Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2013

Discontinued Operations and Disposal Groups [Abstract]

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

The 2012 results of operations for the About Group and the Regional Media Group presented as discontinued operations are summarized below.



	For the Quarter Ended									For the Six Months Ended
	June 24, 2012									June 24, 2012
(In thousands)	About Group			Regional Media Group			Total			About Group			Regional Media Group			Total
Revenues	$	25,410		$	—		$	25,410		$	49,354		$	6,115		$	55,469
Total operating costs	17,505			—			17,505			34,453			8,017			42,470
Impairment of goodwill	194,732			—			194,732			194,732			—			194,732
Pre-tax loss	(186,827		)	—			(186,827		)	(179,831		)	(1,902		)	(181,733		)
Income tax benefit	(65,643		)	—			(65,643		)	(62,968		)	(736		)	(63,704		)
Loss from discontinued operations, net of income taxes	(121,184		)	—			(121,184		)	(116,863		)	(1,166		)	(118,029		)
(Loss)/gain on sale, net of income taxes
Loss on sale	—			(7,026		)	(7,026		)	—			(4,717		)	(4,717		)
Income tax benefit⁽¹⁾	—			2,521			2,521			—			30,448			30,448
(Loss)/gain on sale, net of income taxes	—			(4,505		)	(4,505		)	—			25,731			25,731
(Loss)/income from discontinued operations, net of income taxes	$	(121,184	)	$	(4,505	)	$	(125,689	)	$	(116,863	)	$	24,565		$	(92,298	)


(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 estimated carrying amounts of the major classes of assets and liabilities included as part of the sale are summarized below:



(In thousands)	June 30, 2013		December 30, 2012
Cash and cash equivalents	$	5,585	$	11,068
Accounts receivable, net	35,105		40,343
Inventories	2,258		3,078
Property, plant, and equipment, net	82,479		86,917
Other assets	5,731		4,470
Investments	2,129		2,241
Total assets	133,287		148,117
Total liabilities	35,371		37,387
Net assets	$	97,916	$	110,730

- 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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