ASSETS

December 26,
1999

December 27,
1998

Current assets:

Cash, cash equivalents and short-term investments

$

646,046

$

7,637

Accounts receivable (less allowance for doubtful accounts 1999 — $7,088; 1998 — $8,433)

102,834

110,067

Inventories

14,282

20,341

Other

33,572

38,181

Total current assets

796,734

176,226

Investments in unconsolidated affiliates

87,871

146,702

Other assets

58,945

45,818

Property, plant and equipment, at cost:

Land

28,432

29,932

Buildings

164,384

167,332

Machinery and equipment

534,514

900,328

Construction in progress

10,749

13,659

Accumulated depreciation

(356,603

)

(614,454

)

Net property, plant and equipment

381,476

496,797

Excess of cost over fair value of net identifiable assets of acquired businesses (less accumulated amortization 1999 — $58,553; 1998 — $41,490)

631,597

651,391

FCC licenses and other intangibles (less accumulated amortization 1999 — $51,657; 1998 — $34,829)

383,751

400,412

Total assets

$

2,340,374

$

1,917,346