Discontinued Operations (Tables)

9 Months Ended

Sep. 23, 2012

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

The results of operations for the About Group and the Regional Media Group presented as discontinued operations are summarized below.



	For the Quarters Ended
	September 23, 2012						September 25, 2011
(In thousands)	About Group		Regional Media Group		Total		About Group		Regional Media Group			Total
Revenues	$	25,616	$	—	$	25,616	$	25,724	$	59,942		$	85,666
Total operating costs	16,687		—		16,687		16,302		57,368			73,670
Pre-tax income	8,929		—		8,929		9,422		2,574			11,996
Income tax expense/(benefit)	2,903		—		2,903		3,619		(697		)	2,922
Income from discontinued operations, net of income taxes	$	6,026	$	—	$	6,026	$	5,803	$	3,271		$	9,074



	For the Nine Months Ended
	September 23, 2012									September 25, 2011
(In thousands)	About Group			Regional Media Group			Total			About Group		Regional Media Group			Total
Revenues	$	74,970		$	6,115		$	81,085		$	84,710	$	190,496		$	275,206
Total operating costs	51,140			8,017			59,157			49,666		176,243			225,909
Impairment of goodwill	194,732			—			194,732			—		152,093			152,093
Pre-tax (loss)/income	(170,902		)	(1,902		)	(172,804		)	35,044		(137,840		)	(102,796		)
Income tax (benefit)/expense⁽¹⁾	(60,065		)	(736		)	(60,801		)	13,459		(16,815		)	(3,356		)
(Loss)/income from discontinued operations, net of income taxes	(110,837		)	(1,166		)	(112,003		)	21,585		(121,025		)	(99,440		)
(Loss)/gain on sale, net of income taxes:
Loss on sale	—			(4,717		)	(4,717		)	—		—			—
Income tax benefit⁽²⁾	—			(30,448		)	(30,448		)	—		—			—
Gain on sale, net of income taxes	—			25,731			25,731			—		—			—
(Loss)/income from discontinued operations, net of income taxes	$	(110,837	)	$	24,565		$	(86,272	)	$	21,585	$	(121,025	)	$	(99,440	)

(1) The income tax benefit in the first nine months of 2011 was unfavorably impacted because a portion of the charge for the impairment of the Regional Media Group’s goodwill was non-deductible.

(2) The income tax benefit for the first nine months of 2012 includes a tax deduction for goodwill, which was previously non-deductible, triggered upon the sale of the Regional Media Group.

The assets and liabilities classified as held for sale for the About Group and the Regional Media Group are summarized below.



	September 23, 2012						December 25, 2011
(In thousands)	About Group		Regional Media Group		Total		About Group		Regional Media Group		Total
Accounts receivable, net	$	19,179	$	—	$	19,179	$	14,369	$	26,550	$	40,919
Property, plant and equipment, net	5,340		—		5,340		1,763		146,287		148,050
Goodwill	172,544		—		172,544		367,276		—		367,276
Other intangible assets acquired	13,616		—		13,616		17,210		330		17,540
Other assets	13,208		—		13,208		11,203		5,014		16,217
Total assets held for sale	223,887		—		223,887		411,821		178,181		590,002
Total liabilities⁽¹⁾	—		—		—		—		19,568		19,568
Net assets	$	223,887	$	—	$	223,887	$	411,821	$	158,613	$	570,434

(1) Included in “Accrued expenses” in our Condensed Consolidated Balance Sheet as of December 25, 2011.

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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