Fiscal Years Ended

December 26,

December 27,

December 28,

1999

1998

1997

Revenues

$

795,408

$

816,936

$

756,685

Operating costs:

Production

386,987

399,396

381,815

Selling, distribution and administrative

218,535

216,461

205,347

Depreciation and amortization

79,520

75,789

72,184

Total operating costs

685,042

691,646

659,346

Operating income

110,366

125,290

97,339

Other income (expense):

Interest expense

(46,554

)

(62,584

)

(60,691

)

Investment income — unconsolidated affiliates

9,067

22,193

21,037

Gain on sale of Denver Newspapers, Inc. common stock

30,983

—

—

Other, net

11,548

(980

)

1,270

Total other income (expense)

5,044

(41,371

)

(38,384

)

Income from continuing operations before income taxes and extraordinary item

115,410

83,919

58,955

Income taxes

45,463

30,482

23,370

Income from continuing operations before extraordinary item

69,947

53,437

35,585

Discontinued operations:

Income from operations of Cable Segment (net of income taxes of $8,544 in 1999; $9,819 in 1998; and $10,427 in 1997)

13,978

17,437

16,925

Gain on disposition of Cable operations (net of income taxes of $509,760)

798,719

—

—

Extraordinary item from early redemption of debt (net of income tax benefit of $800 in 1999; $38,613 in 1997)

(1,328

)

—

(63,000

)

Net income (loss)

$

881,316

$

70,874

$

(10,490

)

Earnings (loss) per common share:

Income from continuing operations before extraordinary item

$

2.64

$

2.01

$

1.35

Income from discontinued Cable operations

30.66

0.66

0.64

Extraordinary item

(0.05

)

—

(2.39

)

Net income (loss)

$

33.25

$

2.67

$

(0.40

)

Earnings (loss) per common share — assuming dilution:

Income from continuing operations before extraordinary item

$

2.60

$

1.98

$

1.33

Income from discontinued Cable operations

30.23

0.65

0.64

Extraordinary item

(0.05

)

—

(2.37

)

Net income (loss)

$

32.78

$

2.63

$

(0.40

)