Investments (Tables)

12 Months Ended

Dec. 30, 2012

Equity Method Investments Ownership Percentage [Member]

Schedule of Equity Method Investments [Line Items]

Schedule and summarized unaudited condensed combined income statements of equity method investments

As of December 30, 2012, our investments in joint ventures consisted of equity ownership interests in the following entities:

Company	Approximate % Ownership
Metro Boston LLC (“Metro Boston”)	49	%
Donohue Malbaie Inc. (“Malbaie”)	49	%
Madison Paper Industries (“Madison”)	40	%
quadrantONE LLC (“quadrantONE”)(1)	25	%

(1) quadrantONE announced in February 2013 that it will begin winding down its current operations. As of December 30, 2012, we had a nominal investment in quadrantONE.

Our investments above are accounted for under the equity method, and are recorded in “Investments in joint ventures” in our Consolidated Balance Sheets. Our proportionate shares of the operating results of our investments are recorded in “Income from joint ventures” in our Consolidated Statements of Operations and in “Investments in joint ventures” in our Consolidated Balance Sheets.

Equity Method Investments Summarized Financial Information [Member]

Schedule of Equity Method Investments [Line Items]

Schedule and summarized unaudited condensed combined income statements of equity method investments

Investments

Equity Method Investments

As of December 30, 2012, our investments in joint ventures consisted of equity ownership interests in the following entities:

Company	Approximate % Ownership
Metro Boston LLC (“Metro Boston”)	49	%
Donohue Malbaie Inc. (“Malbaie”)	49	%
Madison Paper Industries (“Madison”)	40	%
quadrantONE LLC (“quadrantONE”)(1)	25	%

(1) quadrantONE announced in February 2013 that it will begin winding down its current operations. As of December 30, 2012, we had a nominal investment in quadrantONE.

Our investments above are accounted for under the equity method, and are recorded in “Investments in joint ventures” in our Consolidated Balance Sheets. Our proportionate shares of the operating results of our investments are recorded in “Income from joint ventures” in our Consolidated Statements of Operations and in “Investments in joint ventures” in our Consolidated Balance Sheets.

Metro Boston

We own a 49% interest in Metro Boston, which publishes a free daily newspaper in the greater Boston area.

Malbaie & Madison

We also have investments in a Canadian newsprint company, Malbaie, and a partnership operating a supercalendered paper mill in Maine, Madison (together, the “Paper Mills”).

Our Company and UPM-Kymmene Corporation, a Finnish paper manufacturing company, are partners through subsidiary companies in Madison. Our Company’s percentage ownership of Madison, which represents 40%, is through an 80%-owned consolidated subsidiary. UPM-Kymmene owns a 10% interest in Madison through a 20% noncontrolling interest in the consolidated subsidiary of our Company.

We received distributions from Malbaie of $7.3 million in 2012, $0 million in 2011 and $0 million in 2010.

We received distributions from Madison of $2.0 million in 2012, $0 million in 2011 and $5.3 million in 2010.

We purchased newsprint and supercalendered paper from the Paper Mills at competitive prices. Such purchases aggregated approximately $26 million in 2012, $34 million in 2011 and $33 million in 2010.

In 2010, we recorded a pre-tax gain of $12.7 million from the sale of an asset at one of the Paper Mills. Our share of the pre-tax gain, after eliminating the noncontrolling interest portion, was $10.2 million. The $12.7 million gain is included in “Income from joint ventures” in our Consolidated Statements of Operations.

The following tables present summarized combined information for our Company’s unconsolidated joint ventures. Separate financial statements of these unconsolidated joint ventures are not required, since none of our investments are considered individually significant. The following tables include combined financial information for Fenway Sports Group, which was accounted for under the equity method, until the sale of a portion of our investment interest in February 2012.

Summarized unaudited condensed combined balance sheets of our Company’s unconsolidated joint ventures were as follows as of:

(In thousands)	December 31, 2012		December 31, 2011
Current assets	$	80,496	$	262,203
Non-current assets	79,913		1,405,110
Total assets	160,409		1,667,313
Current liabilities	37,300		551,105
Non-current liabilities	19,332		518,723
Total liabilities	56,632		1,069,828
Equity	103,777		522,930
Noncontrolling interest	—		74,555
Total liabilities and equity	$	160,409	$	1,667,313

Summarized unaudited condensed combined income statements of our Company’s unconsolidated joint ventures were as follows for the years ended:

(In thousands)	December 31, 2012		December 31, 2011			December 31, 2010
Revenues	$	291,195	$	1,203,537		$	936,223
Costs and expenses	283,392		1,203,181			850,950
Operating income	7,803		356			85,273
Other income/(expense)	300		(10,014		)	14,724
Pre-tax income/(loss)	8,103		(9,658		)	99,997
Income tax expense/(benefit)	1,334		(25,004		)	(111		)
Net income	6,769		15,346			100,108
Net income attributable to noncontrolling interest	—		(23,517		)	(23,725		)
Net income/(loss) less noncontrolling interest	$	6,769	$	(8,171	)	$	76,383