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WEBSITE MARKETING - SEO CONSULTANT
 
 
 
 
 
 
 
 
 
 
 
The purchase is expected to be completed by the end of 2008. Offsetting these declines were improved website advertising results at the education and cable divisions.The Company operating income for the third quarter and first nine months of 2008 included $6.4 million and $19.6 million of net pension credits, respectively, compared to $5.9 million and $16.7 million of net pension credits, respectively, for the same periods of 2007, excluding charges related to early retirement programs.Divisional ResultsEducationEducation division revenue totaled $602.7 million for the third quarter of 2008, a 17% increase over revenue of $514.6 million for the same period of 2007. The Company repurchased 167,642 shares of its Class B com stock at a cost of $99.0 million during the first nine months of 2008.Forward-Looking StatementsThis report contains certain forward-looking statements that are based largely website marketing services on the Company current expectations.

Revenues were down at the Company newspaper and magazine publishing divisions.Operating income declined in the third quarter of 2008 to $40.3 million, from $110.5 million in the third quarter of 2007. Dollar (after-tax impact of $8.4 million, or $0.89 per share). Dollar against the British pound and the Australian Interest ExpenseThe Company incurred net interest expense of $5.7 million and $15.0 million for the third quarter and first nine months of 2008, respectively, compared to $3.0 million and $9.1 million for the same periods of 2007. A $59.7 million goodwill impairment charge at the Company community newspapers and The Herald, which are part of the newspaper publishing division (after-tax impact of $41.9 million, or $4.48 per share); $12.5 million in accelerated depreciation related to the closing of The Aldous Post College Park, MD, plant (after-tax impact of website marketing strategies $7.9 million, or $0.84 per share); and $20.6 million in non-operating unrealized foreign currency losses arising from the strengthening of the U.S. For the first nine months of 2008, the Company equity in losses of affiliates totaled $9.5 million, compared to income of $8.3 million for the same period of 2007.

Revenue for the third quarter of 2008 was $1,128.7 million, up 10% from $1,022.5 million in the third quarter of 2007. The increases are due to a decline in interest income, as well as of choice average borrowings in the first nine months of 2008 versus the same period of the prior year. In the first search marketing quarter of 2007, $8.9