontinued its NetInformer operations.  Blockdot was held-for-sale December 31, 2012 and sold shortly after year-end.   The Company recorded a $142 million after-tax loss related to the divestitures in 2012.  The results of these properties have been presented as discontinued operations for all periods presented.