DISCONTINUED OPERATIONS
 12 Months Ended
Dec. 29, 2013
DISCONTINUED OPERATIONS [Abstract]  
DISCONTINUED OPERATIONS
11
DISCONTINUED OPERATIONS

KMIR-TV and My 13 KPSE-TV
On October 4, 2013, our broadcasting business, agreed to the sale of stations KMIR-TV and My 13 KPSE-TV in Palm Springs, California to OTA Broadcasting, LLC, an affiliate of Virginia based OTA Broadcasting, LLC for $17,000 in cash and certain other contingent considerations.  The transaction closed effective January 1, 2014.  We expect to record a pre-tax book gain of $10,200 in the first quarter of 2014.
 
The following table summarizes Palm Spring’s revenue and earnings before income taxes as reported in earnings (loss) from discontinued operations, net of applicable income taxes in the consolidated statements of operations for all periods presented:

Years ended December 29, December 30 and December 25
 
2013
  
2012
  
2011
 
Revenue
 
$
5,483
  
$
6,924
  
$
5,341
 
Earnings (loss) before income taxes
 
$
(62
)
 
$
1,262
  
$
240
 

The following table presents the aggregate carrying amounts of the major classes of assets divested:

Assets:
 
 
Cash and cash equivalents
 
$
1
 
Receivables, net
  
1,149
 
Prepaid expenses and other current assets
  
11
 
Program and barter rights
  
620
 
Deferred income taxes
  
713
 
Property and equitment, net
  
1,852
Network affiliations, net
  
1,935
 
Income tax receivable
  
767
 
Total assets
 
$
7,048
 
 
    
Liabilities:
    
Accounts payable
 
$
37
 
Accrued compensation
  
133
 
Deferred revenue
  
57
 
Syndicated programs
  
640
 
Other current liabilities
  
18
 
Total liabilities
 
$
885
 

NorthStar Print Group, Inc.
During 2005, Multi-Color Corporation (Multi-Color) acquired substantially all of the assets and certain liabilities of NorthStar Print Group, Inc. (NorthStar), our former label printing business.  Certain liabilities were excluded from the sale of NorthStar and primarily consisted of environmental site closure costs for both the Green Bay, Wisconsin real estate and real estate located in Norway, Michigan.  In January 2011, upon environmental site closure in Green Bay, Wisconsin, we sold the real estate holdings to Multi-Color according to the 2005 sale agreement.  The net proceeds were $822 and we recorded a pre-tax gain of $610.  We continue to have environmental site closure obligations with respect to the Norway, Michigan real estate, which was sold to Multi-Color in 2005.

The following table summarizes NorthStar’s revenue and earnings before income taxes as reported in earnings (loss) from discontinued operations, net of applicable income taxes in the consolidated statements of operations for all periods presented:

 
 
2013
  
2012
  
2011
 
Years ended December 29, December 30 and December 25
 
  
  
 
 
 
  
  
 
Revenue
 
$
-
  
$
-
  
$
-
 
Earnings before income taxes
 
$
-
  
$
-
  
$
562