46 NOTE 10 Business operations and segment information Business segment financial information The company has determined that its reportable segments based on its management and internal reporting structure are newspa- per publishing, which is the largest segment of its operations; and broadcasting (television). The cable division’s operating results, identifiable assets and capital expenditures have been retroactively excluded from the segment data presented herein, since as discussed in Note 1, the division has been reclassified in the statements of income and related discussions as discontinued operations.  The newspaper segment at the end of 2001 consisted of 95 U.S. daily newspapers in 40 states and one U.S. territory, includ- ing USA TODAY, a national, general-interest daily newspaper; and USA WEEKEND, a magazine supplement for newspapers. The newspaper segment also includes Newsquest (including Newscom, acquired in 2000) which is a regional newspaper pub- lisher in the United Kingdom with a portfolio of more than 300 titles that includes 15 paid-for daily newspapers, paid-for weekly newspapers, free weekly newspapers and other publications. The newspaper segment in the U.S. also includes over 300 non-daily publications, a nationwide network of offset presses for commer- cial printing, newspaper related online businesses and several smaller businesses. Newsprint, which is the principal product used in newspaper publishing, has been and may continue to be subject to significant price changes from time to time.  As discussed in Note 1, the company accounts for its 50% owned joint operating agencies in Detroit and Tucson on the equity method of accounting (as a single net amount in other operating revenue for the newspaper segment). The newspaper segment also reflects a minority interest in a newspaper publish- ing partnership and a newsprint production partnership. The broadcasting segment’s activities for 2001 include the  operation of 22 U.S. television stations reaching 17.7 percent of U.S. television homes.  The company’s foreign revenues in 2001 and 2000 totaled approximately $773 million and $694 million, respectively,  principally from publications distributed in the United Kingdom.  The company’s long-lived assets in foreign countries totaled approximately $2.3 billion at Dec. 30, 2001, principally in the United Kingdom. Separate financial data for each of the company’s business  segments is presented in the table which follows. The accounting  policies of the segments are those described in Note 1. The company evaluates the performance of its segments based on operating income and operating cash flow. Operating income represents total revenue less operating expenses, including depreciation and amortization of intangibles. In determining operating income by industry segment, general corporate expenses, interest expense, interest income, and other income and expense items of a non-operating nature are not considered, as such items are not allocated to the company’s segments. In thousands of dollars Operating cash flow represents operating income plus deprecia- tion and amortization of intangible assets. Upon adoption of SFAS No. 142 beginning with fiscal year 2002, the company ceased amortizing goodwill. See Note 1 for a further discussion of this accounting change. Corporate assets include cash and marketable securities, certain investments, long-term receivables and plant and equipment primarily used for corporate purposes. Interest capitalized has been included as a corporate capital expenditure for purposes of segment reporting.  (1) Corporate amounts represent those not directly related to the  company’s two business segments. (2) Operating cash flow amounts represent operating income plus depreciation and amortization of intangible assets.  (3) Excludes assets related to discontinued operations totaling $1,112,527 in 1999. (4) Excludes capital expenditures made for discontinued operations totaling $13,298 for 1999. 2001 2000 1999 Operating revenues Newspaper publishing $ 5,681,593 $ 5,433,551 $4,366,720 Broadcasting 662,652 788,767 728,642 $ 6,344,245 $ 6,222,318 $5,095,362 Operating income Newspaper publishing $ 1,400,609 $ 1,522,350 $1,291,665 Broadcasting 249,783 359,955 337,537 Corporate (1)  (60,557) (65,049) (66,101) $ 1,589,835 $ 1,817,256 $1,563,101 Depreciation and amortization Newspaper publishing $ 369,044 $ 302,544 $ 207,720 Broadcasting 67,639 65,210 62,861 Corporate (1) 7,094 8,161 9,510 $ 443,777 $ 375,915 $ 280,091 Operating cash flow (2) Newspaper publishing $ 1,769,653 $ 1,824,894 $1,499,385 Broadcasting 317,422 425,165 400,398 Corporate (1) (53,463) (56,888) (56,591) $ 2,033,612 $ 2,193,171 $1,843,192 Identifiable assets (3)  Newspaper publishing $10,558,641 $10,608,191 $5,748,018 Broadcasting 2,004,486 1,923,422 1,841,699 Corporate (1) 532,974 448,798 304,202 $13,096,101 $12,980,411 $7,893,919 Capital expenditures (4)  Newspaper publishing $ 230,223 $ 242,885 $ 190,259 Broadcasting 21,602 49,829 24,831 Corporate (1) 72,754 57,866 30,055 $ 324,579 $ 350,580 $ 245,145