Community newspapers and shoppers revenue for the first quarter decreased 6.4%to $8.5 million compared to $9.1 million. The decrease was primarily due todeclines in automotive and real estate retail advertising revenue and waspartially offset by $1.2 million in revenue from recent acquisitions. Operatingloss from community newspapers and shoppers was $0.7 million compared to anoperating loss of $0.3 million. Operating expenses are down 2.0% primarily dueto cost savings from workforce reduction initiatives partially offset byexpenses relating to acquisitions during 2008.

BroadcastingFor the first quarter, broadcasting revenue decreased 20.5% to $39.2 millioncompared to $49.4 million led by decreases in local advertising revenue of 18.3%and national advertising revenue of 27.3%. Total broadcast political and issueadvertising revenue was $0.1 million compared to $1.9 million. Retransmissionrevenue was $1.3 million compared to $0.3 million. Broadcasting operatingearnings of $0.9 million decreased 88.0% compared to $7.1 million. Revenue from television stations for the first quarter decreased 19.8% to $26.0million compared to $32.4 million. Television political and issue advertisingrevenue was essentially zero compared to $1.7 million. Operating earnings fromtelevision stations of $0.1 million decreased 98.1% compared to $3.6 million.Television operating expenses (including KWBA-TV that was acquired in July 2008)are down 9.9% compared to last year primarily due to the reduction in payrollrelated costs.

For the first quarter, revenue from radio stations of $13.2 million was down21.9% compared to $17.0 million. Operating earnings from radio stations of $0.8million decreased 77.5% compared to $3.5 million, largely reflecting thedeclines in revenue partially offset by a 7.5% decrease in radio operatingexpenses primarily due to the reduction in payroll related costs. Printing ServicesFor the first quarter, revenue from printing services decreased 13.5% to $14.3million compared to $16.5 million due to a decline in printing business fromoriginal equipment manufacturers and computer-related customers. Operatingearnings from printing services decreased 97.4% to $20,000 compared to $0.8million, primarily due to the decline in revenue, partially offset by employeerelated cost reduction initiatives and production efficiencies.

Other (Direct Marketing and Corporate)For the first quarter, revenue for “Other” of $5.2 million decreased 32.5%compared to revenue of $7.7 million due to a decrease in revenue at our mailingservices business. “Other” operating earnings of $0.1 million decreased 76.0%compared to $0.4 million. Discontinued OperationsThere were no results from discontinued operations in the first quarter 2009.For the first quarter 2008, the earnings from the discontinued operations ofNorthStar Print Group were $0.4 million. Non-Operating ItemsFor the first quarter, other expense, which primarily consists of interestexpense, was $0.8 million compared to $2.3 million. Interest expense decreaseddue to a decline in the interest rate on our borrowings. The first quarter effective tax benefit rate was favorably impacted by asettlement reached on an income and franchise tax audit assessment issued by theWisconsin Department of Revenue. Debt and Cash FlowsAt the end of the first quarter, our debt of $200.3 million represented 2.9times the trailing four quarters of EBITDA From the end of 2008, debt wasreduced by $14.8 million.