| RECONCILIATION OF RESULTS TO PREVIOUSLY REPORTED AMOUNTS | EXHIBIT 99.02 |
A reconciliation of the preceding contribution to segment profit for each of our national television networks to previously reported amounts is presented below:
| (in thousands) 2004 |
1st Quarter |
2nd Quarter |
3rd Quarter |
4th Quarter |
Total |
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| HGTV: |
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| Direct contribution to segment profit |
$ | 50,563 | $ | 62,613 | $ | 49,284 | $ | 63,174 | $ | 225,634 | ||||||||||
| Allocated shared expenses |
(6,821 | ) | (6,693 | ) | (7,522 | ) | (8,047 | ) | (29,083 | ) | ||||||||||
| Equity in earnings of joint ventures |
259 | 640 | 441 | 673 | 2,013 | |||||||||||||||
| Contribution to segment profit as previously reported |
$ | 44,001 | $ | 56,560 | $ | 42,203 | $ | 55,800 | $ | 198,564 | ||||||||||
| Food Network: |
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| Direct contribution to segment profit |
$ | 32,855 | $ | 43,548 | $ | 36,348 | $ | 50,630 | $ | 163,381 | ||||||||||
| Allocated shared expenses |
(5,786 | ) | (5,794 | ) | (6,549 | ) | (6,355 | ) | (24,484 | ) | ||||||||||
| Equity in earnings of joint ventures |
14 | 247 | 97 | 435 | 793 | |||||||||||||||
| Contribution to segment profit as previously reported |
$ | 27,083 | $ | 38,001 | $ | 29,896 | $ | 44,710 | $ | 139,690 | ||||||||||
| DIY: |
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| Direct contribution to segment profit |
$ | 1,015 | $ | 1,710 | $ | 928 | $ | 2,283 | $ | 5,936 | ||||||||||
| Allocated shared expenses |
(3,426 | ) | (3,523 | ) | (3,535 | ) | (3,411 | ) | (13,895 | ) | ||||||||||
| Contribution to segment profit (loss) as previously reported |
$ | (2,411 | ) | $ | (1,813 | ) | $ | (2,607 | ) | $ | (1,128 | ) | $ | (7,959 | ) | |||||
| Fine Living: |
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| Direct contribution to segment profit (loss) |
$ | (2,553 | ) | $ | (1,808 | ) | $ | (2,471 | ) | $ | (2,801 | ) | $ | (9,633 | ) | |||||
| Allocated shared expenses |
(2,599 | ) | (3,274 | ) | (3,222 | ) | (2,992 | ) | (12,087 | ) | ||||||||||
| Equity in earnings (losses) of joint ventures |
(17 | ) | (51 | ) | (68 | ) | ||||||||||||||
| Contribution to segment profit (loss) as previously reported |
$ | (5,152 | ) | $ | (5,082 | ) | $ | (5,710 | ) | $ | (5,844 | ) | $ | (21,788 | ) | |||||
| Great American Country (1): |
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| Direct contribution to segment profit (loss) |
$ | (7 | ) | $ | (7 | ) | ||||||||||||||
| Allocated shared expenses |
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| Contribution to segment profit (loss) as previously reported |
$ | (7 | ) | $ | (7 | ) | ||||||||||||||
| (1) | Great American Country’s results reflect activity since the November 17, 2004 acquisition date. |