Contingent Liabilities

12 Months Ended

Dec. 31, 2012

Commitments/ Contingent Liabilities [Abstract]

Contingent Liabilities

Note 15: Contingent Liabilities

On October 24, 2006, 18 former employees of The Dallas Morning News filed a lawsuit against The Dallas Morning News, the Company, and others in the United States District Court for the Northern District of Texas. The plaintiffs’ lawsuit mainly consisted of claims of unlawful discrimination and ERISA violations. On March 28, 2011, the District Court granted defendants summary judgment and dismissed all claims. On July 15, 2011, the plaintiffs appealed the decision to the United States Court of Appeals for the Fifth Circuit. On August 20, 2012, the Fifth Circuit affirmed the District Court’s decision. Plaintiffs’ time to seek review by the U. S. Supreme Court has since expired. Therefore the summary judgment has been affirmed and all claims dismissed.

Various legal proceedings are pending against the Company, including matters relating to alleged libel and/or defamation. In the opinion of management, liabilities, if any, arising from these other legal proceedings would not have a material adverse effect on the consolidated results of operations, liquidity or financial condition of the Company.