XML 61 R40.htm IDEA: XBRL DOCUMENT v2.4.1.9
Discontinued Operations (Tables)
12 Months Ended
Dec. 28, 2014
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 2014.
 
 
Year ended December 28, 2014
(In thousands)
 
New England Media Group
About Group
Regional Media Group
Total
Revenues
 
$

$

$

$

Total operating costs
 




Multiemployer pension plan withdrawal expense
 




Impairment of assets
 




Loss from joint ventures
 




Interest expense, net
 




Pre-tax income/(loss)
 




Income tax expense/(benefit)
 




Income/(loss) from discontinued operations, net of income taxes
 




Loss on sale, net of income taxes:
 
 
 
 
 
Loss on sale
 
(349
)
(229
)
(397
)
(975
)
Income tax (benefit)/expense
 
(127
)
(93
)
331

111

Loss on sale, net of income taxes
 
(222
)
(136
)
(728
)
(1,086
)
Loss from discontinued operations, net of income taxes
 
$
(222
)
$
(136
)
$
(728
)
$
(1,086
)

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 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 nondeductible, triggered upon the sale of the Regional Media Group.