Discontinued Operations (Tables)

12 Months Ended

Dec. 30, 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 2012.



	Year Ended December 30, 2012
(In thousands)	About Group			Regional Media Group			Total
Revenues	$	74,970		$	6,115		$	81,085
Total operating costs	51,140			8,017			59,157
Impairment of goodwill	194,732			—			194,732
Pre-tax loss	(170,902		)	(1,902		)	(172,804		)
Income tax benefit	(60,065		)	(736		)	(60,801		)
Loss from discontinued operations, net of income taxes	(110,837		)	(1,166		)	(112,003		)
Gain/(loss) on sale, net of income taxes:
Gain/(loss) on sale	96,675			(5,441		)	91,234
Income tax expense/(benefit)⁽¹⁾	34,785			(29,071		)	5,714
Gain on sale, net of income taxes	61,890			23,630			85,520
(Loss)/income from discontinued operations, net of income taxes	$	(48,947	)	$	22,464		$	(26,483	)


(1)	The income tax benefit for the Regional Media Group included a tax deduction for goodwill, which was previously non-deductible, triggered upon the sale of the Regional Media Group.

The results of operations for the About Group and the Regional Media Group presented as discontinued operations are summarized below for 2011.



	Year Ended December 25, 2011
(In thousands)	About Group		Regional Media Group			Total
Revenues	$	110,826	$	259,945		$	370,771
Total operating costs	67,475		235,032			302,507
Impairment of assets	3,116		152,093			155,209
Pre-tax income/(loss)	40,235		(127,180		)	(86,945		)
Income tax expense/(benefit)⁽¹⁾	15,453		(10,879		)	4,574
Income/(loss) from discontinued operations, net of income taxes	$	24,782	$	(116,301	)	$	(91,519	)


(1)	The income tax benefit for the Regional Media Group was unfavorably impacted because a portion of the goodwill impairment charge was non-deductible.

The results of operations for the About Group and the Regional Media Group presented as discontinued operations are summarized below for 2010.



	Year Ended December 26, 2010
(In thousands)	About Group		Regional Media Group		WQXR-FM⁽¹⁾		Total
Revenues	$	136,077	$	276,659	$	—	$	412,736
Total operating costs	74,570		249,354		—		323,924
Pre-tax income	61,507		27,305		—		88,812
Income tax expense	24,416		10,783		—		35,199
Income from discontinued operations, net of income taxes	37,091		16,522		—		53,613
Gain on sale, net of income taxes:
Gain on sale	—		—		16		16
Income tax expense	—		—		3		3
Gain on sale, net of income taxes	—		—		13		13
Income from discontinued operations, net of income taxes	$	37,091	$	16,522	$	13	$	53,626


(1)	In October 2009, we completed the sale of WQXR-FM, a New York City classical radio station. In 2010, we recorded post-closing adjustments to the gain on the sale of WQXR-FM.

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



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