62 QUARTERLY STATEMENTS OF INCOME In thousands of dollars Fiscal year ended December 30, 2001 1st Quarter  2nd Quarter  3rd Quarter  4th Quarter  Total Net operating revenues Newspaper advertising $1,020,934 $1,057,899 $ 988,045 $1,052,895 $4,119,773 Newspaper circulation 313,009 306,019 306,139 307,939 1,233,106 Broadcasting  155,613 178,692 148,229 180,118 662,652 All other 85,392 84,622 75,515 83,185 328,714 Total 1,574,948 1,627,232 1,517,928 1,624,137 6,344,245 Operating expenses Cost of sales and operating expenses, exclusive of depreciation  839,547 824,030 824,839 831,745 3,320,161 Selling, general and administrative expenses, exclusive of depreciation 254,738 246,324 244,308 245,102 990,472 Depreciation  53,281 51,059 50,916 47,200 202,456 Amortization of intangible assets 59,343 59,457 61,267 61,254 241,321 Total 1,206,909 1,180,870 1,181,330 1,185,301 4,754,410 Operating income  368,039 446,362 336,598 438,836 1,589,835 Non-operating (expense) income Interest expense (80,442) (61,728) (48,600) (31,084) (221,854) Other 448 528 530 1,110 2,616 Total (79,994) (61,200) (48,070) (29,974) (219,238) Income before income taxes 288,045 385,162 288,528 408,862 1,370,597 Provision for income taxes  113,500 151,700 113,700 160,500 539,400 Income from continuing operations 174,545 233,462 174,828 248,362 831,197 Discontinued operations Income from discontinued operations, net Gain on sale of cable business, net of tax Net income $ 174,545 $ 233,462 $ 174,828 $ 248,362 $ 831,197 Basic earnings per share Basic earnings from continuing operations  $.66 $.88 $.66 $.94$3.14 Basic earnings from discontinued operations: Discontinued operations, net of tax Gain on sale of cable business, net of tax  Net income per share – basic  $.66 $.88 $.66 $.94$3.14 Diluted earnings per share Diluted earnings from continuing operations (1) $.66 $.88 $.66 $.93 $3.12 Diluted earnings from discontinued operations: Discontinued operations, net of tax Gain on sale of cable business, net of tax  Net income per share – diluted (1) $.66 $.88 $.66 $.93 $3.12 (1) As a result of rounding, the total of the four quarters’ earnings per share does not equal the earnings per share for the year.