Discontinued Operations (Tables)

9 Months Ended

Sep. 29, 2013

Discontinued Operations and Disposal Groups [Abstract]

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

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



	September 29, 2013								December 30, 2012
(In thousands)	New England Media Group		About Group		Regional Media Group		Total		New England Media Group		About Group		Regional Media Group		Total
Accounts receivable, net	$	33,389	$	—	$	—	$	33,389	$	40,343	$	—	$	—	$	40,343
Inventories	1,970		—		—		1,970		3,078		—		—		3,078
Property, plant and equipment, net	55,056		—		—		55,056		86,917		—		—		86,917
Other assets	7,225		—		—		7,225		6,712		—		—		6,712
Total assets	97,640		—		—		97,640		137,050		—		—		137,050
Total liabilities	30,963		—		—		30,963		32,373		—		—		32,373
Net liabilities	$	66,677	$	—	$	—	$	66,677	$	104,677	$	—	$	—	$	104,677

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



	For the Quarters Ended
	September 29, 2013										September 23, 2012
(In thousands)	New England Media Group			About Group		Regional Media Group		Total			New England Media Group			About Group		Regional Media Group		Total
Revenues	$	89,073		$	—	$	—	$	89,073		$	93,691		$	25,616	$	—	$	119,307
Total operating costs	85,157			—		—		85,157			93,233			16,687		—		109,920
Pension withdrawal expense⁽¹⁾	7,997			—		—		7,997			—			—		—		—
Impairment of assets	34,300			—		—		34,300			—			—		—		—
(Loss)/income from joint ventures	(82		)	—		—		(82		)	17			—		—		17
Interest expense, net	3			—		—		3			7			—		—		7
Pre-tax (loss)/income	(38,466		)	—		—		(38,466		)	468			8,929		—		9,397
Income tax (benefit)/expense	(19,479		)	—		—		(19,479		)	791			2,903		—		3,694
(Loss)/income from discontinued operations, net of income taxes	$	(18,987	)	$	—	$	—	$	(18,987	)	$	(323	)	$	6,026	$	—	$	5,703


(1)	The pension withdrawal expense related to estimated charges for complete or partial withdrawal obligations under multiemployer pension plans triggered by the sale of the New England Media Group.



	For the Nine Months Ended
	September 29, 2013										September 23, 2012
(In thousands)	New England Media Group			About Group		Regional Media Group		Total			New England Media Group			About Group			Regional Media Group			Total
Revenues	$	268,737		$	—	$	—	$	268,737		$	287,035		$	74,970		$	6,115		$	368,120
Total operating costs	262,079			—		—		262,079			288,360			51,140			8,017			347,517
Pension withdrawal expense⁽¹⁾	7,997			—		—		7,997			—			—			—			—
Impairment of assets⁽²⁾	34,300			—		—		34,300			—			194,732			—			194,732
(Loss)/income from joint ventures	(205		)	—		—		(205		)	(12		)	—			—			(12		)
Interest expense, net	9			—		—		9			7			—			—			7
Pre-tax loss	(35,853		)	—		—		(35,853		)	(1,344		)	(170,902		)	(1,902		)	(174,148		)
Income tax expense/(benefit)	(16,858		)	—		—		(16,858		)	391			(60,065		)	(736		)	(60,410		)
Loss from discontinued operations, net of income taxes	(18,995		)	—		—		(18,995		)	(1,735		)	(110,837		)	(1,166		)	(113,738		)
Gain/(loss) on sale, net of income taxes
Loss on sale	—			—		—		—			—			—			(4,717		)	(4,717		)
Income tax benefit⁽³⁾	—			—		—		—			—			—			(30,448		)	(30,448		)
Gain on sale, net of income taxes	—			—		—		—			—			—			25,731			25,731
(Loss)/income from discontinued operations, net of income taxes	$	(18,995	)	$	—	$	—	$	(18,995	)	$	(1,735	)	$	(110,837	)	$	24,565		$	(88,007	)


(1)	The pension withdrawal expense related to estimated charges for complete or partial withdrawal obligations under multiemployer pension plans triggered by the sale of the New England Media Group.


(2)	Included in the impairment of assets in 2012 is the impairment of goodwill that related to the About Group for the nine months ended September 23, 2012.


(3)	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.

- 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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