XML 48 R17.htm IDEA: XBRL DOCUMENT v2.4.1.9
Discontinued Operations
 3 Months Ended
Mar. 29, 2015
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
DISCONTINUED OPERATIONS
New England Media Group
In the fourth quarter of 2013, we completed the sale of substantially all of the assets and operating liabilities of the New England Media Group — consisting of The Boston Globe, BostonGlobe.com, Boston.com, the T&G, Telegram.com and related properties — and our 49% equity interest in Metro Boston, for $70 million in cash, subject to customary adjustments. The net after-tax proceeds from the sale, including a tax benefit, were $74 million. The results of operations of the New England Media Group have been classified as discontinued operations for all periods presented.
The results of operations for the New England Media Group presented as discontinued operations are summarized below.
 
 
For the Quarters Ended
(In thousands)
 
March 29, 2015
 
March 30, 2014
Loss on sale, net of income taxes:
 
 
 
 
Loss on sale
 
$
—

 
$
(1,559
)
Income tax benefit
 
—

 
(565
)
Loss on sale, net of income taxes
 
—

 
(994
)
Loss from discontinued operations, net of income taxes
 
$
—

 
$
(994
)