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 Six Months Ended June 27, 2010 June 26, 2011 June 27, 2010 June 26, 2011 REVENUES – NET: $ 236,022 $ 260,540 $ 461,135 $ 513,461 Advertising 67,666 137,352 65,144 131,311 Circulation 13,084 25,538 13,824 26,782 Other 314,250 617,984 342,030 677,595 OPERATING EXPENSES: 129,027 263,138 112,121 231,929 Compensation excluding restructuring charges 32,651 64,963 72,323 36,947 Newsprint and supplements 86,444 173,652 81,820 163,833 Other cash operating expenses 248,122 501,753 230,888 468,085 Cash operating expenses excluding restructuring charges Restructuring related compensation 7,614 12,163 907 4,432 - - Impairment charges related to asset sales 262 10,564 Depreciation and amortization 30,353 35,904 67,722 61,584 Total operating expenses 284,933 269,117 552,396 573,907 OPERATING INCOME 45,133 57,097 103,688 65,588 Add back: Depreciation and amortization 30,353 35,904 61,584 67,722 7,614 907 4,432 12,163 Restructuring related compensation charges - 262 - Impairment charges related to asset sales 10,564 OPERATING CASH FLOW $ 93,908 $ 83,362 $ 149,899 $ 175,842 27.5% OPERATING CASH FLOW MARGIN 26.5% 24.3% 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.