Discontinued Operations

6 Months Ended

Jun. 30, 2012

Discontinued Operations

Discontinued Operations

Note 3 — Discontinued Operations

WWHO-TV

On February 16, 2012, we completed the sale of substantially all of the assets of WWHO-TV, our CW affiliate serving Columbus, OH, to Manhan Media, Inc.  As of June 30, 2012, no amounts related to WWHO-TV were classified as assets or liabilities held for sale on our consolidated balance sheets.  During the six months ended June 30, 2012, we recorded a loss on the sale of WWHO-TV of $0.4 million ($0.3 million, net of tax).

WUPW-TV

On April 21, 2012, we completed the sale of substantially all of the assets of WUPW-TV to WUPW, LLC.  As of June 30, 2012, no amounts related to WUPW-TV were classified as assets or liabilities held for sale on our consolidated balance sheets. During the three and six months ended June 30, 2012, we recorded a gain on the sale of WUPW-TV of $18 million ($11.7 million, net of tax).

The following presents summarized information for the discontinued operations as follows (in thousands):

	Three Months Ended June 30,
	2012								2011
	WWHO- TV		WUPW- TV			Total			WWHO- TV			WUPW- TV		Total
Net revenues	$	—	$	418		$	418		$	1,200		$	1,952	$	3,152
Operating income (loss)	16		(58		)	(42		)	(31		)	294		263
Net income (loss)	22		(98		)	(76		)	(21		)	190		169

	Six Months Ended June 30,
	2012									2011
	WWHO- TV			WUPW- TV			Total			WWHO- TV			WUPW- TV		Total
Net revenues	$	440		$	2,193		$	2,633		$	2,263		$	3,809	$	6,072
Operating (loss) income	(393		)	(1,166		)	(1,559		)	(264		)	491		227
Net (loss) income	(252		)	(766		)	(1,018		)	(172		)	316		144