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Rob Zenilman submits: Normalized net income (includes the effect of taxes, but excludes any unusual items) per employee in the Diversified Media sector for the most recently reported fiscal year ranged from $170,612 (VIA-B) down to -$6,767 (HLR), with a median value of $21,052

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Data in table version -- click on a ticker for opinion and analysis of the company:

FY Net Income
FY Net Income # of Per Employee
Ticker Company Ending ($mm) Employees ($000)
BLCBelo Corp.12/31/05$1297,200
$18
CBSCBS Corporation09/30/05$1,22832,160
$38
CCUClear Channel Comm12/31/05$66931,800
$21
DISWalt Disney Co.10/01/05$2,559133,000
$19
DJDow Jones & Co. In12/31/05$807,501
$11
EMMSEmmis Communicatio02/28/06$141,720
$8
GCIGannett Co. Inc.12/25/05$1,13652,600
$22
HLRHollinger Internat12/31/05-$192,862
-$7
JRNJournal Communicat12/25/05$654,650
$14
KRIKnight-Ridder Inc.12/25/05$25518,500
$14
MNIMcClatchy Co.12/25/05$1657,619
$22
NWSANews Corp.06/30/05$2,17244,000
$49
NYTNew York Times Co.12/25/05$23811,965
$20
TRBTribune Co.12/25/05$68922,400
$31
TWXTime Warner Inc.12/31/05$3,93587,850
$45
UVNUnivision Communic12/31/05$3034,219
$72
VIA-BViacom Inc.12/31/05$1,6219,500
$171
WONWestwood One Inc.12/31/05$862,070
$41
WPOWashington Post Co01/01/06$31316,400
$19

Data: CapitalIQ

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Source: Chart: Diversified Media Stocks - Net Income Per Employee