XML 113 R88.htm IDEA: XBRL DOCUMENT v2.4.0.6
Discontinued Operations (Details) (USD $)
3 Months Ended 12 Months Ended 3 Months Ended 0 Months Ended 3 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended
Dec. 30, 2012
Sep. 23, 2012
Jun. 24, 2012
Mar. 25, 2012
Dec. 25, 2011
Sep. 25, 2011
Jun. 26, 2011
Mar. 27, 2011
Dec. 30, 2012
Dec. 25, 2011
Dec. 26, 2010
Dec. 30, 2012
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Dec. 25, 2011
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Dec. 25, 2011
About Group's Consumersearch Tradename [Member] [Member]
Sep. 25, 2012
About Group [Member]
Jun. 24, 2012
About Group [Member]
Dec. 30, 2012
About Group [Member]
Dec. 25, 2011
About Group [Member]
Dec. 26, 2010
About Group [Member]
Jan. 06, 2012
Regional Media Group [Member]
Newspaper
Dec. 30, 2012
Regional Media Group [Member]
Dec. 25, 2011
Regional Media Group [Member]
Dec. 26, 2010
Regional Media Group [Member]
Dec. 30, 2012
WQXR-FM [Member]
Dec. 25, 2011
WQXR-FM [Member]
Dec. 26, 2010
WQXR-FM [Member]
Discontinued operations                                                    
Proceeds from the sale of discontinued operations                             $ 300,000,000         $ 140,044,000 $ 140,044,000 $ 0 $ 0      
Net working capital adjustment                             17,000,000                      
Net after-tax proceeds from sale, including tax benefit                             291,000,000         150,000,000            
Number of newspapers, print publications and related businesses sold                                       16            
Revenues                 81,085,000 370,771,000 412,736,000           74,970,000 110,826,000 136,077,000   6,115,000 259,945,000 276,659,000     0 [1]
Total operating costs                 59,157,000 302,507,000 323,924,000           51,140,000 67,475,000 74,570,000   8,017,000 235,032,000 249,354,000     0 [1]
Impairment of goodwill                 194,732,000 [2] 155,209,000           194,700,000 194,732,000 3,116,000     0 152,093,000        
Pre-tax loss                 (172,804,000) (86,945,000) 88,812,000           (170,902,000) 40,235,000 61,507,000   (1,902,000) (127,180,000) 27,305,000     0 [1]
Income tax benefit                 (60,801,000) 4,574,000 [3] 35,199,000           (60,065,000) 15,453,000 [3] 24,416,000   (736,000) (10,879,000) [3] 10,783,000     0 [1]
Loss from discontinued operations, net of income taxes                 (112,003,000)   53,613,000           (110,837,000)   37,091,000 (6,600,000) (1,166,000)   16,522,000     0 [1]
Gain/(loss) on sale                 91,234,000   16,000       96,700,000   96,675,000 0 0   (5,441,000) 0 0 0 0 16,000 [1]
Income tax expense/(benefit)(1)                 5,714,000 [4]   3,000           34,785,000 [4]   0   (29,071,000) [4]   0     3,000 [1]
Gain on sale, net of income taxes                 85,520,000 0 13,000       61,900,000   61,890,000   0 23,600,000 23,630,000   0     13,000 [1]
(Loss)/income from discontinued operations, net of income taxes 59,789,000 6,026,000 (125,689,000) 33,391,000 7,921,000 9,074,000 (120,381,000) 11,867,000 (26,483,000) (91,519,000) 53,626,000           (48,947,000) 24,782,000 37,091,000   22,464,000 (116,301,000) 16,522,000     13,000 [1]
Goodwill                       0 0                          
Impairment of assets                 194,732,000 164,434,000 16,148,000     3,100,000                        
Cost method investments                       0 2,864,000                          
Accounts receivable, net         40,919,000         40,919,000               14,369,000       26,550,000        
Property, plant and equipment, net         148,050,000         148,050,000               1,763,000       146,287,000        
Goodwill         367,276,000         367,276,000               367,276,000       0        
Other intangible assets acquired, net         17,540,000         17,540,000               17,210,000       330,000        
Other assets         16,217,000         16,217,000               11,203,000       5,014,000        
Total assets held for sale 0       590,002,000       0 590,002,000               411,821,000       178,181,000        
Total liabilities         19,568,000 [5]         19,568,000 [5]               0 [5]       19,568,000 [5]        
Net assets         $ 570,434,000         $ 570,434,000               $ 411,821,000       $ 158,613,000        
[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.
[2] Impairment losses relate to the About Group and are included within “(Loss)/income from discontinued operations, net of income taxes” for the year ended December 30, 2012. We sold the About Group in September 2012. See Note 15 for additional information.
[3] The income tax benefit for the Regional Media Group was unfavorably impacted because a portion of the goodwill impairment charge was non-deductible.
[4] 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.
[5] Included in “Accrued expenses” in our Condensed Consolidated Balance Sheet as of December 25, 2011.