Discontinued Operations

12 Months Ended

Dec. 25, 2011

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

Discontinued operations are summarized in the following table.

(In thousands)	December 26, 2010		December 27, 2009
Revenues	$	—	$	5,062
Total operating costs	—		7,082
Pre-tax loss	—		(2,020		)
Income tax benefit	—		(864		)
Loss from discontinued operations, net of income taxes	—		(1,156		)
Gain on sale, net of income taxes:
Gain on sale	16		34,914
Income tax expense	3		15,426
Gain on sale, net of income taxes	13		19,488
Income from discontinued operations, net of income taxes	$	13	$	18,332

WQXR-FM

The results of operations for WQXR-FM, a New York City classical radio station, which was sold in October 2009, are presented as discontinued operations. We received proceeds related to the sale of approximately $45 million and recorded a pre-tax gain of approximately $35 million (approximately $19 million after tax) in the fourth quarter of 2009. In 2010, we recorded post-closing adjustments to the gain.

The results of operations for WQXR-FM, which were previously consolidated in the results of the News Media Group, are presented as discontinued operations in our Consolidated Financial Statements for all periods presented.