Restructuring related compensation

1. Reconciliation of GAAP Measures to Non-GAAP Amounts Reconciliation of Operating Income to Operating Cash Flows(in thousands) Three Months Ended Nine Months Ended Sept. 26, 2010 Sept. 25, 2011 Sept. 26, 2010 Sept. 25, 2011 REVENUES – NET: $ 224,222 $ 249,134 $ 685,357 $ 762,595 Advertising 66,383 203,735 64,071 195,382 Circulation 11,926 37,464 38,975 12,193 Other 300,219 918,203 327,710 1,005,305 OPERATING EXPENSES: 124,198 387,336 107,662 339,591 Compensation excluding restructuring charges 32,962 97,925 107,561 35,238 Newsprint and supplements 85,184 258,836 80,408 244,241 Other cash operating expenses 242,344 744,097 223,308 691,393 Cash operating expenses excluding restructuring charges Restructuring related compensation 1,089 13,252 2,376 6,808 - - Impairment charges related to asset sales 761 11,325 Depreciation and amortization 29,618 30,203 97,925 91,202 Total operating expenses 274,923 254,776 807,172 848,830 OPERATING INCOME 45,443 52,787 156,475 111,031 Add back: Depreciation and amortization 29,618 30,203 91,202 97,925 1,089 2,376 6,808 13,252 Restructuring related compensation charges - 761 - Impairment charges related to asset sales 11,325 OPERATING CASH FLOW $ 85,366 $ 76,911 $ 226,810 $ 261,208 26.0% OPERATING CASH FLOW MARGIN 25.6% 24.7% 26.0% The company believes operating cash flow is commonly used as a measure of performance for newspaper companies, however, it does not purport to represent cash provided by operating activities as shown in the company’s statement of cash flows, nor is it meant as a substitute for measures of performance prepared in accordance with generally accepted accounting principles.