Subsequent Events (Tables)

12 Months Ended

Dec. 25, 2011

Schedule of Subsequent Events [Table Text Block]

The results of operations for the Regional Media Group and the estimated carrying amounts of the major classes of assets and liabilities included as part of the sale are summarized in the following charts.



(In thousands)	December 25, 2011			December 26, 2010		December 27, 2009
Revenues	$	259,945		$	276,659	$	296,923
Production costs and selling, general and administrative costs	223,367			236,699		257,710
Depreciation and amortization	11,665			12,655		14,893
Total operating costs	235,032			249,354		272,603
Impairment of assets	152,093			—		—
Gain on sale of assets	—			—		5,198
Pre-tax (loss)/income	(127,180		)	27,305		29,518
Income tax (benefit)/expense	(10,879		)	10,783		13,122
Net (loss)/income	$	(116,301	)	$	16,522	$	16,396



(In thousands)	December 25, 2011		December 26, 2010
Accounts receivable, net	$	26,550	$	27,417
Property, plant and equipment, net	146,287		157,603
Goodwill	—		152,093
Other assets	5,344		7,299
Total assets	178,181		344,412
Total liabilities	19,568		22,016
Net assets	$	158,613	$	322,396

- Definition

Tabular disclosure of significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, losses resulting from fire or flood, losses on receivables, significant realized and unrealized gains and losses that result from changes in quoted market prices of securities, declines in market prices of inventory, changes in authorized or issued debt (SEC), significant foreign exchange rate changes, substantial loans to insiders or affiliates, significant long-term investments, and substantial dividends not in the ordinary course of business.

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