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Retirement plans Retirement Plans (Tables)
12 Months Ended
Dec. 30, 2012
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Defined Benefit Plans Disclosures
Postretirement benefit cost for health care and life insurance included the following components:
In thousands of dollars

2012
2011
2010
Service cost – benefits earned during the period
$
545

$
611

$
713

Interest cost on net benefit obligation
7,744

9,205

10,606

Amortization of prior service credit
(19,190
)
(19,510
)
(19,377
)
Amortization of actuarial loss
1,943

5,444

4,949

Net periodic postretirement benefit
$
(8,958
)
$
(4,250
)
$
(3,109
)
Schedule of Net Funded Status
The funded status (on a projected benefit obligation basis) of the company’s principal retirement plans at Dec. 30, 2012, is as follows:
In thousands of dollars

Fair Value of
Plan Assets
Benefit
Obligation
Funded
Status
GRP
$
1,868,164

$
2,461,782

$
(593,618
)
SERP (a)

219,297

(219,297
)
Newsquest
606,174

798,078

(191,904
)
Newspaper Guild Plan
77,978

93,928

(15,950
)
Total
$
2,552,316

$
3,573,085

$
(1,020,769
)
(a) the SERP is an unfunded, unsecured liability
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)
Other changes in plan assets and benefit obligations recognized in other comprehensive loss consist of the following:
In thousands of dollars
 
2012
Current year actuarial loss
$
(236,163
)
Amortization of actuarial loss
53,429

Amortization of prior service costs
7,689

Actuarial gain due to settlement
7,946

Currency loss
(11,585
)
Total
$
(178,684
)
Other changes in plan assets and benefit obligations recognized in other comprehensive (loss) consist of the following:
In thousands of dollars
 
2012
Current year actuarial gain
$
5,364

Amortization of actuarial loss
1,943

Amortization of prior service credit
(19,190
)
Total
$
(11,883
)
Schedule of Assumptions Used
Postretirement benefit costs: The following assumptions were used to determine postretirement benefit cost:
 
2012
2011
2010
Discount rate
4.75
%
5.30
%
5.80
%
Health care cost trend rate assumed for next year
6.50
%
6.50
%
6.50
%
Ultimate trend rate
5.00
%
5.00
%
5.00
%
Year that ultimate trend rate is reached
2016

2015

2014

Schedule Of Assumptions Used In Calculating Pension Benefit Obligations Table
Benefit obligations and funded status: The following assumptions were used to determine the year-end benefit obligations:
 
Dec. 30, 2012
Dec. 25, 2011
Discount rate
4.08%
4.86%
Rate of compensation increase
2.97%
2.96%
Schedule of Allocation of Plan Assets
The asset allocation for the GRP at the end of 2012 and 2011, and target allocations for 2013, by asset category, are presented in the table below: 
Target Allocation
 
Allocation of Plan Assets
 
2013
2012
2011
Equity securities
47
%
51
%
46
%
Debt securities
35

35

39

Other
18

14

15

Total
100
%
100
%
100
%
Schedule of Expected Benefit Payments
Cash flows: The company expects to make the following benefit payments, which reflect expected future service, and to receive the following federal subsidy benefits as appropriate:
In thousands of dollars
Benefit Payments
Subsidy Benefits
2013
$
19,655

$
4,360

2014
$
19,154

$
3,626

2015
$
18,559

$
3,592

2016
$
17,751

$
3,501

2017
$
16,927

$
3,439

2018-2022
$
69,422

$
15,361

Multiemployer Pension Plans Table
Multi-employer Pension Plans
 
 
 
 
 
 
 
 
 

EIN Number/
Zone Status
Dec. 31,
FIP/RP Status
Pending/Implemented
Contributions(in thousands)
Surcharge Imposed
Expiration Dates of CBAs
Pension Plan Name
Plan Number
2012
2011
2012
2011
2010
AFTRA Retirement Plan (a)
13-6414972/001
Green
as of
Nov.
30,
2011
Green
as of
Nov.
30,
2010
NA
$
965

$
896

$
858

NA

7/13/2012
6/30/2013 12/16/2013
CWA/ITU Negotiated Pension Plan
13-6212879/001
Red
Red
Implemented
572

146

169

No
11/13/2012-
3/27/2016
GCIU—Employer Retirement Benefit Plan (a)
91-6024903/001
Red
Red
Implemented
380

280

331

No
4/13/2011-
1/31/2015
The Newspaper Guild International Pension Plan (a)
52-1082662/001
Red
Red
Implemented
415

385

392

No
11/13/2012
12/20/2012
IAM National Pension Plan (a)
51-6031295/002
Green
Green
NA
341

308

315

NA
4/30/2013
Teamsters Pension Trust Fund of Philadelphia and Vicinity (a)
23-1511735/001
Yellow
Yellow
Implemented
876

1,054

995

NA
12/14/2012
3/11/2013
Central Pension Fund of the International Union of Operating Engineers and Participating Employers (a)
36-6052390/001
Green
as of
Jan.
31,
2012
Green
as of
Jan.
31,
2011
NA
158

163

166

NA
4/30/2013
Central States Southeast and Southwest Areas Pension Fund
36-6044243/001
Red
Red
Implemented
260

372

343

No
6/30/2013
Total




$
3,967

$
3,604

$
3,569



(a) This plan has elected to utilize special amortization provisions provided under the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010.
Pension Plans, Defined Benefit
 
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Defined Benefit Plans Disclosures
The company’s pension costs, which include costs for its qualified and non-qualified plans, are presented in the following table:
In thousands of dollars

2012
2011
2010
Service cost—benefits earned during the period
$
7,545

$
7,833

$
14,829

Interest cost on benefit obligation
155,376

171,339

176,738

Expected return on plan assets
(189,863
)
(211,659
)
(191,614
)
Amortization of prior service costs
7,689

7,580

6,731

Amortization of actuarial loss
53,429

37,901

46,870

Pension expense for company-sponsored retirement plans
34,176

12,994

53,554

Curtailment gains


(3,840
)
Settlement and special termination benefit charge
7,946

1,068


Total pension cost
$
42,122

$
14,062

$
49,714

Schedule of Changes in Projected Benefit Obligations
The following table provides a reconciliation of pension benefit obligations (on a projected benefit obligation measurement basis), plan assets and funded status of company-sponsored retirement plans, along with the related amounts that are recognized in the Consolidated Balance Sheets.
In thousands of dollars

Dec. 30, 2012
Dec. 25, 2011
Change in benefit obligations
 
 
Benefit obligations at beginning of year
$
3,351,494

$
3,217,877

Service cost
7,545

7,833

Interest cost
155,376

171,339

Plan amendments

1,297

Plan participants’ contributions
7

3,885

Actuarial loss
300,525

182,789

Foreign currency translation
27,526

5,740

Gross benefits paid
(245,899
)
(240,334
)
Special termination benefit

1,068

Settlements
(23,489
)

Benefit obligations at end of year
$
3,573,085

$
3,351,494

Change in plan assets
 
 
Fair value of plan assets at beginning of year
$
2,408,768

$
2,588,728

Actual return on plan assets
254,225

(6,537
)
Plan participants’ contributions
7

3,885

Employer contributions
137,499

56,392

Gross benefits paid
(245,899
)
(240,334
)
Settlements
(23,489
)

Foreign currency translation
21,205

6,634

Fair value of plan assets at end of year
$
2,552,316

$
2,408,768

Funded status at end of year
$
(1,020,769
)
$
(942,726
)
Amounts recognized in Consolidated Balance Sheets
Accrued benefit cost—current
$
(13,444
)
$
(34,616
)
Accrued benefit cost—long-term
$
(1,007,325
)
$
(908,110
)
Schedule of Assumptions Used
Pension costs: The following assumptions were used to determine net pension costs:
 
2012
2011
2010
Discount rate
4.83%
5.49%
5.88%
Expected return on plan assets
8.25%
8.75%
8.75%
Rate of compensation increase
2.96%
2.95%
2.88%
Schedule of Expected Benefit Payments
The company estimates it will make the following benefit payments (from either retirement plan assets or directly from company funds), which reflect expected future service, as appropriate:
In thousands of dollars
2013
$
208,975

2014
$
214,648

2015
$
215,860

2016
$
217,673

2017
$
222,956

2018-2022
$
1,095,723