Media General, Inc.
BUSINESS SEGMENTS
(Unaudited, in thousands) Publishing Broadcast Interactive
Media		 Eliminations Total
Quarter Ended September 29, 2002          
Consolidated revenues  $ 127,313  $   71,433  $    2,858  $    (451)  $ 201,153
 
Segment operating cash flow  $   34,151  $   22,221  $  (1,064)    $   55,308
Allocated amounts:          
  Equity in net income of unconsolidated affiliate  128        128
  Write-off of investment      (1,160)    (1,160)
  Depreciation and amortization  (6,793)  (5,516)  (237)    (12,546)
     
    Segment profit (loss)  $  27,486  $   16,705  $  (2,461)    41,730
       
   
Unallocated amounts:          
  Interest expense          (11,607)
  Investment loss-SP Newsprint          (4,551)
  Acquisition intangibles amortization          (3,035)
  Corporate expense          (8,261)
  Other          2,104
             
    Consolidated income before income taxes          $  16,380
             
Quarter Ended September 30, 2001          
Consolidated revenues  $ 130,092  $   61,166  $   2,207  $    (413)  $ 193,052
 
Segment operating cash flow  $   35,584  $   14,387  $    (581)    $   49,390
Allocated amounts:          
  Equity in net loss of unconsolidated affiliates  (575)    (306)    (881)
  Write-off of investment      (1,826)    (1,826)
  Depreciation and amortization  (6,949)  (5,273)  (137)    (12,359)
     
    Segment profit (loss)  $   28,060  $     9,114  $  (2,850)    34,324
       
   
Unallocated amounts:          
  Interest expense          (13,948)
  Investment income-SP Newsprint          4,127
  Acquisition intangibles amortization          (15,096)
  Corporate expense          (7,353)
  Other          (2,870)
         
    Consolidated loss from continuing operations before income taxes      $     (816)
         
Nine Months Ended September 29, 2002          
Consolidated revenues  $ 388,035  $ 212,443  $   8,272  $ (1,306)  $ 607,444
 
Segment operating cash flow  $ 109,285  $   66,988  $ (2,518)    $ 173,755
Allocated amounts:          
  Equity in net loss of unconsolidated affiliates  (644)    (413)    (1,057)
  Write-off of investment      (1,160)    (1,160)
  Depreciation and amortization  (20,848)  (16,348)  (845)    (38,041)
     
    Segment profit (loss)  $   87,793  $   50,640  $ (4,936)    133,497
       
   
Unallocated amounts:          
  Interest expense          (36,961)
  Investment loss-SP Newsprint          (9,133)
  Acquisition intangibles amortization          (8,892)
  Corporate expense          (25,828)
  Other          (211)
           
    Consolidated income before income taxes and cumulative effect of change in accounting principle        $   52,472
           
Nine Months Ended September 30, 2001          
Consolidated revenues  $ 404,323  $ 187,933  $   6,699  $ (1,275)  $ 597,680
 
Segment operating cash flow  $ 108,412  $   48,124  $ (1,794)    $ 154,742
Allocated amounts:          
  Equity in net income (loss) of unconsolidated affiliates  3,389    (2,164)    1,225
  Write-off of investments      (4,149)    (4,149)
  Depreciation and amortization  (21,330)  (15,952)  (543)    (37,825)
     
    Segment profit (loss)  $   90,471  $   32,172  $ (8,650)    113,993
       
   
Unallocated amounts:          
  Interest expense          (40,372)
  Investment income-SP Newsprint          19,226
  Acquisition intangibles amortization          (45,354)
  Corporate expense          (24,980)
  Other          (5,220)
         
    Consolidated income from continuing operations before income taxes      $   17,293
         

Return to Friday, Oct. 18, 2002 press release

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