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BELO CORP

SEC Form 10-Q filed 2010-07-30 for the period ending 2010-06-30


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Selected tables from the SEC filing

Table 0

Financial table in standard format

PART I.
Item 1. Financial Statements
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS
Belo Corp. and Subsidiaries
                                 
    Three months ended     Six months ended  
    June 30,     June 30,  
In thousands, except per share amounts (unaudited)   2010     2009     2010     2009  
 
                               
Net Operating Revenues
  $ 162,982     $ 144,770     $ 317,314     $ 278,306  
 
                               
Operating Costs and Expenses
                               
Station salaries, wages and employee benefits
    51,911       45,536       103,135       98,209  
Station programming and other operating costs
    47,015       49,219       92,646       97,584  
Corporate operating costs
    7,855       5,199       17,464       14,148  
Pension contribution reimbursement
    (4,200 )           (8,272 )      
Depreciation
    8,770       9,967       18,013       20,759  
 
                       
 
                               
Total operating costs and expenses
    111,351       109,921       222,986       230,700  
 
                       
 
                               
Earnings from operations
    51,631       34,849       94,328       47,606  
 
                               
Other Income and (Expense)
                               
Interest expense
    (19,815 )     (15,332 )     (39,703 )     (29,912 )
Other income (expense), net
    375       (2,805 )     108       13,564  
 
                       
 
                               
Total other income and (expense)
    (19,440 )     (18,137 )     (39,595 )     (16,348 )
 
Earnings before income taxes
    32,191       16,712       54,733       31,258  
Income taxes
    12,666       6,417       21,666       12,052  
 
                       
 
                               
Net earnings
  $ 19,525     $ 10,295     $ 33,067     $ 19,206  
 
                       
 
                               
Earnings Per Share
                               
Basic
  $ 0.19     $ 0.10     $ 0.32     $ 0.18  
Diluted
  $ 0.19     $ 0.10     $ 0.31     $ 0.18  
 
                               
Weighted Average Shares Outstanding
                               
Basic
    103,027       102,497       102,919       102,438  
Diluted
    103,456       102,513       103,342       102,458  
 
Dividends declared per share
  $     $     $     $ 0.075  
BELO CORP CIK:356080
2010-03-30
to
2010-06-30
(3-months)
2009-03-30
to
2009-06-30
(3-months)
2009-12-30
to
2010-06-30
(6-months)
2008-12-30
to
2009-06-30
(6-months)
Net Operating Revenues$162,982$144,770$317,314$278,306
Operating Costs and Expenses
Station salaries, wages and employee benefits51,91145,536103,13598,209
Station programming and other operating costs47,01549,21992,64697,584
Corporate operating costs7,8555,19917,46414,148
Pension contribution reimbursement(4,200)(8,272)
Depreciation8,7709,96718,01320,759
Total operating costs and expenses111,351109,921222,986230,700
Earnings from operations51,63134,84994,32847,606
Other Income and (Expense)
Interest expense(19,815)(15,332)(39,703)(29,912)
Other income (expense), net375(2,805)10813,564
Total other income and (expense)(19,440)(18,137)(39,595)(16,348)
Earnings before income taxes32,19116,71254,73331,258
Income taxes12,6666,41721,66612,052
Net earnings$19,525$10,295$33,067$19,206
Earnings Per Share
Basic$0.19$0.10$0.32$0.18
Diluted$0.19$0.10$0.31$0.18
Weighted Average Shares Outstanding
Basic103,027102,497102,919102,438
Diluted103,456102,513103,342102,458
Dividends declared per share$0.075

Table 1

Financial table in standard format

CONSOLIDATED CONDENSED BALANCE SHEETS
Belo Corp. and Subsidiaries
                 
In thousands, except share and per share amounts   June 30,     December 31,  
(unaudited)   2010     2009  
 
               
Assets
               
 
               
Current assets:
               
Cash and temporary cash investments
  $ 6,883     $ 4,800  
Accounts receivable, net
    136,286       139,911  
Other current assets
    27,976       31,413  
 
           
Total current assets
    171,145       176,124  
 
               
Property, plant and equipment, net
    172,809       177,475  
Intangible assets, net
    725,399       725,399  
Goodwill
    423,873       423,873  
Other assets
    73,133       81,590  
 
           
 
               
Total assets
  $ 1,566,359     $ 1,584,461  
 
           
 
               
Liabilities and Shareholders Equity
               
 
               
Current liabilities:
               
Accounts payable
  $ 17,164     $ 20,736  
Accrued expenses
    44,658       41,922  
Short-term pension obligation
    16,363       14,277  
Accrued interest payable
    10,627       10,682  
Income taxes payable
    4,044       12,052  
Deferred revenue
    3,639       4,228  
 
           
Total current liabilities
    96,495       103,897  
 
               
Long-term debt
    989,669       1,028,219  
Deferred income taxes
    183,501       169,888  
Pension obligation
    168,826       182,065  
Other liabilities
    20,387       28,561  
 
               
Shareholders equity:
               
Preferred stock, $1.00 par value. Authorized 5,000,000 shares; none issued
               
Common stock, $1.67 par value. Authorized 450,000,000 shares
               
Series A: Issued 91,883,375 shares at June 30, 2010 and 90,956,337 shares at December 31, 2009
    153,445       151,897  
Series B: Issued 11,211,111 shares at June 30, 2010 and 11,642,354 shares at December 31, 2009
    18,723       19,443  
Additional paid-in capital
    913,745       911,989  
Accumulated deficit
    (838,847 )     (871,913 )
Accumulated other comprehensive loss
    (139,585 )     (139,585 )
 
           
 
               
Total shareholders equity
    107,481       71,831  
 
           
 
               
Total liabilities and shareholders equity
  $ 1,566,359     $ 1,584,461  
 
           
BELO CORP CIK:356080
2010-06-30 2009-12-31
Assets
Current assets:
Cash and temporary cash investments$6,883$4,800
Accounts receivable, net136,286139,911
Other current assets27,97631,413
Total current assets171,145176,124
Property, plant and equipment, net172,809177,475
Intangible assets, net725,399725,399
Goodwill423,873423,873
Other assets73,13381,590
Total assets$1,566,359$1,584,461
Liabilities and Shareholders Equity
Current liabilities:
Accounts payable$17,164$20,736
Accrued expenses44,65841,922
Short-term pension obligation16,36314,277
Accrued interest payable10,62710,682
Income taxes payable4,04412,052
Deferred revenue3,6394,228
Total current liabilities96,495103,897
Long-term debt989,6691,028,219
Deferred income taxes183,501169,888
Pension obligation168,826182,065
Other liabilities20,38728,561
Shareholders equity:
Preferred stock, $1.00 par value. Authorized 5,000,000 shares; none issued
Common stock, $1.67 par value. Authorized 450,000,000 shares
Series A: Issued 91,883,375 shares at June 30, 2010 and 90,956,337 shares at December 31, 2009153,445151,897
Series B: Issued 11,211,111 shares at June 30, 2010 and 11,642,354 shares at December 31, 200918,72319,443
Additional paid-in capital913,745911,989
Accumulated deficit(838,847)(871,913)
Accumulated other comprehensive loss(139,585)(139,585)
Total shareholders equity107,48171,831
Total liabilities and shareholders equity$1,566,359$1,584,461

Table 2

Financial table in standard format

At June 30, 2010, the fair value of Belos 6
3
/
4
% Senior Notes due May 30, 2013, 8% Senior Notes due November 15, 2016, 7
3
/
4
% Senior Debentures due June 1, 2027, and 7
1
/
4
% Senior Debentures due September 15, 2027, was estimated to be $177,244, $283,745, $162,400, and $210,600, respectively. The fair value is estimated using quoted market prices and yields obtained through independent pricing sources, taking into consideration the underlying terms of the debt, such as the coupon rate and term to maturity (Level 1 inputs). The Company believes the credit facility, as recorded, approximates fair value as the interest rates are variable based on current market rates.
(7)   In November 2009, the Company issued Senior Notes that are fully and unconditionally guaranteed by each of the Companys 100%-owned subsidiaries as of the date of issuance. Accordingly, the following condensed consolidating financial statements present the consolidated balance sheets, consolidated statements of operations and consolidated statements of cash flows of Belo as parent, the guarantor subsidiaries consisting of Belos current 100%-owned subsidiaries, and eliminations necessary to arrive at the Companys information on a consolidated basis. These statements are presented in accordance with the disclosure requirements under Securities and Exchange Commission Regulation S-X, Rule 3-10.
BELO CORP CIK:356080
Data column 1: Unable to interpret date in column header

Table 3

Table column format standardization was unsuccessful.

(7)
 
In November 2009, the Company issued Senior Notes that are fully and unconditionally guaranteed by each of the Companys 100%-owned subsidiaries as of the date of issuance. Accordingly, the following condensed consolidating financial statements present the consolidated balance sheets, consolidated statements of operations and consolidated statements of cash flows of Belo as parent, the guarantor subsidiaries consisting of Belos current 100%-owned subsidiaries, and eliminations necessary to arrive at the Companys information on a consolidated basis. These statements are presented in accordance with the disclosure requirements under Securities and Exchange Commission Regulation S-X, Rule 3-10.
Condensed Consolidating Statement of Operations
For the Three Months Ended June 30, 2010
(in thousands)(unaudited)
                                 
            Guarantor              
    Parent     Subsidiaries     Eliminations     Total  
 
                               
Net Operating Revenues
  $     $ 162,982     $     $ 162,982  
 
                               
Operating Costs and Expenses
                               
Station salaries, wages and employee benefits
          51,911             51,911  
Station programming and other operating costs
          47,015             47,015  
Corporate operating costs
    6,700       1,155             7,855  
Pension contribution reimbursement
    (4,200 )                 (4,200 )
Depreciation
    460       8,310             8,770  
 
                       
Total operating costs and expenses
    2,960       108,391             111,351  
 
                       
 
                               
Earnings (loss) from operations
    (2,960 )     54,591             51,631  
 
                               
Other Income and (Expense)
                               
Interest expense
    (19,785 )     (30 )           (19,815 )
Intercompany interest
    1,703       (1,703 )            
Other income (expense), net
    (47 )     422             375  
 
                       
Total other income and (expense)
    (18,129 )     (1,311 )           (19,440 )
 
                               
Earnings (loss) before income taxes
    (21,089 )     53,280             32,191  
 
                               
Income tax benefit (expense)
    16,185       (28,851 )           (12,666 )
Equity in earnings (loss) of subsidiaries
    24,429             (24,429 )      
 
                       
 
                               
Net earnings (loss)
  $ 19,525     $ 24,429     $ (24,429 )   $ 19,525  
 
                       
Unable to find the column headers.

Table internal representation dump (debug use)

First numeric data row: 0
First row with column header attributes: 
Last row with column header attributes:  

Row 0

Row 1
    (6..7)   [2..2] (stub): 'Guarantor'

Row 2
    (2..3)   [1..1] (stub): 'Parent'
    (6..7)   [2..2] (stub): 'Subsidiaries'
  (10..11)   [2..3] (stub): 'Eliminations'
  (14..15)   [3..3] (stub): 'Total'

Row 3

Row 4
    [0..0)   [0..0] (stub): 'Net Operating Revenues'
    [2..2)   [0..1] (stub): '$'
    [6..7]   [2..2] ( num): '$162,982'
      Attributes: num=>982 [2..2]  
  [10..10)   [2..3] (stub): '$'
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      Attributes: num=>982 [3..3]  

Row 5

Row 6
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Row 7
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      Attributes: num=>51 [3..3]  num=>911 [3..3]  

Row 8
    [0..0)   [0..0] (stub): 'Station programming and other operating costs'
    (7..7]   [2..2] ( num): '47,015'
      Attributes: num=>47 [2..2]  num=>015 [2..2]  
  (15..15]   [3..3] ( num): '47,015'
      Attributes: num=>47 [3..3]  num=>015 [3..3]  

Row 9
    [0..0)   [0..0] (stub): 'Corporate operating costs'
    (3..3]   [1..1] ( num): '6,700'
      Attributes: num=>6 [1..1]  num=>700 [1..1]  
    (7..7]   [2..2] ( num): '1,155'
      Attributes: num=>1 [2..2]  num=>155 [2..2]  
  (15..15]   [3..3] ( num): '7,855'
      Attributes: num=>7 [3..3]  num=>855 [3..3]  

Row 10
    [0..0)   [0..0] (stub): 'Pension contribution reimbursement'
    (3..4)   [1..1] ( num): '(4,200)'
  (15..16)   [3..3] ( num): '(4,200)'

Row 11
    [0..0)   [0..0] (stub): 'Depreciation'
    (3..3]   [1..1] ( num): '460'
      Attributes: num=>460 [1..1]  
    (7..7]   [2..2] ( num): '8,310'
      Attributes: num=>8 [2..2]  num=>310 [2..2]  
  (15..15]   [3..3] ( num): '8,770'
      Attributes: num=>8 [3..3]  num=>770 [3..3]  

Row 12

Row 13
    [0..0)   [0..0] (stub): 'Total operating costs and expenses'
    (3..3]   [1..1] ( num): '2,960'
      Attributes: num=>2 [1..1]  num=>960 [1..1]  
    (7..7]   [2..2] ( num): '108,391'
      Attributes: num=>108 [2..2]  num=>391 [2..2]  
  (15..15]   [3..3] ( num): '111,351'
      Attributes: num=>111 [3..3]  num=>351 [3..3]  

Row 14

Row 15

Row 16
    [0..0)   [0..0] (stub): 'Earnings (loss) from operations'
    (3..4)   [1..1] ( num): '(2,960)'
    (7..7]   [2..2] ( num): '54,591'
      Attributes: num=>54 [2..2]  num=>591 [2..2]  
  (15..15]   [3..3] ( num): '51,631'
      Attributes: num=>51 [3..3]  num=>631 [3..3]  

Row 17

Row 18
    [0..0)   [0..0] (stub): 'Other Income and (Expense)'

Row 19
    [0..0)   [0..0] (stub): 'Interest expense'
    (3..4)   [1..1] ( num): '(19,785)'
    (7..8)   [2..2] ( num): '(30)'
  (15..16)   [3..3] ( num): '(19,815)'

Row 20
    [0..0)   [0..0] (stub): 'Intercompany interest'
    (3..3]   [1..1] ( num): '1,703'
      Attributes: num=>1 [1..1]  num=>703 [1..1]  
    (7..8)   [2..2] ( num): '(1,703)'

Row 21
    [0..0)   [0..0] (stub): 'Other income (expense), net'
    (3..4)   [1..1] ( num): '(47)'
    (7..7]   [2..2] ( num): '422'
      Attributes: num=>422 [2..2]  
  (15..15]   [3..3] ( num): '375'
      Attributes: num=>375 [3..3]  

Row 22

Row 23
    [0..0)   [0..0] (stub): 'Total other income and (expense)'
    (3..4)   [1..1] ( num): '(18,129)'
    (7..8)   [2..2] ( num): '(1,311)'
  (15..16)   [3..3] ( num): '(19,440)'

Row 24

Row 25
    [0..0)   [0..0] (stub): 'Earnings (loss) before income taxes'
    (3..4)   [1..1] ( num): '(21,089)'
    (7..7]   [2..2] ( num): '53,280'
      Attributes: num=>53 [2..2]  num=>280 [2..2]  
  (15..15]   [3..3] ( num): '32,191'
      Attributes: num=>32 [3..3]  num=>191 [3..3]  

Row 26

Row 27
    [0..0)   [0..0] (stub): 'Income tax benefit (expense)'
    (3..3]   [1..1] ( num): '16,185'
      Attributes: num=>16 [1..1]  num=>185 [1..1]  
    (7..8)   [2..2] ( num): '(28,851)'
  (15..16)   [3..3] ( num): '(12,666)'

Row 28
    [0..0)   [0..0] (stub): 'Equity in earnings (loss) of subsidiaries'
    (3..3]   [1..1] ( num): '24,429'
      Attributes: num=>24 [1..1]  num=>429 [1..1]  
  (11..12)   [2..3] ( num): '(24,429)'

Row 29

Row 30

Row 31
    [0..0)   [0..0] (stub): 'Net earnings (loss)'
    [2..3]   [1..1] ( num): '$19,525'
      Attributes: num=>525 [1..1]  
    [6..7]   [2..2] ( num): '$24,429'
      Attributes: num=>429 [2..2]  
  [10..12)   [2..3] ( num): '$(24,429)'
  [14..15]   [3..3] ( num): '$19,525'
      Attributes: num=>525 [3..3]  

Row 32



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Table attributes: balancesheet,revenues,date,incomestatement,cash

Table 4

Table column format standardization was unsuccessful.

Condensed Consolidating Statement of Operations
For the Three Months Ended June 30, 2009
(in thousands)(unaudited)
                                 
            Guarantor              
    Parent     Subsidiaries     Eliminations     Total  
 
                               
Net Operating Revenues
  $     $ 144,770     $     $ 144,770  
 
                               
Operating Costs and Expenses
                               
Station salaries, wages and employee benefits
          45,536             45,536  
Station programming and other operating costs
          49,219             49,219  
Corporate operating costs
    4,907       292             5,199  
Depreciation
    784       9,183             9,967  
 
                       
Total operating costs and expenses
    5,691       104,230             109,921  
 
                       
 
                               
Earnings (loss) from operations
    (5,691 )     40,540             34,849  
 
                               
Other Income and (Expense)
                               
Interest expense
    (15,296 )     (36 )           (15,332 )
Intercompany interest
    1,704       (1,704 )            
Other expense, net
    (685 )     (2,120 )           (2,805 )
 
                       
Total other income and (expense)
    (14,277 )     (3,860 )           (18,137 )
 
                               
Earnings (loss) before income taxes
    (19,968 )     36,680             16,712  
 
                               
Income tax benefit (expense)
    8,336       (14,753 )           (6,417 )
Equity in earnings (loss) of subsidiaries
    21,927             (21,927 )      
 
                       
 
                               
Net earnings (loss)
  $ 10,295     $ 21,927     $ (21,927 )   $ 10,295  
 
                       
Unable to find the column headers.

Table internal representation dump (debug use)

First numeric data row: 0
First row with column header attributes: 
Last row with column header attributes:  

Row 0

Row 1
    (6..7)   [2..2] (stub): 'Guarantor'

Row 2
    (2..3)   [1..1] (stub): 'Parent'
    (6..7)   [2..2] (stub): 'Subsidiaries'
  (10..11)   [2..3] (stub): 'Eliminations'
  (14..15)   [3..3] (stub): 'Total'

Row 3

Row 4
    [0..0)   [0..0] (stub): 'Net Operating Revenues'
    [2..2)   [0..1] (stub): '$'
    [6..7]   [2..2] ( num): '$144,770'
      Attributes: num=>770 [2..2]  
  [10..10)   [2..3] (stub): '$'
  [14..15]   [3..3] ( num): '$144,770'
      Attributes: num=>770 [3..3]  

Row 5

Row 6
    [0..0)   [0..0] (stub): 'Operating Costs and Expenses'

Row 7
    [0..0)   [0..0] (stub): 'Station salaries, wages and employee benefits'
    (7..7]   [2..2] ( num): '45,536'
      Attributes: num=>45 [2..2]  num=>536 [2..2]  
  (15..15]   [3..3] ( num): '45,536'
      Attributes: num=>45 [3..3]  num=>536 [3..3]  

Row 8
    [0..0)   [0..0] (stub): 'Station programming and other operating costs'
    (7..7]   [2..2] ( num): '49,219'
      Attributes: num=>49 [2..2]  num=>219 [2..2]  
  (15..15]   [3..3] ( num): '49,219'
      Attributes: num=>49 [3..3]  num=>219 [3..3]  

Row 9
    [0..0)   [0..0] (stub): 'Corporate operating costs'
    (3..3]   [1..1] ( num): '4,907'
      Attributes: num=>4 [1..1]  num=>907 [1..1]  
    (7..7]   [2..2] ( num): '292'
      Attributes: num=>292 [2..2]  
  (15..15]   [3..3] ( num): '5,199'
      Attributes: num=>5 [3..3]  num=>199 [3..3]  

Row 10
    [0..0)   [0..0] (stub): 'Depreciation'
    (3..3]   [1..1] ( num): '784'
      Attributes: num=>784 [1..1]  
    (7..7]   [2..2] ( num): '9,183'
      Attributes: num=>9 [2..2]  num=>183 [2..2]  
  (15..15]   [3..3] ( num): '9,967'
      Attributes: num=>9 [3..3]  num=>967 [3..3]  

Row 11

Row 12
    [0..0)   [0..0] (stub): 'Total operating costs and expenses'
    (3..3]   [1..1] ( num): '5,691'
      Attributes: num=>5 [1..1]  num=>691 [1..1]  
    (7..7]   [2..2] ( num): '104,230'
      Attributes: num=>104 [2..2]  num=>230 [2..2]  
  (15..15]   [3..3] ( num): '109,921'
      Attributes: num=>109 [3..3]  num=>921 [3..3]  

Row 13

Row 14

Row 15
    [0..0)   [0..0] (stub): 'Earnings (loss) from operations'
    (3..4)   [1..1] ( num): '(5,691)'
    (7..7]   [2..2] ( num): '40,540'
      Attributes: num=>40 [2..2]  num=>540 [2..2]  
  (15..15]   [3..3] ( num): '34,849'
      Attributes: num=>34 [3..3]  num=>849 [3..3]  

Row 16

Row 17
    [0..0)   [0..0] (stub): 'Other Income and (Expense)'

Row 18
    [0..0)   [0..0] (stub): 'Interest expense'
    (3..4)   [1..1] ( num): '(15,296)'
    (7..8)   [2..2] ( num): '(36)'
  (15..16)   [3..3] ( num): '(15,332)'

Row 19
    [0..0)   [0..0] (stub): 'Intercompany interest'
    (3..3]   [1..1] ( num): '1,704'
      Attributes: num=>1 [1..1]  num=>704 [1..1]  
    (7..8)   [2..2] ( num): '(1,704)'

Row 20
    [0..0)   [0..0] (stub): 'Other expense, net'
    (3..4)   [1..1] ( num): '(685)'
    (7..8)   [2..2] ( num): '(2,120)'
  (15..16)   [3..3] ( num): '(2,805)'

Row 21

Row 22
    [0..0)   [0..0] (stub): 'Total other income and (expense)'
    (3..4)   [1..1] ( num): '(14,277)'
    (7..8)   [2..2] ( num): '(3,860)'
  (15..16)   [3..3] ( num): '(18,137)'

Row 23

Row 24
    [0..0)   [0..0] (stub): 'Earnings (loss) before income taxes'
    (3..4)   [1..1] ( num): '(19,968)'
    (7..7]   [2..2] ( num): '36,680'
      Attributes: num=>36 [2..2]  num=>680 [2..2]  
  (15..15]   [3..3] ( num): '16,712'
      Attributes: num=>16 [3..3]  num=>712 [3..3]  

Row 25

Row 26
    [0..0)   [0..0] (stub): 'Income tax benefit (expense)'
    (3..3]   [1..1] ( num): '8,336'
      Attributes: num=>8 [1..1]  num=>336 [1..1]  
    (7..8)   [2..2] ( num): '(14,753)'
  (15..16)   [3..3] ( num): '(6,417)'

Row 27
    [0..0)   [0..0] (stub): 'Equity in earnings (loss) of subsidiaries'
    (3..3]   [1..1] ( num): '21,927'
      Attributes: num=>21 [1..1]  num=>927 [1..1]  
  (11..12)   [2..3] ( num): '(21,927)'

Row 28

Row 29

Row 30
    [0..0)   [0..0] (stub): 'Net earnings (loss)'
    [2..3]   [1..1] ( num): '$10,295'
      Attributes: num=>295 [1..1]  
    [6..7]   [2..2] ( num): '$21,927'
      Attributes: num=>927 [2..2]  
  [10..12)   [2..3] ( num): '$(21,927)'
  [14..15]   [3..3] ( num): '$10,295'
      Attributes: num=>295 [3..3]  

Row 31



Prototype ranges:
2 rows: 4 31 
    [0..0)          (stub): ''
    [2..2)          (stub): ''
    [6..7]          ( num): ''
  [10..10)          (stub): ''
  [14..15]          ( num): ''
2 rows: 8 7 
    [0..0)          (stub): ''
    (7..7]          ( num): ''
  (15..15]          ( num): ''
10 rows: 26 24 22 20 19 18 15 12 10 9 
    [0..0)   [0..0] (stub): ''
    (3..4)   [1..1] ( num): ''
    (7..8)   [2..2] ( num): ''
  (15..16)   [3..3] ( num): ''
Row 27
    [0..0)          (stub): ''
    (3..3]          ( num): ''
  (11..12)          ( num): ''
Row 30
    [0..0)          (stub): ''
    [2..3]          ( num): ''
    [6..7]          ( num): ''
  [10..12)          ( num): ''
  [14..15]          ( num): ''

Best data column prototype:
10 rows: 26 24 22 20 19 18 15 12 10 9 
    [0..0)   [0..0] (stub): ''
    (3..4)   [1..1] ( num): ''
    (7..8)   [2..2] ( num): ''
  (15..16)   [3..3] ( num): ''

Table attributes: revenues,date,incomestatement

Table 5

Table column format standardization was unsuccessful.

Condensed Consolidating Statement of Operations
For the Six Months Ended June 30, 2010
(in thousands)(unaudited)
                                 
            Guarantor              
    Parent     Subsidiaries     Eliminations     Total  
 
                               
Net Operating Revenues
  $     $ 317,314     $     $ 317,314  
 
                               
Operating Costs and Expenses
                               
Station salaries, wages and employee benefits
          103,135             103,135  
Station programming and other operating costs
          92,646             92,646  
Corporate operating costs
    15,484       1,980             17,464  
Pension contribution reimbursement
    (8,272 )                 (8,272 )
Depreciation
    1,071       16,942             18,013  
 
                       
Total operating costs and expenses
    8,283       214,703             222,986  
 
                       
 
                               
Earnings (loss) from operations
    (8,283 )     102,611             94,328  
 
                               
Other Income and (Expense)
                               
Interest expense
    (39,640 )     (63 )           (39,703 )
Intercompany interest
    3,406       (3,406 )            
Other income (expense), net
    (214 )     322             108  
 
                       
Total other income and (expense)
    (36,448 )     (3,147 )           (39,595 )
 
                               
Earnings (loss) before income taxes
    (44,731 )     99,464             54,733  
 
                               
Income tax benefit (expense)
    26,305       (47,971 )           (21,666 )
Equity in earnings (loss) of subsidiaries
    51,493             (51,493 )      
 
                       
 
                               
Net earnings (loss)
  $ 33,067     $ 51,493     $ (51,493 )   $ 33,067  
 
                       
Unable to find the column headers.

Table internal representation dump (debug use)

First numeric data row: 0
First row with column header attributes: 
Last row with column header attributes:  

Row 0

Row 1
    (6..7)   [2..2] (stub): 'Guarantor'

Row 2
    (2..3)   [1..1] (stub): 'Parent'
    (6..7)   [2..2] (stub): 'Subsidiaries'
  (10..11)   [2..3] (stub): 'Eliminations'
  (14..15)   [3..3] (stub): 'Total'

Row 3

Row 4
    [0..0)   [0..0] (stub): 'Net Operating Revenues'
    [2..2)   [0..1] (stub): '$'
    [6..7]   [2..2] ( num): '$317,314'
      Attributes: num=>314 [2..2]  
  [10..10)   [2..3] (stub): '$'
  [14..15]   [3..3] ( num): '$317,314'
      Attributes: num=>314 [3..3]  

Row 5

Row 6
    [0..0)   [0..0] (stub): 'Operating Costs and Expenses'

Row 7
    [0..0)   [0..0] (stub): 'Station salaries, wages and employee benefits'
    (7..7]   [2..2] ( num): '103,135'
      Attributes: num=>103 [2..2]  num=>135 [2..2]  
  (15..15]   [3..3] ( num): '103,135'
      Attributes: num=>103 [3..3]  num=>135 [3..3]  

Row 8
    [0..0)   [0..0] (stub): 'Station programming and other operating costs'
    (7..7]   [2..2] ( num): '92,646'
      Attributes: num=>92 [2..2]  num=>646 [2..2]  
  (15..15]   [3..3] ( num): '92,646'
      Attributes: num=>92 [3..3]  num=>646 [3..3]  

Row 9
    [0..0)   [0..0] (stub): 'Corporate operating costs'
    (3..3]   [1..1] ( num): '15,484'
      Attributes: num=>15 [1..1]  num=>484 [1..1]  
    (7..7]   [2..2] ( num): '1,980'
      Attributes: num=>1 [2..2]  num=>980 [2..2]  
  (15..15]   [3..3] ( num): '17,464'
      Attributes: num=>17 [3..3]  num=>464 [3..3]  

Row 10
    [0..0)   [0..0] (stub): 'Pension contribution reimbursement'
    (3..4)   [1..1] ( num): '(8,272)'
  (15..16)   [3..3] ( num): '(8,272)'

Row 11
    [0..0)   [0..0] (stub): 'Depreciation'
    (3..3]   [1..1] ( num): '1,071'
      Attributes: num=>1 [1..1]  num=>071 [1..1]  
    (7..7]   [2..2] ( num): '16,942'
      Attributes: num=>16 [2..2]  num=>942 [2..2]  
  (15..15]   [3..3] ( num): '18,013'
      Attributes: num=>18 [3..3]  num=>013 [3..3]  

Row 12

Row 13
    [0..0)   [0..0] (stub): 'Total operating costs and expenses'
    (3..3]   [1..1] ( num): '8,283'
      Attributes: num=>8 [1..1]  num=>283 [1..1]  
    (7..7]   [2..2] ( num): '214,703'
      Attributes: num=>214 [2..2]  num=>703 [2..2]  
  (15..15]   [3..3] ( num): '222,986'
      Attributes: num=>222 [3..3]  num=>986 [3..3]  

Row 14

Row 15

Row 16
    [0..0)   [0..0] (stub): 'Earnings (loss) from operations'
    (3..4)   [1..1] ( num): '(8,283)'
    (7..7]   [2..2] ( num): '102,611'
      Attributes: num=>102 [2..2]  num=>611 [2..2]  
  (15..15]   [3..3] ( num): '94,328'
      Attributes: num=>94 [3..3]  num=>328 [3..3]  

Row 17

Row 18
    [0..0)   [0..0] (stub): 'Other Income and (Expense)'

Row 19
    [0..0)   [0..0] (stub): 'Interest expense'
    (3..4)   [1..1] ( num): '(39,640)'
    (7..8)   [2..2] ( num): '(63)'
  (15..16)   [3..3] ( num): '(39,703)'

Row 20
    [0..0)   [0..0] (stub): 'Intercompany interest'
    (3..3]   [1..1] ( num): '3,406'
      Attributes: num=>3 [1..1]  num=>406 [1..1]  
    (7..8)   [2..2] ( num): '(3,406)'

Row 21
    [0..0)   [0..0] (stub): 'Other income (expense), net'
    (3..4)   [1..1] ( num): '(214)'
    (7..7]   [2..2] ( num): '322'
      Attributes: num=>322 [2..2]  
  (15..15]   [3..3] ( num): '108'
      Attributes: num=>108 [3..3]  

Row 22

Row 23
    [0..0)   [0..0] (stub): 'Total other income and (expense)'
    (3..4)   [1..1] ( num): '(36,448)'
    (7..8)   [2..2] ( num): '(3,147)'
  (15..16)   [3..3] ( num): '(39,595)'

Row 24

Row 25
    [0..0)   [0..0] (stub): 'Earnings (loss) before income taxes'
    (3..4)   [1..1] ( num): '(44,731)'
    (7..7]   [2..2] ( num): '99,464'
      Attributes: num=>99 [2..2]  num=>464 [2..2]  
  (15..15]   [3..3] ( num): '54,733'
      Attributes: num=>54 [3..3]  num=>733 [3..3]  

Row 26

Row 27
    [0..0)   [0..0] (stub): 'Income tax benefit (expense)'
    (3..3]   [1..1] ( num): '26,305'
      Attributes: num=>26 [1..1]  num=>305 [1..1]  
    (7..8)   [2..2] ( num): '(47,971)'
  (15..16)   [3..3] ( num): '(21,666)'

Row 28
    [0..0)   [0..0] (stub): 'Equity in earnings (loss) of subsidiaries'
    (3..3]   [1..1] ( num): '51,493'
      Attributes: num=>51 [1..1]  num=>493 [1..1]  
  (11..12)   [2..3] ( num): '(51,493)'

Row 29

Row 30

Row 31
    [0..0)   [0..0] (stub): 'Net earnings (loss)'
    [2..3]   [1..1] ( num): '$33,067'
      Attributes: num=>067 [1..1]  
    [6..7]   [2..2] ( num): '$51,493'
      Attributes: num=>493 [2..2]  
  [10..12)   [2..3] ( num): '$(51,493)'
  [14..15]   [3..3] ( num): '$33,067'
      Attributes: num=>067 [3..3]  

Row 32



Prototype ranges:
2 rows: 4 32 
    [0..0)          (stub): ''
    [2..2)          (stub): ''
    [6..7]          ( num): ''
  [10..10)          (stub): ''
  [14..15]          ( num): ''
2 rows: 8 7 
    [0..0)          (stub): ''
    (7..7]          ( num): ''
  (15..15]          ( num): ''
10 rows: 9 27 25 23 21 20 19 16 13 11 
    [0..0)   [0..0] (stub): ''
    (3..4)   [1..1] ( num): ''
    (7..8)   [2..2] ( num): ''
  (15..16)   [3..3] ( num): ''
Row 10
    [0..0)          (stub): ''
    (3..4)          ( num): ''
  (15..16)          ( num): ''
Row 28
    [0..0)          (stub): ''
    (3..3]          ( num): ''
  (11..12)          ( num): ''
Row 31
    [0..0)          (stub): ''
    [2..3]          ( num): ''
    [6..7]          ( num): ''
  [10..12)          ( num): ''
  [14..15]          ( num): ''

Best data column prototype:
10 rows: 9 27 25 23 21 20 19 16 13 11 
    [0..0)   [0..0] (stub): ''
    (3..4)   [1..1] ( num): ''
    (7..8)   [2..2] ( num): ''
  (15..16)   [3..3] ( num): ''

Table attributes: revenues,date,incomestatement

Table 6

Table column format standardization was unsuccessful.

Condensed Consolidating Statement of Operations
For the Six Months Ended June 30, 2009
(in thousands)(unaudited)
                                 
            Guarantor              
    Parent     Subsidiaries     Eliminations     Total  
 
                               
Net Operating Revenues
  $     $ 278,306     $     $ 278,306  
 
                               
Operating Costs and Expenses
                               
Station salaries, wages and employee benefits
          98,209             98,209  
Station programming and other operating costs
          97,584             97,584  
Corporate operating costs
    13,158       990             14,148  
Depreciation
    2,126       18,633             20,759  
 
                       
Total operating costs and expenses
    15,284       215,416             230,700  
 
                       
 
                               
Earnings (loss) from operations
    (15,284 )     62,890             47,606  
 
                               
Other Income and (Expense)
                               
Interest expense
    (29,836 )     (76 )           (29,912 )
Intercompany interest
    3,407       (3,407 )            
Other income (expense), net
    13,957       (393 )           13,564  
 
                       
Total other income and (expense)
    (12,472 )     (3,876 )           (16,348 )
 
                               
Earnings (loss) before income taxes
    (27,756 )     59,014             31,258  
 
                               
Income tax benefit (expense)
    12,014       (24,066 )           (12,052 )
Equity in earnings (loss) of subsidiaries
    34,948             (34,948 )      
 
                       
 
                               
Net earnings (loss)
  $ 19,206     $ 34,948     $ (34,948 )   $ 19,206  
 
                       
Unable to find the column headers.

Table internal representation dump (debug use)

First numeric data row: 0
First row with column header attributes: 
Last row with column header attributes:  

Row 0

Row 1
    (6..7)   [2..2] (stub): 'Guarantor'

Row 2
    (2..3)   [1..1] (stub): 'Parent'
    (6..7)   [2..2] (stub): 'Subsidiaries'
  (10..11)   [2..3] (stub): 'Eliminations'
  (14..15)   [3..3] (stub): 'Total'

Row 3

Row 4
    [0..0)   [0..0] (stub): 'Net Operating Revenues'
    [2..2)   [0..1] (stub): '$'
    [6..7]   [2..2] ( num): '$278,306'
      Attributes: num=>306 [2..2]  
  [10..10)   [2..3] (stub): '$'
  [14..15]   [3..3] ( num): '$278,306'
      Attributes: num=>306 [3..3]  

Row 5

Row 6
    [0..0)   [0..0] (stub): 'Operating Costs and Expenses'

Row 7
    [0..0)   [0..0] (stub): 'Station salaries, wages and employee benefits'
    (7..7]   [2..2] ( num): '98,209'
      Attributes: num=>98 [2..2]  num=>209 [2..2]  
  (15..15]   [3..3] ( num): '98,209'
      Attributes: num=>98 [3..3]  num=>209 [3..3]  

Row 8
    [0..0)   [0..0] (stub): 'Station programming and other operating costs'
    (7..7]   [2..2] ( num): '97,584'
      Attributes: num=>97 [2..2]  num=>584 [2..2]  
  (15..15]   [3..3] ( num): '97,584'
      Attributes: num=>97 [3..3]  num=>584 [3..3]  

Row 9
    [0..0)   [0..0] (stub): 'Corporate operating costs'
    (3..3]   [1..1] ( num): '13,158'
      Attributes: num=>13 [1..1]  num=>158 [1..1]  
    (7..7]   [2..2] ( num): '990'
      Attributes: num=>990 [2..2]  
  (15..15]   [3..3] ( num): '14,148'
      Attributes: num=>14 [3..3]  num=>148 [3..3]  

Row 10
    [0..0)   [0..0] (stub): 'Depreciation'
    (3..3]   [1..1] ( num): '2,126'
      Attributes: num=>2 [1..1]  num=>126 [1..1]  
    (7..7]   [2..2] ( num): '18,633'
      Attributes: num=>18 [2..2]  num=>633 [2..2]  
  (15..15]   [3..3] ( num): '20,759'
      Attributes: num=>20 [3..3]  num=>759 [3..3]  

Row 11

Row 12
    [0..0)   [0..0] (stub): 'Total operating costs and expenses'
    (3..3]   [1..1] ( num): '15,284'
      Attributes: num=>15 [1..1]  num=>284 [1..1]  
    (7..7]   [2..2] ( num): '215,416'
      Attributes: num=>215 [2..2]  num=>416 [2..2]  
  (15..15]   [3..3] ( num): '230,700'
      Attributes: num=>230 [3..3]  num=>700 [3..3]  

Row 13

Row 14

Row 15
    [0..0)   [0..0] (stub): 'Earnings (loss) from operations'
    (3..4)   [1..1] ( num): '(15,284)'
    (7..7]   [2..2] ( num): '62,890'
      Attributes: num=>62 [2..2]  num=>890 [2..2]  
  (15..15]   [3..3] ( num): '47,606'
      Attributes: num=>47 [3..3]  num=>606 [3..3]  

Row 16

Row 17
    [0..0)   [0..0] (stub): 'Other Income and (Expense)'

Row 18
    [0..0)   [0..0] (stub): 'Interest expense'
    (3..4)   [1..1] ( num): '(29,836)'
    (7..8)   [2..2] ( num): '(76)'
  (15..16)   [3..3] ( num): '(29,912)'

Row 19
    [0..0)   [0..0] (stub): 'Intercompany interest'
    (3..3]   [1..1] ( num): '3,407'
      Attributes: num=>3 [1..1]  num=>407 [1..1]  
    (7..8)   [2..2] ( num): '(3,407)'

Row 20
    [0..0)   [0..0] (stub): 'Other income (expense), net'
    (3..3]   [1..1] ( num): '13,957'
      Attributes: num=>13 [1..1]  num=>957 [1..1]  
    (7..8)   [2..2] ( num): '(393)'
  (15..15]   [3..3] ( num): '13,564'
      Attributes: num=>13 [3..3]  num=>564 [3..3]  

Row 21

Row 22
    [0..0)   [0..0] (stub): 'Total other income and (expense)'
    (3..4)   [1..1] ( num): '(12,472)'
    (7..8)   [2..2] ( num): '(3,876)'
  (15..16)   [3..3] ( num): '(16,348)'

Row 23

Row 24
    [0..0)   [0..0] (stub): 'Earnings (loss) before income taxes'
    (3..4)   [1..1] ( num): '(27,756)'
    (7..7]   [2..2] ( num): '59,014'
      Attributes: num=>59 [2..2]  num=>014 [2..2]  
  (15..15]   [3..3] ( num): '31,258'
      Attributes: num=>31 [3..3]  num=>258 [3..3]  

Row 25

Row 26
    [0..0)   [0..0] (stub): 'Income tax benefit (expense)'
    (3..3]   [1..1] ( num): '12,014'
      Attributes: num=>12 [1..1]  num=>014 [1..1]  
    (7..8)   [2..2] ( num): '(24,066)'
  (15..16)   [3..3] ( num): '(12,052)'

Row 27
    [0..0)   [0..0] (stub): 'Equity in earnings (loss) of subsidiaries'
    (3..3]   [1..1] ( num): '34,948'
      Attributes: num=>34 [1..1]  num=>948 [1..1]  
  (11..12)   [2..3] ( num): '(34,948)'

Row 28

Row 29

Row 30
    [0..0)   [0..0] (stub): 'Net earnings (loss)'
    [2..3]   [1..1] ( num): '$19,206'
      Attributes: num=>206 [1..1]  
    [6..7]   [2..2] ( num): '$34,948'
      Attributes: num=>948 [2..2]  
  [10..12)   [2..3] ( num): '$(34,948)'
  [14..15]   [3..3] ( num): '$19,206'
      Attributes: num=>206 [3..3]  

Row 31



Prototype ranges:
2 rows: 4 31 
    [0..0)          (stub): ''
    [2..2)          (stub): ''
    [6..7]          ( num): ''
  [10..10)          (stub): ''
  [14..15]          ( num): ''
2 rows: 8 7 
    [0..0)          (stub): ''
    (7..7]          ( num): ''
  (15..15]          ( num): ''
10 rows: 26 24 22 20 19 18 15 12 10 9 
    [0..0)   [0..0] (stub): ''
    (3..4)   [1..1] ( num): ''
    (7..8)   [2..2] ( num): ''
  (15..16)   [3..3] ( num): ''
Row 27
    [0..0)          (stub): ''
    (3..3]          ( num): ''
  (11..12)          ( num): ''
Row 30
    [0..0)          (stub): ''
    [2..3]          ( num): ''
    [6..7]          ( num): ''
  [10..12)          ( num): ''
  [14..15]          ( num): ''

Best data column prototype:
10 rows: 26 24 22 20 19 18 15 12 10 9 
    [0..0)   [0..0] (stub): ''
    (3..4)   [1..1] ( num): ''
    (7..8)   [2..2] ( num): ''
  (15..16)   [3..3] ( num): ''

Table attributes: revenues,date,incomestatement

Table 7

Table column format standardization was unsuccessful.

Condensed Consolidating Balance Sheet
As of June 30, 2010
(in thousands)(unaudited)
                                 
            Guarantor              
    Parent     Subsidiaries     Eliminations     Total  
Assets
                               
 
                               
Current assets:
                               
Cash and temporary cash investments
  $ 5,347     $ 1,536     $     $ 6,883  
Accounts receivable, net
    154       136,132             136,286  
Other current assets
    8,949       19,027             27,976  
 
                       
Total current assets
    14,450       156,695             171,145  
 
                               
Property, plant and equipment, net
    3,953       168,856             172,809  
Intangible assets, net
          725,399             725,399  
Goodwill, net
          423,873             423,873  
Deferred income taxes
    72,598             (72,598 )      
Intercompany receivable
    294,214             (294,214 )      
Investment in subsidiaries
    900,755             (900,755 )      
Other assets
    45,427       27,706             73,133  
 
                       
 
                               
Total assets
  $ 1,331,397     $ 1,502,529     $ (1,267,567 )   $ 1,566,359  
 
                       
 
                               
Liabilities and Shareholders Equity
                               
 
                               
Current liabilities:
                               
Accounts payable
  $ 7,874     $ 9,290     $     $ 17,164  
Accrued expenses
    16,355       28,303             44,658  
Short-term pension obligation
    16,363                   16,363  
Income taxes payable
    4,044                   4,044  
Deferred revenue
          3,639             3,639  
Accrued interest payable
    10,627                   10,627  
 
                       
Total current liabilities
    55,263       41,232             96,495  
 
                               
Long-term debt
    989,669                   989,669  
Deferred income taxes
          256,099       (72,598 )     183,501  
Pension obligation
    168,826                   168,826  
Intercompany payable
          294,214       (294,214 )      
Other liabilities
    10,158       10,229             20,387  
 
                               
Total shareholders equity
    107,481       900,755       (900,755 )     107,481  
 
                       
 
                               
Total liabilities and shareholders equity
  $ 1,331,397     $ 1,502,529     $ (1,267,567 )   $ 1,566,359  
 
                       
Unable to find the column headers.

Table internal representation dump (debug use)

First numeric data row: 0
First row with column header attributes: 
Last row with column header attributes:  

Row 0

Row 1
    (6..7)   [2..2] (stub): 'Guarantor'

Row 2
    (2..3)   [1..1] (stub): 'Parent'
    (6..7)   [2..2] (stub): 'Subsidiaries'
  (10..11)   [2..3] (stub): 'Eliminations'
  (14..15)   [3..3] (stub): 'Total'

Row 3
    [0..0)   [0..0] (stub): 'Assets'

Row 4

Row 5
    [0..0)   [0..0] (stub): 'Current assets:'

Row 6
    [0..0)   [0..0] (stub): 'Cash and temporary cash investments'
    [2..3]   [1..1] ( num): '$5,347'
      Attributes: num=>347 [1..1]  
    [6..7]   [2..2] ( num): '$1,536'
      Attributes: num=>536 [2..2]  
  [10..10)   [2..3] (stub): '$'
  [14..15]   [3..3] ( num): '$6,883'
      Attributes: num=>883 [3..3]  

Row 7
    [0..0)   [0..0] (stub): 'Accounts receivable, net'
    (3..3]   [1..1] ( num): '154'
      Attributes: num=>154 [1..1]  
    (7..7]   [2..2] ( num): '136,132'
      Attributes: num=>136 [2..2]  num=>132 [2..2]  
  (15..15]   [3..3] ( num): '136,286'
      Attributes: num=>136 [3..3]  num=>286 [3..3]  

Row 8
    [0..0)   [0..0] (stub): 'Other current assets'
    (3..3]   [1..1] ( num): '8,949'
      Attributes: num=>8 [1..1]  num=>949 [1..1]  
    (7..7]   [2..2] ( num): '19,027'
      Attributes: num=>19 [2..2]  num=>027 [2..2]  
  (15..15]   [3..3] ( num): '27,976'
      Attributes: num=>27 [3..3]  num=>976 [3..3]  

Row 9

Row 10
    [0..0)   [0..0] (stub): 'Total current assets'
    (3..3]   [1..1] ( num): '14,450'
      Attributes: num=>14 [1..1]  num=>450 [1..1]  
    (7..7]   [2..2] ( num): '156,695'
      Attributes: num=>156 [2..2]  num=>695 [2..2]  
  (15..15]   [3..3] ( num): '171,145'
      Attributes: num=>171 [3..3]  num=>145 [3..3]  

Row 11

Row 12
    [0..0)   [0..0] (stub): 'Property, plant and equipment, net'
    (3..3]   [1..1] ( num): '3,953'
      Attributes: num=>3 [1..1]  num=>953 [1..1]  
    (7..7]   [2..2] ( num): '168,856'
      Attributes: num=>168 [2..2]  num=>856 [2..2]  
  (15..15]   [3..3] ( num): '172,809'
      Attributes: num=>172 [3..3]  num=>809 [3..3]  

Row 13
    [0..0)   [0..0] (stub): 'Intangible assets, net'
    (7..7]   [2..2] ( num): '725,399'
      Attributes: num=>725 [2..2]  num=>399 [2..2]  
  (15..15]   [3..3] ( num): '725,399'
      Attributes: num=>725 [3..3]  num=>399 [3..3]  

Row 14
    [0..0)   [0..0] (stub): 'Goodwill, net'
    (7..7]   [2..2] ( num): '423,873'
      Attributes: num=>423 [2..2]  num=>873 [2..2]  
  (15..15]   [3..3] ( num): '423,873'
      Attributes: num=>423 [3..3]  num=>873 [3..3]  

Row 15
    [0..0)   [0..0] (stub): 'Deferred income taxes'
    (3..3]   [1..1] ( num): '72,598'
      Attributes: num=>72 [1..1]  num=>598 [1..1]  
  (11..12)   [2..3] ( num): '(72,598)'

Row 16
    [0..0)   [0..0] (stub): 'Intercompany receivable'
    (3..3]   [1..1] ( num): '294,214'
      Attributes: num=>294 [1..1]  num=>214 [1..1]  
  (11..12)   [2..3] ( num): '(294,214)'

Row 17
    [0..0)   [0..0] (stub): 'Investment in subsidiaries'
    (3..3]   [1..1] ( num): '900,755'
      Attributes: num=>900 [1..1]  num=>755 [1..1]  
  (11..12)   [2..3] ( num): '(900,755)'

Row 18
    [0..0)   [0..0] (stub): 'Other assets'
    (3..3]   [1..1] ( num): '45,427'
      Attributes: num=>45 [1..1]  num=>427 [1..1]  
    (7..7]   [2..2] ( num): '27,706'
      Attributes: num=>27 [2..2]  num=>706 [2..2]  
  (15..15]   [3..3] ( num): '73,133'
      Attributes: num=>73 [3..3]  num=>133 [3..3]  

Row 19

Row 20

Row 21
    [0..0)   [0..0] (stub): 'Total assets'
    [2..3]   [1..1] ( num): '$1,331,397'
      Attributes: num=>331 [1..1]  num=>397 [1..1]  
    [6..7]   [2..2] ( num): '$1,502,529'
      Attributes: num=>502 [2..2]  num=>529 [2..2]  
  [10..12)   [2..3] ( num): '$(1,267,567)'
      Attributes: num=>267 [2..3]  
  [14..15]   [3..3] ( num): '$1,566,359'
      Attributes: num=>566 [3..3]  num=>359 [3..3]  

Row 22

Row 23

Row 24
    [0..0)   [0..0] (stub): 'Liabilities and Shareholders Equity'

Row 25

Row 26
    [0..0)   [0..0] (stub): 'Current liabilities:'

Row 27
    [0..0)   [0..0] (stub): 'Accounts payable'
    [2..3]   [1..1] ( num): '$7,874'
      Attributes: num=>874 [1..1]  
    [6..7]   [2..2] ( num): '$9,290'
      Attributes: num=>290 [2..2]  
  [10..10)   [2..3] (stub): '$'
  [14..15]   [3..3] ( num): '$17,164'
      Attributes: num=>164 [3..3]  

Row 28
    [0..0)   [0..0] (stub): 'Accrued expenses'
    (3..3]   [1..1] ( num): '16,355'
      Attributes: num=>16 [1..1]  num=>355 [1..1]  
    (7..7]   [2..2] ( num): '28,303'
      Attributes: num=>28 [2..2]  num=>303 [2..2]  
  (15..15]   [3..3] ( num): '44,658'
      Attributes: num=>44 [3..3]  num=>658 [3..3]  

Row 29
    [0..0)   [0..0] (stub): 'Short-term pension obligation'
    (3..3]   [1..1] ( num): '16,363'
      Attributes: num=>16 [1..1]  num=>363 [1..1]  
  (15..15]   [3..3] ( num): '16,363'
      Attributes: num=>16 [3..3]  num=>363 [3..3]  

Row 30
    [0..0)   [0..0] (stub): 'Income taxes payable'
    (3..3]   [1..1] ( num): '4,044'
      Attributes: num=>4 [1..1]  num=>044 [1..1]  
  (15..15]   [3..3] ( num): '4,044'
      Attributes: num=>4 [3..3]  num=>044 [3..3]  

Row 31
    [0..0)   [0..0] (stub): 'Deferred revenue'
    (7..7]   [2..2] ( num): '3,639'
      Attributes: num=>3 [2..2]  num=>639 [2..2]  
  (15..15]   [3..3] ( num): '3,639'
      Attributes: num=>3 [3..3]  num=>639 [3..3]  

Row 32
    [0..0)   [0..0] (stub): 'Accrued interest payable'
    (3..3]   [1..1] ( num): '10,627'
      Attributes: num=>10 [1..1]  num=>627 [1..1]  
  (15..15]   [3..3] ( num): '10,627'
      Attributes: num=>10 [3..3]  num=>627 [3..3]  

Row 33

Row 34
    [0..0)   [0..0] (stub): 'Total current liabilities'
    (3..3]   [1..1] ( num): '55,263'
      Attributes: num=>55 [1..1]  num=>263 [1..1]  
    (7..7]   [2..2] ( num): '41,232'
      Attributes: num=>41 [2..2]  num=>232 [2..2]  
  (15..15]   [3..3] ( num): '96,495'
      Attributes: num=>96 [3..3]  num=>495 [3..3]  

Row 35

Row 36
    [0..0)   [0..0] (stub): 'Long-term debt'
    (3..3]   [1..1] ( num): '989,669'
      Attributes: num=>989 [1..1]  num=>669 [1..1]  
  (15..15]   [3..3] ( num): '989,669'
      Attributes: num=>989 [3..3]  num=>669 [3..3]  

Row 37
    [0..0)   [0..0] (stub): 'Deferred income taxes'
    (7..7]   [2..2] ( num): '256,099'
      Attributes: num=>256 [2..2]  num=>099 [2..2]  
  (11..12)   [2..3] ( num): '(72,598)'
  (15..15]   [3..3] ( num): '183,501'
      Attributes: num=>183 [3..3]  num=>501 [3..3]  

Row 38
    [0..0)   [0..0] (stub): 'Pension obligation'
    (3..3]   [1..1] ( num): '168,826'
      Attributes: num=>168 [1..1]  num=>826 [1..1]  
  (15..15]   [3..3] ( num): '168,826'
      Attributes: num=>168 [3..3]  num=>826 [3..3]  

Row 39
    [0..0)   [0..0] (stub): 'Intercompany payable'
    (7..7]   [2..2] ( num): '294,214'
      Attributes: num=>294 [2..2]  num=>214 [2..2]  
  (11..12)   [2..3] ( num): '(294,214)'

Row 40
    [0..0)   [0..0] (stub): 'Other liabilities'
    (3..3]   [1..1] ( num): '10,158'
      Attributes: num=>10 [1..1]  num=>158 [1..1]  
    (7..7]   [2..2] ( num): '10,229'
      Attributes: num=>10 [2..2]  num=>229 [2..2]  
  (15..15]   [3..3] ( num): '20,387'
      Attributes: num=>20 [3..3]  num=>387 [3..3]  

Row 41

Row 42
    [0..0)   [0..0] (stub): 'Total shareholders equity'
    (3..3]   [1..1] ( num): '107,481'
      Attributes: num=>107 [1..1]  num=>481 [1..1]  
    (7..7]   [2..2] ( num): '900,755'
      Attributes: num=>900 [2..2]  num=>755 [2..2]  
  (11..12)   [2..3] ( num): '(900,755)'
  (15..15]   [3..3] ( num): '107,481'
      Attributes: num=>107 [3..3]  num=>481 [3..3]  

Row 43

Row 44

Row 45
    [0..0)   [0..0] (stub): 'Total liabilities and shareholders equity'
    [2..3]   [1..1] ( num): '$1,331,397'
      Attributes: num=>331 [1..1]  num=>397 [1..1]  
    [6..7]   [2..2] ( num): '$1,502,529'
      Attributes: num=>502 [2..2]  num=>529 [2..2]  
  [10..12)   [2..3] ( num): '$(1,267,567)'
      Attributes: num=>267 [2..3]  
  [14..15]   [3..3] ( num): '$1,566,359'
      Attributes: num=>566 [3..3]  num=>359 [3..3]  

Row 46



Prototype ranges:
2 rows: 6 27 
    [0..0)          (stub): ''
    [2..3]          ( num): ''
    [6..7]          ( num): ''
  [10..10)          (stub): ''
  [14..15]          ( num): ''
7 rows: 12 10 8 7 18 28 34 
    [0..0)   [0..0] (stub): ''
    (3..3]   [1..1] ( num): ''
    (7..7]   [2..2] ( num): ''
  (15..15]   [3..3] ( num): ''
3 rows: 14 13 31 
    [0..0)          (stub): ''
    (7..7]          ( num): ''
  (15..15]          ( num): ''
3 rows: 17 16 15 
    [0..0)          (stub): ''
    (3..3]          ( num): ''
  (11..12)          ( num): ''
Row 21
    [0..0)          (stub): ''
    [2..3]          ( num): ''
    [6..7]          ( num): ''
  [10..12)          ( num): ''
  [14..15]          ( num): ''
6 rows: 30 29 32 36 38 46 
    [0..0)          (stub): ''
    (3..3]          ( num): ''
  (15..15]          ( num): ''
2 rows: 37 39 
    [0..0)          (stub): ''
    (7..7]          ( num): ''
  (11..12)          ( num): ''
  (15..15]          ( num): ''
Row 40
    [0..0)          (stub): ''
    (3..3]          ( num): ''
    (7..7]          ( num): ''
  (15..15]          ( num): ''
2 rows: 45 42 
    [0..0)          (stub): ''
    [2..3]          ( num): ''
    [6..7]          ( num): ''
  [10..12)          ( num): ''
  [14..15]          ( num): ''

Best data column prototype:
7 rows: 12 10 8 7 18 28 34 
    [0..0)   [0..0] (stub): ''
    (3..3]   [1..1] ( num): ''
    (7..7]   [2..2] ( num): ''
  (15..15]   [3..3] ( num): ''

Table attributes: assets,balancesheet,date,liabilities,cash

Table 8

Table column format standardization was unsuccessful.

Condensed Consolidating Balance Sheet
As of December 31, 2009
(in thousands)
                                 
            Guarantor              
    Parent     Subsidiaries     Eliminations     Total  
Assets
                               
 
                               
Current assets:
                               
Cash and temporary cash investments
  $ 3,646     $ 1,154     $     $ 4,800  
Accounts receivable, net
    361       139,550             139,911  
Other current assets
    11,193       20,220             31,413  
 
                       
Total current assets
    15,200       160,924             176,124  
 
                               
Property, plant and equipment, net
    4,655       172,820             177,475  
Intangible assets, net
          725,399             725,399  
Goodwill, net
          423,873             423,873  
Deferred income taxes
    77,210             (77,210 )      
Intercompany receivable
    431,275             (431,275 )      
Investment in subsidiaries
    782,606             (782,606 )      
Other assets
    51,594       29,996             81,590  
 
                       
 
                               
Total assets
  $ 1,362,540     $ 1,513,012     $ (1,291,091 )   $ 1,584,461  
 
                       
 
                               
Liabilities and Shareholders Equity
                               
 
                               
Current liabilities:
                               
Accounts payable
  $ 10,882     $ 9,854     $     $ 20,736  
Accrued expenses
    17,181       24,741             41,922  
Short-term pension obligation
    14,277                   14,277  
Income taxes payable
    12,052                   12,052  
Deferred revenue
          4,228             4,228  
Accrued interest payable
    10,682                   10,682  
 
                       
Total current liabilities
    65,074       38,823             103,897  
 
                               
Long-term debt
    1,028,219                   1,028,219  
Deferred income taxes
          247,098       (77,210 )     169,888  
Pension obligation
    182,065                   182,065  
Intercompany payable
          431,275       (431,275 )      
Other liabilities
    15,351       13,210             28,561  
 
                               
Total shareholders equity
    71,831       782,606       (782,606 )     71,831  
 
                       
 
                               
Total liabilities and shareholders equity
  $ 1,362,540     $ 1,513,012       (1,291,091 )   $ 1,584,461  
 
                       
Unable to find the column headers.

Table internal representation dump (debug use)

First numeric data row: 0
First row with column header attributes: 
Last row with column header attributes:  

Row 0

Row 1
    (6..7)   [2..2] (stub): 'Guarantor'

Row 2
    (2..3)   [1..1] (stub): 'Parent'
    (6..7)   [2..2] (stub): 'Subsidiaries'
  (10..11)   [2..3] (stub): 'Eliminations'
  (14..15)   [3..3] (stub): 'Total'

Row 3
    [0..0)   [0..0] (stub): 'Assets'

Row 4

Row 5
    [0..0)   [0..0] (stub): 'Current assets:'

Row 6
    [0..0)   [0..0] (stub): 'Cash and temporary cash investments'
    [2..3]   [1..1] ( num): '$3,646'
      Attributes: num=>646 [1..1]  
    [6..7]   [2..2] ( num): '$1,154'
      Attributes: num=>154 [2..2]  
  [10..10)   [2..3] (stub): '$'
  [14..15]   [3..3] ( num): '$4,800'
      Attributes: num=>800 [3..3]  

Row 7
    [0..0)   [0..0] (stub): 'Accounts receivable, net'
    (3..3]   [1..1] ( num): '361'
      Attributes: num=>361 [1..1]  
    (7..7]   [2..2] ( num): '139,550'
      Attributes: num=>139 [2..2]  num=>550 [2..2]  
  (15..15]   [3..3] ( num): '139,911'
      Attributes: num=>139 [3..3]  num=>911 [3..3]  

Row 8
    [0..0)   [0..0] (stub): 'Other current assets'
    (3..3]   [1..1] ( num): '11,193'
      Attributes: num=>11 [1..1]  num=>193 [1..1]  
    (7..7]   [2..2] ( num): '20,220'
      Attributes: num=>20 [2..2]  num=>220 [2..2]  
  (15..15]   [3..3] ( num): '31,413'
      Attributes: num=>31 [3..3]  num=>413 [3..3]  

Row 9

Row 10
    [0..0)   [0..0] (stub): 'Total current assets'
    (3..3]   [1..1] ( num): '15,200'
      Attributes: num=>15 [1..1]  num=>200 [1..1]  
    (7..7]   [2..2] ( num): '160,924'
      Attributes: num=>160 [2..2]  num=>924 [2..2]  
  (15..15]   [3..3] ( num): '176,124'
      Attributes: num=>176 [3..3]  num=>124 [3..3]  

Row 11

Row 12
    [0..0)   [0..0] (stub): 'Property, plant and equipment, net'
    (3..3]   [1..1] ( num): '4,655'
      Attributes: num=>4 [1..1]  num=>655 [1..1]  
    (7..7]   [2..2] ( num): '172,820'
      Attributes: num=>172 [2..2]  num=>820 [2..2]  
  (15..15]   [3..3] ( num): '177,475'
      Attributes: num=>177 [3..3]  num=>475 [3..3]  

Row 13
    [0..0)   [0..0] (stub): 'Intangible assets, net'
    (7..7]   [2..2] ( num): '725,399'
      Attributes: num=>725 [2..2]  num=>399 [2..2]  
  (15..15]   [3..3] ( num): '725,399'
      Attributes: num=>725 [3..3]  num=>399 [3..3]  

Row 14
    [0..0)   [0..0] (stub): 'Goodwill, net'
    (7..7]   [2..2] ( num): '423,873'
      Attributes: num=>423 [2..2]  num=>873 [2..2]  
  (15..15]   [3..3] ( num): '423,873'
      Attributes: num=>423 [3..3]  num=>873 [3..3]  

Row 15
    [0..0)   [0..0] (stub): 'Deferred income taxes'
    (3..3]   [1..1] ( num): '77,210'
      Attributes: num=>77 [1..1]  num=>210 [1..1]  
  (11..12)   [2..3] ( num): '(77,210)'

Row 16
    [0..0)   [0..0] (stub): 'Intercompany receivable'
    (3..3]   [1..1] ( num): '431,275'
      Attributes: num=>431 [1..1]  num=>275 [1..1]  
  (11..12)   [2..3] ( num): '(431,275)'

Row 17
    [0..0)   [0..0] (stub): 'Investment in subsidiaries'
    (3..3]   [1..1] ( num): '782,606'
      Attributes: num=>782 [1..1]  num=>606 [1..1]  
  (11..12)   [2..3] ( num): '(782,606)'

Row 18
    [0..0)   [0..0] (stub): 'Other assets'
    (3..3]   [1..1] ( num): '51,594'
      Attributes: num=>51 [1..1]  num=>594 [1..1]  
    (7..7]   [2..2] ( num): '29,996'
      Attributes: num=>29 [2..2]  num=>996 [2..2]  
  (15..15]   [3..3] ( num): '81,590'
      Attributes: num=>81 [3..3]  num=>590 [3..3]  

Row 19

Row 20

Row 21
    [0..0)   [0..0] (stub): 'Total assets'
    [2..3]   [1..1] ( num): '$1,362,540'
      Attributes: num=>362 [1..1]  num=>540 [1..1]  
    [6..7]   [2..2] ( num): '$1,513,012'
      Attributes: num=>513 [2..2]  num=>012 [2..2]  
  [10..12)   [2..3] ( num): '$(1,291,091)'
      Attributes: num=>291 [2..3]  
  [14..15]   [3..3] ( num): '$1,584,461'
      Attributes: num=>584 [3..3]  num=>461 [3..3]  

Row 22

Row 23

Row 24
    [0..0)   [0..0] (stub): 'Liabilities and Shareholders Equity'

Row 25

Row 26
    [0..0)   [0..0] (stub): 'Current liabilities:'

Row 27
    [0..0)   [0..0] (stub): 'Accounts payable'
    [2..3]   [1..1] ( num): '$10,882'
      Attributes: num=>882 [1..1]  
    [6..7]   [2..2] ( num): '$9,854'
      Attributes: num=>854 [2..2]  
  [10..10)   [2..3] (stub): '$'
  [14..15]   [3..3] ( num): '$20,736'
      Attributes: num=>736 [3..3]  

Row 28
    [0..0)   [0..0] (stub): 'Accrued expenses'
    (3..3]   [1..1] ( num): '17,181'
      Attributes: num=>17 [1..1]  num=>181 [1..1]  
    (7..7]   [2..2] ( num): '24,741'
      Attributes: num=>24 [2..2]  num=>741 [2..2]  
  (15..15]   [3..3] ( num): '41,922'
      Attributes: num=>41 [3..3]  num=>922 [3..3]  

Row 29
    [0..0)   [0..0] (stub): 'Short-term pension obligation'
    (3..3]   [1..1] ( num): '14,277'
      Attributes: num=>14 [1..1]  num=>277 [1..1]  
  (15..15]   [3..3] ( num): '14,277'
      Attributes: num=>14 [3..3]  num=>277 [3..3]  

Row 30
    [0..0)   [0..0] (stub): 'Income taxes payable'
    (3..3]   [1..1] ( num): '12,052'
      Attributes: num=>12 [1..1]  num=>052 [1..1]  
  (15..15]   [3..3] ( num): '12,052'
      Attributes: num=>12 [3..3]  num=>052 [3..3]  

Row 31
    [0..0)   [0..0] (stub): 'Deferred revenue'
    (7..7]   [2..2] ( num): '4,228'
      Attributes: num=>4 [2..2]  num=>228 [2..2]  
  (15..15]   [3..3] ( num): '4,228'
      Attributes: num=>4 [3..3]  num=>228 [3..3]  

Row 32
    [0..0)   [0..0] (stub): 'Accrued interest payable'
    (3..3]   [1..1] ( num): '10,682'
      Attributes: num=>10 [1..1]  num=>682 [1..1]  
  (15..15]   [3..3] ( num): '10,682'
      Attributes: num=>10 [3..3]  num=>682 [3..3]  

Row 33

Row 34
    [0..0)   [0..0] (stub): 'Total current liabilities'
    (3..3]   [1..1] ( num): '65,074'
      Attributes: num=>65 [1..1]  num=>074 [1..1]  
    (7..7]   [2..2] ( num): '38,823'
      Attributes: num=>38 [2..2]  num=>823 [2..2]  
  (15..15]   [3..3] ( num): '103,897'
      Attributes: num=>103 [3..3]  num=>897 [3..3]  

Row 35

Row 36
    [0..0)   [0..0] (stub): 'Long-term debt'
    (3..3]   [1..1] ( num): '1,028,219'
      Attributes: num=>1 [1..1]  num=>028 [1..1]  num=>219 [1..1]  
  (15..15]   [3..3] ( num): '1,028,219'
      Attributes: num=>1 [3..3]  num=>028 [3..3]  num=>219 [3..3]  

Row 37
    [0..0)   [0..0] (stub): 'Deferred income taxes'
    (7..7]   [2..2] ( num): '247,098'
      Attributes: num=>247 [2..2]  num=>098 [2..2]  
  (11..12)   [2..3] ( num): '(77,210)'
  (15..15]   [3..3] ( num): '169,888'
      Attributes: num=>169 [3..3]  num=>888 [3..3]  

Row 38
    [0..0)   [0..0] (stub): 'Pension obligation'
    (3..3]   [1..1] ( num): '182,065'
      Attributes: num=>182 [1..1]  num=>065 [1..1]  
  (15..15]   [3..3] ( num): '182,065'
      Attributes: num=>182 [3..3]  num=>065 [3..3]  

Row 39
    [0..0)   [0..0] (stub): 'Intercompany payable'
    (7..7]   [2..2] ( num): '431,275'
      Attributes: num=>431 [2..2]  num=>275 [2..2]  
  (11..12)   [2..3] ( num): '(431,275)'

Row 40
    [0..0)   [0..0] (stub): 'Other liabilities'
    (3..3]   [1..1] ( num): '15,351'
      Attributes: num=>15 [1..1]  num=>351 [1..1]  
    (7..7]   [2..2] ( num): '13,210'
      Attributes: num=>13 [2..2]  num=>210 [2..2]  
  (15..15]   [3..3] ( num): '28,561'
      Attributes: num=>28 [3..3]  num=>561 [3..3]  

Row 41

Row 42
    [0..0)   [0..0] (stub): 'Total shareholders equity'
    (3..3]   [1..1] ( num): '71,831'
      Attributes: num=>71 [1..1]  num=>831 [1..1]  
    (7..7]   [2..2] ( num): '782,606'
      Attributes: num=>782 [2..2]  num=>606 [2..2]  
  (11..12)   [2..3] ( num): '(782,606)'
  (15..15]   [3..3] ( num): '71,831'
      Attributes: num=>71 [3..3]  num=>831 [3..3]  

Row 43

Row 44

Row 45
    [0..0)   [0..0] (stub): 'Total liabilities and shareholders equity'
    [2..3]   [1..1] ( num): '$1,362,540'
      Attributes: num=>362 [1..1]  num=>540 [1..1]  
    [6..7]   [2..2] ( num): '$1,513,012'
      Attributes: num=>513 [2..2]  num=>012 [2..2]  
  (11..12)   [2..3] ( num): '(1,291,091)'
      Attributes: num=>291 [2..3]  
  [14..15]   [3..3] ( num): '$1,584,461'
      Attributes: num=>584 [3..3]  num=>461 [3..3]  

Row 46



Prototype ranges:
2 rows: 6 27 
    [0..0)          (stub): ''
    [2..3]          ( num): ''
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  [14..15]          ( num): ''
7 rows: 12 10 8 7 18 28 34 
    [0..0)   [0..0] (stub): ''
    (3..3]   [1..1] ( num): ''
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3 rows: 14 13 31 
    [0..0)          (stub): ''
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  (15..15]          ( num): ''
3 rows: 17 16 15 
    [0..0)          (stub): ''
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  (11..12)          ( num): ''
Row 21
    [0..0)          (stub): ''
    [2..3]          ( num): ''
    [6..7]          ( num): ''
  [10..12)          ( num): ''
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6 rows: 30 29 32 36 38 46 
    [0..0)          (stub): ''
    (3..3]          ( num): ''
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2 rows: 37 39 
    [0..0)          (stub): ''
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  (11..12)          ( num): ''
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Row 40
    [0..0)          (stub): ''
    (3..3]          ( num): ''
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2 rows: 45 42 
    [0..0)          (stub): ''
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Best data column prototype:
7 rows: 12 10 8 7 18 28 34 
    [0..0)   [0..0] (stub): ''
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  (15..15]   [3..3] ( num): ''

Table attributes: assets,balancesheet,date,liabilities,cash

Table 9

Financial table in standard format

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended
 
 
Six months ended
 
 
 
June 30,
 
 
June 30,
 
 
 
2010
 
 
2009
 
 
2010
 
 
2009
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest cost on projected benefit obligation
 
$
8,163
 
 
$
8,304
 
 
$
16,326
 
 
$
16,608
 
Expected return on assets
 
 
(7,945
)
 
 
(8,673
)
 
 
(15,890
)
 
 
(17,328
)
Amortization of net loss
 
 
1,099
 
 
 
(619
)
 
 
2,198
 
 
 
732
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net periodic pension cost (benefit)
 
$
1,317
 
 
$
(988
)
 
$
2,634
 
 
$
12
 
 
 
 
 
 
 
 
 
 
 
 
 
 
    Belos current funding policy is to contribute annually to the Pension Plan amounts sufficient to meet minimum funding requirements as set forth in employee benefit and tax laws, but not in excess of the maximum tax-deductible contribution. The Company expects to make contributions totaling $14,277 to the Pension Plan in 2010. A. H. Belo is required to reimburse the Company for 60 percent of each contribution the Company makes to the Pension Plan. Assuming contributions of $14,277 are made to the Pension Plan in 2010, the amount of reimbursement the Company will receive from A. H. Belo will be $8,566. For the three and six months ended June 30, 2010, the Company made Pension Plan contributions of $7,000 and $13,787, respectively, and received reimbursements from A. H. Belo of $4,200 and $8,272, respectively. Pension contribution reimbursements received are classified as a credit to operating costs and expenses in the consolidated statement of operations. The Company made no contributions to the Pension Plan during 2009. No plan assets are expected to be returned to the Company during the fiscal year ending December 31, 2010.
BELO CORP CIK:356080

Table 10

Financial table in standard format

Station salaries, wages and employee benefits increased $4,926, or 5.0 percent, in the six months ended June 30, 2010, compared to the six months ended June 30, 2009. This increase is primarily due to increases in bonus accruals of $3,339, a 2009 credit for vacation accruals of $2,979 due to the second quarter 2009 decision to convert to a PTO vacation policy, a 2009 credit of $2,110 for self-insured medical costs, and increases in pension and pension transition expenses of $2,482. These increases were partially offset by decreases in severance costs of $2,517, 401(k) plan expense of $1,896 and salary expense of $1,566. Station programming and other operating costs decreased $4,938 or 5.1 percent, primarily due to a non-cash expense reduction of $4,381, relating to a 2005 Federal Communications Commission (FCC) decision that allowed a major wireless provider to finance the replacement of analog newsgathering equipment with digital equipment in exchange for stations vacating the analog spectrum earlier than required. Six Belo markets converted to this digital equipment in the first half of 2010 and only two Belo markets converted in the first half of 2009. Corporate operating costs increased $3,316 in the six months ended June 30, 2010, primarily related to increases in bonus expense of $2,463, pension and pension transition expenses of $1,848, and share-based compensation expense of $1,299. These increases were partially offset by a decrease in technology related expenses of $2,149.
Belos current funding policy is to contribute annually to the Pension Plan amounts sufficient to meet minimum funding requirements as set forth in employee benefit and tax laws, but not in excess of the maximum tax-deductible contribution. A. H. Belo is required to reimburse the Company for 60 percent of each contribution the Company makes to the Pension Plan. For the three and six months ended June 30, 2010, the Company made Pension Plan contributions of $7,000 and $13,787, respectively, and received reimbursements from A. H. Belo of $4,200 and $8,272, respectively. Pension contribution reimbursements received from A. H. Belo are classified as a credit to operating costs and expenses in the consolidated statement of operations.
Other Income and (Expense)
Interest expense increased $4,483 and $9,791 in the three and six months ended June 30, 2010, respectively, primarily due to increased interest costs associated with the issuance of $275,000 in 8% Senior Notes in November 2009, and the amortization of the discount and refinancing costs associated with the note offering. These borrowings were previously included in the Companys lower-rate revolving credit facility. Other income (expense), net increased $3,180 in the second quarter 2010 compared to the second quarter 2009, due primarily to costs recognized in the second quarter 2009 of $947 related to the relocation of the Companys bureau in Washington, DC, and a $500 increase in an investment reserve. Other income (expense), net decreased $13,456 in the six months ended June 30, 2010, primarily due to a $14,905 gain related to the Companys first quarter 2009 purchase of debt securities. The debt securities were purchased on the open market at a discount. Additionally, in the first quarter 2009, the Company sold its interest in a Web site joint venture for a gain of $1,616.
Income taxes increased $6,249, or 97.4 percent, for the three months ended June 30, 2010, compared with the three months ended June 30, 2009, primarily due to higher taxable income in 2010 compared to 2009. Income taxes increased $9,614, or 79.8 percent, for the six months ended June 30, 2010, compared with the six months ended June 30, 2009, primarily due to higher taxable income in 2010 compared to 2009. For the six months ended June 30, 2010 and 2009, the Companys effective tax rate was 39.6 percent and 38.6 percent, respectively.
Station EBITDA
                                                 
    Three months ended June 30,     Six months ended June 30,  
            Percentage                     Percentage        
    2010     Change     2009     2010     Change     2009  
Station EBITDA
  $ 64,056       28.1 %     50,015       121,533       47.3 %     82,513  
Corporate operating costs and expenses
    (7,855 )     51.1 %     (5,199 )     (17,464 )     23.4 %     (14,148 )
Depreciation
    (8,770 )     (12.0 %)     (9,967 )     (18,013 )     (13.2 %)     (20,759 )
Pension contribution reimbursement
    4,200       N/A             8,272       N/A        
 
                                       
Net earnings from operations
  $ 51,631       48.2 %   $ 34,849     $ 94,328       98.1 %   $ 47,606  
 
                                       
BELO CORP CIK:356080
2009-03-30
to
2009-06-30
(3-months)
2009-12-30
to
2010-06-30
(6-months)
2008-12-30
to
2009-06-30
(6-months)
Station EBITDA $64,05628.150,015121,53347.382,513
Corporate operating costs and expenses (7,855)51.1(5,199)(17,464)23.4(14,148)
Depreciation (8,770)(12.0(9,967)(18,013)(13.2(20,759)
Pension contribution reimbursement 4,2008,272
Net earnings from operations $51,63148.2$34,849$94,32898.1$47,606
Data column 1: Unable to interpret date in column header
Data column 4: Unable to interpret date in column header
Row "Station EBITDA $64,056": Multi-column field in a numeric row
Row "Station EBITDA $64,056": Multi-column field in a numeric row
Row "Corporate operating costs and expenses (7,855)": Multi-column field in a numeric row
Row "Corporate operating costs and expenses (7,855)": Multi-column field in a numeric row
Row "Depreciation (8,770)": Multi-column field in a numeric row
Row "Depreciation (8,770)": Multi-column field in a numeric row
Row "Net earnings from operations $51,631": Multi-column field in a numeric row
Row "Net earnings from operations $51,631": Multi-column field in a numeric row

Original filing from SEC EDGAR system.