REVENUES – NET:

1. Reconciliation of GAAP Measures to Non-GAAP Amounts Reconciliation of Operating Income (Loss) to Operating Cash Flows(in thousands) Three Months Ended March 30, 2013 March 25, 2012 REVENUES – NET: Advertising $ 197,122 $ 209,764 Circulation 67,455 66,403 Other 12,159 12,134 276,736 288,301 OPERATING EXPENSES: Compensation excluding restructuring charges 112,195 111,478 Newsprint, supplements and printing expense 30,715 34,339 Other cash operating expenses 80,475 81,709 Cash operating expenses excluding restructuring charges 223,385 227,526 Restructuring related compensation charges 381 1,171 Other restructuring charges 1,926 888 Depreciation and amortization 30,446 30,741 Total operating expenses 256,138 260,326 OPERATING INCOME 20,598 27,975 Add back: Depreciation and amortization 30,446 30,741 Restructuring related compensation charges 381 1,171 Other restructuring charges 1,926 888 OPERATING CASH FLOW $ 53,351 $ 60,775 OPERATING CASH FLOW MARGIN 19.3% 21.1% 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.