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Other
12 Months Ended
Dec. 25, 2011
Other Income and Expenses [Abstract]  
Other Income And Expense Disclosure [Text Block]
Other
Severance Costs
We recognized severance costs of $13.6 million in 2011, $6.8 million in 2010, and $53.9 million in 2009. In 2011, 2010 and 2009, these costs were primarily recognized at the News Media Group related to various initiatives and are primarily recorded in “Selling, general and administrative costs” in our Consolidated Statements of Operations. We had a severance liability of $13.1 million and $11.1 million included in “Accrued expenses” in our Consolidated Balance Sheets as of December 25, 2011 and December 26, 2010, respectively, of which the majority of the December 25, 2011 balance will be paid in 2012.
Gain on Sale of Investments
We recognized a gain on the sale of investments of $71.2 million in 2011 and $9.1 million in 2010. See Note 7 for information regarding the gain in 2011 ($65.3 million) and 2010 ($9.1 million) related to the sales of our units in Fenway Sports Group.
In addition, we sold a minor portion of our interest in Indeed.com, a job listing aggregator, resulting in a gain of $5.9 million in 2011. We retain a substantial portion of our initial interest in Indeed.com.
Loss on Leases and Other Expenses
In 2011, we recorded a $4.5 million charge for a retirement and consulting agreement in connection with the retirement of our chief executive officer at the end of 2011.
The total loss on leases and other expenses recorded in 2009 was $34.6 million as detailed below.
In 2009, we recorded a loss of $22.8 million for the present value of remaining rental payments under leases, for property previously occupied by City & Suburban Delivery Systems, Inc. (“City & Suburban”), in excess of rental income under potential subleases. We closed City & Suburban, which operated a wholesale distribution business that delivered The New York Times (“The Times”) and other newspapers and magazines to newsstands and retail outlets in the New York metropolitan area, in January 2009. Also in 2009, we recorded a loss of $8.3 million for the present value of remaining rental payments under a lease for office space at The New York Times Media Group, in excess of rental income under potential subleases.
In the fourth quarter of 2009, we also recorded a $3.5 million charge for the early termination of a third-party printing contract.
Gain on Sale of Assets
In 2009, we sold certain surplus real estate assets at the Regional Media Group and recorded a gain on the sales totaling $5.2 million.