Discontinued Operations (Tables)

12 Months Ended

Dec. 29, 2013

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 New England Media Group, About Group and the Regional Media Group presented as discontinued operations are summarized below for 2013.



	Year Ended December 29, 2013
(In thousands)	New England Media Group			About Group			Regional Media Group		Total
Revenues	$	287,677		$	—		$	—	$	287,677
Total operating costs	281,414			—			—		281,414
Multiemployer pension plan withdrawal expense⁽¹⁾	7,997			—			—		7,997
Impairment of assets⁽²⁾	34,300			—			—		34,300
Loss from joint ventures	(240		)	—			—		(240		)
Interest expense, net	9			—			—		9
Pre-tax loss	(36,283		)	—			—		(36,283		)
Income tax benefit⁽³⁾	(13,373		)	(2,497		)	—		(15,870		)
(Loss)/income from discontinued operations, net of income taxes	(22,910		)	2,497			—		(20,413		)
Gain/(loss) on sale, net of income taxes:
Gain on sale⁽⁴⁾	47,561			419			—		47,980
Income tax expense	19,457			161			—		19,618
Gain on sale, net of income taxes	28,104			258			—		28,362
Income from discontinued operations, net of income taxes	$	5,194		$	2,755		$	—	$	7,949


(1)	The multiemployer pension plan withdrawal expense in 2013 is 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 impairment of assets in 2013 is the impairment of fixed assets related to the New England Media Group.


(3)	The income tax benefit for the About Group in 2013 is related to a change in prior period estimated tax expense.


(4)	Included in the gain on sale in 2013 is a $49.1 million post-retirement curtailment gain related to the New England Media Group.

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



	Year Ended December 25, 2011
(In thousands)	New England Media Group		About Group		Regional Media Group			Total
Revenues	$	398,056	$	110,826	$	259,945		$	768,827
Total operating costs	376,474		67,475		235,032			678,981
Impairment of assets	1,767		3,116		152,093			156,976
Income from joint ventures	298		—		—			298
Pre-tax income/(loss)	20,113		40,235		(127,180		)	(66,832		)
Income tax expense/(benefit)⁽¹⁾	11,393		15,453		(10,879		)	15,967
Income/(loss) from discontinued operations, net of income taxes	$	8,720	$	24,782	$	(116,301	)	$	(82,799	)


(1)	The income tax benefit for the Regional Media Group in 2011 was unfavorably impacted because a portion of the goodwill impairment charge was non-deductible.

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



	December 30, 2012
(In thousands)	New England Media Group		About Group		Regional Media Group		Total
Accounts receivable, net	$	40,343	$	—	$	—	$	40,343
Inventories	3,078						3,078
Property, plant and equipment, net	86,917		—		—		86,917
Other assets	6,712		—		—		6,712
Total assets	137,050		—		—		137,050
Total liabilities	32,373		—		—		32,373
Net assets	$	104,677	$	—	$	—	$	104,677

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



	Year Ended December 30, 2012
(In thousands)	New England Media Group			About Group			Regional Media Group			Total
Revenues	$	394,739		$	74,970		$	6,115		$	475,824
Total operating costs	385,527			51,140			8,017			444,684
Impairment of assets⁽¹⁾	—			194,732			—			194,732
Income from joint ventures	68			—			—			68
Interest expense, net	7			—			—			7
Pre-tax income/(loss)	9,273			(170,902		)	(1,902		)	(163,531		)
Income tax expense/(benefit)	10,717			(60,065		)	(736		)	(50,084		)
Loss from discontinued operations, net of income taxes	(1,444		)	(110,837		)	(1,166		)	(113,447		)
Gain/(loss) on sale, net of income taxes:
Gain/(loss) on sale	—			96,675			(5,441		)	91,234
Income tax expense/(benefit)⁽²⁾	—			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	$	(1,444	)	$	(48,947	)	$	22,464		$	(27,927	)


(1)	Included in impairment of assets in 2012 is the impairment of goodwill related to the About Group.


(2)	The income tax benefit for the Regional Media Group in 2012 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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