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DOW JONES & COMPANY INC (DJ)

Dow Jones & Company, Inc. provides worldwide business and financial news and information through newspapers, newswires, magazines, the Internet, indexes, television, and radio. It also provides news and information of general interest to local communities through its subsidiary, Ottaway Newspapers, Inc., in the United States. In addition, the company provides news content to CNBC and radio stations in the U.S. The company's publications include The Wall Street Journal, The Asian Wall Street Journal, The Wall Street Journal Europe, Barron's, Far Eastern Economic Review, The Wall Street Journal Sunday, The Wall Street Journal Special Editions, and The Wall Street Journal Classroom Edition. The company was co-founded by Charles Henry Dow, Edward Davis Jones, and Charles Milford Bergstresser in 1882. Dow Jones & Company is based in New York City.


BELO CORPORATION (BLC)

Belo Corp., a media company, engages in television broadcasting, newspaper publishing, cable news, and interactive media operations in the United States. The company primarily operates in three segments: Television Broadcasting, Newspaper Publishing, and Interactive Media. The Television Broadcasting segment sells air time for advertising and broadcasts news, entertainment, and other programmes. It owned 19 television stations and managed 1 television station through a local marketing agreement, as of December 31, 2004. The Newspaper Publishing segment engages in the sale of advertising space in published issues and newspapers to distributors and individual subscribers, as well as in commercial printing. The company's major newspaper publishing units are The Dallas Morning News, located in Dallas, Texas; The Providence Journal, located in Providence, Rhode Island; and The Press-Enterprise, located in Riverside, California. It also has newspaper operations in Denton, Texas. The Interactive Media segment sells advertising on Belo operating unit Web sites, as well as provides Internet and data retrieval services. Belo operates approximately 30 Web sites, various interactive alliances, and Internet-based products. It also engages in regional cable news operations, including Texas Cable News, NorthWest Cable News, and 24/7 NewsChannel in Boise, Idaho. The company also operates four cable news channels in partnership with Cox Communications and others in New Orleans, Louisiana. Belo Corp. was founded in 1842. The company was formerly known as A.H. Belo Corporation and changed its name to Belo Corp. in 2001. Belo is headquartered in Dallas, Texas.


WASHINGTON POST COMPANY (WPO)

The Washington Post Company operates in the media publishing and television broadcasting markets in the United States and internationally. It primarily operates in five segments: Newspaper Publishing, Television Broadcasting, Magazine Publishing, Cable Television, and Education. The Newspaper Publishing segment publishes newspapers in the Washington, D.C. area, and Everett, Washington, as well as in electronic media publishing, primarily the washingtonpost.com. The Television Broadcasting segment owns six very high frequency television stations located in Detroit, Michigan; Houston and San Antonio, Texas; and Miami, Jacksonville, and Orlando, Florida. The Magazine Publishing segment publishes a weekly news magazine, Newsweek, which has one domestic and three international editions; Arthur Frommer's Budget Travel; and business periodicals for the computer services industry and the Washington-area technology community. The Cable Television segment offers basic cable, digital cable, pay television, cable modem, and other services to subscribers in midwestern, western, and southern states. The Education segment provides education products and services, which include supplemental education services made up of Kaplan Test Prep and Admissions; test preparation services for college and graduate school entrance exams; Kaplan Professional, providing education and career services to business people and other professionals; and Score!, offering multimedia learning and private tutoring to children, and educational resources to parents. It also provides higher education services, which include the post-secondary education businesses, including the fixed-facility colleges that offer bachelor's degrees, associate's degrees, and diploma programs primarily in the fields of health care, business, and information technology; and online post-secondary and career programs. The Washington Post was founded by Stilson Hutchins in 1877. The company is based in Washington, D.C.


E.W. SCRIPPS COMPANY (SSP)

The E. W. Scripps Company operates as a media company with interests in newspaper publishing, national lifestyle television networks, broadcast television, television-retailing, interactive media, and licensing and syndication. Its media businesses provide content and advertising services via the Internet. The company operates daily and community newspapers in the United States. Its networks business includes five national lifestyle television networks. The company's broadcast television includes six ABC-affiliated stations, three NBC-affiliated stations, and one independent. Its shop at home business markets a range of consumer goods directly to television viewers and visitors to its Web site. The company's syndication and licensing business offers news features and comics. The company also distributes news columns, comics, and other features for the newspaper industry. In addition, it owns and licenses copyrights relating to Peanuts, Dilbert, and other properties for use on various products, including plush toys, greeting cards, and apparel, for promotional purposes and for exhibit on television and other media. The E. W. Scripps Company was founded in 1878 and is based in Cincinnati, Ohio.


TRIBUNE COMPANY (TRB)

Tribune Company, through its subsidiaries, operates as a media and entertainment company principally in the United States. The company engages in newspaper publishing, television and radio broadcasting, and entertainment businesses. Its primary daily newspapers are the Los Angeles Times, Chicago Tribune, Newsday, South Florida Sun-Sentinel, Orlando Sentinel, The Baltimore Sun, The Hartford Courant, The Morning Call, Daily Press, The Advocate, and Greenwich Time. The company's broadcasting and entertainment business includes The WB Television Network affiliates located in New York, Los Angeles, Chicago, Philadelphia, Boston, Dallas, Washington, D.C., Atlanta, Houston, Seattle, Miami, Denver, St. Louis, Portland, Indianapolis, San Diego, Hartford, New Orleans, and Albany; the FOX Network television affiliates in Seattle, Sacramento, Indianapolis, Hartford, Grand Rapids, and Harrisburg; and an ABC television affiliate in New Orleans. It also includes one radio station in Chicago; the Chicago Cubs baseball team; and Tribune Entertainment, a company that develops and distributes first-run television programming for the company's station group and national syndication. Tribune Company was founded in 1847 and is headquartered in Chicago, Illinois.


MEDIA GENERAL INC (MEG)

Media General, Inc., a diversified communications company, operates newspapers, television stations, and online enterprises in the southeastern United States. The company operates through three segments: Publishing Business, Broadcast Business, and Interactive Media Business. The Publishing Business segment's operations include daily and Sunday newspapers in Virginia, North Carolina, South Carolina, Alabama, and Florida. As of December 26, 2004, it owned 25 daily newspapers and approximately 100 other publications. Media General also has one-third equity interest in SP Newsprint Company, which operates newsprint mills in Dublin, Georgia, and Newberg, Oregon. The Broadcast business segment engages in the ownership, operation, and sale of broadcast television stations. As of the above date, it operated 26 network-affiliated television stations in the United States. The Interactive Media business segment provides online news, information, and entertainment to its customers. As of the same date, this segment comprised of approximately 50 interactive enterprises, as well as minority investments in various companies. The company is headquartered in Richmond, Virginia.


NEW YORK TIMES COMPANY (NYT)

The New York Times Company operates as a media company, which includes newspapers and related Internet businesses, television and radio stations, and forest products and other investments. It has two segments: News Media and Broadcast Media. The News Media segment comprises The New York Times; NYTimes.com; the International Herald Tribune, a newspaper distributor in the New York city metropolitan area; and the New England Media Group, consisting of The Boston Globe, Boston.com, and the Worcester Telegram & Gazette, as well as the Regional Media Group, consisting of 15 newspapers in Alabama, California, Florida, Louisiana, North Carolina, and South Carolina; and related print and digital businesses. The company operates approximately 40 Web sites. The Broadcast Media segment operates various television stations in Virginia, Tennessee, Oklahoma, Pennsylvania, Iowa, Ala, Illinois, and Arkansas, as well as two radio stations serving the New York City metropolitan area. In addition, New York Times has ownership interests in one newsprint mill and one mill producing supercalendered paper. The company was incorporated in 1896 and is headquartered in New York City.


JOURNAL COMMUNICATIONS INC (JRN)

Journal Communications, Inc. operates as a media and communications company in the United States. The company''s operations include publishing, radio and television broadcasting, telecommunications, and printing services. It publishes a daily newspaper, the Milwaukee Journal Sentinel; and owns and operates approximately 90 community newspapers and shoppers. As of April 15, 2005, the company owned and operated 7 television stations and 38 radio stations in 11 states, as well as operated an additional television station under a local marketing agreement. It provides network transmission solutions to other telecommunications carriers, including interexchange carriers, wireless carriers, Internet service providers, incumbent local exchange carriers, and competitive local exchange carriers; and integrated voice and data communications solutions, and managed services to small and medium sized businesses in the upper Midwest. As of the above date, it operated 3,794 route miles of fiber optic network connecting Wisconsin, Michigan, Indiana, Minnesota, Illinois, Iowa, and Ohio. The company also provides a range of printing services, including production of magazines, professional journals, and documentation material, as well as offers electronic publishing, kit assembly, and fulfillment. In addition, it produces glue-applied, in-mold, and pressure sensitive labels for various industries, such as beverages, automotive products, and household chemicals, as well as provides direct marketing support services to marketers of automotive, retail, publishing, financial, and other services. Journal Communications was founded in 1882 and is headquartered in Milwaukee, Wisconsin.


GANNETT CO. INC (GCI)

Gannett Co., Inc. operates as a news and information company primarily in the United States and the United Kingdom. The company engages in the publication of newspapers and operation of broadcasting stations and Web sites. It also markets and offers commercial printing, a newswire service, data services, and news programming services. As of February 22, 2005, the company published 101 daily newspapers, including USA TODAY, and owned approximately 750 nondaily publications, as well as operated 21 television stations in the United States. It also published approximately 300 titles, including 17 daily newspapers in the United Kingdom, as of the above date. Gannett was founded by Frank E. Gannett in 1906. The company is headquartered in McLean, Virginia.


LEE ENTERPRISES INCORPORATED (LEE)

Lee Enterprises, Incorporated publishes daily newspapers, weekly, classified, and specialty publications. It publishes 58 daily newspapers in 23 states; and 300 weekly, classified, and specialty publications. The company also provides online services, including Web sites supporting its daily newspapers and certain of its other publications. In addition, it owns 82.5% of an Internet service company, which provides online infrastructure for 1000 daily and weekly newspapers, and shoppers; and has minority investments in two Internet service companies, which provide integrated online classified solutions for the newspaper industry, integrate online editorial content, and provides transactional and promotional opportunities. Further, the company offers commercial printing services to its customers. Lee Enterprises was founded in 1890 by A.W. Lee and is based in Davenport, Iowa.


GATEHOUSE MEDIA INC (GHS)

GateHouse Media, Inc. engages in the publication of print and online media in the United States. The company publishes yellow page and white page directories in Sacramento, California area, as well as provides Internet yellow pages through its Web site sacramento.com. It also produces various niche publications that address specific local market interests, such as recreation, sports, healthcare, and real estate. As of June 30, 2007, the company's portfolio comprised 470 community publications, including 87 daily newspapers, 251 weekly newspapers, and 132 shoppers, as well as approximately 245 related local Web sites and 7 yellow page directories. GateHouse Media was formerly known as Liberty Group Publishing, Inc. and changed its name to GateHouse Media, Inc. in 2006. The company is headquartered in Fairport, New York.


MCCLATCHY COMPANY (MNI)

The McClatchy Company, a holding company, engages in the ownership and publication of newspapers primarily in the United States. The company also operates local Web sites in its daily newspaper markets, offering users information, news, advertising, e-commerce, and other services. It owns and operates McClatchy Interactive, an interactive media operation that provides newspapers with content, publishing tools, and software development. The company's newspapers include the Star Tribune, The Sacramento Bee, The Fresno Bee, The Modesto Bee, The News&Observer, The News Tribune, and the Anchorage Daily News. As of December 26, 2004, it owned and published 30 newspapers, including daily and nondaily newspapers in Minnesota, California, the Carolinas, Alaska, and Washington. The company had an average daily circulation of 1,419,311, Sunday circulation of 1,847,242, and nondaily circulation of 69,379 papers, as of the above date. The McClatchy Company was founded in 1860 and is headquartered in Sacramento, California.


JOURNAL REGISTER COMPANY (JRC)

Journal Register Company operates as a newspaper publishing company in the United States. As of December 26, 2004, the company owned and operated 27 daily newspapers and 338 nondaily publications strategically clustered in seven geographic areas: Greater Philadelphia, Michigan, Connecticut, Greater Cleveland, Central New England, and the Capital-Saratoga and Mid-Hudson regions of New York. The company's newspapers serve the needs of its local readers and advertisers. The editorial content of its newspapers includes coverage of local youth, high school, college, and professional sports, as well as local business, politics, entertainment, and culture. The company also publishes various special sections, as well as niche and special interest publications. In addition, Journal Register operates 195 Web sites, which are affiliated with its daily newspapers and nondaily publications, as well as portal sites. Further, the company owns and manages commercial printing operations in Connecticut and Pennsylvania. Journal Register was founded in 1994 and is based in Trenton, New Jersey.


HOLLINGER INTERNATIONAL INC (SVN)

Sun-Times Media Group, Inc. engages in publishing, printing, and distributing newspapers in the United States. The company offers the Chicago Sun-Times, Post Tribune, Daily Southtown, other newspapers, and associated Web sites in the Chicago metropolitan area. It operates www.searchchicago.com/autos, an automotive Web site; and www.chicagojobs.com, an employment Web site. The company was founded in 1986. It was formerly known as Hollinger International, Inc. and changed its name to Sun-Times Media Group, Inc. in 2006. The company is headquartered in Chicago, Illinois. Sun-Times Media Group, Inc. is a subsidiary of Hollinger, Inc.