32 CONSOLIDATED STATEMENTS OF INCOME The accompanying notes are an integral part of these consolidated financial statements. In thousands of dollars Fiscal year ended  Dec. 30, 2001 Dec. 31, 2000 Dec. 26, 1999  Net operating revenues Newspaper advertising $ 4,119,773 $ 3,972,936 $ 3,115,250 Newspaper circulation 1,233,106 1,120,991 971,114 Broadcasting 662,652 788,767 728,642 All other 328,714 339,624 280,356 Total 6,344,245 6,222,318 5,095,362 Operating expenses Cost of sales and operating expenses, exclusive of depreciation 3,320,161 3,057,252 2,459,749 Selling, general and administrative expenses, exclusive of depreciation 990,472 971,895 792,421 Depreciation 202,456 195,428 169,460 Amortization of intangible assets 241,321 180,487 110,631 Total 4,754,410 4,405,062 3,532,261 Operating income 1,589,835 1,817,256 1,563,101 Non-operating income (expense) Interest expense (221,854) (219,228) (94,619) Interest income 4,676 27,209 5,739 Other (2,060) (16,397) 52,966 Total (219,238) (208,416) (35,914) Income before income taxes 1,370,597 1,608,840 1,527,187 Provision for income taxes 539,400 636,900 607,800 Income from continuing operations  831,197 971,940 919,387 Discontinued operations Income from the operation of discontinued operations, net of income taxes of $0, $1,598 and $27,700, respectively 2,437 38,541 Gain on sale of cable business, net of income taxes of $889,300 744,700 Net income $ 831,197 $ 1,719,077 $ 957,928 Earnings per share – basic Earnings from continuing operations $3.14 $3.65 $3.29 Earnings from discontinued operations: Discontinued operations, net of tax .01 .14 Gain on sale of cable business, net of tax 2.79 Net income per share – basic $3.14 $6.45 $3.43 Earnings per share – diluted Earnings from continuing operations $3.12 $3.63 $3.26 Earnings from discontinued operations: Discontinued operations, net of tax .01 .14 Gain on sale of cable business, net of tax 2.77 Net income per share – diluted $3.12 $6.41 $3.40