<SUBMISSION>
<ACCESSION-NUMBER>0001021408-02-013343
<TYPE>10-Q
<PUBLIC-DOCUMENT-COUNT>4
<PERIOD>20020930
<FILING-DATE>20021106
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>SCRIPPS E W CO /DE
<CIK>0000832428
<ASSIGNED-SIC>2711
<IRS-NUMBER>311223339
<STATE-OF-INCORPORATION>OH
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>10-Q
<ACT>34
<FILE-NUMBER>000-16914
<FILM-NUMBER>02811551
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>312 WALNUT STREET
<CITY>CININNATI
<STATE>OH
<ZIP>45202
<PHONE>5139773000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>312 WALNUT STREET
<CITY>CINCINNATI
<STATE>OH
<ZIP>45202
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>d10q.htm
<DESCRIPTION>FORM 10-Q FOR QUARTER ENDED SEPTEMBER 30, 2002
<TEXT>
<HTML><HEAD>
<TITLE>Form 10-Q for Quarter Ended September 30, 2002</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <hr size=4 width="100%" noshade color=black align=center> <p align=center><font size=5 face="Times New Roman"><b>UNITED STATES <br> SECURITIES AND EXCHANGE COMMISSION<br></b></font><font size=3><b>Washington,
D.C.&#160; 20549</b></font></p> <p align=center><font size=5 face="Times New Roman"><b>FORM 10-Q</b></font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="6%" valign=top> <p align=center><font size=3 face=Wingdings>x</font></p> </td>
<td width="93%" valign=top> <p align=center><font size=3 face="Times New Roman"><b>QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934</b></font></p> </td> </tr> </table> <p align=center><font size=2
face="Times New Roman"><b>For the quarterly period ended September 30, 2002</b></font></p> <p align=center><font size=2 face="Times New Roman"><b>OR</b></font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="6%" valign=top> <p align=center><font size=3 face=Wingdings>o</font></p> </td>
<td width="93%" valign=top> <p align=center><font size=3 face="Times New Roman"><b>TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934</b></font></p> </td> </tr> </table> <p align=center><font size=2
face="Times New Roman"><b>For the transition period from ________________ to ________________</b></font></p> <p align=center><font size=2 face="Times New Roman"><b>Commission File Number 0-16914</b></font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="100%" colspan="3" valign=bottom> <p align=center><font size=6 face="Times New Roman"><b>THE E. W. SCRIPPS COMPANY</b></font></p> </td> </tr>
<tr>
<td width="100%" colspan="3" valign=bottom> <hr size=1 width="70%" noshade color=black align=center> </td> </tr>
<tr>
<td width="100%" colspan="3" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>(Exact name of registrant as specified in its charter)</b></font></p> </td> </tr>
<tr>
<td width="49%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="49%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="49%" valign=bottom> <p align=center><font size=2 face="Times New Roman"><b>Ohio</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="49%" valign=bottom> <p align=center><font size=2 face="Times New Roman"><b>31-1223339</b></font></p> </td> </tr>
<tr>
<td width="49%" valign=bottom> <hr size=1 width="78%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="49%" valign=bottom> <hr size=1 width="55%" noshade color=black align=center> </td> </tr>
<tr>
<td width="49%" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>(State or other jurisdiction of incorporation or organization)</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="49%" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>(I.R.S. Employer Identification Number)</b></font></p> </td> </tr>
<tr>
<td width="49%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="49%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="49%" valign=bottom> <p align=center><font size=2 face="Times New Roman"><b>312 Walnut Street<br> Cincinnati, Ohio</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="49%" valign=bottom> <p align=center><font size=2 face="Times New Roman"><b>45202</b></font></p> </td> </tr>
<tr>
<td width="49%" valign=bottom> <hr size=1 width="50%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="49%" valign=bottom> <hr size=1 width="20%" noshade color=black align=center> </td> </tr>
<tr>
<td width="49%" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>(Address of principal executive offices)</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="49%" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>(Zip Code)</b></font></p> </td> </tr>
<tr>
<td width="49%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="49%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="100%" colspan="3" valign=bottom> <p align=center><font size=2 face="Times New Roman"><b>Registrant&#146;s telephone number, including area code:&#160; (513) 977-3000</b></font></p> </td> </tr>
<tr>
<td width="100%" colspan="3" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="100%" colspan="3" valign=bottom> <p align=center><font size=2 face="Times New Roman"><b>Not Applicable</b></font></p> </td> </tr>
<tr>
<td width="100%" colspan="3" valign=bottom> <hr size=1 width="54%" noshade color=black align=center> </td> </tr>
<tr>
<td width="100%" colspan="3" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>(Former name, former address and former fiscal year, if changed since last report.)</b></font></p> </td> </tr>
<tr>
<td width="100%" colspan="3" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="100%" colspan="3" valign=bottom> <p><font size=2 face="Times New Roman">Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities and Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.</font></p> </td> </tr> </table>
<table align=center border=0 cellspacing=0 cellpadding=0 width="15%">
<tr>
<td width="30%" valign=top> <p><font size=2 face="Times New Roman">&nbsp;&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" valign=top> <p><font size=2 face="Times New Roman">Yes</font></p> </td>
<td width="23%" valign=top> <p><font size=2 face=Wingdings>x</font></p> </td>
<td width="23%" valign=top> <p><font size=2 face="Times New Roman">No</font></p> </td>
<td width="23%" valign=top> <p><font size=2 face=Wingdings>o</font></p> </td> </tr> </table> <p><font size=2 face="Times New Roman">Indicate the number of shares outstanding of each of the issuer&#146;s classes of common stock, as of the latest
practicable date.&#160; As of October 31, 2002 there were 61,384,683 of the Registrant&#146;s Class A Common Shares outstanding and 18,616,913 of the Registrant&#146;s Common Voting Shares outstanding.</font></p> <hr size=4 width="100%" noshade
color=black align=center> <p><font size=2 face="Times New Roman"><BR> </font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<a name="toc"></a>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="100%" colspan="3" valign=top> <p align=center><font size=2 face="Times New Roman"><b>INDEX TO THE E. W. SCRIPPS COMPANY</b></font></p> </td> </tr>
<tr>
<td width="100%" colspan="3" valign=top> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="100%" colspan="3" valign=top> <p align=center><font size=2 face="Times New Roman"><b>REPORT ON FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30, 2002</b></font></p> </td> </tr>
<tr>
<td width="100%" colspan="3" valign=top> </td> </tr>
<tr>
<td width="100%" colspan="3" valign=top> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="6%" valign=top> <p><font size=1 face="Times New Roman"><b>Item No.</b></font></p> </td>
<td width="88%" valign=top> <p>&nbsp;</p> </td>
<td width="6%" valign=top> <p align=center><font size=1 face="Times New Roman"><b>Page</b></font></p> </td> </tr>
<tr>
<td width="6%" valign=top> <hr size=1 width="100%" noshade color=black align=right> </td>
<td width="88%" valign=top> <p>&nbsp;</p> </td>
<td width="6%" valign=top> <hr size=1 width="100%" noshade color=black align=right> </td> </tr>
<tr>
<td width="94%" colspan="2" valign=top> <p align=center><font size=2 face="Times New Roman"><u><b>
<a href="#tx763_1">PART I - FINANCIAL INFORMATION</a></b></u></font></p> </td>
<td width="6%" valign=top> <p align=right>&nbsp;</p> </td> </tr>
<tr>
<td width="6%" valign=top> <p>&nbsp;</p> </td>
<td width="88%" valign=top> <p>&nbsp;</p> </td>
<td width="6%" valign=top> <p align=right>&nbsp;</p> </td> </tr>
<tr>
<td width="6%" valign=top> <p align=center><font size=2 face="Times New Roman">1</font></p> </td>
<td width="88%" valign=top> <p><font size=2 face="Times New Roman">
<a href="#tx763_2">Financial Statements</a></font></p> </td>
<td width="6%" valign=top> <p align=right><font size=2 face="Times New Roman">3</font></p> </td> </tr>
<tr>
<td width="6%" valign=top> <p align=center>&nbsp;</p> </td>
<td width="88%" valign=top> <p>&nbsp;</p> </td>
<td width="6%" valign=top> <p align=right>&nbsp;</p> </td> </tr>
<tr>
<td width="6%" valign=top> <p align=center><font size=2 face="Times New Roman">2</font></p> </td>
<td width="88%" valign=top> <p><font size=2 face="Times New Roman">
<a href="#tx763_3">Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations</a></font></p> </td>
<td width="6%" valign=top> <p align=right><font size=2 face="Times New Roman">3</font></p> </td> </tr>
<tr>
<td width="6%" valign=top> <p align=center>&nbsp;</p> </td>
<td width="88%" valign=top> <p>&nbsp;</p> </td>
<td width="6%" valign=top> <p align=right>&nbsp;</p> </td> </tr>
<tr>
<td width="6%" valign=top> <p align=center><font size=2 face="Times New Roman">3</font></p> </td>
<td width="88%" valign=top> <p><font size=2 face="Times New Roman">
<a href="#tx763_4">Quantitative and Qualitative Disclosures About Market Risk</a></font></p> </td>
<td width="6%" valign=top> <p align=right><font size=2 face="Times New Roman">3</font></p> </td> </tr>
<tr>
<td width="6%" valign=top> <p align=center>&nbsp;</p> </td>
<td width="88%" valign=top> <p>&nbsp;</p> </td>
<td width="6%" valign=top> <p align=right>&nbsp;</p> </td> </tr>
<tr>
<td width="6%" valign=top> <p align=center><font size=2 face="Times New Roman">4</font></p> </td>
<td width="88%" valign=top> <p><font size=2 face="Times New Roman">
<a href="#tx763_5">Controls and Procedures</a></font></p> </td>
<td width="6%" valign=top> <p align=right><font size=2 face="Times New Roman">3</font></p> </td> </tr>
<tr>
<td width="6%" valign=top> <p align=center>&nbsp;</p> </td>
<td width="88%" valign=top> <p>&nbsp;</p> </td>
<td width="6%" valign=top> <p align=right>&nbsp;</p> </td> </tr>
<tr>
<td width="94%" colspan="2" valign=top> <p align=center><font size=2 face="Times New Roman"><u><b>
<a href="#tx763_6">PART II - OTHER INFORMATION</a></b></u></font></p> </td>
<td width="6%" valign=top> <p align=right>&nbsp;</p> </td> </tr>
<tr>
<td width="6%" valign=top> <p align=center>&nbsp;</p> </td>
<td width="88%" valign=top> <p>&nbsp;</p> </td>
<td width="6%" valign=top> <p align=right>&nbsp;</p> </td> </tr>
<tr>
<td width="6%" valign=top> <p align=center><font size=2 face="Times New Roman">1</font></p> </td>
<td width="88%" valign=top> <p><font size=2 face="Times New Roman">
<a href="#tx763_7">Legal Proceedings</a></font></p> </td>
<td width="6%" valign=top> <p align=right><font size=2 face="Times New Roman">3</font></p> </td> </tr>
<tr>
<td width="6%" valign=top> <p align=center>&nbsp;</p> </td>
<td width="88%" valign=top> <p>&nbsp;</p> </td>
<td width="6%" valign=top> <p align=right>&nbsp;</p> </td> </tr>
<tr>
<td width="6%" valign=top> <p align=center><font size=2 face="Times New Roman">2</font></p> </td>
<td width="88%" valign=top> <p><font size=2 face="Times New Roman">
<a href="#tx763_8">Changes in Securities and Use of Proceeds</a></font></p> </td>
<td width="6%" valign=top> <p align=right><font size=2 face="Times New Roman">3</font></p> </td> </tr>
<tr>
<td width="6%" valign=top> <p align=center>&nbsp;</p> </td>
<td width="88%" valign=top> <p>&nbsp;</p> </td>
<td width="6%" valign=top> <p align=right>&nbsp;</p> </td> </tr>
<tr>
<td width="6%" valign=top> <p align=center><font size=2 face="Times New Roman">3</font></p> </td>
<td width="88%" valign=top> <p><font size=2 face="Times New Roman">
<a href="#tx763_9">Defaults Upon Senior Securities</a></font></p> </td>
<td width="6%" valign=top> <p align=right><font size=2 face="Times New Roman">4</font></p> </td> </tr>
<tr>
<td width="6%" valign=top> <p align=center>&nbsp;</p> </td>
<td width="88%" valign=top> <p>&nbsp;</p> </td>
<td width="6%" valign=top> <p align=right>&nbsp;</p> </td> </tr>
<tr>
<td width="6%" valign=top> <p align=center><font size=2 face="Times New Roman">4</font></p> </td>
<td width="88%" valign=top> <p><font size=2 face="Times New Roman">
<a href="#tx763_10">Submission of Matters to a Vote of Security Holders</a></font></p> </td>
<td width="6%" valign=top> <p align=right><font size=2 face="Times New Roman">4</font></p> </td> </tr>
<tr>
<td width="6%" valign=top> <p align=center>&nbsp;</p> </td>
<td width="88%" valign=top> <p>&nbsp;</p> </td>
<td width="6%" valign=top> <p align=right>&nbsp;</p> </td> </tr>
<tr>
<td width="6%" valign=top> <p align=center><font size=2 face="Times New Roman">5</font></p> </td>
<td width="88%" valign=top> <p><font size=2 face="Times New Roman">
<a href="#tx763_11">Other Information</a></font></p> </td>
<td width="6%" valign=top> <p align=right><font size=2 face="Times New Roman">4</font></p> </td> </tr>
<tr>
<td width="6%" valign=top> <p align=center>&nbsp;</p> </td>
<td width="88%" valign=top> <p>&nbsp;</p> </td>
<td width="6%" valign=top> <p align=right>&nbsp;</p> </td> </tr>
<tr>
<td width="6%" valign=top> <p align=center><font size=2 face="Times New Roman">6</font></p> </td>
<td width="88%" valign=top> <p><font size=2 face="Times New Roman">
<a href="#tx763_12">Exhibits and Reports on Form 8-K</a></font></p> </td>
<td width="6%" valign=top> <p align=right><font size=2 face="Times New Roman">4</font></p> </td> </tr>
<tr>
<td width="6%" valign=top> <p>&nbsp;</p> </td>
<td width="88%" valign=top> <p>&nbsp;</p> </td>
<td width="6%" valign=top> <p align=right>&nbsp;</p> </td> </tr>
<tr>
<td width="6%" valign=top> <p>&nbsp;</p> </td>
<td width="88%" valign=top> <p><font size=2 face="Times New Roman">
<a href="#tx763_13">Signatures</a></font></p> </td>
<td width="6%" valign=top> <p align=right><font size=2 face="Times New Roman">4</font></p> </td> </tr>
<tr>
<td width="6%" valign=top> <p>&nbsp;</p> </td>
<td width="88%" valign=top> <p>&nbsp;</p> </td>
<td width="6%" valign=top> <p align=right>&nbsp;</p> </td> </tr>
<tr>
<td width="6%" valign=top> <p>&nbsp;</p> </td>
<td width="88%" valign=top> <p><font size=2 face="Times New Roman">
<a href="#tx763_14">Certifications</a></font></p> </td>
<td width="6%" valign=top> <p align=right><font size=2 face="Times New Roman">5</font></p> </td> </tr> </table> <p align=center><font size=2 face="Times New Roman">2<b><br clear=all> </b></font></p>

<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="100%" valign=top> <p align=center><font size=2 face="Times New Roman"><b>PART I
<a name="tx763_1"></a></b></font></p> </td> </tr>
<tr>
<td width="100%" valign=top> </td> </tr> </table> <p><font size=2 face="Times New Roman"><u><b>ITEM 1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<a name="tx763_2"></a>FINANCIAL STATEMENTS</b></u></font></p> <p><font size=2 face="Times New Roman">The information required by this item is filed as part of this Form 10-Q.&#160; See Index to Financial Information at page F-1 of this
Form&nbsp;10-Q.</font></p> <p><font size=2 face="Times New Roman"><u><b>ITEM 2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<a name="tx763_3"></a>MANAGEMENT&#146;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</b></u></font></p> <p><font size=2 face="Times New Roman">The information required by this item is filed as part of this Form
10-Q.&#160; See Index to Financial Information at page F-1 of this Form&nbsp;10-Q.</font></p> <p><font size=2 face="Times New Roman"><u><b>ITEM 3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<a name="tx763_4"></a>QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK</b></u></font></p> <p><font size=2 face="Times New Roman">The information required by this item is filed as part of this Form 10-Q.&#160; See Index to Financial
Information at page F-1 of this Form&nbsp;10-Q.</font></p> <p><font size=2 face="Times New Roman"><u><b>ITEM 4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<a name="tx763_5"></a>CONTROLS AND PROCEDURES</b></u></font></p> <p><font size=2 face="Times New Roman">The information required by this item is filed as part of this Form 10-Q.&#160; See Index to Financial Information at page F-1 of this
Form&nbsp;10-Q.</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="100%" valign=top> <p align=center><font size=2 face="Times New Roman"><b>PART II
<a name="tx763_6"></a></b></font></p> </td> </tr>
<tr>
<td width="100%" valign=top> </td> </tr> </table> <p><font size=2 face="Times New Roman"><u><b>ITEM 1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<a name="tx763_7"></a>LEGAL PROCEEDINGS</b></u></font></p> <p><font size=2 face="Times New Roman">The Company is involved in litigation arising in the ordinary course of business, such as defamation actions and various governmental and
administrative proceedings relating to renewal of broadcast licenses, none of which is expected to result in material loss.</font></p> <p><font size=2 face="Times New Roman"><u><b>ITEM 2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<a name="tx763_8"></a>CHANGES IN SECURITIES AND USE OF PROCEEDS</b></u></font></p> <p><font size=2 face="Times New Roman">There were no changes in the rights of security holders during the quarter for which this report is filed.&#160; </font></p>
<p><font size=2 face="Times New Roman">There were no sales of unregistered equity securities during the quarter for which this report is filed.</font></p> <p align=center><font size=2 face="Times New Roman">3</font></p> <p><font size=2
face="Times New Roman"><b><u><br clear=all> </u></b></font></p>

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<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"><u><b>ITEM 3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<a name="tx763_9"></a>DEFAULTS UPON SENIOR SECURITIES</b></u></font></p> <p><font size=2 face="Times New Roman">There were no defaults upon senior securities during the quarter for which this report is filed.</font></p> <p><font size=2
face="Times New Roman"><u><b>ITEM 4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<a name="tx763_10"></a>SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS</b></u></font></p> <p><font size=2 face="Times New Roman">There were no matters submitted to a vote of security holders during the quarter for which this report is
filed.&#160; </font></p> <p><font size=2 face="Times New Roman"><u><b>ITEM 5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<a name="tx763_11"></a>OTHER INFORMATION</b></u></font></p> <p><font size=2 face="Times New Roman">None.</font></p> <p><font size=2 face="Times New Roman"><u><b>ITEM 6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<a name="tx763_12"></a>EXHIBITS AND REPORTS ON FORM 8-K</b></u></font></p> <p align=center><font size=2 face="Times New Roman"><u><b>Exhibits</b></u></font></p> <p><font size=2 face="Times New Roman">The information required by this item is filed as
part of this Form 10-Q.&#160; See Index to Exhibits at page E-1 of this Form 10-Q.&#160; </font></p> <p align=center><font size=2 face="Times New Roman"><u><b>Reports on Form 8-K</b></u></font></p> <p><font size=2 face="Times New Roman">A Current
Report on Form 8-K reporting the Company&#146;s Principal Executive Officer and Principal Financial Officer had signed sworn statements pursuant to Securities and Exchange Commission Order No. 4-460 was filed on August 12, 2002.&#160; </font></p>
<p><font size=2 face="Times New Roman">A Current Report on Form 8-K reporting the Company&#146;s agreement to acquire controlling interest in the Shop At Home television retailing network was filed on August 16, 2002.</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="100%" valign=top> <p align=center><font size=2 face="Times New Roman"><b>SIGNATURES
<a name="tx763_13"></a></b></font></p> </td> </tr>
<tr>
<td width="100%" valign=top> </td> </tr> </table> <p><font size=2 face="Times New Roman">Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td colspan="3" valign=bottom> <p>&nbsp;</p> </td>
<td colspan="3" valign=bottom> <p><font size=2 face="Times New Roman">THE E. W. SCRIPPS COMPANY</font></p> </td> </tr>
<tr>
<td colspan="3" valign=bottom> <p>&nbsp;</p> </td>
<td colspan="3" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="7%" valign=bottom> <p><font size=2 face="Times New Roman">Dated:</font></p> </td>
<td width="32%" valign=bottom> <p><font size=2 face="Times New Roman">November 6, 2002</font></p> </td>
<td width="25%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">BY:</font></p> </td>
<td width="28%" valign=bottom> <p align=center><font size=2 face="Times New Roman">/s/ JOSEPH G. NECASTRO</font></p> </td>
<td width="6%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="7%" valign=bottom> <p>&nbsp;</p> </td>
<td width="32%" valign=bottom> </td>
<td width="25%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="28%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="6%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td colspan="3" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="28%" valign=bottom nowrap> <p align=center><font size=1 face="Times New Roman"><b>Joseph G. NeCastro<br> Senior Vice President and Chief Financial Officer</b></font></p> </td>
<td width="6%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr> </table> <p align=center><font size=2 face="Times New Roman">4<u><b><br clear=all> </b></u></font></p> <p align=center>&nbsp;</p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="100%" colspan="8" valign=top> <p align=center><font size=2 face="Times New Roman"><b>CERTIFICATIONS
<a name="tx763_14"></a></b></font></p> </td> </tr>
<tr>
<td width="100%" colspan="8" valign=top> </td> </tr>
<tr>
<td width="100%" colspan="8" valign=top> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="100%" colspan="8" valign=top> <p><font size=2 face="Times New Roman">I, Kenneth W. Lowe, certify that:</font></p> </td> </tr>
<tr>
<td width="100%" colspan="8" valign=top> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="4%" valign=top> <p><font size=2 face="Times New Roman">1.</font></p> </td>
<td width="95%" colspan="7" valign=top> <p><font size=2 face="Times New Roman">I have reviewed this quarterly report on Form 10-Q of The E.W. Scripps Company;</font></p> </td> </tr>
<tr>
<td width="4%" valign=top> <p>&nbsp;</p> </td>
<td width="95%" colspan="7" valign=top> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="4%" valign=top> <p><font size=2 face="Times New Roman">2.</font></p> </td>
<td width="95%" colspan="7" valign=top> <p><font size=2 face="Times New Roman">Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements
made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;</font></p> </td> </tr>
<tr>
<td width="4%" valign=top> <p>&nbsp;</p> </td>
<td width="95%" colspan="7" valign=top> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="4%" valign=top> <p><font size=2 face="Times New Roman">3.</font></p> </td>
<td width="95%" colspan="7" valign=top> <p><font size=2 face="Times New Roman">Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial
condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report;</font></p> </td> </tr>
<tr>
<td width="4%" valign=top> <p>&nbsp;</p> </td>
<td width="95%" colspan="7" valign=top> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="4%" valign=top> <p><font size=2 face="Times New Roman">4.</font></p> </td>
<td width="95%" colspan="7" valign=top> <p><font size=2 face="Times New Roman">The registrant&#146;s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act
Rules 13a-14 and 15d-14) for the registrant and we have:</font></p> </td> </tr>
<tr>
<td width="4%" valign=top> <p>&nbsp;</p> </td>
<td width="3%" colspan="2" valign=top> <p><font size=2 face="Times New Roman">a)</font></p> </td>
<td width="92%" colspan="5" valign=top> <p><font size=2 face="Times New Roman">designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to
us by others within those entities, particularly during the period in which this quarterly report is being prepared;</font></p> </td> </tr>
<tr>
<td width="4%" valign=top> <p>&nbsp;</p> </td>
<td width="3%" colspan="2" valign=top> <p><font size=2 face="Times New Roman">b)</font></p> </td>
<td width="92%" colspan="5" valign=top> <p><font size=2 face="Times New Roman">evaluated the effectiveness of the registrant&#146;s disclosure controls and procedures as of a date within 90 days prior to the filing date of this quarterly report (the
&#147;Evaluation Date&#148;); and</font></p> </td> </tr>
<tr>
<td width="4%" valign=top> <p>&nbsp;</p> </td>
<td width="3%" colspan="2" valign=top> <p><font size=2 face="Times New Roman">c)</font></p> </td>
<td width="92%" colspan="5" valign=top> <p><font size=2 face="Times New Roman">presented in this quarterly report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation
Date;</font></p> </td> </tr>
<tr>
<td width="4%" valign=top> <p>&nbsp;</p> </td>
<td width="95%" colspan="7" valign=top> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="4%" valign=top> <p><font size=2 face="Times New Roman">5.</font></p> </td>
<td width="95%" colspan="7" valign=top> <p><font size=2 face="Times New Roman">The registrant&#146;s other certifying officers and I have disclosed, based on our most recent evaluation, to the registrant&#146;s auditors and the audit committee of
registrant&#146;s board of directors (or persons performing the equivalent function):</font></p> </td> </tr>
<tr>
<td width="4%" valign=top> <p>&nbsp;</p> </td>
<td width="3%" colspan="2" valign=top> <p><font size=2 face="Times New Roman">a)</font></p> </td>
<td width="92%" colspan="5" valign=top> <p><font size=2 face="Times New Roman">all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant&#146;s ability to record, process, summarize and
report financial data and have identified for the registrant&#146;s auditors any material weaknesses in internal controls; and</font></p> </td> </tr>
<tr>
<td width="4%" valign=top> <p>&nbsp;</p> </td>
<td width="3%" colspan="2" valign=top> <p><font size=2 face="Times New Roman">b)</font></p> </td>
<td width="92%" colspan="5" valign=top> <p><font size=2 face="Times New Roman">any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#146;s internal controls; and</font></p>
</td> </tr>
<tr>
<td width="4%" valign=top> <p>&nbsp;</p> </td>
<td width="95%" colspan="7" valign=top> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="4%" valign=top> <p><font size=2 face="Times New Roman">6.</font></p> </td>
<td width="95%" colspan="7" valign=top> <p><font size=2 face="Times New Roman">The registrant&#146;s other certifying officers and I have indicated in this quarterly report whether or not there were significant changes in internal controls or in
other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.</font></p> </td> </tr>
<tr>
<td width="4%" valign=top> <p>&nbsp;</p> </td>
<td width="95%" colspan="7" valign=top> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Date: </font></p> </td>
<td width="13%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">November 6, 2002</font></p> </td>
<td width="36%" valign=bottom> <p>&nbsp;</p> </td>
<td width="4%" valign=bottom> <p><font size=2 face="Times New Roman">BY:</font></p> </td>
<td width="32%" valign=bottom> <p align=center><font size=2 face="Times New Roman">/s/ KENNETH W. LOWE</font></p> </td>
<td width="7%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="13%" colspan="2" valign=bottom> </td>
<td width="36%" valign=bottom> <p>&nbsp;</p> </td>
<td width="4%" valign=bottom> <p>&nbsp;</p> </td>
<td width="32%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="55%" colspan="5" valign=bottom> <p>&nbsp;</p> </td>
<td width="4%" valign=bottom> <p>&nbsp;</p> </td>
<td width="32%" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Kenneth W. Lowe<br> President and Chief Executive Officer</b></font></p> </td>
<td width="7%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width=31></td>
<td width=10></td>
<td width=13></td>
<td width=83></td>
<td width=263></td>
<td width=34></td>
<td width=233></td>
<td width=54></td> </tr> </table> <p align=center><font size=2 face="Times New Roman">5<b><u><br clear=all> </u></b></font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="100%" colspan="8" valign=top> <p align=center><font size=2 face="Times New Roman"><b>CERTIFICATIONS</b></font></p> </td> </tr>
<tr>
<td width="100%" colspan="8" valign=top> </td> </tr>
<tr>
<td width="100%" colspan="8" valign=top> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="100%" colspan="8" valign=top> <p><font size=2 face="Times New Roman">I, Joseph G. NeCastro, certify that:</font></p> </td> </tr>
<tr>
<td width="100%" colspan="8" valign=top> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="4%" valign=top> <p><font size=2 face="Times New Roman">1.</font></p> </td>
<td width="95%" colspan="7" valign=top> <p><font size=2 face="Times New Roman">I have reviewed this quarterly report on Form 10-Q of The E.W. Scripps Company;</font></p> </td> </tr>
<tr>
<td width="4%" valign=top> <p>&nbsp;</p> </td>
<td width="95%" colspan="7" valign=top> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="4%" valign=top> <p><font size=2 face="Times New Roman">2.</font></p> </td>
<td width="95%" colspan="7" valign=top> <p><font size=2 face="Times New Roman">Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements
made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;</font></p> </td> </tr>
<tr>
<td width="4%" valign=top> <p>&nbsp;</p> </td>
<td width="95%" colspan="7" valign=top> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="4%" valign=top> <p><font size=2 face="Times New Roman">3.</font></p> </td>
<td width="95%" colspan="7" valign=top> <p><font size=2 face="Times New Roman">Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial
condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report;</font></p> </td> </tr>
<tr>
<td width="4%" valign=top> <p>&nbsp;</p> </td>
<td width="95%" colspan="7" valign=top> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="4%" valign=top> <p><font size=2 face="Times New Roman">4.</font></p> </td>
<td width="95%" colspan="7" valign=top> <p><font size=2 face="Times New Roman">The registrant&#146;s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act
Rules 13a-14 and 15d-14) for the registrant and we have:</font></p> </td> </tr>
<tr>
<td width="4%" valign=top> <p>&nbsp;</p> </td>
<td width="2%" colspan="2" valign=top> <p><font size=2 face="Times New Roman">a)</font></p> </td>
<td width="92%" colspan="5" valign=top> <p><font size=2 face="Times New Roman">designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to
us by others within those entities, particularly during the period in which this quarterly report is being prepared;</font></p> </td> </tr>
<tr>
<td width="4%" valign=top> <p>&nbsp;</p> </td>
<td width="2%" colspan="2" valign=top> <p><font size=2 face="Times New Roman">b)</font></p> </td>
<td width="92%" colspan="5" valign=top> <p><font size=2 face="Times New Roman">evaluated the effectiveness of the registrant&#146;s disclosure controls and procedures as of a date within 90 days prior to the filing date of this quarterly report (the
&#147;Evaluation Date&#148;); and</font></p> </td> </tr>
<tr>
<td width="4%" valign=top> <p>&nbsp;</p> </td>
<td width="2%" colspan="2" valign=top> <p><font size=2 face="Times New Roman">c)</font></p> </td>
<td width="92%" colspan="5" valign=top> <p><font size=2 face="Times New Roman">presented in this quarterly report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation
Date;</font></p> </td> </tr>
<tr>
<td width="4%" valign=top> <p>&nbsp;</p> </td>
<td width="2%" colspan="2" valign=top> <p>&nbsp;</p> </td>
<td width="92%" colspan="5" valign=top> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="4%" valign=top> <p><font size=2 face="Times New Roman">5.</font></p> </td>
<td width="95%" colspan="7" valign=top> <p><font size=2 face="Times New Roman">The registrant&#146;s other certifying officers and I have disclosed, based on our most recent evaluation, to the registrant&#146;s auditors and the audit committee of
registrant&#146;s board of directors (or persons performing the equivalent function):</font></p> </td> </tr>
<tr>
<td width="4%" valign=top> <p>&nbsp;</p> </td>
<td width="2%" colspan="2" valign=top> <p><font size=2 face="Times New Roman">a)</font></p> </td>
<td width="92%" colspan="5" valign=top> <p><font size=2 face="Times New Roman">all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant&#146;s ability to record, process, summarize and
report financial data and have identified for the registrant&#146;s auditors any material weaknesses in internal controls; and</font></p> </td> </tr>
<tr>
<td width="4%" valign=top> <p>&nbsp;</p> </td>
<td width="2%" colspan="2" valign=top> <p><font size=2 face="Times New Roman">b)</font></p> </td>
<td width="92%" colspan="5" valign=top> <p><font size=2 face="Times New Roman">any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#146;s internal controls; and</font></p>
</td> </tr>
<tr>
<td width="4%" valign=top> <p>&nbsp;</p> </td>
<td width="2%" colspan="2" valign=top> <p>&nbsp;</p> </td>
<td width="92%" colspan="5" valign=top> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="4%" valign=top> <p><font size=2 face="Times New Roman">6.</font></p> </td>
<td width="95%" colspan="7" valign=top> <p><font size=2 face="Times New Roman">The registrant&#146;s other certifying officers and I have indicated in this quarterly report whether or not there were significant changes in internal controls or in
other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.</font></p> </td> </tr>
<tr>
<td width="4%" valign=top> <p>&nbsp;</p> </td>
<td width="95%" colspan="7" valign=top> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="6%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Date:&#160; </font></p> </td>
<td width="14%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">November 6, 2002</font></p> </td>
<td width="34%" valign=bottom> <p>&nbsp;</p> </td>
<td width="3%" valign=bottom> <p><font size=2 face="Times New Roman">BY:</font></p> </td>
<td width="34%" valign=bottom> <p align=center><font size=2 face="Times New Roman">/s/ JOSEPH G. NECASTRO</font></p> </td>
<td width="6%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="6%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="14%" colspan="2" valign=bottom> </td>
<td width="34%" valign=bottom> <p>&nbsp;</p> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="34%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="6%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="55%" colspan="5" valign=bottom> <p>&nbsp;</p> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="34%" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Joseph G. NeCastro<br> Senior Vice President and Chief Financial Officer</b></font></p> </td>
<td width="6%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width=32></td>
<td width=15></td>
<td width=5></td>
<td width=100></td>
<td width=250></td>
<td width=27></td>
<td width=247></td>
<td width=47></td> </tr> </table> <p align=center><font size=2 face="Times New Roman">6</font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p align=center><font size=2 face="Times New Roman"><u><b>THE E. W. SCRIPPS COMPANY</b></u></font></p> <p align=center><font size=2 face="Times New Roman"><u>Index to Financial Information</u></font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="87%" colspan="2" valign=bottom> <p><font size=1 face="Times New Roman"><b>Item</b></font></p> </td>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Page</b></font></p> </td> </tr>
<tr>
<td width="87%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td> </tr>
<tr>
<td width="87%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">
<a href="#tx763_15">Consolidated Balance Sheets</a></font></p> </td>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">F-2</font></p> </td> </tr>
<tr>
<td width="87%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">
<a href="#tx763_16">Consolidated Statements of Income</a></font></p> </td>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">F-4</font></p> </td> </tr>
<tr>
<td width="87%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">
<a href="#tx763_17">Consolidated Statements of Cash Flows</a></font></p> </td>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">F-5</font></p> </td> </tr>
<tr>
<td width="87%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">
<a href="#tx763_18">Consolidated Statements of Comprehensive Income and Stockholders&#146; Equity</a></font></p> </td>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">F-6</font></p> </td> </tr>
<tr>
<td width="87%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">
<a href="#tx763_19">Condensed Notes to Consolidated Financial Statements</a></font></p> </td>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">F-7</font></p> </td> </tr>
<tr>
<td width="87%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">
<a href="#tx763_20">Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations</a></font></p> </td>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td> </tr>
<tr>
<td width="5%" valign=bottom> <p>&nbsp;</p> </td>
<td width="81%" valign=bottom> <p><font size=2 face="Times New Roman">
<a href="#tx763_21">Critical Accounting Policies and Estimates</a></font></p> </td>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">F-16</font></p> </td> </tr>
<tr>
<td width="5%" valign=bottom> <p>&nbsp;</p> </td>
<td width="81%" valign=bottom> <p><font size=2 face="Times New Roman">
<a href="#tx763_22">Forward-Looking Statements</a></font></p> </td>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">F-18</font></p> </td> </tr>
<tr>
<td width="5%" valign=bottom> <p>&nbsp;</p> </td>
<td width="81%" valign=bottom> <p><font size=2 face="Times New Roman">
<a href="#tx763_23">Results of Operations</a></font></p> </td>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">F-18</font></p> </td> </tr>
<tr>
<td width="5%" valign=bottom> <p>&nbsp;</p> </td>
<td width="81%" valign=bottom> <p><font size=2 face="Times New Roman">
<a href="#tx763_24">Newspapers</a></font></p> </td>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">F-21</font></p> </td> </tr>
<tr>
<td width="5%" valign=bottom> <p>&nbsp;</p> </td>
<td width="81%" valign=bottom> <p><font size=2 face="Times New Roman">
<a href="#tx763_25">Scripps Networks</a></font></p> </td>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">F-22</font></p> </td> </tr>
<tr>
<td width="5%" valign=bottom> <p>&nbsp;</p> </td>
<td width="81%" valign=bottom> <p><font size=2 face="Times New Roman">
<a href="#tx763_26">Broadcast Television</a></font></p> </td>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">F-24</font></p> </td> </tr>
<tr>
<td width="5%" valign=bottom> <p>&nbsp;</p> </td>
<td width="81%" valign=bottom> <p><font size=2 face="Times New Roman">
<a href="#tx763_27">Liquidity and Capital Resources</a></font></p> </td>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">F-25</font></p> </td> </tr>
<tr>
<td width="87%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">
<a href="#tx763_28">Quantitative and Qualitative Disclosures About Market Risk</a></font></p> </td>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">F-26</font></p> </td> </tr>
<tr>
<td width="87%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">
<a href="#tx763_29">Controls and Procedures</a></font></p> </td>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">F-27</font></p> </td> </tr> </table> <p align=center><font size=2 face="Times New Roman">F-1</font></p> <p><font size=2 face="Times New Roman"><BR> </font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="100%" colspan="12" valign=top> <p><font size=2 face="Times New Roman"><b>CONSOLIDATED BALANCE SHEETS
<a name="tx763_15"></a></b></font></p> </td> </tr>
<tr>
<td width="100%" colspan="12" valign=top>&nbsp;&nbsp; </td> </tr>
<tr>
<td width="59%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>September 30,<br> 2002</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>As of<br> December 31,<br> 2001</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>September 30,<br> 2001</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="2" valign=bottom> <p><font size=1 face="Times New Roman"><b><i>(in thousands)</i></b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>(Unaudited)</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>(Unaudited)</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman"><b>ASSETS</b></font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Current Assets:</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="57%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Cash and cash equivalents</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">34,361</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">17,419</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">15,332</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="57%" valign=bottom> <p><font size=2 face="Times New Roman">Accounts and notes receivable (less allowances -$18,323, $13,964, $14,304)</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">218,241</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">236,311</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">228,734</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="57%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Program rights and production costs</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">155,311</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">120,715</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">145,432</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="57%" valign=bottom> <p><font size=2 face="Times New Roman">Inventories</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">7,393</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">7,345</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">7,521</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="57%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Deferred income taxes</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">36,204</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">30,850</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">30,747</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="57%" valign=bottom> <p><font size=2 face="Times New Roman">Miscellaneous</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">38,272</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">38,018</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">36,217</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="57%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="57%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total current assets</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">489,782</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">450,658</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">463,983</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="57%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Investments</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">245,694</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">331,542</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">355,261</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Property, Plant and Equipment</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">406,312</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">394,677</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">387,438</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Goodwill</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,143,560</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,138,232</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,142,292</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Other Assets:</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="57%" valign=bottom> <p><font size=2 face="Times New Roman">Program rights and production costs (less current portion)</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">121,191</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">122,620</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">91,770</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="57%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Network distribution incentives</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">178,725</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">124,639</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">79,326</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="57%" valign=bottom> <p><font size=2 face="Times New Roman">Other intangible assets</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">62,391</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">64,959</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">66,167</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="57%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Miscellaneous</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">14,539</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">16,433</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">16,711</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="57%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="57%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total other assets</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">376,846</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">328,651</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">253,974</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="57%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman"><b>TOTAL ASSETS</b></font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2,662,194</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2,643,760</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2,602,948</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr> </table> <p><font size=2 face="Times New Roman"><i>See notes to consolidated financial statements.</i></font></p> <p align=center><font size=2 face="Times New Roman">F-2</font></p> <p><font
size=2 face="Times New Roman"><BR> </font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="100%" colspan="13" valign=top> <p><font size=2 face="Times New Roman"><b>CONSOLIDATED BALANCE SHEETS</b></font></p> </td> </tr>
<tr>
<td width="100%" colspan="13" valign=top>&nbsp;&nbsp; </td> </tr>
<tr>
<td width="59%" colspan="3" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>September 30,<br> 2002</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>As of<br> December 31,<br> 2001</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>September 30,<br> 2001</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="3" valign=bottom> <p><font size=1 face="Times New Roman"><i><b>(in thousands, except share data)</b></i></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>(Unaudited)</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>(Unaudited)</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="3" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="3" valign=bottom> <p><font size=2 face="Times New Roman"><b>LIABILITIES AND STOCKHOLDERS&#146; EQUITY</b></font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="3" valign=bottom> <p><font size=2 face="Times New Roman">Current Liabilities:</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="57%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Current portion of long-term debt</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">132,471</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">613,878</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">460,630</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="57%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Accounts payable</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">90,729</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">81,690</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">84,762</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="57%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Customer deposits and unearned revenue</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">29,584</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">29,381</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">32,686</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="57%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Accrued liabilities:</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="54%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Employee compensation and benefits</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">50,228</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">44,792</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">44,762</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="54%" valign=bottom> <p><font size=2 face="Times New Roman">Network distribution incentives</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">40,916</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">64,624</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">67,407</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="54%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Miscellaneous</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">57,292</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">71,146</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">85,056</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="54%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="57%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total current liabilities</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">401,220</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">905,511</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">775,303</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="57%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="3" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Deferred Income Taxes</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">142,471</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">146,989</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">155,941</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="3" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="3" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Long-Term Debt (less current portion)</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">512,967</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">109,966</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">209,814</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="3" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="3" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Other Long-Term Obligations and Minority Interests (less current portion)</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">137,255</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">129,394</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">127,953</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="3" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="3" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Stockholders&#146; Equity:</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="57%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Preferred stock, $.01 par - authorized:&#160; 25,000,000 shares; none outstanding</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="57%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Common stock, $.01 par:</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="54%" valign=bottom> <p><font size=2 face="Times New Roman">Class A - authorized:&#160; 120,000,000 shares;&#160; issued and outstanding: 61,367,470; 60,103,746; and 60,020,711 shares</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">614</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">601</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">600</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="54%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Voting - authorized:&#160; 30,000,000 shares; issued and outstanding:&#160; 18,616,913; 19,096,913; and 19,096,913 shares</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">186</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">191</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">191</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="54%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="57%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">800</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">792</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">791</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="57%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Additional paid-in capital</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">216,434</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">174,485</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">170,844</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="57%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Retained earnings</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,260,239</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,183,595</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,185,918</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="57%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Unrealized gains (losses) on securities available for sale</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(2,793</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">5,067</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(12,546</font></p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="57%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Foreign currency translation adjustment</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">20</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(554</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(203</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="57%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Unvested restricted stock awards</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(6,419</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(11,485</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(10,867</font></p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="57%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="57%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total stockholders&#146; equity</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,468,281</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,351,900</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,333,937</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="57%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="3" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman"><b>TOTAL LIABILITIES AND STOCKHOLDERS&#146; EQUITY</b></font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2,662,194</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2,643,760</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2,602,948</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="3" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width=17></td>
<td width=17></td>
<td width=396></td>
<td width=14></td>
<td width=7></td>
<td width=72></td>
<td width=14></td>
<td width=7></td>
<td width=72></td>
<td width=14></td>
<td width=7></td>
<td width=72></td>
<td width=11></td> </tr> </table> <p><font size=2 face="Times New Roman"><i>See notes to consolidated financial statements.</i></font></p> <p align=center><font size=2 face="Times New Roman">F-3</font></p> <p><font size=2 face="Times New Roman"><BR>
</font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="100%" colspan="15" valign=top> <p><font size=2 face="Times New Roman"><b>CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
<a name="tx763_16"></a></b></font></p> </td> </tr>
<tr>
<td width="100%" colspan="15" valign=top>&nbsp;&nbsp; </td> </tr>
<tr>
<td width="46%" colspan="2" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="24%" colspan="5" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Three months ended<br> September 30,</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="24%" colspan="5" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Nine months ended<br> September 30,</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="2" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="24%" colspan="5" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="24%" colspan="5" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="2" valign=bottom> <p><font size=1 face="Times New Roman"><i><b>(in thousands, except per share data)</b></i></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Operating Revenues:</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="43%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Advertising</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">273,160</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">247,617</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">833,342</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">804,841</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="43%" valign=bottom> <p><font size=2 face="Times New Roman">Circulation</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">33,566</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">34,850</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">103,385</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">105,090</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="43%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Network affiliate fees, net</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">20,902</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">14,509</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">59,410</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">43,257</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="43%" valign=bottom> <p><font size=2 face="Times New Roman">Licensing</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">16,082</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">14,269</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">50,348</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">49,520</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="43%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Share of joint operating agency profits</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">17,238</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">14,280</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">51,833</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">31,064</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="43%" valign=bottom> <p><font size=2 face="Times New Roman">Other</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">10,557</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">10,527</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">32,902</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">32,768</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="43%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="43%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total operating revenues</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">371,505</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">336,052</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,131,220</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,066,540</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Operating Expenses:</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="43%" valign=bottom> <p><font size=2 face="Times New Roman">Employee compensation and benefits</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">123,766</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">114,588</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">368,749</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">351,430</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="43%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Newsprint and ink</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">15,838</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">20,035</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">49,957</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">68,659</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="43%" valign=bottom> <p><font size=2 face="Times New Roman">Amortization of program rights and production costs</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">38,004</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">33,971</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">113,836</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">99,760</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="43%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Other operating expenses</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">84,452</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">82,721</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">267,569</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">274,892</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="43%" valign=bottom> <p><font size=2 face="Times New Roman">Depreciation</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">14,053</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">13,189</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">41,370</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">41,141</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="43%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Amortization of goodwill and other intangible assets</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">973</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">10,793</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2,967</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">32,323</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="43%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="43%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total operating expenses</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">277,086</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">275,297</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">844,448</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">868,205</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Operating Income</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">94,419</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">60,755</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">286,772</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">198,335</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Other Credits (Charges):</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="43%" valign=bottom> <p><font size=2 face="Times New Roman">Interest expense</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(7,843</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(8,417</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(21,064</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(31,737</font></p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="43%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Investment results, net of expenses</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(10,052</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(10,917</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(83,991</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">50,825</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="43%" valign=bottom> <p><font size=2 face="Times New Roman">Miscellaneous, net</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">675</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">240</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">57</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">1,073</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="43%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="43%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Net other credits (charges)</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(17,220</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(19,094</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(104,998</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">20,161</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Income Before Taxes and Minority Interests</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">77,199</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">41,661</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">181,774</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">218,496</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Provision for Income Taxes</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">30,622</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">18,023</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">66,575</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">87,249</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Income Before Minority Interests</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">46,577</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">23,638</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">115,199</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">131,247</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Minority Interests</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">901</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">1,005</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">2,687</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">2,826</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Net Income</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">45,676</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">22,633</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">112,512</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">128,421</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Net Income per Share of Common Stock:</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="43%" valign=bottom> <p><font size=2 face="Times New Roman">Basic</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">.57</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">.29</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">1.42</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">1.63</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="43%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Diluted</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">.57</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">.28</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1.40</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1.61</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr> </table> <p><font size=2 face="Times New Roman"><i>See notes to consolidated financial statements.</i></font></p> <p align=center><font size=2 face="Times New Roman">F-4</font></p> <p><font
size=2 face="Times New Roman"><BR> </font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="100%" colspan="9" valign=top> <p><font size=2 face="Times New Roman"><b>CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
<a name="tx763_17"></a></b></font></p> </td> </tr>
<tr>
<td width="100%" colspan="9" valign=top>&nbsp;&nbsp; </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="24%" colspan="5" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Nine months ended<br> September 30,</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="24%" colspan="5" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom> <p><font size=1 face="Times New Roman"><i><b>(in thousands)</b></i></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Cash Flows from Operating Activities:</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Net income</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">112,512</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">128,421</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Adjustments to reconcile net income to net cash flows from operating activities:</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="69%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Depreciation and amortization</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">44,337</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">72,990</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="69%" valign=bottom> <p><font size=2 face="Times New Roman">Net investment results and other nonrecurring items</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">44,938</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(37,099</font></p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="69%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Deferred income taxes</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">22,852</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">18,823</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="69%" valign=bottom> <p><font size=2 face="Times New Roman">Tax benefits of stock compensation plans</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">13,453</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">8,903</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="69%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Dividends received greater than share of profits of JOAs and equity method investments</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">7,896</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">19,572</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="69%" valign=bottom> <p><font size=2 face="Times New Roman">Stock and deferred compensation plans</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">6,755</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">1,641</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="69%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Minority interests in income of subsidiary companies</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2,687</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2,826</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="69%" valign=bottom> <p><font size=2 face="Times New Roman">Affiliate fees billed greater than amounts recognized as revenue</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">9,686</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">16,578</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="69%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Network launch incentive payments</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(89,017</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(13,668</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="69%" valign=bottom> <p><font size=2 face="Times New Roman">Payments for programming less (greater) than program cost amortization </font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(13,257</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(23,516</font></p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="69%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Other changes in certain working capital accounts, net</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">9,987</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">15,445</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="69%" valign=bottom> <p><font size=2 face="Times New Roman">Miscellaneous, net</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">3,337</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">4,593</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Net operating activities</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">176,166</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">215,509</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Cash Flows from Investing Activities:</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Additions to property, plant and equipment</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(53,300</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(46,054</font></p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Purchase of subsidiary companies and long-term investments</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(19,581</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(33,595</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Investments in Denver JOA</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(62,117</font></p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Sale of investments</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">280</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">14,694</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Miscellaneous, net</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">3,974</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">1,508</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Net investing activities</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(68,627</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(125,564</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Cash Flows from Financing Activities:</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Increase in long-term debt</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">202,446</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">8,059</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Payments on long-term debt</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(280,909</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(52,249</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Dividends paid</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(35,868</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(35,641</font></p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Dividends paid to minority interests</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(1,175</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(1,176</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Repurchase Class A Common shares</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(20,671</font></p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Miscellaneous, net (primarily employee stock options)</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">24,909</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">12,953</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Net financing activities</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(90,597</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(88,725</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Increase in Cash and Cash Equivalents</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">16,942</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,220</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Cash and Cash Equivalents:</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Beginning of year</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">17,419</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">14,112</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">End of period</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">34,361</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">15,332</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Supplemental Cash Flow Disclosures:</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="69%" valign=bottom> <p><font size=2 face="Times New Roman">Interest paid, excluding amounts capitalized</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">16,778</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">27,946</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="69%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Income taxes paid</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">80,012</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">26,964</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="69%" valign=bottom> <p><font size=2 face="Times New Roman">Denver newspaper assets contributed to JOA</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">160,064</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr> </table> <p><font size=2 face="Times New Roman"><i>See notes to consolidated financial statements.</i></font></p> <p align=center><font size=2 face="Times New Roman">F-5</font></p> <p><font
size=2 face="Times New Roman"><BR> </font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="100%" colspan="30" valign=top> <p><font size=2 face="Times New Roman"><b>CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME AND STOCKHOLDERS&#146; EQUITY (UNAUDITED)
<a name="tx763_18"></a></b></font></p> </td> </tr>
<tr>
<td width="100%" colspan="30" valign=top>&nbsp;&nbsp; </td> </tr>
<tr>
<td width="22%" colspan="8" valign=bottom> <p><font size=1 face="Times New Roman"><i><b>(in thousands, except share data)</b></i></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Common<br> Stock</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Additional<br> Paid-in<br> Capital</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Retained<br> Earnings</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Accumulated<br> Other<br> Comprehensive<br> Income</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Unvested<br> Restricted<br> Stock<br> Awards</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Total<br> Stockholders&#146;<br> Equity</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Comprehensive<br> Income for the<br> Three Months<br> Ended Sept. 30</b></font></p> </td>
<td width="0%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="22%" colspan="8" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="22%" colspan="8" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">As of December 31, 2000</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">787</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">157,394</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,093,138</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">32,238</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(5,747</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,277,810</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p align=center>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=center>&nbsp;</p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="22%" colspan="8" valign=bottom> <p><font size=2 face="Times New Roman">Comprehensive income:</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="3%" colspan="7" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="19%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Net income</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">128,421</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">128,421</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">22,633</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="22%" colspan="8" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="3%" colspan="6" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="19%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Unrealized gains (losses), net of tax of $3,065 and ($16,590)</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">6,116</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">6,116</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(30,407</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="2%" colspan="5" valign=bottom> <p>&nbsp;</p> </td>
<td width="19%" colspan="3" valign=bottom> <p><font size=2 face="Times New Roman">Adjustment for losses (gains) in income, net of tax of ($27,213) and ($48)</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(50,539</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(50,539</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(89</font></p> </td>
<td width="0%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="2%" colspan="4" valign=bottom> <p>&nbsp;</p> </td>
<td width="19%" colspan="4" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" colspan="3" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="19%" colspan="5" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Increase (decrease) in unrealized gains (losses)</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(44,423</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(44,423</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(30,496</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="2%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="19%" colspan="6" valign=bottom> <p><font size=2 face="Times New Roman">Currency translation</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(564</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(564</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(145</font></p> </td>
<td width="0%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="2%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="19%" colspan="6" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" colspan="2" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="19%" colspan="6" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">128,421</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(44,987</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">83,434</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(8,008</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="22%" colspan="8" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="22%" colspan="8" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Dividends:&#160; declared and paid - $.45 per share</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(35,641</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(35,641</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="22%" colspan="8" valign=bottom> <p><font size=2 face="Times New Roman">Repurchase 352,200 Class A Common Shares</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(4</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(20,667</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(20,671</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="22%" colspan="8" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Compensation plans, net: 843,008 shares issued; 109,425 shares repurchased; 2,500 shares forfeited</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">8</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">25,214</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(5,120</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">20,102</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="22%" colspan="8" valign=bottom> <p><font size=2 face="Times New Roman">Tax benefits of compensation plans</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">8,903</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">8,903</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="22%" colspan="8" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="22%" colspan="8" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">As of September 30, 2001</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">791</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">170,844</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,185,918</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(12,749</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(10,867</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,333,937</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="22%" colspan="8" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="22%" colspan="8" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">As of December 31, 2001</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">792</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">174,485</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,183,595</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">4,513</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(11,485</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,351,900</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="22%" colspan="8" valign=bottom> <p><font size=2 face="Times New Roman">Comprehensive income:</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="19%" colspan="7" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Net income</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">112,512</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">112,512</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">45,676</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="19%" colspan="7" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="19%" colspan="7" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Unrealized gains (losses), net of tax of ($4,170) and ($2,381)</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(7,768</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(7,768</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(4,480</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="19%" colspan="7" valign=bottom> <p><font size=2 face="Times New Roman">Adjustment for losses (gains) in income, net of tax of ($50) and ($15)</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(92</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(92</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(28</font></p> </td>
<td width="0%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="19%" colspan="7" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="19%" colspan="7" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Increase (decrease) in unrealized gains (losses)</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(7,860</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(7,860</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(4,508</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="19%" colspan="7" valign=bottom> <p><font size=2 face="Times New Roman">Currency translation, net of tax of $112 and $67</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">574</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">574</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">15</font></p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="19%" colspan="7" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="19%" colspan="7" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">112,512</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(7,286</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">105,226</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">41,183</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="22%" colspan="8" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="22%" colspan="8" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Dividends:&#160; declared and paid - $.45 per share</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(35,868</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(35,868</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="22%" colspan="8" valign=bottom> <p><font size=2 face="Times New Roman">Convert 480,000 Voting Shares to Class A Common Shares</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="22%" colspan="8" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Compensation plans, net:&#160; 821,631 shares issued; 37,307 shares repurchased; 600 shares forfeited</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">8</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">28,496</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">5,066</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">33,570</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="22%" colspan="8" valign=bottom> <p><font size=2 face="Times New Roman">Tax benefits of compensation plans</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">13,453</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">13,453</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="22%" colspan="8" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="22%" colspan="8" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">As of September 30, 2002</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">800</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">216,434</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,260,239</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(2,773</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(6,419</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,468,281</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="22%" colspan="8" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width=20></td>
<td width=0></td>
<td width=0></td>
<td width=0></td>
<td width=0></td>
<td width=1></td>
<td width=1></td>
<td width=137></td>
<td width=14></td>
<td width=7></td>
<td width=61></td>
<td width=14></td>
<td width=7></td>
<td width=58></td>
<td width=14></td>
<td width=7></td>
<td width=58></td>
<td width=14></td>
<td width=7></td>
<td width=58></td>
<td width=14></td>
<td width=7></td>
<td width=58></td>
<td width=14></td>
<td width=7></td>
<td width=58></td>
<td width=14></td>
<td width=7></td>
<td width=58></td>
<td width=2></td> </tr> </table> <p><font size=2 face="Times New Roman"><i>See notes to consolidated financial statements.</i></font></p> <p align=center><font size=2 face="Times New Roman">F-6</font></p> <p><font size=2 face="Times New Roman"><BR>
</font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="100%" valign=top> <p><font size=2 face="Times New Roman"><b>CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
<a name="tx763_19"></a></b></font></p> </td> </tr>
<tr>
<td width="100%" valign=top>&nbsp;&nbsp; </td> </tr> </table> <p><font size=2 face="Times New Roman"><b>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</b></font></p> <p><font size=2 face="Times New Roman"><b>Basis of
Presentation</b> - The condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and
Rule&nbsp;10-01 of Regulation S-X.&#160; The information disclosed in the notes to consolidated financial statements included in the Company&#146;s Annual Report on Form&nbsp;10-K for the year ended December 31, 2001, has not changed materially
unless otherwise disclosed herein.&#160; Financial information as of December 31, 2001, included in these financial statements has been derived from the audited consolidated financial statements included in that report.&#160; In management&#146;s
opinion all adjustments (consisting of normal recurring accruals) necessary for a fair presentation of the interim periods have been made.</font></p> <p><font size=2 face="Times New Roman">Results of operations are not necessarily indicative of the
results that may be expected for future interim periods or for the full year.</font></p> <p><font size=2 face="Times New Roman"><b>Use of Estimates</b> - Preparation of the financial statements requires the use of estimates.&#160; The Company&#146;s
financial statements include estimates for such items as self-insured risks and income taxes payable.&#160; The Company self-insures for employees&#146; medical and disability income benefits, workers&#146; compensation and general liability.&#160;
The recorded liability for self-insured risks is calculated using actuarial methods and is not discounted.&#160; The recorded liability for self-insured risks totaled $20.6&nbsp;million at September 30, 2002.&#160; Management does not believe it is
likely that its estimates for self-insured risks will change materially in the near term.&#160; </font></p> <p><font size=2 face="Times New Roman">The Company reached agreement with the Internal Revenue Service (&#147;IRS&#148;) to settle the audit
of its 1992 through 1995 consolidated federal income tax returns in the second quarter of 2002.&#160; As a result, the Company reduced its estimated liability for prior year income taxes by $8.0 million.&#160; The Company&#146;s 1996 through 2001
consolidated federal income tax returns are currently under examination by the IRS.&#160; Management believes that adequate provision has been made for all open years.</font></p> <p><font size=2 face="Times New Roman"><b>Joint Operating Agencies</b>
- The joint operating agency (&#147;JOA&#148;) between the Company&#146;s Denver Rocky Mountain News (&#147;RMN&#148;) and MediaNews Group Inc.&#146;s Denver Post was approved by the U.S. Attorney General in January 2001.&#160; The 50-year agreement
created a new entity called the Denver Newspaper Agency L.L.P., which is 50% owned by each partner.&#160; Both partners contributed certain assets used in the operations of their newspapers to the new entity.&#160; In addition, the Company paid $60
million to MediaNews Group Inc.&#160; The JOA commenced operations on January 22, 2001.&#160; </font></p> <p><font size=2 face="Times New Roman"><b>Net Income Per Share</b> - The following table presents additional information about basic and
diluted weighted-average shares outstanding:</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="55%" colspan="3" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="19%" colspan="5" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Three months ended<br> September 30,</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="19%" colspan="5" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Nine months ended<br> September 30,</b></font></p> </td>
<td width="0%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="55%" colspan="3" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="19%" colspan="5" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="19%" colspan="5" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="55%" colspan="3" valign=bottom> <p><font size=1 face="Times New Roman"><i><b>(in thousands)</b></i></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="0%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="55%" colspan="3" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="55%" colspan="3" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Basic weighted-average shares outstanding</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">79,661</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">78,977</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">79,408</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">78,847</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="55%" colspan="3" valign=bottom> <p><font size=2 face="Times New Roman">Effect of dilutive securities:</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="52%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Unvested restricted stock held by employees</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">160</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">180</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">161</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">162</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="52%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Stock options held by employees and directors</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">847</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">1,010</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">985</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">1,002</font></p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="52%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="55%" colspan="3" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Diluted weighted-average shares outstanding</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">80,668</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">80,167</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">80,554</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">80,011</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="55%" colspan="3" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width=16></td>
<td width=6></td>
<td width=376></td>
<td width=14></td>
<td width=7></td>
<td width=58></td>
<td width=14></td>
<td width=7></td>
<td width=58></td>
<td width=14></td>
<td width=7></td>
<td width=58></td>
<td width=14></td>
<td width=7></td>
<td width=58></td>
<td width=6></td> </tr> </table> <p align=center><font size=2 face="Times New Roman">F-7</font></p> <p><font size=2 face="Times New Roman"><b><BR> </b></font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"><b>Goodwill and Other Intangible Assets </b>- The Company adopted Financial Accounting Standard (&#147;FAS&#148;) No. 142 - Goodwill and Other Intangible Assets effective January
1, 2002.&#160; Recorded goodwill and intangible assets with indefinite lives are no longer amortized, but instead are tested for impairment at least annually.&#160; Other intangible assets are reviewed for impairment in accordance with FAS No.
144.&#160; The Company has determined that there was no impairment of goodwill or other intangible assets on the date of adoption of FAS No. 142.&#160; </font></p> <p><font size=2 face="Times New Roman">If the non-amortization provisions of FAS No.
142 had been effective in 2001, reported results of operations would have been as follows:</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="20%" colspan="2" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="37%" colspan="8" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Three months ended<br> September 30, 2001</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="37%" colspan="8" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Nine months ended<br> September 30, 2001</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="20%" colspan="2" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="37%" colspan="8" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="37%" colspan="8" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="20%" colspan="2" valign=bottom> <p><font size=1 face="Times New Roman"><i><b>(in thousands, except per share data)</b></i></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Net<br> Income</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Basic<br> EPS</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Diluted<br> EPS</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Net<br> Income</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Basic<br> EPS</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Diluted<br> EPS</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="20%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="20%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">As reported</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">22,633</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">0.29</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">0.28</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">128,421</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1.63</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1.61</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="20%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Add back amortization of:</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="18%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Goodwill</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">6,882</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">.09</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">.09</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">20,481</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">.26</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">.26</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="18%" valign=bottom> <p><font size=2 face="Times New Roman">FCC licenses</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">117</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">352</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="18%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Network affiliation and other</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">58</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">174</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="20%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="20%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">As adjusted</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">29,690</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">0.38</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">0.37</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">149,428</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1.90</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1.87</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="20%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr> </table> <p><font size=2 face="Times New Roman"><b>Reclassifications -</b> For comparative purposes, certain 2001 amounts have been reclassified to conform to 2002 classifications.</font></p>
<p align=center><font size=2 face="Times New Roman">F-8</font></p> <p><font size=2 face="Times New Roman"><BR> </font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"><b>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ACQUISITIONS AND DIVESTITURES</b></font></p> <p><font size=2 face="Times New Roman"><u><b>Acquisitions</b></u></font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="5%" valign=top> <p><font size=2 face="Times New Roman"><u><b>2002</b></u></font></p> </td>
<td width="1%" valign=top> <p><font size=2 face="Times New Roman">-</font></p> </td>
<td width="94%" valign=top> <p><font size=2 face="Times New Roman">In the first quarter the Company acquired an additional 1% interest in The Television Food Network (&#147;Food Network&#148;) for $5.2 million in cash, increasing the Company&#146;s
residual interest in Food Network to 69%.</font></p> </td> </tr>
<tr>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="1%" valign=top> <p>&nbsp;</p> </td>
<td width="94%" valign=top> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="1%" valign=top> <p>&nbsp;</p> </td>
<td width="94%" valign=top> <p><font size=2 face="Times New Roman">In the third quarter the Company reached an agreement to acquire a 70% controlling interest in the Shop At Home television-retailing network for $49.5 million.&#160; The transaction
was completed on October 31, 2002.</font></p> </td> </tr>
<tr>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="1%" valign=top> <p>&nbsp;</p> </td>
<td width="94%" valign=top> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="5%" valign=top> <p><font size=2 face="Times New Roman"><u><b>2001</b></u></font></p> </td>
<td width="1%" valign=top> <p><font size=2 face="Times New Roman">-</font></p> </td>
<td width="94%" valign=top> <p><font size=2 face="Times New Roman">In the first quarter the Company acquired an additional 3% interest in Food Network for $14.4 million.&#160; In the fourth quarter the Company acquired an additional 1% interest in
Food Network for $5.0 million.</font></p> </td> </tr> </table> <p><font size=2 face="Times New Roman">The acquisitions have been accounted for as purchases. </font></p> <p><font size=2
face="Times New Roman"><b>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UNUSUAL CREDITS AND CHARGES</b></font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="5%" valign=top> <p><font size=2 face="Times New Roman"><u><b>2002</b></u> </font></p> </td>
<td width="1%" valign=top> <p><font size=2 face="Times New Roman">-</font></p> </td>
<td width="94%" valign=top> <p><font size=2 face="Times New Roman">Net investment results decreased net income $6.5 million ($.08 per share) in the quarter and $54.6 million ($.68&nbsp;per&nbsp;share) year-to-date. Included in net investment results
for the quarter were $9.6 million in write-downs of investments.&#160; Year-to-date investment results include $3.6 million of costs associated with winding down the Scripps Ventures I and II investment funds and $78.6 million of investment
write-downs.&#160; Investment write-downs include $35.1 million due to the decline in value of the Company&#146;s investment in AOL Time Warner (&#147;AOL&#148;) and $22.2&nbsp;million due to the decline in value of the Scripps Ventures investment
portfolios.</font></p> </td> </tr>
<tr>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="1%" valign=top> <p>&nbsp;</p> </td>
<td width="94%" valign=top> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="1%" valign=top> <p>&nbsp;</p> </td>
<td width="94%" valign=top> <p><font size=2 face="Times New Roman">The reduction in the estimated liability for prior year income taxes increased net income by $8.0 million ($.10&nbsp;per&nbsp;share) in the year-to-date period.</font></p> </td>
</tr>
<tr>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="1%" valign=top> <p>&nbsp;</p> </td>
<td width="94%" valign=top> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="1%" valign=top> <p>&nbsp;</p> </td>
<td width="94%" valign=top> <p><font size=2 face="Times New Roman">The combined effect of the above items was to decrease third quarter 2002 net income by $6.5 million ($.08&nbsp;per&nbsp;share) and to decrease year-to-date 2002 net income by $46.6
million ($.58 per share).</font></p> </td> </tr>
<tr>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="1%" valign=top> <p>&nbsp;</p> </td>
<td width="94%" valign=top> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="5%" valign=top> <p><font size=2 face="Times New Roman"><u><b>2001</b></u> </font></p> </td>
<td width="1%" valign=top> <p><font size=2 face="Times New Roman">-</font></p> </td>
<td width="94%" valign=top> <p><font size=2 face="Times New Roman">Net investment results decreased net income $6.9 million ($.09 per share) in the quarter and increased net income $33.5 million ($.42&nbsp;per&nbsp;share) year-to-date.&#160; Third
quarter net investment results include $12.4 million in write-downs for several investments, and&nbsp;a $3.1&nbsp;million decrease in accrued incentive compensation. Year-to-date realized gains totaled $77.8&nbsp;million, including $65.9 million on
the exchange of the Company&#146;s investment in Time Warner for America Online, which acquired Time Warner, in January 2001 and an $11.7 million gain on the sale of a portion of the Company&#146;s investment in Centra Software.&#160; Write-downs
totaled $35.0 million in the year-to-date period, while accrued incentive compensation decreased $11.5&nbsp;million, to zero.</font></p> </td> </tr>
<tr>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="1%" valign=top> <p>&nbsp;</p> </td>
<td width="94%" valign=top> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="1%" valign=top> <p>&nbsp;</p> </td>
<td width="94%" valign=top> <p><font size=2 face="Times New Roman">Costs associated with workforce reductions, including the Company&#146;s share of such costs at the Denver JOA, reduced operating income $1.5 million in the third quarter and $12.7
million year-to-date.&#160; Net income was reduced $0.9&nbsp;million ($.01 per share) in the third quarter and $8.0 million ($.10 per share) year-to-date.</font></p> </td> </tr>
<tr>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="1%" valign=top> <p>&nbsp;</p> </td>
<td width="94%" valign=top> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="1%" valign=top> <p>&nbsp;</p> </td>
<td width="94%" valign=top> <p><font size=2 face="Times New Roman">The combined effect of the above items was to reduce third quarter 2001 net income $7.9 million ($.10 per share) and to increase 2001 year-to-date net income $25.5 million ($.32 per
share).</font></p> </td> </tr> </table> <p align=center><font size=2 face="Times New Roman">F-9</font></p> <p><font size=2 face="Times New Roman"><b><BR> </b></font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"><b>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LONG-TERM DEBT</b></font></p> <p><font size=2 face="Times New Roman">Long-term debt consisted of the following:</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="59%" valign=bottom> <p><font size=1 face="Times New Roman"><i><b>(in thousands)</b></i></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>September 30,<br> 2002</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>As of<br> December 31,<br> 2001</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>September 30,<br> 2001</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Variable rate credit facilities</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">232,391</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">513,855</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">460,590</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" valign=bottom> <p><font size=2 face="Times New Roman">$200 million, 5.750% notes, due in 2012</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">198,777</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$100 million, 6.375% notes, due in 2002</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">99,998</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">99,983</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">99,978</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" valign=bottom> <p><font size=2 face="Times New Roman">$100 million, 6.625% notes, due in 2007</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">99,926</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">99,916</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">99,912</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Other notes</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">14,346</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">10,090</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">9,964</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total long-term debt</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">645,438</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">723,844</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">670,444</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" valign=bottom> <p><font size=2 face="Times New Roman">Current portion of long-term debt</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">132,471</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">613,878</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">460,630</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Long-term debt (less current portion)</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">512,967</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">109,966</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">209,814</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr> </table> <p><font size=2 face="Times New Roman">The Company has Competitive Advance and Revolving Credit Facilities (the &#147;Revolver&#148;) and a commercial paper program that collectively
permit aggregate borrowings up to $600 million (the &#147;Variable Rate Credit Facilities&#148;).&#160; The Revolver consists of two facilities, one permitting $400 million in aggregate borrowings expiring in August 2003 and the second a $200
million facility expiring in August 2007.&#160; Borrowings under the Revolver are available on a committed revolving credit basis at the Company&#146;s choice of three short-term rates or through an auction procedure at the time of each
borrowing.&#160; The Revolver is primarily used as credit support for the commercial paper program in lieu of direct borrowings under the Revolver.&#160; The weighted-average interest rates on the Variable Rate Credit Facilities were 1.8% at
September 30, 2002, 2.0%&nbsp;at&nbsp;December&nbsp;31,&nbsp;2001, and 3.2 % at September&nbsp;30,&nbsp;2001.</font></p> <p><font size=2 face="Times New Roman">In July 2002 the Company issued $200 million of 5.75% notes due in 2012.&#160; The
proceeds from the note issuance were used to reduce the Company&#146;s commercial paper borrowings.&#160; In October 2002 the Company repaid the $100 million, 6.375%&nbsp;notes due in 2002.</font></p> <p align=center><font size=2
face="Times New Roman">F-10</font></p> <p><font size=2 face="Times New Roman"><b><BR> </b></font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"><b>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;INVESTMENTS</b></font></p> <p><font size=2 face="Times New Roman">Investments consisted of the following:</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="59%" colspan="2" valign=bottom> <p><font size=1 face="Times New Roman"><i><b>(in thousands, except share data)</b></i></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>September 30,<br> 2002</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>As of<br> December 31,<br> 2001</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>September 30,<br> 2001</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Securities available for sale (at market value):</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="56%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">AOL Time Warner (2,017,000 common shares)</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">23,597</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">64,740</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">66,757</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="56%" valign=bottom> <p><font size=2 face="Times New Roman">Centra Software (700,500 common shares)</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">869</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">5,604</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">5,996</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="56%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Other</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">3,354</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">4,213</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">3,483</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="56%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total available-for-sale securities</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">27,820</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">74,557</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">76,236</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Denver newspaper JOA</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">189,183</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">198,527</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">202,944</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">FOX SportSouth and other joint ventures</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">6,969</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">6,744</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">8,706</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Other equity investments</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">21,722</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">51,714</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">67,375</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total investments</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">245,694</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">331,542</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">355,261</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="59%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Unrealized gains (losses) on securities available for sale</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(4,188</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">7,793</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(19,529</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="59%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr> </table> <p><font size=2 face="Times New Roman">Investments available for sale represent securities in publicly traded companies.&#160; Investments available for sale are recorded at fair
value.&#160; Fair value is based upon the closing price of the security on the reporting date. </font></p> <p><font size=2 face="Times New Roman">Other equity investments include securities of start-up enterprises that do not trade in public
markets, so they do not have readily determinable fair values.&#160; Management estimates the fair value of these securities approximates their carrying value at September 30, 2002, however, many of the investees have not issued new equity in the
past two years.&#160; There can be no assurance that the Company would realize the carrying value of these securities upon their sale.</font></p> <p><font size=2 face="Times New Roman">During the second quarter of 2002, the Company ceased active
management of Scripps Ventures Funds I and II (&#147;Scripps Ventures&#148;).&#160; Scripps Ventures invested approximately $100 million in new businesses focusing primarily on new media technology.&#160; The carrying value of the portfolio was $4.5
million as of September 30, 2002.</font></p> <p align=center><font size=2 face="Times New Roman">F-11</font></p> <p><font size=2 face="Times New Roman"><b><BR> </b></font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"><b>6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SEGMENT INFORMATION</b></font></p> <p><font size=2 face="Times New Roman">Financial information for the Company&#146;s business segments is as
follows:</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="46%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="24%" colspan="5" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Three months ended<br> September 30,</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="24%" colspan="5" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Nine months ended<br> September 30,</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=1 face="Times New Roman"><i><b>(in thousands)</b></i></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">OPERATING REVENUES</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Newspapers</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">180,239</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">177,975</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">554,044</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">549,425</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">Scripps Networks</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">97,069</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">77,056</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">296,737</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">252,911</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Broadcast television</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">72,745</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">61,121</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">213,987</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">201,241</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">Licensing and other media</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">21,452</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">19,900</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">66,452</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">67,012</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">371,505</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">336,052</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,131,220</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,070,589</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">Unusual item</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(4,049</font></p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Per consolidated financial statements</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">371,505</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">336,052</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,131,220</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,066,540</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">EBITDA</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">Newspapers</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">60,706</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">58,200</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">195,039</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">172,482</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Scripps Networks</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">29,872</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">17,647</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">82,722</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">60,061</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">Broadcast television</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">20,621</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">12,478</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">61,398</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">53,820</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Licensing and other media</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">4,493</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2,513</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">13,237</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">11,154</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">Corporate</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(6,247</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(4,561</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(21,287</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(13,465</font></p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">109,445</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">86,277</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">331,109</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">284,052</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">Unusual items</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(1,540</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(12,253</font></p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">109,445</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">84,737</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">331,109</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">271,799</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">DEPRECIATION</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">Newspapers</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">6,337</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">6,316</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">19,056</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">19,546</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Scripps Networks</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2,239</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,582</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">6,527</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">5,425</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">Broadcast television</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">4,938</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">4,794</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">14,355</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">14,786</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Licensing and other media</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">199</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">232</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">583</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">616</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">Corporate</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">340</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">265</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">849</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">705</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">14,053</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">13,189</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">41,370</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">41,078</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">Unusual items</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">63</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Per consolidated financial statements</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">14,053</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">13,189</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">41,370</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">41,141</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">AMORTIZATION OF INTANGIBLE ASSETS</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">Newspapers</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">170</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">212</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">507</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">469</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Scripps Networks</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">771</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">944</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2,365</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2,824</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">Broadcast television</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">32</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">48</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">95</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">75</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">973</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,204</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2,967</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">3,368</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">Amortization of goodwill and intangible assets with indefinite lives</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">9,589</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">28,544</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Unusual items</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">411</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Per consolidated financial statements</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">973</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">10,793</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2,967</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">32,323</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">OPERATING INCOME</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">Newspapers</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">54,199</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">51,672</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">175,476</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">152,467</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Scripps Networks</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">26,862</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">15,121</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">73,830</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">51,812</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">Broadcast television</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">15,651</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">7,636</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">46,948</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">38,959</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Licensing and other media</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">4,294</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2,281</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">12,654</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">10,538</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">Corporate</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(6,587</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(4,826</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(22,136</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(14,170</font></p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">94,419</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">71,884</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">286,772</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">239,606</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">Amortization of goodwill and intangible assets with indefinite lives</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(9,589</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(28,544</font></p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Unusual items</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(1,540</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(12,727</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Per consolidated financial statements</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">94,419</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">60,755</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">286,772</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">198,335</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr> </table> <p align=center><font size=2 face="Times New Roman">F-12</font></p> <p><font size=2 face="Times New Roman"><BR> </font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="46%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="24%" colspan="5" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Three months ended<br> September 30,</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="24%" colspan="5" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Nine months ended<br> September 30,</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=1 face="Times New Roman"><i><b>(in thousands)</b></i></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">ADDITIONS TO PROPERTY, PLANT AND EQUIPMENT</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Newspapers</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">7,044</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">8,334</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">27,304</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">24,097</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">Scripps Networks</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">3,917</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">5,523</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">9,835</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">10,812</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Broadcast television</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">4,912</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2,951</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">12,920</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">10,295</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">Licensing and other media</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">146</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">21</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">228</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">301</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Corporate</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">518</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">130</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">3,013</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">549</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Per consolidated financial statements</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">16,537</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">16,959</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">53,300</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">46,054</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">BUSINESS ACQUISITIONS AND OTHER ADDITIONS TO LONG-LIVED ASSETS</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">Newspapers</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">390</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">80</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">454</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">63,796</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Scripps Networks</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">20,334</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">18,070</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">70,566</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">45,920</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">Broadcast television</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">20</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">27</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Venture capital and other investments</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">7,801</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">8,623</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">13,872</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">15,995</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">28,525</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">26,773</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">84,912</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">125,738</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">ASSETS</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">Newspapers</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">1,263,725</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">1,282,028</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Scripps Networks</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">726,637</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">576,627</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">Broadcast television</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">502,800</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">499,407</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Licensing and other media</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">24,787</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">29,595</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">Venture capital and other investments</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">50,089</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">143,687</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Corporate</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">94,156</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">71,604</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Per consolidated financial statements</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2,662,194</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2,602,948</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr> </table> <p><font size=2 face="Times New Roman">Other additions to long-lived assets include investments and launch incentives capitalized.&#160; Corporate assets are primarily cash, cash
equivalent and other short-term investments, and refundable and deferred income taxes.</font></p> <p align=center><font size=2 face="Times New Roman">F-13</font></p> <p><font size=2 face="Times New Roman"><b><BR> </b></font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"><b>7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;STOCK COMPENSATION PLANS</b></font></p> <p><font size=2 face="Times New Roman">The Company&#146;s Long-Term Incentive Plans (the
&#147;Plans&#148;) provide for the award of incentive and nonqualified stock options with 10-year terms, stock appreciation rights, performance units and restricted and unresticted Class A Common Shares to key employees and directors.&#160; The
Plans expire in 2007, except for awards then outstanding.&#160; </font></p> <p><font size=2 face="Times New Roman">Stock options may be awarded to purchase Class A Common Shares at not less than 100% of the fair market value on the date the option
is granted.&#160; Stock options vest over an incentive period, conditioned upon the individual&#146;s employment throughout that period.&#160; The following table presents information about stock options:</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="33%" colspan="2" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="31%" colspan="8" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Nine months ended September 30, 2002</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="30%" colspan="8" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Nine months ended September 30, 2001</b></font></p> </td>
<td width="0%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Number<br> of<br> Shares</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Weighted<br> Average<br> Exercise Price</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Range of<br> Exercise<br> Prices</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Number<br> of<br> Shares</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Weighted<br> Average<br> Exercise Price</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Range of<br> Exercise<br> Prices</b></font></p> </td>
<td width="0%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Options granted during the period</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,087,300</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">75.26</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">73 - 78</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,088,750</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">64.24</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">58 - 70</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Options exercised during the period</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">760,562</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">29.96</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">15 - 67</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">649,276</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">27.32</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">11 - 56</font></p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Options forfeited during the period</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">47,898</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">48.72</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">35 - 64</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Options outstanding at end of period</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">4,858,276</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">54.08</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">15 - 78</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">4,642,013</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">44.59</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">12 - 70</font></p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Options exercisable at end of period</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2,867,119</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">43.64</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">15 - 68</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2,728,468</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">35.64</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">12 - 70</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Weighted-average fair value of options granted</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">22.18</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">18.93</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Assumptions used to determine fair value:</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="30%" valign=bottom> <p><font size=2 face="Times New Roman">Dividend yield</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">0.8</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">1.5</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="30%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Expected volatility</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">22.1</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">23.1</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="30%" valign=bottom> <p><font size=2 face="Times New Roman">Risk-free rate of return</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">4.5</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">5.5</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="30%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Expected life of options</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">7 years</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">7 years</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr> </table> <p><font size=2 face="Times New Roman">Awards of Class A Common Shares vest over an incentive period conditioned upon the individual&#146;s employment throughout that
period.&#160; During the vesting period shares issued are nontransferable, but the shares are entitled to all the rights of an outstanding share.&#160; Information related to awards of Class A Common Shares is presented below:</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="32%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="31%" colspan="8" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Nine months ended September 30, 2002</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="30%" colspan="8" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Nine months ended September 30, 2001</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="32%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="31%" colspan="8" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="30%" colspan="8" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="32%" rowspan="3" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="2%" rowspan="3" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" rowspan="3" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Number<br> of<br> Shares</b></font></p> </td>
<td width="2%" rowspan="3" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="19%" colspan="5" height=9 valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Price at Award Dates</b></font></p> </td>
<td width="2%" rowspan="3" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" rowspan="3" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Number<br> of<br> Shares</b></font></p> </td>
<td width="2%" rowspan="3" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="19%" colspan="5" height=9 valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Price at Award Dates</b></font></p> </td>
<td width="1%" rowspan="3" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="19%" colspan="5" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="19%" colspan="5" height=9 valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td> </tr>
<tr>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Weighted<br> Average</b></font></p> </td>
<td width="2%" height=24 valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" height=24 valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Range of<br> Prices</b></font></p> </td>
<td width="9%" colspan="2" height=24 valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Weighted<br> Average</b></font></p> </td>
<td width="2%" height=24 valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" height=24 valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Range of<br> Prices</b></font></p> </td> </tr>
<tr>
<td width="32%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="32%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Shares awarded during the period</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">32,305</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">72.43</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">72 - 77</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">165,120</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">63.41</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">57 - 71</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="32%" valign=bottom> <p><font size=2 face="Times New Roman">Shares vested during the period</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">114,515</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">62.03</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">42 - 84</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">120,497</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">49.26</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">45 - 56</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="32%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Shares forfeited during the period</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">600</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">47.39</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">47 - 48</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2,500</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">52.54</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">45 - 63</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="32%" valign=bottom> <p><font size=2 face="Times New Roman">Unvested shares at end of period</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">340,071</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">55.65</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">43 - 77</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">436,054</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">50.24</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">26 - 71</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr> </table> <p align=center><font size=2 face="Times New Roman">F-14</font></p> <p><font size=2 face="Times New Roman"><BR> </font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman">The Company has adopted the &#147;disclosure-only&#148; provisions of FAS No. 123.&#160; Compensation expense is determined by the intrinsic value of the stock option or
restricted stock award at the grant date, or on the vesting date for certain restricted stock awards which vest based upon the Company&#146;s stock price.&#160; Therefore, no compensation expense is recognized for stock options unless the terms of
the options are modified subsequent to the grant date.</font></p> <p><font size=2 face="Times New Roman">Compensation expense recognized in the Company&#146;s financial statements and pro forma net income assuming compensation expense had been
determined based upon the fair value provisions of FAS No. 123 (determined using the Black-Scholes option pricing model) are as follows:</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="46%" colspan="3" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="24%" colspan="5" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Three months ended<br> September 30,</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="24%" colspan="5" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Nine months ended<br> September 30,</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="3" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="11%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="11%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="3" valign=bottom> <p><font size=1 face="Times New Roman"><i><b>(in thousands)</b></i></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="3" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="3" valign=bottom> <p><font size=2 face="Times New Roman">COMPENSATION EXPENSE RECOGNIZED</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="3" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Restricted stock awards</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">848</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,299</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">6,116</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">3,700</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="3" valign=bottom> <p><font size=2 face="Times New Roman">Stock options</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">303</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">1,356</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="3" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="3" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">PRO FORMA RESULTS UNDER FAS NO. 123</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="3" valign=bottom> <p><font size=2 face="Times New Roman">Net income as reported</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">45,676</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">22,633</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">112,512</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">128,421</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="3" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Additional stock option expense, net of income tax effects</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(3,689</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(3,047</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(10,145</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(8,740</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="46%" colspan="3" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="3" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Pro forma net income</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">41,987</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">19,586</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">102,367</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">119,681</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="3" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" colspan="3" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Pro forma net income per share of common stock:</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="44%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Basic earnings per share:</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="41%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">As reported</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">0.57</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">0.29</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1.42</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1.63</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="41%" valign=bottom> <p><font size=2 face="Times New Roman">Additional stock option expense, net of income tax effects</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(0.05</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(0.04</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(0.13</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(0.11</font></p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="41%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="41%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Pro forma basic earnings per share</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">0.53</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">0.25</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1.29</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1.52</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="41%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="44%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Diluted earnings per share:</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="41%" valign=bottom> <p><font size=2 face="Times New Roman">As reported</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">0.57</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">0.28</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">1.40</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">1.61</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="41%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Additional stock option expense, net of income tax effects</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(0.05</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(0.04</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(0.13</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(0.11</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="41%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="41%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Pro forma diluted earnings per share</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">0.52</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">0.24</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1.27</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1.50</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="41%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width=16></td>
<td width=18></td>
<td width=302></td>
<td width=14></td>
<td width=7></td>
<td width=72></td>
<td width=14></td>
<td width=7></td>
<td width=72></td>
<td width=14></td>
<td width=7></td>
<td width=72></td>
<td width=14></td>
<td width=7></td>
<td width=72></td>
<td width=10></td> </tr> </table> <p><font size=2 face="Times New Roman">The sum of the net income per share amounts may not equal the pro forma amounts because each is computed independently.</font></p> <p align=center><font size=2
face="Times New Roman">F-15</font></p> <p><font size=2 face="Times New Roman"><b><BR> </b></font></p>

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 <p align=center>
<a name="tx763_20"></a><font size=2 face="Times New Roman"><b>MANAGEMENT&#146;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</b></font></p> <p>
<a name="tx763_21"></a><font size=2 face="Times New Roman"><b>CRITICAL ACCOUNTING POLICIES AND ESTIMATES</b></font></p> <p><font size=2 face="Times New Roman">The Company&#146;s discussion of and analysis of its financial condition and results of
operations is based upon the Company&#146;s consolidated financial statements.&#160; Note 1 to the Consolidated Financial Statements included in the Company&#146;s Annual Report on Form 10-K describes the significant accounting policies adopted by
the Company.&#160; The most critical accounting policies and estimates relate to revenue recognition, receivable allowances, programming, investments, long-lived assets, employee benefits and income taxes. </font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="100%" colspan="2" valign=top> <p><font size=2 face="Times New Roman"><b>Revenue Recognition - </b>The Company&#146;s primary sources of revenue are from the sales of:</font></p> </td> </tr>
<tr>
<td width="5%" valign=top> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="95%" valign=top> <p><font size=2 face="Times New Roman">advertising space, time and on the Company&#146;s Internet sites</font></p> </td> </tr>
<tr>
<td width="5%" valign=top> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="95%" valign=top> <p><font size=2 face="Times New Roman">newspapers to distributors and individual subscribers; and</font></p> </td> </tr>
<tr>
<td width="5%" valign=top> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="95%" valign=top> <p><font size=2 face="Times New Roman">programming services to cable and satellite television systems (&#147;network affiliate fees&#148;).</font></p> </td> </tr> </table> <p><font size=2
face="Times New Roman"><i><u>Advertising</u></i>.&#160; Advertising revenue is recorded, net of agency commissions, when advertisements are published in newspapers, are broadcast on television stations or cable television networks, and over the
terms of the contracts for advertising appearing on the Company&#146;s Internet sites.&#160; Advertising contracts, which generally have a term of one year or less, may provide discounts based upon the volume of advertising purchased during the
terms of the contracts.&#160; This requires management to make certain estimates regarding future advertising volumes.&#160; Estimated rebates are recorded as a reduction of revenue in the period the advertisement is displayed and are revised as
necessary based on actual volume realized.&#160; Broadcast and cable television network advertising contracts may guarantee the advertiser a minimum audience, requiring management to make estimates of audience size.&#160; If management determines
the Company will not deliver the guaranteed audience, an accrual for &#147;make-good&#148; advertisements is recorded as a reduction of revenue.&#160; The estimated make-good accrual is adjusted over the terms of the advertising contracts.
</font></p> <p><font size=2 face="Times New Roman"><i><u>Newspaper Subscriptions</u></i>.&#160; Prepaid newspaper subscriptions are deferred and are included in circulation revenue on a pro-rata basis over the term of the subscriptions.&#160;
Circulation revenue includes sales to retail outlets and newsstands, which are subject to returns.&#160; The Company records these retail sales upon delivery, net of estimated returns.&#160; Estimated returns are based on historical return rates and
are adjusted based on actual returns realized.</font></p> <p><font size=2 face="Times New Roman"><i><u>Network Affiliate Fees</u></i>.&#160; Cable and satellite television services generally pay a per subscriber fee for the right to distribute the
Company&#146;s networks on their systems.&#160; The Company may make cash payments to cable and satellite television systems and may provide an initial period in which payment of affiliate fees by the systems are waived in exchange for such
long-term distribution contracts.&#160; Network affiliate fee revenues are reported net of incentives in the Consolidated Statements of Income and are recognized over the terms of the contracts.</font></p> <p><font size=2
face="Times New Roman"><b>Customer Billed Revenue - </b>Amounts due to the Company for network affiliate fees are determined by cable and satellite television systems based upon subscribers receiving the Company&#146;s programming.&#160; Licensees
determine royalties due to the Company based upon their sales of licensed products.&#160; This requires management to make estimates of the number of subscribers receiving the Company&#146;s networks and licensed merchandise sales.&#160; Estimated
network affiliate fee and licensing revenues are adjusted based upon actual amounts realized.</font></p> <p><font size=2 face="Times New Roman"><b>Receivable Allowances - </b>The Company maintains allowances for doubtful accounts for estimated
losses resulting from the inability of its customers to make required payments.&#160; Allowances are based on historical experience and other assumptions, and are adjusted based on write-offs realized.&#160; Actual write-offs of bad debts have
historically been insignificant, less than 1.0% of revenues.</font></p> <p align=center><font size=2 face="Times New Roman">F-16</font></p> <p><font size=2 face="Times New Roman"><b><BR> </b></font></p>

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 <p><font size=2 face="Times New Roman"><b>Programming - </b>Programming assets include licensed programs and programs produced by or for the Company.&#160; These costs are expensed over the estimated useful life of
the programming based upon expected future cash flows.&#160; Estimated future cash flows can change based upon market acceptance, advertising rates, subscriber fees and program usage.&#160; Accordingly, revenue estimates and planned usage are
reviewed periodically and are revised if necessary.&#160; If actual demand or market conditions are less favorable than projected, programming cost write-downs may be required.&#160; Programming asset write-downs are determined using a day-part
methodology, whereby programs broadcast during a particular time of day are evaluated on an aggregate basis. </font></p> <p><font size=2 face="Times New Roman"><b>Investments - </b>The Company holds investments in several companies, including
publicly traded securities and others that have no active market.&#160; Future adverse changes in market conditions, poor operating results, or the inability of certain development stage companies to find additional financing could result in losses
that may not be reflected in an investment&#146;s current carrying value, thereby requiring an impairment charge in the future. The Company&#146;s investments are regularly reviewed to determine if there has been an other-than-temporary decline in
market value.&#160; In making that determination, management considers the extent to which cost exceeds market value, the duration of the market decline and the investees&#146; earnings and cash forecasts, and current cash position, among other
factors. </font></p> <p><font size=2 face="Times New Roman"><b>Long-lived Assets - </b>Management also exercises judgment in determining the estimated useful life of long lived assets, specifically plant and property and certain intangible assets
with a finite life.&#160; Management bases its judgment on estimated lives of these assets based on actual experienced length of service of similar assets and expert opinions.</font></p> <p><font size=2 face="Times New Roman">Certain events or
changes in circumstances may indicate that the carrying value of the Company&#146;s property, plant and equipment, intangible assets, and goodwill may not be recoverable and require an impairment review.&#160; In assessing impairment, the Company
must make assumptions regarding estimated future cash flows and other factors to determine the fair value of the respective assets.&#160; Based on that review, if the carrying value of these assets exceeds fair value and is determined to not be
recoverable, an impairment loss representing the amount of excess over its fair value would be recognized in income.</font></p> <p><font size=2 face="Times New Roman">In accordance with FAS No. 142 the Company reviews for goodwill impairment based
upon its reporting units.&#160; Reporting units are operating segments or businesses one level below the operating segment.&#160; Scripps Networks comprises one reporting unit.&#160; The Company&#146;s newspaper and broadcast television reporting
units are based on size of newspaper market and broadcast television affiliation.</font></p> <p><font size=2 face="Times New Roman"><b>Employee Benefits - </b>The Company is self-insured for employee-related health and disability benefits and
workers compensation claims. A third-party administrator is used to process all claims.&#160; Liabilities for unpaid claims are based on the Company&#146;s historical claims experience rate and are developed from actuarial valuations.&#160; However,
actual amounts could vary significantly from such estimates, which would require the Company to record adjustments to expense in that period. </font></p> <p><font size=2 face="Times New Roman">Management relies on actuarial valuations to determine
pension costs.&#160; Inherent in these valuations are assumptions of discount rates and expected return on plan assets.&#160; Management considers current market conditions, including changes in interest rates, in selecting these assumptions.&#160;
Changes in market conditions and changes in assumptions regarding plan participants may cause volatility in year-over-year pension expense. </font></p> <p><font size=2 face="Times New Roman"><b>Income Taxes - </b>The Company&#146;s accounting for
income taxes is sensitive to interpretation of various laws and regulations.&#160; The Internal Revenue Service is currently examining the Company&#146;s 1996 to 2001 consolidated federal income tax returns.&#160; Management reviews its provision
for open tax years on an ongoing basis.&#160; </font></p> <p><font size=2 face="Times New Roman">The company records a tax valuation allowance to reduce its deferred tax assets to the amount that is more likely than not to be realized.&#160; The
Company&#146;s deferred tax assets subject to a valuation allowance primarily relate to state net operating loss carryforwards and capital loss carryforwards.&#160; The Company considers ongoing prudent and feasible tax planning strategies in
assessing the need for a valuation allowance.&#160; In the event the Company determined the deferred tax asset it would realize was greater or less than the net amount recorded, an adjustment would be made to the tax provision in that period.
</font></p> <p align=center><font size=2 face="Times New Roman">F-17</font></p> <p><font size=2 face="Times New Roman"><BR> </font></p>

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 <p>
<a name="tx763_22"></a><font size=2 face="Times New Roman"><b>FORWARD-LOOKING STATEMENTS</b></font></p> <p><font size=2 face="Times New Roman">This discussion and the information contained in the notes to the consolidated financial statements
contain certain forward-looking statements that are based on management&#146;s current expectations.&#160; Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from
the expectations expressed in the forward-looking statements.&#160; Such risks, trends and uncertainties, which in most instances are beyond the Company&#146;s control, include changes in advertising demand and other economic conditions;
consumers&#146; taste; newsprint prices; program costs; labor relations; technological developments; competitive pressures; interest rates; regulatory rulings; and reliance on third-party vendors for various products and services.&#160; The words
&#147;believe,&#148; &#147;expect,&#148; &#147;anticipate,&#148; &#147;estimate,&#148; &#147;intend&#148; and similar expressions identify forward-looking statements.&#160; All forward-looking statements, which are as of the date of this filing,
should be evaluated with the understanding of their inherent uncertainty.</font></p> <p>
<a name="tx763_23"></a><font size=2 face="Times New Roman"><b>RESULTS OF OPERATIONS</b></font></p> <p><font size=2 face="Times New Roman">The Company operates in three reportable segments: newspapers, cable television networks (referred to as
&#147;Scripps Networks&#148;), and broadcast television.&#160; </font></p> <p><font size=2 face="Times New Roman">Income from core operations represents net income as defined under generally accepted accounting principles (&#147;GAAP&#148;)
excluding certain unusual items.&#160; These items are excluded because management believes the items are unlikely to recur or they otherwise impede analysis of the Company&#146;s on-going operations.</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="100%" colspan="3" valign=top> <p><font size=2 face="Times New Roman">Management uses earnings before interest, income taxes, depreciation and amortization (&#147;EBITDA&#148;), along with operating income and other GAAP measures to
evaluate the performance of the Company&#146;s operating segments.&#160; Management uses EBITDA to evaluate the performance of the Company&#146;s operating segments because:</font></p> </td> </tr>
<tr>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="5%" valign=top> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="90%" valign=top> <p><font size=2 face="Times New Roman">EBITDA, combined with information on historical and planned capital spending, is a useful and reliable measure of year-over-year operating performance.</font></p> </td> </tr>
<tr>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="5%" valign=top> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="90%" valign=top> <p><font size=2 face="Times New Roman">Banks and other lenders use EBITDA and other cash flow measures to evaluate the Company&#146;s ability to meet its debt service requirements and its other obligations.</font></p>
</td> </tr>
<tr>
<td width="5%" valign=top> <p>&nbsp;</p> </td>
<td width="5%" valign=top> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="90%" valign=top> <p><font size=2 face="Times New Roman">Financial analysts and investors use EBITDA, combined with capital spending requirements, to estimate the value of communications media companies.</font></p> </td> </tr> </table>
<p><font size=2 face="Times New Roman">Income from core operations and EBITDA should not be construed as alternative measures of, but as supplemental information to, the Company&#146;s net income and cash flows from operating activities as defined
under GAAP.</font></p> <p><font size=2 face="Times New Roman">Acquisitions and divestitures can affect the comparability of year-over-year reported results.&#160; The accompanying tables include the results of operations for acquired operations from
the dates of acquisition.&#160; Divested operating units are removed from segment operating results and reported separately because management believes they impede analysis of the Company&#146;s on-going operations.&#160; </font></p> <p><font size=2
face="Times New Roman">See Note 2 to the Consolidated Financial Statements on page F-9 regarding acquisitions and divestitures.</font></p> <p><font size=2 face="Times New Roman">The application for a 50-year Joint Operating Agency (&#147;JOA&#148;)
between the Company&#146;s Denver Rocky Mountain News (&#147;RMN&#148;) and MediaNews Group Inc.&#146;s (&#147;MediaNews&#148;) Denver Post was approved in January 2001 by the U.S. Department of Justice.&#160; The JOA commenced operations on
January&nbsp;22,&nbsp;2001.&#160; The RMN received a 50% interest in the JOA in exchange for the contribution of most of its assets to the JOA and the payment of $60 million to MediaNews. </font></p> <p><font size=2 face="Times New Roman">The
RMN&#146;s 50% share of the operating profit (loss) of the Denver JOA is reported as &#147;Share of Joint Operating Agency Profits&#148; revenue in the financial statements.&#160; Editorial costs associated with the RMN are included in operating
expenses.&#160; The financial statements do not include advertising and other revenue of the JOA, nor the costs to produce, distribute and market the newspapers, nor related depreciation.&#160; The RMN is reported separately in Management&#146;s
Discussion and Analysis.</font></p> <p><font size=2 face="Times New Roman">In August 2002 the Company reached an agreement to acquire a 70% controlling interest in the Shop At Home television-retailing network.&#160; The acquisition was completed on
October 31, 2002.</font></p> <p align=center><font size=2 face="Times New Roman">F-18</font></p> <p><font size=2 face="Times New Roman"><BR> </font></p>

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 <p><font size=2 face="Times New Roman">Consolidated results of operations were as follows: </font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="37%" colspan="3" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="28%" colspan="8" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Quarterly Period</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="28%" colspan="8" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Year-to-Date</b></font></p> </td>
<td width="0%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="37%" colspan="3" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="3%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="3%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="37%" colspan="3" valign=bottom> <p><font size=1 face="Times New Roman"><i><b>(in thousands, except per share data)</b></i></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="8%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="8%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Change</b></font></p> </td>
<td width="3%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="8%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="8%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="8%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Change</b></font></p> </td>
<td width="3%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="8%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="0%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="37%" colspan="3" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="3%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="3%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="37%" colspan="3" valign=bottom> <p><font size=2 face="Times New Roman">Operating revenues:</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="34%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Newspapers excluding RMN</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">174,102</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(0.1</font></p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">174,315</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">534,426</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">0.0</font></p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">534,189</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="34%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Rocky Mountain News</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">6,137</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">3,660</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">19,618</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">15,236</font></p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="34%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="34%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total newspapers</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">180,239</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1.3</font></p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">177,975</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">554,044</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">0.8</font></p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">549,425</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="34%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Scripps Networks</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">97,069</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">26.0</font></p> </td>
<td width="3%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">77,056</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">296,737</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">17.3</font></p> </td>
<td width="3%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">252,911</font></p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="34%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Broadcast television</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">72,745</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">19.0</font></p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">61,121</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">213,987</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">6.3</font></p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">201,241</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="34%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Licensing and other media</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">21,452</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">7.8</font></p> </td>
<td width="3%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">19,900</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">66,452</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(0.8</font></p> </td>
<td width="3%" valign=bottom> <p><font size=2 face="Times New Roman">)%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">67,012</font></p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="34%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="37%" colspan="3" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Revenues from core operations</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">371,505</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">10.5</font></p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">336,052</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,131,220</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">5.7</font></p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,070,589</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="37%" colspan="3" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="37%" colspan="3" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Operating income:</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="34%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Newspapers excluding RMN</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">53,410</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">0.7</font></p> </td>
<td width="3%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">53,056</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">171,954</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">3.8</font></p> </td>
<td width="3%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">165,630</font></p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="34%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Rocky Mountain News</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">789</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(1,384</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">3,522</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(13,163</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="34%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="34%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total newspapers</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">54,199</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">4.9</font></p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">51,672</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">175,476</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">15.1</font></p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">152,467</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="34%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Scripps Networks</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">26,862</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">77.6</font></p> </td>
<td width="3%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">15,121</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">73,830</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">42.5</font></p> </td>
<td width="3%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">51,812</font></p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="34%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Broadcast television</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">15,651</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">7,636</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">46,948</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">20.5</font></p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">38,959</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="34%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Licensing and other media</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">4,294</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">88.3</font></p> </td>
<td width="3%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">2,281</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">12,654</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">20.1</font></p> </td>
<td width="3%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">10,538</font></p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="34%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Corporate</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(6,587</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(4,826</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(22,136</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(14,170</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="34%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="37%" colspan="3" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Operating income from core operations</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">94,419</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">31.3</font></p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">71,884</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">286,772</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">19.7</font></p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">239,606</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="37%" colspan="3" valign=bottom> <p><font size=2 face="Times New Roman">Interest expense</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(7,843</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(8,417</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(21,064</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(31,737</font></p> </td>
<td width="0%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="37%" colspan="3" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Miscellaneous, net</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">675</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">240</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">57</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,073</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="37%" colspan="3" valign=bottom> <p><font size=2 face="Times New Roman">Income taxes</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(34,146</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(25,160</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(104,007</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(82,212</font></p> </td>
<td width="0%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="37%" colspan="3" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Minority interest</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(901</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(1,005</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(2,687</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(2,826</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="37%" colspan="3" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="37%" colspan="3" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Income from core operations</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">52,204</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">39.1</font></p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">37,542</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">159,071</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">28.4</font></p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">123,904</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="37%" colspan="3" valign=bottom> <p><font size=2 face="Times New Roman">Unusual credits (charges):</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="34%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Employee work force reduction</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(1,540</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(12,727</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="34%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Amortization of goodwill and intangible assets with indefinite lives</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(9,589</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(28,544</font></p> </td>
<td width="0%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="34%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Investment results, net of expenses</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(10,052</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(10,917</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(83,991</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">50,825</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="34%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Tax effect of unusual credits (charges)</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">3,524</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">7,137</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">29,432</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(5,037</font></p> </td>
<td width="0%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="34%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Prior year tax liability adjustments</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">8,000</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="34%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="37%" colspan="3" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Net income</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">45,676</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">22,633</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">112,512</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(12.4</font></p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">128,421</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="37%" colspan="3" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="37%" colspan="3" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Per share of common stock:</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="34%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Income from core operations</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">.65</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">38.3</font></p> </td>
<td width="3%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">.47</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">1.97</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">27.1</font></p> </td>
<td width="3%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">1.55</font></p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="34%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Unusual credits (charges):</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="32%" valign=bottom> <p><font size=2 face="Times New Roman">Employee work force reduction</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(.01</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(.10</font></p> </td>
<td width="0%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="32%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Amortization of goodwill and intangible assets with indefinite lives</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(.09</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(.26</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="32%" valign=bottom> <p><font size=2 face="Times New Roman">Net investment results</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(.08</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(.09</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(.68</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom> <p align=right><font size=2 face="Times New Roman">.42</font></p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="32%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Prior year tax liability adjustments</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">.10</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="32%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="34%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Net income</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">.57</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">.28</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1.40</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(13.0</font></p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1.61</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="34%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="37%" colspan="3" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Weighted-average shares outstanding</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">80,668</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">80,167</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">80,554</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="7%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">80,011</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="37%" colspan="3" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="3%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="7%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width=20></td>
<td width=19></td>
<td width=233></td>
<td width=14></td>
<td width=7></td>
<td width=50></td>
<td width=14></td>
<td width=7></td>
<td width=50></td>
<td width=22></td>
<td width=7></td>
<td width=50></td>
<td width=14></td>
<td width=7></td>
<td width=50></td>
<td width=14></td>
<td width=7></td>
<td width=50></td>
<td width=22></td>
<td width=7></td>
<td width=50></td>
<td width=2></td> </tr> </table> <br>
<table width="92%" border="0">
<tr>
<td width="2%">&nbsp;</td>
<td width="98%"><font size=2 face="Times New Roman"><i>&nbsp;See Note 1 - Goodwill and Other Intangible Assets on page F-8 and Note 3 on page F-9 regarding items excluded from core operations.</i></font> </td> </tr> </table> <p><font size=2
face="Times New Roman">The sum of per share from core operations and unusual credits (charges) may not equal the reported net income per share amount because each is computed independently.</font></p> <p><font size=2 face="Times New Roman">All per
share disclosures are on a diluted basis.&#160; </font></p> <p align=center><font size=2 face="Times New Roman">F-19</font></p> <p><font size=2 face="Times New Roman"><BR> </font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman">Other financial and statistical data, excluding unusual items, are as follows:</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="33%" colspan="2" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="30%" colspan="8" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Quarterly Period</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="30%" colspan="8" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Year-to-Date</b></font></p> </td>
<td width="0%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p><font size=1 face="Times New Roman"><i><b>(in thousands)</b></i></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Change</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Change</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="0%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total advertising revenues, excluding RMN</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">273,160</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">10.3</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">247,617</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">833,342</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">4.9</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">794,062</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Advertising revenues as a percentage of total revenues</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">74.8</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">74.5</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">75.0</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">75.2</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">EBITDA:</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="30%" valign=bottom> <p><font size=2 face="Times New Roman">Newspapers excluding RMN</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">59,783</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">0.5</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">59,470</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">191,138</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">3.6</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">184,424</font></p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="30%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Rocky Mountain News</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">923</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(1,270</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">3,901</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(11,942</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="30%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="30%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total newspapers</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">60,706</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">4.3</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">58,200</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">195,039</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">13.1</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">172,482</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="30%" valign=bottom> <p><font size=2 face="Times New Roman">Scripps Networks</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">29,872</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">69.3</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">17,647</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">82,722</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">37.7</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">60,061</font></p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="30%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Broadcast television</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">20,621</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">65.3</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">12,478</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">61,398</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">14.1</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">53,820</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="30%" valign=bottom> <p><font size=2 face="Times New Roman">Licensing and other media</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">4,493</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">78.8</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">2,513</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">13,237</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">18.7</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">11,154</font></p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="30%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Corporate</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(6,247</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(4,561</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(21,287</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(13,465</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="30%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">EBITDA from core operations</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">109,445</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">26.9</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">86,277</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">331,109</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">16.6</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">284,052</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Effective income tax rate for core operations</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">39.1</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">39.5</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">39.1</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">39.3</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Net cash provided by operating activities</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">75,398</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">92,102</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">176,166</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">215,509</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Capital expenditures</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(16,537</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(16,959</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(53,300</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(46,054</font></p> </td>
<td width="0%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Business acquisitions and investments</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(8,186</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(9,269</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(19,581</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(95,712</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Increase (decrease) in long-term debt</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(23,499</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(40,877</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(78,463</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(44,190</font></p> </td>
<td width="0%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Dividends paid, including to minority interests</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(12,378</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(12,298</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(37,043</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(36,817</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Purchase and retirement of common stock</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(18,683</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(20,671</font></p> </td>
<td width="0%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr> </table> <p><font size=2 face="Times New Roman">Certain restricted stock awards issued in 2001 are earned based upon the market price of the Company&#146;s Class A Common Shares.&#160; The
Company records expense related to these awards when the shares are earned.&#160; Corporate expense increased year-over-year in the first quarter when 20,000 shares were earned.&#160; An additional 20,000 shares were earned in April 2002.&#160; The
remaining 20,000 shares under the award can be earned in 2003 if certain targets are met in 2003.&#160; Corporate expenses in 2002 also include the accrual of performance bonuses, which were not earned in 2001. </font></p> <p><font size=2
face="Times New Roman">Lower borrowing rates under short-term credit facilities led to lower period-over-period interest expense.&#160; Average daily borrowings under short-term credit facilities in the third quarter were $233 million in 2002 and
$457&nbsp;million in 2001.&#160; The weighted-average interest rate on such borrowings in the third quarter was 1.8% in 2002 and 3.6% in 2001.&#160; For the year-to-date period the weighted-average interest rate was 1.8% in 2002 and 4.8% in 2001.
The Company is currently rolling over short-term debt at an effective 90-day yield of 1.6%.</font></p> <p><font size=2 face="Times New Roman">In July 2002 the Company issued $200 million of 5.75% notes due in 2012.&#160; The proceeds from the note
issuance were used to reduce the Company&#146;s commercial paper borrowings.&#160; The average balance of all interest bearing obligations year-to-date was $704 million in 2002 and $747 million in 2001.&#160; In October 2002 the Company repaid its
$100 million, 6.375% notes.</font></p> <p><font size=2 face="Times New Roman">The Company adopted Financial Accounting Standard (&#147;FAS&#148;) No. 142 - Goodwill and Other Intangible Assets effective January 1, 2002.&#160; See Note 1 to the
Consolidated Financial Statements.&#160; Amortization of goodwill and other intangible assets with indefinite lives, primarily FCC licenses and broadcast television station network affiliation agreements, was $9.6 million, $7.1&nbsp;million
after-tax, $.09 per share in the third quarter and $28.5 million, $21.0 million after tax, $.26 per share. </font></p> <p><font size=2 face="Times New Roman">Third quarter 2001 operating results were affected by a downturn in business immediately
following the September 11 terrorist attacks, which exacerbated an already weak market.&#160; The Company&#146;s nine network-affiliated television stations broadcast 36 hours of continuous, commercial free network and local news coverage following
the attacks, and for the next several days there was little demand for television advertising.&#160; </font></p> <p><font size=2 face="Times New Roman">Operating results for each of the Company&#146;s reportable segments, excluding divested
operating units and unusual items, are presented on the following pages.&#160; </font></p> <p align=center><font size=2 face="Times New Roman">F-20 </font></p> <p><font size=2 face="Times New Roman"><BR> </font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p>
<a name="tx763_24"></a><font size=2 face="Times New Roman">NEWSPAPERS - RMN operating results are presented separately as a single line item to enhance comparability of year-over-year Newspaper operating results.&#160; Excluding unusual items,
operating results were as follows:</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="27%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="34%" colspan="8" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Quarterly Period</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="33%" colspan="8" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Year-to-Date</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="27%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="34%" colspan="8" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="33%" colspan="8" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="27%" colspan="2" valign=bottom> <p><font size=1 face="Times New Roman"><i><b>(in thousands)</b></i></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="10%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="10%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Change</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="10%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="10%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="10%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Change</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="10%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="0%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="27%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="10%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="10%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="10%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="10%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="10%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="10%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="27%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Operating revenues:</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="24%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Local</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">41,115</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(3.0</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)%</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">42,376</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">131,033</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(1.2</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)%</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">132,688</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="24%" valign=bottom> <p><font size=2 face="Times New Roman">Classified</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">53,420</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(0.7</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)%</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">53,783</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">163,220</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(2.5</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)%</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">167,335</font></p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="24%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">National</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">8,359</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2.3</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">8,170</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">24,424</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(0.6</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)%</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">24,572</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="24%" valign=bottom> <p><font size=2 face="Times New Roman">Preprint and other</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">23,950</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">9.0</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">21,964</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">71,452</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">9.5</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">65,271</font></p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="27%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="24%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Newspaper advertising</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">126,844</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">0.4</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">126,293</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">390,129</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">0.1</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">389,866</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="24%" valign=bottom> <p><font size=2 face="Times New Roman">Circulation</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">33,566</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(3.7</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)%</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">34,850</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">103,385</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(0.9</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)%</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">104,310</font></p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="24%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Share of joint operating agency profits</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">11,141</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">4.9</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">10,620</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">32,334</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2.5</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">31,547</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="24%" valign=bottom> <p><font size=2 face="Times New Roman">Other</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">2,551</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(0.0</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)%</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">2,552</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">8,578</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">1.3</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">8,466</font></p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="27%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="27%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total operating revenues</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">174,102</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(0.1</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)%</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">174,315</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">534,426</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">0.0</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">534,189</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="27%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="27%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Expenses, excluding depreciation and amortization:</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="24%" valign=bottom> <p><font size=2 face="Times New Roman">Editorial and newspaper content</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">21,746</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(0.7</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)%</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">21,910</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">65,748</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">0.1</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">65,682</font></p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="24%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Newsprint and ink</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">15,345</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(21.0</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)%</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">19,424</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">48,505</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(23.5</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)%</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">63,396</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="24%" valign=bottom> <p><font size=2 face="Times New Roman">Other press and production</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">17,103</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">2.4</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">16,708</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">52,490</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">2.7</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">51,097</font></p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="24%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Circulation and distribution</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">15,978</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(1.7</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)%</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">16,257</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">48,751</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1.5</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">48,041</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="24%" valign=bottom> <p><font size=2 face="Times New Roman">Other advertising, internet and printing</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">7,895</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">8.9</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">7,251</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">23,360</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">6.9</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">21,849</font></p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="24%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Advertising sales and marketing</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">16,229</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">7.4</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">15,104</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">49,882</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">5.3</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">47,376</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="24%" valign=bottom> <p><font size=2 face="Times New Roman">General and administrative</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">19,945</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">12.6</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">17,719</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">54,213</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">7.5</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">50,421</font></p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="27%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="27%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">114,241</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(0.1</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)%</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">114,373</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">342,949</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(1.4</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)%</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">347,862</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="27%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="27%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">EBITDA before equity-method investments</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">59,861</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(0.1</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)%</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">59,942</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">191,477</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2.8</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">186,327</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="27%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Share of pre-tax earnings (losses) of equity-method investments</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(78</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(472</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(339</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(1,903</font></p> </td>
<td width="0%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="27%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="27%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">EBITDA</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">59,783</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">0.5</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">59,470</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">191,138</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">3.6</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">184,424</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="27%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Depreciation and amortization</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">6,373</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(0.6</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)%</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">6,414</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">19,184</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">2.1</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">18,794</font></p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="27%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="27%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Operating income before RMN</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">53,410</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">0.7</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">53,056</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">171,954</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">3.8</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">165,630</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="27%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Rocky Mountain News</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">789</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(1,384</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">3,522</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(13,163</font></p> </td>
<td width="0%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="27%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="27%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Operating income</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">54,199</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">4.9</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">51,672</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">175,476</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">15.1</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">152,467</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="27%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="27%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Percent of operating revenues:</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="24%" valign=bottom> <p><font size=2 face="Times New Roman">EBITDA</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">34.3</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">34.1</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">35.8</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">34.5</font></p> </td>
<td width="0%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="24%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Operating income, excluding RMN</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">30.7</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">30.4</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">32.2</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">31.0</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="27%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="27%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman"><u><i>Supplemental Statement of Cash Flows Information:</i></u></font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="27%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Dividends received greater (less) than share of profits of JOAs and equity-method investments</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">3,325</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(3,473</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">9,484</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">19,370</font></p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="27%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Capital expenditures</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">7,044</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">8,334</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">27,304</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">24,097</font></p> </td>
<td width="0%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="27%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Business acquisitions and other additions to long-lived assets</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">390</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">80</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">454</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">63,796</font></p> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="27%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="0%" valign=bottom> <p>&nbsp;</p> </td> </tr> </table> <p><font size=2 face="Times New Roman">The demand for advertising stabilized in many of the Company&#146;s markets in the third quarter of 2002, although help wanted advertising volume
remains below that of prior periods.&#160;&#160; Newspaper advertising revenues are expected to increase modestly year-over-year in the fourth quarter.</font></p> <p><font size=2 face="Times New Roman">Newsprint and ink decreased in the quarter
primarily due to a 24% decrease in year-over-year newsprint prices.</font></p> <p><font size=2 face="Times New Roman">Third quarter and year-to-date results at the Denver newspaper were substantially improved over 2001 due to advertising and
circulation rate increases and cost cutting measures implemented by the JOA, including the publication of combined weekend editions and a single classified advertising section distributed daily in both newspapers.</font></p> <p align=center><font
size=2 face="Times New Roman">F-21</font></p> <p><font size=2 face="Times New Roman"><BR> </font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p>
<a name="tx763_25"></a><font size=2 face="Times New Roman">SCRIPPS NETWORKS &#150; Operating results, excluding unusual items, were as follows:</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="33%" colspan="2" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="31%" colspan="8" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Quarterly Period</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="30%" colspan="8" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Year-to-Date</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="31%" colspan="8" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="30%" colspan="8" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p><font size=1 face="Times New Roman"><i><b>(in thousands)</b></i></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Change</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Change</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Operating revenues:</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="30%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Advertising</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">74,803</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">22.2</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">61,234</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">233,345</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">13.4</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">205,753</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="30%" valign=bottom> <p><font size=2 face="Times New Roman">Network affiliate fees, net</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">20,902</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">44.1</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">14,509</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">59,410</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">37.3</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">43,257</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="30%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Other</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,364</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">3.9</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,313</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">3,982</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2.1</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">3,901</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total operating revenues</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">97,069</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">26.0</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">77,056</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">296,737</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">17.3</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">252,911</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Operating expenses, excluding depreciation and amortization:</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="30%" valign=bottom> <p><font size=2 face="Times New Roman">Programming and production</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">30,389</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">18.0</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">25,747</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">90,615</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">21.1</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">74,833</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="30%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Operations and distribution</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">7,090</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(10.0</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">7,878</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">24,276</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(9.4</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">26,795</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="30%" valign=bottom> <p><font size=2 face="Times New Roman">Sales and marketing</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">17,416</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">10.9</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">15,701</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">54,157</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(2.1</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">55,307</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="30%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">General and administrative</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">14,365</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">19.4</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">12,027</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">48,955</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">22.7</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">39,891</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">69,260</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">12.9</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">61,353</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">218,003</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">10.8</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">196,826</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">EBITDA before equity-method investments</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">27,809</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">77.1</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">15,703</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">78,734</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">40.4</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">56,085</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Share of pre-tax earnings of equity-method investments</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">2,063</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">1,944</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">3,988</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">3,976</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">EBITDA</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">29,872</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">69.3</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">17,647</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">82,722</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">37.7</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">60,061</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Depreciation and amortization</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">3,010</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">19.2</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">2,526</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">8,892</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">7.8</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">8,249</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Operating income</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">26,862</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">77.6</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">15,121</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">73,830</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">42.5</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">51,812</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Percent of operating revenues:</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="30%" valign=bottom> <p><font size=2 face="Times New Roman">EBITDA</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">30.8</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">22.9</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">27.9</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">23.7</font></p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="30%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Operating income</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">27.7</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">19.6</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">24.9</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">20.5</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman"><u><i>Supplemental Statement of Cash Flows Information:</i></u></font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Billed network affiliate fees</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">23,880</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">19,290</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">69,096</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">59,835</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Network launch incentive payments</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">19,176</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">5,816</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">89,017</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">13,668</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Payments for programming less (greater) than program cost amortization </font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">378</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(7,315</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(13,447</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(25,703</font></p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Dividends received greater (less) than share of earnings of equity-method investments</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(383</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(745</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(1,588</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">164</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Capital expenditures</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">3,917</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">5,523</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">9,835</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">10,812</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Business acquisitions and investments</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">5,240</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">14,429</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman"><i><u>Supplemental balance sheet information:</u></i></font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Program assets</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">232,227</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">198,120</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Network distribution incentives</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">178,725</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">79,326</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Launch incentive payments due to cable and satellite television systems for launches through the end of the period</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">44,684</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">72,809</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr> </table> <p align=center><font size=2 face="Times New Roman">F-22</font></p> <p><font size=2 face="Times New Roman"><BR> </font></p>

<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman">According to the Nielsen Homevideo Index, HGTV was distributed to 79.8 million homes in September 2002, up 5.5&nbsp;million from September 2001 and 1.2 million in the
quarter.&#160; Food Network was distributed to 76.6 million homes in September 2002, up 8.9&nbsp;million from September 2001 and 1.3 million in the quarter.&#160; Prime-time viewership was up 29% for Food and 35% for HGTV compared to the prior
year.&#160; </font></p> <p><font size=2 face="Times New Roman">Wider distribution of the networks and the increase in viewership led to increased demand for advertising and higher advertising rates at the Company&#146;s networks.&#160; Advertising
revenues in the prior year were reduced due to lost sales in the days immediately following the September 11 terrorist attacks.&#160; The networks were off the air for 24 hours and experienced weakened demand and canceled advertising.&#160;
Advertising revenues are expected to increase between 40% and 45% year-over-year in the fourth quarter.</font></p> <p><font size=2 face="Times New Roman">Network affiliate fee revenue increased 36% for HGTV and 20% for Food Network in the
year-to-date period.&#160; The Company changed its estimate of the lives of certain network distribution contracts in the second quarter of 2002, increasing network affiliate fee revenue by $1.7 million in the quarter and $3.4 million in the
year-to-date period.&#160; Network affiliate fee revenues are expected to increase approximately 35% year-over-year in the fourth quarter.</font></p> <p><font size=2 face="Times New Roman">Programming and production expenses have increased as the
Company improves the quality and variety of programming and expands the hours of original programming presented on its networks.&#160; Programming expense increased 17% for HGTV and 23% for Food Network in the year-to-date period.&#160; </font></p>
<p><font size=2 face="Times New Roman">The Company launched DIY in the fourth quarter of 1999 and launched Fine&nbsp;Living, its fourth network, in March 2002.&#160; DIY was distributed to 12 million homes in September 2002.&#160; Fine Living signed
a long-term distribution agreement with DIRECTV in September, increasing distribution of the network to 13 million homes on October 1, 2002.&#160; </font></p> <p><font size=2 face="Times New Roman">Start-up losses associated with DIY and Fine Living
reduced EBITDA in the third quarter by $7.3&nbsp;million in 2002 compared to $5.7 million in the third quarter of 2001.&#160; For the year-to-date period, start-up losses reduced EBITDA by $29&nbsp;million in 2002 and $16 million in 2001.&#160; Full
year start-up losses are currently projected to reduce EBITDA by approximately $38&nbsp;million in 2002.</font></p> <p><font size=2 face="Times New Roman">Excluding the start-up expenses of the new networks, EBITDA at Scripps Networks increased 59%
in the quarter and 46%&nbsp;year-to-date. </font></p> <p><font size=2 face="Times New Roman">The year-over-year increase in network launch incentive payments is due to expanded distribution of the Company&#146;s networks.</font></p> <p
align=center><font size=2 face="Times New Roman">F-23</font></p> <p><font size=2 face="Times New Roman"><BR> </font></p>

<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p>
<a name="tx763_26"></a><font size=2 face="Times New Roman">BROADCAST TELEVISION &#150; Operating results, excluding unusual items, were as follows:</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="32%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="31%" colspan="8" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Quarterly Period</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="31%" colspan="8" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Year-to-Date</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="32%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="31%" colspan="8" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="31%" colspan="8" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="32%" colspan="2" valign=bottom> <p><font size=1 face="Times New Roman"><i><b>(in thousands)</b></i></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Change</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Change</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="32%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="32%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Operating revenues:</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="29%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Local</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">41,138</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">16.2</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">35,389</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">126,238</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">7.0</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">117,927</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="29%" valign=bottom> <p><font size=2 face="Times New Roman">National</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">22,789</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">7.7</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">21,151</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">70,491</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">0.4</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">70,220</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="29%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Political</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">5,470</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">735</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">6,453</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,039</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="29%" valign=bottom> <p><font size=2 face="Times New Roman">Network compensation</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">1,870</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(20.4</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">2,348</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">5,779</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(25.0</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">7,702</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="29%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Other</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,478</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">(1.3</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">)%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,498</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">5,026</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">15.5</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">4,353</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="32%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="32%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total operating revenues</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">72,745</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">19.0</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">61,121</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">213,987</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">6.3</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">201,241</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="32%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="32%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Operating expenses, excluding depreciation and amortization:</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="29%" valign=bottom> <p><font size=2 face="Times New Roman">Programming and station operations</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">35,142</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">0.4</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">35,002</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">104,798</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">1.0</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">103,733</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="29%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Sales and marketing</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">8,998</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">16.3</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">7,740</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">27,205</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">5.6</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">25,767</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="29%" valign=bottom> <p><font size=2 face="Times New Roman">General and administrative</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">7,984</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">35.3</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">5,901</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">20,586</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">14.9</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">17,921</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="32%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="32%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">52,124</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">7.2</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">48,643</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">152,589</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">3.5</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">147,421</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="32%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="32%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">EBITDA</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">20,621</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">65.3</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">12,478</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">61,398</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">14.1</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">53,820</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="32%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Depreciation and amortization</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">4,970</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">2.6</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">4,842</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">14,450</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(2.8</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">14,861</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="32%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="32%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Operating income</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">15,651</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">7,636</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">46,948</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">20.5</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">38,959</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="32%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="32%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Percent of operating revenues:</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="29%" valign=bottom> <p><font size=2 face="Times New Roman">EBITDA</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">28.3</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">20.4</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">28.7</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">26.7</font></p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="29%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Operating income</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">21.5</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">12.5</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">21.9</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">19.4</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="32%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="32%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman"><u><i>Supplemental Statement of Cash Flows Information:</i></u></font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="32%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Payments for programming less (greater) than program cost amortization </font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">4</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">823</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">190</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">2,187</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="32%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Capital expenditures</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">4,912</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2,951</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">12,920</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">10,295</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="32%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Business acquisitions and other additions to long-lived assets</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">20</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">27</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="32%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr> </table> <p><font size=2 face="Times New Roman">Improved demand for advertising led to the increase in advertising revenues.&#160; Local and national advertising revenue increased 13%
year-over-year in the third quarter.&#160; Broadcast television advertising revenues in the prior year quarter were reduced by approximately $4 million due to sales lost in the days immediately following the September 11 terrorist attacks.&#160; The
Company&#146;s nine network-affiliated television stations broadcast 36 hours of continuous, commercial free network and local news coverage following the attacks, and for the next several days there was little demand for television
advertising.</font></p> <p><font size=2 face="Times New Roman">Including political revenue, broadcast television advertising revenues are expected to increase between 10% and 15% year-over-year in the fourth quarter.&#160; Political revenues are
expected to be approximately $12 million in the fourth quarter compared to $1.4 million in the 2001 period.</font></p> <p><font size=2 face="Times New Roman">In 2001 the Company renegotiated and extended its affiliation agreements with NBC, which
were originally scheduled to expire in 2004.&#160; Network compensation is sharply reduced under the new agreements, which expire in 2009.&#160; The Company&#146;s ABC affiliation agreements expire on various dates during the period 2004 through
2006.</font></p> <p align=center><font size=2 face="Times New Roman">F-24</font></p> <p><font size=2 face="Times New Roman"><BR> </font></p>

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 <p>
<a name="tx763_27"></a><font size=2 face="Times New Roman"><b>LIQUIDITY AND CAPITAL RESOURCES</b></font></p> <p><font size=2 face="Times New Roman">The Company&#146;s primary source of liquidity is cash flow from operating activities.&#160;
Advertising provides 70% to 80% of the Company&#146;s total revenues, so the Company&#146;s cash flow from operating activities is adversely affected during recessionary periods.&#160; The Company&#146;s cash flow from operating activities in the
first nine months of the year was $176 million in 2002 and $216&nbsp;million in 2001.&#160; Increased launch incentive payments to expand distribution of Scripps Networks was the primary cause of the decrease.&#160; The Company expects to continue
to increase the distribution of Scripps Networks.&#160; </font></p> <p><font size=2 face="Times New Roman">Cash flow from operating activities exceeded capital expenditures and cash dividends by $86 million in the first nine months and is expected
to substantially exceed the total of its capital expenditure requirements and cash dividends in 2002, as it has each year since 1992.&#160; </font></p> <p><font size=2 face="Times New Roman">The excess cash flow from existing businesses and the
Company&#146;s substantial borrowing capacity have been used primarily to fund acquisitions, investments, and to develop new businesses.&#160; There are essentially no legal or other restrictions on the transfer of funds among the Company&#146;s
business segments.&#160; </font></p> <p><font size=2 face="Times New Roman">In July the Company issued $200 million of 5.75% notes due in 2012.&#160; The proceeds from the notes were used to reduce the Company&#146;s commercial paper
borrowings.&#160; In October 2002 the Company repaid its $100 million, 6.375% notes and filed a shelf registration for up to $500 million in debt securities with the Securities and Exchange Commission.&#160; The Company would use the proceeds for
the sale of debt securities for general corporate purposes including capital spending, debt reduction and acquisitions.</font></p> <p><font size=2 face="Times New Roman">Net debt (borrowings less cash equivalents and other short-term investments)
decreased $76 million in the first nine months of&nbsp;2002, to $645 million at September 30, 2002.&#160; Net debt includes commercial paper borrowings totaling $232 million, with average maturities of 90 days or less.&#160; Commercial paper
borrowings are supported by bank credit facilities permitting maximum borrowings of $600 million.&#160; The Company&#146;s access to commercial paper markets can be affected by macroeconomic factors outside of its control.&#160; In addition to
macroeconomic factors, the Company&#146;s access to commercial paper markets and its borrowing costs are affected by short and long-term debt ratings assigned by independent rating agencies.&#160; </font></p> <p><font size=2
face="Times New Roman">Net debt is expected to increase in the fourth quarter as the Company closes the acquisition of Shop At Home and continues to expand distribution of Scripps Networks. </font></p> <p><font size=2
face="Times New Roman">Repurchase of a total of six million Class A Common shares was authorized by the Board of Directors in 1998.&#160; The Company repurchased a total of 4.3 million Class A Common Shares between June 1997 and October 2001, at
prices ranging from $39 to $60 per share.&#160; The balance remaining on this authorization is 1.7 million shares.</font></p> <p align=center><font size=2 face="Times New Roman">F-25</font></p> <p><font size=2 face="Times New Roman"><b><BR>
</b></font></p>

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 <p>
<a name="tx763_28"></a><font size=2 face="Times New Roman"><b>MARKET RISK</b></font></p> <p><font size=2 face="Times New Roman">The Company&#146;s earnings and cash flow can be affected by, among other things, economic conditions, interest rate
changes, foreign currency fluctuations (primarily in the exchange rate for the Japanese yen) and changes in the price of newsprint.&#160; The Company is also exposed to changes in the market value of its investments.&#160; The information disclosed
in Market Risk in the Company&#146;s Annual Report on Form 10-K for the year ended December 31, 2001, has not changed materially unless otherwise disclosed herein.</font></p> <p><font size=2 face="Times New Roman">The Company held no foreign
currency or newsprint derivative financial instruments at September 30, 2002 or at December&nbsp;31,&nbsp;2001.&#160; </font></p> <p><font size=2 face="Times New Roman">The following table presents additional information about the Company&#146;s
market-risk-sensitive financial instruments:</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="52%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="21%" colspan="5" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>As of September 30, 2002</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="21%" colspan="5" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>As of December 31, 2001</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="52%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="21%" colspan="5" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="21%" colspan="5" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="52%" colspan="2" valign=bottom> <p><font size=1 face="Times New Roman"><b><i>(in thousands, except share data)</i></b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Cost<br> Basis</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Fair<br> Value</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Cost<br> Basis</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Fair<br> Value</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="52%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="9%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="52%" colspan="2" valign=bottom> <p><font size=2 face="Times New Roman">Financial instruments subject to interest rate risk:</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="49%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Variable rate credit facilities, including commercial paper</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">232,391</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">232,391</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">513,855</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">513,855</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="49%" valign=bottom> <p><font size=2 face="Times New Roman">$200 million, 5.75% notes, due in 2012</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">198,777</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">216,314</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="49%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$100 million, 6.375% notes, due in 2002</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">99,998</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">100,180</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">99,983</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">102,685</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="49%" valign=bottom> <p><font size=2 face="Times New Roman">$100 million, 6.625% notes, due in 2007</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">99,926</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">114,327</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">99,916</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">104,376</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="49%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Other notes</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">14,346</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">13,688</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">10,090</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">9,084</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="52%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="49%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total long-term debt including current portion</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">645,438</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">676,900</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">723,844</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">730,000</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="52%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="52%" colspan="2" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Financial instruments subject to market value risk:</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="49%" valign=bottom> <p><font size=2 face="Times New Roman">AOL Time Warner (2,017,000 common shares)</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">29,667</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">23,597</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">64,740</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">64,740</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="49%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Centra Software (700,500 common shares)</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,427</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">869</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,427</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">5,604</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="49%" valign=bottom> <p><font size=2 face="Times New Roman">Other available-for-sale securities</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">914</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">3,354</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">597</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">4,213</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="52%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="49%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total investments in publicly-traded companies</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">32,008</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">27,820</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">66,764</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">74,557</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="49%" valign=bottom> <p><font size=2 face="Times New Roman">Other equity investments</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">21,722</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(a</font></p> </td>
<td width="2%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">51,714</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="8%" valign=bottom> <p align=right><font size=2 face="Times New Roman">(a</font></p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="52%" colspan="2" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="8%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr> </table>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="2%" valign=top> <p align=center><font size=2 face="Times New Roman">(a)</font></p> </td>
<td width="50%" valign=top> <p><font size=2 face="Times New Roman">Included in other equity investments are securities that do not trade in public markets, so they do not have readily determinable fair values.&#160; Management estimates the fair
value of these securities approximates their carrying value.&#160; However, many of the investees have not issued new equity in the past two years.&#160; There can be no assurance that the Company would realize the carrying value of these securities
upon their sale.</font></p> </td> </tr> </table> <p><font size=2 face="Times New Roman">The Company manages interest rate risk primarily by maintaining a mix of fixed-rate and variable-rate debt.&#160; The Company may use interest rate swaps,
forwards or other derivative financial instruments to manage its interest rate risk.&#160; The Company did not hold such instruments at September&nbsp;30,&nbsp;2002.&#160; The weighted-average interest rate on borrowings under the Variable Rate
Credit Facilities was 1.8% at September 30, 2002, and 2.0% at December 31, 2001.&#160; In October 2002, the Company repaid its $100&nbsp;million, 6.375% notes.</font></p> <p align=center><font size=2 face="Times New Roman">F-26</font></p> <p><font
size=2 face="Times New Roman"><b><BR> </b></font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p>
<a name="tx763_29"></a><font size=2 face="Times New Roman"><b>CONTROLS AND PROCEDURES</b></font></p> <p><font size=2 face="Times New Roman">The Company&#146;s management is responsible for the preparation, integrity and objectivity of the
consolidated financial statements and other information presented in this report.&#160; The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and
reflect certain estimates and adjustments by management.&#160; In preparing financial statements in conformity with accounting principles generally accepted in the United States of America, management must make a variety of decisions which affect
the reported amounts and the related disclosures.&#160; Such decisions include the selection of accounting principles that reflect the economic substance of the underlying transactions and the assumptions on which to base accounting estimates.&#160;
In reaching such decisions, management applies judgment based on its understanding and analysis of the relevant circumstances, including its historical experience, actuarial studies and other assumptions.&#160; Management re-evaluates its estimates
and assumptions on an ongoing basis.&#160; While actual results could, in fact, differ from those estimated at the time of preparation of the financial statements, management is committed to preparing financial statements incorporating accounting
principles, assumptions and estimates that promote the representational faithfulness, verifiability, neutrality and transparency of the accounting information included in the financial statements.</font></p> <p><font size=2
face="Times New Roman">The Company&#146;s management maintains a system of internal accounting controls and disclosure controls and procedures which management believes provide reasonable assurance that transactions are properly recorded and the
Company&#146;s assets are protected from loss or unauthorized use.</font></p> <p><font size=2 face="Times New Roman">The integrity of the accounting and disclosure systems are based on written policies and procedures, the careful selection and
training of qualified financial personnel, a program of internal audits and direct management review.&#160; The Company&#146;s disclosure control systems and procedures are designed to ensure timely collection and evaluation of information subject
to disclosure, to ensure the selection of appropriate accounting polices, and to ensure compliance with the Company&#146;s accounting policies and procedures.&#160; The Audit Committee is composed solely of independent directors and meets
periodically with the independent auditors, management and the internal auditors to discuss accounting, financial reporting, auditing and internal auditing matters.&#160; Both the internal and independent auditors have direct and private access to
the Audit Committee.</font></p> <p><font size=2 face="Times New Roman">In September and October 2002 an evaluation was carried out under the supervision and with the participation of the Company&#146;s management, including the Chief Executive
Officer and Chief Financial Officer, of the effectiveness of the design and operation of the disclosure controls and procedures (as defined in Rule&nbsp;13a-14(c) under the Securities Exchange Act of 1934).&#160; Based upon that evaluation, the
Chief Executive Officer and the Chief Financial Officer concluded that the design and operation of these disclosure controls and procedures are effective.&#160; No significant changes were made in the Company&#146;s internal controls or in other
factors that could significantly affect these controls subsequent to the date of their evaluation and there were no corrective actions with regard to significant deficiencies or material weaknesses.</font></p> <p align=center><font size=2
face="Times New Roman">F-27</font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p align=center><font size="2" face="Times New Roman"><u><b>THE E. W. SCRIPPS COMPANY</b></u></font></p> <p align=center><font size="2" face="Times New Roman"><u>Index to Exhibits</u></font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="10%" valign=top> <p><font size=1 face="Times New Roman"><b>Exhibit No.</b></font></p> </td>
<td width="1%" valign=top> <p align=center>&nbsp;</p> </td>
<td width="70%" valign=top> <p align=center><font size=1 face="Times New Roman"><b>Item</b></font></p> </td>
<td width="1%" valign=top> <p align=center>&nbsp;</p> </td>
<td width="8%" valign=top> <p align=center><font size=1 face="Times New Roman"><b>Page</b></font></p> </td> </tr>
<tr>
<td width="10%" valign=top> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=top> <p align=center>&nbsp;</p> </td>
<td width="70%" valign=top> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=top> <p align=center>&nbsp;</p> </td>
<td width="8%" valign=top> <hr size=1 width="100%" noshade color=black align=center> </td> </tr>
<tr>
<td width="10%" valign=top> <p><font size="2" face="Times New Roman">12</font></p> </td>
<td width="1%" valign=top> <p>&nbsp;</p> </td>
<td width="70%" valign=top> <p><font size="2" face="Times New Roman">Ratio of Earnings to Fixed Charges</font></p> </td>
<td width="1%" valign=top> <p align=right>&nbsp;</p> </td>
<td width="8%" valign=top> <p align=right><font size="2" face="Times New Roman">E-2</font></p> </td> </tr>
<tr>
<td width="10%" valign=top> <p><font size="2" face="Times New Roman">99(a)</font></p> </td>
<td width="1%" valign=top> <p>&nbsp;</p> </td>
<td width="70%" valign=top> <p><font size="2" face="Times New Roman">Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</font></p> </td>
<td width="1%" valign=top> <p align=right>&nbsp;</p> </td>
<td width="8%" valign=top> <p align=right><font size="2" face="Times New Roman">E-3</font></p> </td> </tr>
<tr>
<td width="10%" valign=top> <p><font size="2" face="Times New Roman">99(b)</font></p> </td>
<td width="1%" valign=top> <p>&nbsp;</p> </td>
<td width="70%" valign=top> <p><font size="2" face="Times New Roman">Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</font></p> </td>
<td width="1%" valign=top> <p align=right>&nbsp;</p> </td>
<td width="8%" valign=top> <p align=right><font size="2" face="Times New Roman">E-4</font></p> </td> </tr> </table> <p align="center">E-1</p> <p><font size="2" face="Times New Roman">&nbsp;</font></p>
</BODY></HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-12
<SEQUENCE>3
<FILENAME>dex12.htm
<DESCRIPTION>RATIO OF EARNINGS TO FIXED CHARGES
<TEXT>
<HTML><HEAD>
<TITLE>Ratio of Earnings to Fixed Charges</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">

<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">
<a name="tx763_1"></a><b>RATIO OF EARNINGS TO FIXED CHARGES</b></font></p> </td>
<td width="52%" valign=bottom> <p align=right><font size=2 face="Times New Roman"><b>EXHIBIT 12</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr> </table> <BR>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="46%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="24%" colspan="5" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Three months ended<br> September 30,</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="24%" colspan="5" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Nine months ended<br> September 30,</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="24%" colspan="5" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="24%" colspan="5" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=1 face="Times New Roman"><i><b>(in thousands)</b></i></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p align=center>&nbsp;</p> </td>
<td width="11%" colspan="2" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">EARNINGS AS DEFINED:</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Earnings from operations before income taxes after eliminating undistributed earnings of 20%- to 50%-owned affiliates</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">80,281</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">39,817</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">190,737</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">241,151</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">Fixed charges excluding capitalized interest and preferred stock dividends of majority-owned subsidiary companies</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">9,458</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">9,900</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">25,806</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">35,935</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Earnings as defined</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">89,739</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">49,717</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">216,543</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">277,086</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">FIXED CHARGES AS DEFINED:</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">Interest expense, including amortization of debt issue costs</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">7,843</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">8,417</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">21,064</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">31,737</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Interest capitalized</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">185</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">179</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">529</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">591</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p><font size=2 face="Times New Roman">Portion of rental expense representative of the interest factor</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">1,615</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">1,483</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">4,742</font></p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom> <p align=right><font size=2 face="Times New Roman">4,198</font></p> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Preferred stock dividends of majority-owned subsidiary companies</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">20</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">20</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">60</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">60</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Fixed charges as defined</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">9,663</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">10,099</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">26,395</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">36,586</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom bgcolor="#cceeff" height="23"> <p><font size=2 face="Times New Roman">RATIO OF EARNINGS TO FIXED CHARGES</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff" height="23"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff" height="23"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff" height="23"> <p align=right><font size=2 face="Times New Roman">9.29</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff" height="23"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff" height="23"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff" height="23"> <p align=right><font size=2 face="Times New Roman">4.92</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff" height="23"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff" height="23"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff" height="23"> <p align=right><font size=2 face="Times New Roman">8.20</font></p> </td>
<td width="2%" valign=bottom bgcolor="#cceeff" height="23"> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff" height="23"> <p>&nbsp;</p> </td>
<td width="10%" valign=bottom bgcolor="#cceeff" height="23"> <p align=right><font size=2 face="Times New Roman">7.57</font></p> </td>
<td width="1%" valign=bottom bgcolor="#cceeff" height="23"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="46%" valign=bottom> <p>&nbsp;</p> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="2%" valign=bottom> <p>&nbsp;</p> </td>
<td width="1%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="10%" valign=bottom> <hr size=3 width="100%" noshade color=black align=center> </td>
<td width="1%" valign=bottom> <p>&nbsp;</p> </td> </tr> </table> <p align="center">E-2</p>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.A
<SEQUENCE>4
<FILENAME>dex99a.htm
<DESCRIPTION>CERTIFICATION OF CEO
<TEXT>
<HTML><HEAD>
<TITLE>Certification of CEO</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
  <p align=right><font size=2 face="Times New Roman"><u><b>Exhibit 99(a)</b></u></font></p> <p align=center>
<a name="tx763_2"></a><font size=2 face="Times New Roman"><u>CERTIFICATION PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</u></font></p> <p><font size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I,
Kenneth W. Lowe, President and Chief Executive Officer of The E. W. Scripps Company (the &#147;Company&#148;), hereby certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="11%"valign=top> <p align=center><font size=2 face="Times New Roman">(1)</font></p> </td>
<td width="88%" valign=top> <p><font size=2 face="Times New Roman">The Quarterly Report on Form 10-Q of the Company for the period ended September 30, 2002 (the &#147;Report&#148;), which this certification accompanies, fully complies with the
requirements of Section 13(a) of the Securities Exchange Act of 1934; and</font></p> </td> </tr>
<tr>
<td width="11%" colspan="2" valign=top> <p align=center>&nbsp;</p> </td>
<td width="88%" valign=top> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%"valign=top> <p align=center><font size=2 face="Times New Roman">(2)</font></p> </td>
<td width="88%" valign=top> <p><font size=2 face="Times New Roman">The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.</font></p> </td> </tr>
<tr>
<td width=36></td>
<td width=44></td>
<td width=641></td> </tr> </table> <p><font size=2 face="Times New Roman">&nbsp;</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="50%" valign=top> <p>&nbsp;</p> </td>
<td width="50%" valign=bottom> <p align=center><font size=2 face="Times New Roman">/s/&nbsp;KENNETH W. LOWE</font></p> </td> </tr>
<tr>
<td width="50%" valign=top> <p>&nbsp;</p> </td>
<td width="50%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td> </tr>
<tr>
<td width="50%" valign=top> <p>&nbsp;</p> </td>
<td width="50%" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Kenneth W. Lowe<br> President and Chief Executive Officer</b></font></p> </td> </tr>
<tr>
<td width="50%" valign=top> <p>&nbsp;</p> </td>
<td width="50%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="50%" valign=top> <p><font size=2 face="Times New Roman">November 6, 2002</font></p> </td>
<td width="50%" valign=bottom> <p>&nbsp;</p> </td> </tr> </table> <p align="center">E-3</p>
</BODY></HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.B
<SEQUENCE>5
<FILENAME>dex99b.htm
<DESCRIPTION>CERTIFICATION OF CFO
<TEXT>
<HTML><HEAD>
<TITLE>Certification of CFO</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
  <p align=right><font size=2 face="Times New Roman"><u><b>Exhibit 99(b)</b></u></font></p> <p align=center>
<a name="tx763_3"></a><font size=2 face="Times New Roman"><u>CERTIFICATION PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</u></font></p> <p><font size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I,
Joseph G. NeCastro, Senior Vice President and Chief Financial Officer of The E. W. Scripps Company (the &#147;Company&#148;), hereby certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="11%" colspan="2" valign=top> <p align=center><font size=2 face="Times New Roman">(1)</font></p> </td>
<td width="88%" valign=top> <p><font size=2 face="Times New Roman">The Quarterly Report on Form 10-Q of the Company for the period ended September 30, 2002 (the &#147;Report&#148;), which this certification accompanies, fully complies with the
requirements of Section 13(a) of the Securities Exchange Act of 1934; and</font></p> </td> </tr>
<tr>
<td width="100%" colspan="3" valign=top> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="11%" colspan="2" valign=top> <p align=center><font size=2 face="Times New Roman">(2)</font></p> </td>
<td width="88%" valign=top> <p><font size=2 face="Times New Roman">The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.</font></p> </td> </tr>
<tr>
<td width=36></td>
<td width=44></td>
<td width=641></td> </tr> </table> <p><font size=2 face="Times New Roman">&nbsp;</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="56%" valign=bottom> <p>&nbsp;</p> </td>
<td width="43%" valign=bottom> <p align=center><font size=2 face="Times New Roman">/s/ JOSEPH G. NECASTRO</font></p> </td> </tr>
<tr>
<td width="56%" valign=bottom> <p>&nbsp;</p> </td>
<td width="43%" valign=bottom> <hr size=1 width="100%" noshade color=black align=center> </td> </tr>
<tr>
<td width="56%" valign=bottom> <p>&nbsp;</p> </td>
<td width="43%" valign=bottom> <p align=center><font size=1 face="Times New Roman"><b>Joseph G. NeCastro<br> Senior Vice President and Chief Financial Officer</b></font></p> </td> </tr>
<tr>
<td width="56%" valign=bottom> <p>&nbsp;</p> </td>
<td width="43%" valign=bottom> <p align=center>&nbsp;</p> </td> </tr>
<tr>
<td width="56%" valign=bottom> <p><font size=2 face="Times New Roman">November 6, 2002</font></p> </td>
<td width="43%" valign=bottom> <p>&nbsp;</p> </td> </tr> </table> <p align="center">E-4</p>
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</TEXT>
</DOCUMENT>
</SUBMISSION>
