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At the end of 2001, Newsquest had approximately 8,500 full-time and part-time employees. Newsquest employees have local staff councils for consultation and communication with local Newsquest management. Newsquest provides the majority of its employees with the option to participate in a retirement plan that incorporates life insurance and a stock option linked savings plan. 

Newsquest newspapers operate in competitive markets. Their principal competitors include other regional and national newspaper and magazine publishers, other advertising media such as radio and billboard, and Internet-based news, informa- tion and communication businesses. 

## Key revenue and expense data – for all newspapers combined 

The table that follows summarizes the circulation volume and revenues of U.S. newspapers owned by the company at the end of 2001, including USA TODAY. The table also includes circulation revenue for all Newsquest publications and circulation volume for Newsquest’s fifteen paid daily newspapers. This table assumes that all newspapers owned by the company at the end of 2001 were owned during all years shown. 

For purposes of presenting pro forma information, the tables and related commentary below include net paid circulation and a pro rata portion of the revenue and linage data for the company’s newspapers participating in joint operating agencies, consistent with prior years. 

## Circulation: newspapers owned on Dec. 30, 2001 

<img src='content_image/2474.jpg'>

The following chart summarizes the advertising linage (in six-column inches) and advertising revenues of the newspapers owned by the company at the end of 2001. For Newsquest, advertising revenues are reflected, but linage is not. The chart assumes that all of the newspapers owned at the end of 2001 were owned during all years shown. 

## Advertising: newspapers owned on Dec. 30, 2001 

<img src='content_image/2478.jpg'>

