| (X) | ANNUAL      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|-----|------------------------------------------------------------------------------------------------|

| (       ) | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|----------------|----------------------------------------------------------------------------------------------------|

| For      the fiscal year ended December 31, 2009 | Commission      file number 2-28286                 |
|--------------------------------------------------|-----------------------------------------------------|
|                                             |                                                |
| The      Bureau of National Affairs, Inc.        |                                                     |
|                                             |                                                |
| A      Delaware Corporation                      | 53-0040540(I.R.S.      Employer Identification No.) |
|                                             |                                                |
| 1801      South Bell Street                      | (703)      341-3000                                 |
| Arlington,      Virginia 22202                   | (telephone      number)                             |

| Large accelerated filer o | Accelerated filer o | Non-accelerated filer x | Smaller reporting company      o |
|---------------------------|--------------------------|-------------------------|----------------------------------|

----

| TABLE OF      CONTENTS |
|-----------------------------|
|                        |   |   |
| .                           |   | Page      No. |
|                        | PART      I. |   |
| Item 1.                     | Business | 3 |
| Item 1A.                    | Risk      Factors |  9 |
| Item 1B.               | Unresolved Staff      Comments |  10 |
| Item 2.                     | Properties | 10 |
| Item 3.                     | Legal      Proceedings | 10 |
| Item 4.                     | Reserved | 10 |
|                        |   |   |
|                        | PART      II. |   |
| Item 5.                     | Market for the Registrant's Common Equity, Related      Stockholder |   |
|                        | Matters and Issuer Purchases of      Equity Securities | 11 |
| Item 6.                | Selected Financial Data | 13 |
| Item 7.                | Management's Discussion and      Analysis of Financial Condition and |   |
|                        | Results of Operations | 14 |
| Item7A.                     | Quantitative and Qualitative Disclosures About Market      Risk | 22 |
| Item 8.                | Financial Statements and Supplementary      Data | 23 |
| Item 9.                | Changes in and Disagreements with      Accountants on Accounting |   |
|                        | and Financial    Disclosure | 54 |
| Item 9A(T).            | Controls and Procedures | 54 |
| Item 9B.          | Other      Information | 54 |
|                        |   |   |
|                        | PART      III. |   |
| Item 10.               | Directors and Executive Officers, and      Corporate Governance | 55 |
| Item 11.               | Executive Compensation | 56 |
| Item 12.               | Security Ownership of Certain Beneficial      Owners and Management |   |
|                        | and Related Stockholder      Matters  | 56 |
| Item 13.               | Certain Relationships and Related      Transactions, |   |
|                        | and DirectorIndependence  |  56 |
| Item 14.               | Principal Accountant Fees and      Services | 56 |
|                        |   |   |
|                        | PART IV. |   |
| Item 15.               | Exhibits and Financial Statement    Schedule | 57 |
|                        |   |   |
| Signatures                  |   | 59 |
|                        |   |   |
| Exhibit Index          |    | 60 |

----

| Item      1. | Business |
|--------------|----------|

General Development of Business and Narrative Description of

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| ·   | TM      significantly upgraded electronic marketing efforts, including a revamped      marketing site www.bnatax.com      to generate greater awareness and interest in the marketplace while      channeling qualified leads to the field sales  force. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The BNA      Tax and Accounting Center garnered a perfect five-star rating in      the annual review of tax research products by The CPA Technology      Advisor. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | In the third quarter, BNA      acquired the training seminar and conference businesses of the Council for      International Tax Education (CITE), Atlas Information Group, and the      Structured Finance Institute (SFI).  These groups, headquartered in      White Plains, NY, provide continuing professional education programs and      networking opportunities for tax and accounting professionals. These      acquisitions, which are being integrated into the BNA Tax & Accounting      product and service offerings, mark a continuation of the company’s move      into tax education and  training. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Item      1A. | Risk      Factors |
|---------------|-------------------|

There are 

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| Item      1B. | Unresolved      Staff Comments |
|---------------|--------------------------------|

None.

| Item      2. | Properties |
|--------------|------------|

| Item      3. | Legal      Proceedings |
|--------------|------------------------|

| Item      4. | Reserved |
|--------------|----------|

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| Item      5. | Market      for the Registrant's Common Equity, Related Stockholder Matters and      Issuers Purchases of Equity  Securities |
|--------------|------------------------------------------------------------------------------------------------------------------------------|

The

|   |  January 1, 2008 – March 15,      2008        |  $ | 15.00 |
|--------|---------------------------------------------------------------------------------------------|---------|-------|
|   |  March 16, 2008 – September 20,      2008                         |    | 15.50 |
|   |  September 21, 2008 – March 21,      2009                                        |    | 15.75 |
|   |  March 22, 2009 – September 19,      2009                                   |    | 15.75 |
|   |  September 20, 2009 – December      31, 2009                           |    | 15.75 |

|        | March 15,      2008      |  $ | .20 |
|--------|------------------------------------|---------|-----|
|   | September      20, 2008  |    | .20 |
|   | March 21,      2009      |    | .20 |
|   | September 19,      2009       |    | .21 |

|  Four-week      Period                      | Total Number      of Shares  Purchased | Average Price      Paid per Share |
|--------------------------------------------------|--------------------------------------------------|----------------------------------------|
|                                             |                                             |                                   |
| September 13,      2009 – October 10, 2009 | 69,256                                           | $      15.75                           |
| October 11,      2009 - November 7, 2009         | 161,014                                          | $      15.75                           |
| November 8,      2009 – December 5, 2009   | 70,358                                           | $      15.75                           |
| December 6,      2009 - December 31, 2009        | 171,875                                          | $      15.75                           |

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| Item      6. | Selected      Financial Data |
|--------------|------------------------------|

The Bureau of National Affairs, Inc.

|                                                                                         |   | 2009   |    |   | 2008   |   |    | 2007   |   |   | 2006    |   |   | 2005   |    |
|----------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|---------|--------|--------|--------|---------|--------|--------|--------|---------|
| Operating      Revenues                                                                      |   | $      | 331,253 |   |   | $      | 352,211 |   |   | $      | 352,224 |   |   | $      | 344,862 |   |   | $ | 329,036 |   |
| Operating      Expenses (a)                                                                  |   |   | 307,627 |   |   |   | 303,316 |   |   |   | 303,669 |   |   |   | 313,747 |   |   |   | 287,960 |   |
| Gain (Loss)      on Dispositions (b)                                                         |   |   | 148     |   |   |   | (12     | )      |   |   | 92,133  |   |   |   | (19     | ) |   |   | (28 | ) |
| Operating      Profit                                                                        |   |   | 23,774  |   |   |   | 48,883  |   |   |   | 140,688 |   |   |   | 31,096  |   |   |   | 41,048 |   |
| Investment      Income                                                                       |   |   | 4,270   |   |   |   | 4,579   |   |   |   | 5,566   |   |   |   | 5,883   |   |   |   | 4,132 |   |
| Interest      Expense                                                                        |   |   | (2,519  | )      |   |   | (3,277  | )      |   |   | (4,472  | )      |   |   | (5,604  | ) |   |   | (5,907 | ) |
| Income Before      Income Taxes                                                              |   |   | 25,525  |   |   |   | 50,185  |   |   |   | 141,782 |   |   |   | 31,375  |   |   |   | 39,273 |   |
| Income      Taxes                                                                            |   |   | 8,030   |   |   |   | 18,744  |   |   |   | 53,744  |   |   |   | 11,922  |   |   |   | 15,696 |   |
| Net      Income                                                                              |   | $      | 17,495  |   |   | $      | 31,441  |   |   | $      | 88,038  |   |   | $      | 19,453  |   |   | $ | 23,577 |   |
| Profit      Margins (% of revenues):                                                         |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |
|   Operating      Profit                                                            |   |   | 7.2     |   |   |   | 13.9    |   |   |   | 39.9    |   |   |   | 9.0     |   |   |   | 12.5 |   |
|   Earnings                                                                         |   |   | 5.3     |   |   |   | 8.9     |   |   |   | 25.0    |   |   |   | 5.6     |   |   |   | 7.2 |   |
| Earnings Per      Share                                                                      |   | $      | .65     |   |   | $      | 1.11    |   |   | $      | 2.99    |   |   | $      | .65     |   |   | $ | .75 |   |
| Dividends Per      Share                                                                     |   | $      | .41     |   |   | $      | .40     |   |   | $      | .36     |   |   | $      | .34     |   |   | $ | .32 |   |
| Balance Sheet      Data:                                                                     |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |
|   Total      Assets                                                                |   | $      | 387,430 |   |   | $      | 412,686 |   |   | $      | 399,528 |   |   | $      | 334,426 |   |   | $ | 318,882 |   |
|   Long-Term      Debt—less current portion                                   |   |   | 13,000  |   |   |   | 23,500  |   |   |   | 34,000  |   |   |   | 44,500  |   |   |   | 55,000 |   |
| Employee      Data:                                                                          |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |
|   Number      of Employees                                                         |   |   | 1,638   |   |   |   | 1,745   |   |   |   | 1,719   |   |   |   | 1,728   |   |   |   | 1,729 |   |
|   Total      Employment Costs                                                      |   | $      | 192,132 |   |   | $      | 180,931 |   |   | $      | 179,482 |   |   | $      | 182,008 |   |   | $ | 177,138 |   |
| Stockholder      Data at Year-End:                                                           |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |
|   Number      of Stockholders                                                      |   |   | 1,470   |   |   |   | 1,511   |   |   |   | 1,557   |   |   |   | 1,655   |   |   |   | 1,673 |   |
|  Common      Shares Outstanding (in       thousands) |   |   | 26,253  |   |   |   | 27,619  |   |   |   | 28,734  |   |   |   | 30,155  |   |   |   | 30,204 |   |

|  (a) | Includes      goodwill impairment charges of $17,805 in 2009 and $11,576 in      2006. |
|-----------|----------------------------------------------------------------------------------------|

|  (b) | Includes a      $92,524 gain ($56,433 net of tax) on the sale of the Company’s      headquarters buildings in 2007. |
|-----------|---------------------------------------------------------------------------------------------------------------------------|

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PART II

| Item      7. |  Management's      Discussion and Analysis of Financial Condition and Results of      Operations |
|--------------|-------------------------------------------------------------------------------------------------------|

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Results of Operations

| Segment      Information                                |   |    |   |   |    |   |   |    |
|---------------------------------------------------------|--------|---------|--------|--------|---------|--------|--------|---------|
| (as      of December 31, in thousands of dollars)  |   |    |   |   |    |   |   |    |
|                                                    | 2009   |    | 2008   |   | 2007    |
| Revenues from      external customers:                  |   |    |   |   |    |   |   |    |
|    Publishing                            | $      | 278,773 |   | $      | 290,537 |   | $      | 289,539 |
|    Printing                              |   | 23,437  |   |   | 33,125  |   |   | 35,673  |
|    Software                              |   | 29,043  |   |   | 28,549  |   |   | 27,012  |
|                                                    |   |    |   |   |    |   |   |    |
| Total                                                   | $      | 331,253 |   | $      | 352,211 |   | $      | 352,224 |
|                                                    |   |    |   |   |    |   |   |    |
| Intersegment      printing revenues                     | $      | 10,773  |   | $      | 10,536  |   | $      | 10,059  |
|                                                    |   |    |   |   |    |   |   |    |
| Intersegment      software revenues                     | $      | 2,470   |   | $      | 2,507   |   | $      | 2,414   |
|                                                    |   |    |   |   |    |   |   |    |
| Operating      Profit                                   |   |    |   |   |    |   |   |    |
|    Publishing                            | $      | 15,065  |   | $      | 38,613  |   | $      | 130,364 |
|    Printing                              |   | 839     |   |   | 1,805   |   |   | 2,608   |
|    Software                              |   | 7,870   |   |   | 8,465   |   |   | 7,716   |
|                                                    |   |    |   |   |    |   |   |    |
| Total                                                   | $      | 23,774  |   | $      | 48,883  |   | $      | 140,688 |
|                                                    |   |    |   |   |    |   |   |    |

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|                                | Payments Due      by Period |   |
|-------------------------------------|-----------------------------|--------|
|  Contractual      Obligations: |   Total           |   | Less      than 1      Year |   | 1-3 Years |   | 3-5 Years |   | After      5 Years |   |
| Term Debt (includes      interest)  | $                           | 25,579 |   | $ | 12,125 |   | $ | 13,454 |   | $ | --- |   | $ | --- |   |
| Operating      Leases               |                        | 10,178 |   |   | 2,879 |   |   | 3,394 |   |   | 1,501 |   |   | 2,404 |   |
| Planned      Pension Contributions  |                        | 2,000  |   |   | 2,000 |   |   | --- |   |   | --- |   |   | --- |   |
| Total                               | $                           | 37,757 |   | $ | 17,004 |   | $ | 16,848 |   | $ | 1,501 |   | $ | 2,404 |   |

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| Item      7A. | Quantitative      and Qualitative Disclosures about Market      Risk |
|---------------|----------------------------------------------------------------------|

The 

| Expected      Maturity Date                         | 2010                                     | 2011                                           | 2012                                           | 2013                                          | 2014                                          | Thereafter                   |
|-----------------------------------------------------|------------------------------------------|------------------------------------------------|------------------------------------------------|-----------------------------------------------|-----------------------------------------------|------------------------------|
|                                                |                                     |                                           |                                           |                                          |                                          |                         |
| Municipal      Bonds                                | $14,446                                  | $15,673                                        | $  3,581                             | $  6,794                            | $  3,945                            | $46,847                      |
|                                                |                                     |                                           |                                           |                                          |                                          |                         |
|     Average      Interest Yield |      5.2%       |       5.0%       |        5.0% |       5.0%      |       5.2%      |     4.1% |
|                                                |                                     |                                           |                                           |                                          |                                          |                         |
| Corporate      Bonds                                | $     279       | ---                                            | $     506             |        --- |        --- | ---                          |
|                                                |                                     |                                           |                                           |                                          |                                          |                         |
|     Average      Interest Yield |       4.1% | ---                                            |        4.1% |        --- |        --- | ---                          |
|                                                |                                     |                                           |                                           |                                          |                                          |                         |
| Total                                               | $14,725                                  | $15,673                                        | $  4,087                             | $  6,794                            | $  3,945                            | $46,847                      |
|     Average      Interest Yield |       5.2% |        5.0% |        4.9% |       5.0%      |       5.2%      |     4.1% |

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| Item      8. | Financial      Statements and Supplementary  Data |
|--------------|---------------------------------------------------|

Consolidated Financial Statements

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|                                                                        |   | 2009   |       | 2008    |   | 2007       |    |
|------------------------------------------------------------------------|--------|--------|------------|---------|--------|------------|---------|
|                                                                   |   |   |       |    |   |       |    |   |   |   |
| Operating      Revenues (Note      3)                                  |   | $      | 331,253    |    | $      | 352,211    |    | $ | 352,224 |   |
|                                                                   |   |   |       |    |   |       |    |   |   |   |
| Operating      Expenses                                                |   |   |       |    |   |       |    |   |   |   |
|    (Notes 3, 4, 7, 9  and      11): |   |   |       |    |   |       |    |   |   |   |
|   Editorial,      production, and distribution               |   |   | 177,870    |    |   | 188,114    |    |   | 184,301 |   |
|   Selling                                                    |   |   | 54,264     |    |   | 55,286     |    |   | 57,478 |   |
|   General      and administrative                            |   |   | 57,691     |    |   | 59,916     |    |   | 61,890 |   |
|   Goodwill      impairment                                   |   |   | 17,805     |    |   | ---        |    |   | --- |   |
|                                                                   |   |   |       |    |   |       |    |   |   |   |
|     Total      Operating Expenses                  |   |   | 307,627    |    |   | 303,316    |    |   | 303,669 |   |
|                                                                   |   |   |       |    |   |       |    |   |   |   |
|  (Loss)      Gain on Dispositions (Note      6)              |   |   | 148        |    |   | (12        | )  |   | 92,133 |   |
|                                                                   |   |   |       |    |   |       |    |   |   |   |
| Operating      Profit                                                  |   |   | 23,774     |    |   | 48,883     |    |   | 140,688 |   |
|                                                                   |   |   |       |    |   |       |    |   |   |   |
| Investment      income (Note      5)                                   |   |   | 4,407      |    |   | 4,579      |    |   | 5,566 |   |
| Interest      expense (Note      10)                                   |   |   | (2,519     | )       |   | (3,277     | )       |   | (4,472 | ) |
| Equity loss of affliated      company (Note 2)                    |   |   |  (137 | )  |   |  ---  |    |   |  --- |   |
|                                                                   |   |   |       |    |   |       |    |   |   |   |
| Income      Before Income Taxes                                        |   |   | 25,525     |    |   | 50,185     |    |   | 141,782 |   |
| Provision      for income taxes (Note      8)                          |   |   | 8,030      |    |   | 18,744     |    |   | 53,744 |   |
|                                                                   |   |   |       |    |   |       |    |   |   |   |
| Net      Income                                                        |   | $      | 17,495     |    | $      | 31,441     |    | $ | 88,038 |   |
|                                                                   |   |   |       |    |   |       |    |   |   |   |
| Earnings      Per Share (Note 12)                                      |   | $      | .65   |    | $      | 1.11  |    | $ | 2.99  |   |
|                                                                   |   |   |       |    |   |       |    |   |   |   |

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|                                                     |   | December      31, |    |
|----------------------------------------------------------|--------|-------------------|---------|
|                                                     |   |              |    |   |   |   |
|                                                     |   | 2009              |    |   | 2008 |   |
| Current      Assets:                                     |   |              |    |   |   |   |
|   Cash      and cash equivalents (Note 5)      |   | $                 | 9,757   |   |   | $ | 11,139 |   |
|   Short-term      investments (Note 5)         |   |              | 14,445  |   |   |   | 8,530 |   |
|   Receivables,      net (Note 9)               |   |              | 32,604  |   |   |   | 35,661 |   |
|   Inventories,      net (Note 9)               |   |              | 2,935   |   |   |   | 2,608 |   |
|   Prepaid      expenses                        |   |              | 3,739   |   |   |   | 4,966 |   |
|   Deferred      income taxes (Note 8)          |   |              | 5,652   |   |   |   | 7,136 |   |
|                                                     |   |              |    |   |   |   |   |   |
| Total      Current Assets                                |   |              | 69,132  |   |   |   | 70,040 |   |
|                                                     |   |              |    |   |   |   |   |   |
| Marketable      Securities (Note 5)                      |   |              | 95,305  |   |   |   | 106,681 |   |
| Property      and Equipment, net (Note      9)      |   |              | 115,036 |   |   |   | 120,426 |   |
| Deferred      Income Taxes (Note 8)                      |   |              | 51,601  |   |   |   | 45,286 |   |
| Goodwill      (Note 7)                                   |   |              | 44,962  |   |   |   | 61,790 |   |
| Intangible      and Other Assets, net (Note      9) |   |              | 7,231   |   |   |   | 8,463 |   |
| Investment      in Affiliated Company (Note 2)           |   |              | 4,163   |   |   |   | --- |   |
|                                                     |   |              |    |   |   |   |   |   |
| Total      Assets                                        |   | $                 | 387,430 |   |   | $ | 412,686 |   |

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|                                                                             |   | December      31, |     |
|----------------------------------------------------------------------------------|--------|-------------------|----------|
|                                                                             |   |              |     |   |   |   |
|                                                                             |   | 2009              |     |   | 2008 |   |
| Current      Liabilities:                                                        |   |              |     |   |   |   |
|   Current      portion of long-term debt (Note 10)                     |   | $                 | 10,500   |   |   | $ | 10,500 |   |
|   Payables      and accrued liabilities (Note 9)                       |   |              | 38,606   |   |   |   | 40,497 |   |
|   Deferred      revenues (Note 3)                                      |   |              | 125,378  |   |   |   | 133,630 |   |
|                                                                             |   |              |     |   |   |   |   |   |
| Total      Current Liabilities                                                   |   |              | 174,484  |   |   |   | 184,627 |   |
|                                                                             |   |              |     |   |   |   |   |   |
| Long-Term      Debt, less current portion  (Note    10)                |   |              | 13,000   |   |   |   | 23,500 |   |
| Postretirement      Benefits, less current portion (Note 4)                      |   |              | 210,533  |   |   |   | 219,686 |   |
| Other      Liabilities                                                           |   |              | 1,381    |   |   |   | 1,337 |   |
|                                                                             |   |              |     |   |   |   |   |   |
| Total      Liabilities                                                           |   |              | 399,398  |   |   |   | 429,150 |   |
|                                                                             |   |              |     |   |   |   |   |   |
| Commitments      and Contingencies (Notes 11, and 12)                            |   |              |     |   |   |   |   |   |
|                                                                             |   |              |     |   |   |   |   |   |
| Stockholders’      Deficit (Note 12):                                      |   |              |     |   |   |   |   |   |
|   Common      stock issued, $1.00 par value —                    |   |              |     |   |   |   |   |   |
|     Class      A – 30,000,000 shares                   |   |              | 30,000   |   |   |   | 30,000 |   |
|     Class      B – 24,634,865 shares                   |   |              | 24,635   |   |   |   | 24,635 |   |
|     Class      C – 2,531,680 shares                    |   |              | 2,532    |   |   |   | 2,532 |   |
|   Additional      paid-in capital                                      |   |              | 47,511   |   |   |   | 42,181 |   |
|   Retained      earnings                                               |   |              | 224,406  |   |   |   | 218,026 |   |
|   Treasury      stock, at cost – 30,913,320 shares               |   |              |     |   |   |   |   |   |
|     in      2009 and 29,547,221 in 2008                      |   |              | (277,749 | ) |   |   | (250,902 | ) |
|   Accumulated      other comprehensive loss:                           |   |              |     |   |   |   |   |   |
|     Net      unrealized gain (loss) on marketable securities |   |              | 1,366    |   |   |   | (3,701 | ) |
|     Foreign      currency translation adjustment             |   |              | (129     | ) |   |   | (104 | ) |
|     Postretirement      benefits                             |   |              | (64,540  | ) |   |   | (79,131 | ) |
|                                                                             |   |              |     |   |   |   |   |   |
| Total      Stockholders’ Deficit                                           |   |              | (11,968  | ) |   |   | (16,464 | ) |
|                                                                             |   |              |     |   |   |   |   |   |
| Total      Liabilities and Stockholders’ Deficit                           |   | $                 | 387,430  |   |   | $ | 412,686 |   |

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|                                                                       |   |   |    |   |   |   |    |   |   |
|----------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|---------|--------|--------|
|                                                                       |   | 2009   |    |   | 2008   |   |    | 2007   |   |
|                                                                       |   |   |    |   |   |   |    |   |   |
| Cash      Flows from Operating Activities:                                 |   |   |    |   |   |   |    |   |   |
|   Net      income                                                |   | $      | 17,495  |   |   | $      | 31,441  |   |   | $ | 88,038 |   |
|                                                                       |   |   |    |   |   |   |    |   |   |   |   |   |
|   Adjustments      to reconcile net income to net                |   |   |    |   |   |   |    |   |   |   |   |   |
|     cash      provided by operating activities – |   |   |    |   |   |   |    |   |   |   |   |   |
|     Goodwill      impairment                           |   |   | 17,805  |   |   |   | ---     |   |   |   | --- |   |
|     Depreciation      and amortization                 |   |   | 10,012  |   |   |   | 9,935   |   |   |   | 8,319 |   |
|     Deferred      income taxes                         |   |   | (15,599 | )      |   |   | 721     |   |   |   | 35,040 |   |
|     (Gain)      loss on sales of securities            |   |   | (464    | )      |   |   | 314     |   |   |   | (450 | ) |
|     Gain      on sale of buildings                     |   |   | ---     |   |   |   | ---     |   |   |   | (92,524 | ) |
|     Equity      in loss of affiliated company          |   |   | 137     |   |   |   | ---     |   |   |   | --- |   |
|     Others                                             |   |   | 463     |   |   |   | 645     |   |   |   | 1,545 |   |
|                                                                       |   |   |    |   |   |   |    |   |   |   |   |   |
|   Changes      in operating assets and liabilities –       |   |   |    |   |   |   |    |   |   |   |   |   |
|     Receivables                                        |   |   | 3,151   |   |   |   | 7,182   |   |   |   | 1,918 |   |
|     Inventories                                        |   |   | (327    | )      |   |   | 535     |   |   |   | 556 |   |
|     Payables      and accrued liabilities              |   |   | (2,622  | )      |   |   | 1,219   |   |   |   | (6,284 | ) |
|     Deferred      revenues                             |   |   | (8,203  | )      |   |   | (6,414  | )      |   |   | 4,384 |   |
|     Postretirement      benefits                       |   |   | 13,493  |   |   |   | 1,634   |   |   |   | 1,090 |   |
|     Other      assets and liabilities – net      |   |   | 587     |   |   |   | (482    | )      |   |   | 650 |   |
|                                                                       |   |   |    |   |   |   |    |   |   |   |   |   |
| Net cash      provided by operating activities                             |   |   | 35,928  |   |   |   | 46,730  |   |   |   | 42,282 |   |
|                                                                       |   |   |    |   |   |   |    |   |   |   |   |   |
| Cash      Flows from Investing Activities:                                 |   |   |    |   |   |   |    |   |   |   |   |   |
|     Proceeds      from sale of buildings               |   |   | ---     |   |   |   | ---     |   |   |   | 106,090 |   |
|     Purchase      of building and improvements         |   |   | ---     |   |   |   | ---     |   |   |   | (103,955 | ) |
|     Investment      in affiliated company              |   |   | (4,300  | )      |   |   | ---     |   |   |   | --- |   |
|     Purchase      of property and equipment            |   |   | (1,319  | )      |   |   | (1,482  | )      |   |   | (10,209 | ) |
|     Capitalized      software                          |   |   | (1,371  | )      |   |   | (1,007  | )      |   |   | (343 | ) |
|     Acquisition      of publishing assets              |   |   | (914    | )      |   |   | (831    | )      |   |   | (155 | ) |
|     Proceeds      from sale of property and equipment  |   |   | 31      |   |   |   | ---     |   |   |   | --- |   |
|     Investment      security sales and maturities      |   |   | 55,399  |   |   |   | 67,765  |   |   |   | 89,303 |   |
|     Investment      security purchases                 |   |   | (41,672 | )      |   |   | (72,633 | )      |   |   | (93,651 | ) |
| Net cash      provided by (used in) investing activities                   |   |   | 5,854   |   |   |   | (8,188  | )      |   |   | (12,920 | ) |

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Table of Contents 

|                                                           |   |   |    |   |   |   |    |   |   |
|----------------------------------------------------------------|--------|--------|---------|--------|--------|--------|---------|--------|--------|
|                                                           |   | 2009   |    |   | 2008   |   |    | 2007   |   |
|                                                           |   |   |    |   |   |   |    |   |   |
| Cash      Flows from Financing Activities:                     |   |   |    |   |   |   |    |   |   |
|   Receipts      for capital stock sales to employees |   |   | 9,690   |   |   |   | 11,175  |   |   |   | 9,626 |   |
|   Purchases      of treasury stock                   |   |   | (31,239 | )      |   |   | (28,449 | )      |   |   | (29,980 | ) |
|   Payment      of long-term debt                     |   |   | (10,500 | )      |   |   | (10,500 | )      |   |   | (10,500 | ) |
|   Dividends      paid                                |   |   | (11,115 | )      |   |   | (11,418 | )      |   |   | (10,720 | ) |
|                                                           |   |   |    |   |   |   |    |   |   |   |   |   |
| Net cash used      for financing activities                    |   |   | (43,164 | )      |   |   | (39,192 | )      |   |   | (41,574 | ) |
|                                                           |   |   |    |   |   |   |    |   |   |   |   |   |
| Net      Decrease in Cash  and      Cash Equivalents |   |   | (1,382  | )      |   |   | (650    | )      |   |   | (12,212 | ) |
|                                                           |   |   |    |   |   |   |    |   |   |   |   |   |
| Cash      and Cash Equivalents, beginning of year              |   |   | 11,139  |   |   |   | 11,789  |   |   |   | 24,001 |   |
|                                                           |   |   |    |   |   |   |    |   |   |   |   |   |
| Cash      and Cash Equivalents, end of year                    |   | $      | 9,757   |   |   | $      | 11,139  |   |   | $ | 11,789 |   |
|                                                           |   |   |    |   |   |   |    |   |   |   |   |   |
|                                                           |   |   |    |   |   |   |    |   |   |   |   |   |
| Supplemental      Cash Flow Information:                       |   |   |    |   |   |   |    |   |   |   |   |   |
|   Interest      paid                                 |   | $      | 2,651   |   |   | $      | 3,430   |   |   | $ | 4,146 |   |
|   Income      taxes paid                             |   |   | 21,236  |   |   |   | 19,893  |   |   |   | 17,230 |   |

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Table of Contents 

|                                                                  |   | Comprehensive      |    | Capital |   |   | Additional |   |   |     |   |     |    | Accum.      Other |   |     |
|-----------------------------------------------------------------------|--------|--------------------|---------|---------|--------|--------|------------|--------|--------|----------|--------|----------|---------|-------------------|--------|----------|
|                                                                  |   | Income      (Loss) |    | Stock   |   |   | Paid-In    |   |   | Retained |   | Treasury |    | Comprehensive     |   |     |
|                                                                  |   | (Note      13)     |    | Issued  |   |   | Capital    |   |   | Earnings |   | Stock    |    | Loss              |   |     |
|                                                                  |   |               |    |    |   |   |       |   |   |     |   |     |    |              |
|  Balance,      January 1, 2007                                   |   |               |    | $       | 57,167 |   |       | $      | 23,876 |     |   | $        | 120,685 |              | $      | (201,034 | ) | $ | 1,155 |   |
|                                                                  |   |               |    |    |   |   |       |   |   |     |   |     |    |              |   |     |   |   |   |   |   |
|   Net      Income                                           |   | $                  | 88,038  |    |   | ---    |       |   |   | ---      |   |     |    | 88,038            |   |     | --- |   |   | --- |   |
|   Other      Comprehensive Income, net of tax:              |   |               |    |    |   |   |       |   |   |     |   |     |    |              |   |     |   |   |   |   |   |   |
|     Unrealized      gain on marketable securities |   |               | 330     |    |   | ---    |       |   |   | ---      |   |     |    | ---               |   |     | --- |   |   | 330 |   |
|     Currency      translation adjustment          |   |               | (46     | )       |   | ---    |       |   |   | ---      |   |     |    | ---               |   |     | --- |   |   | (46 | ) |
|     Minimum      pension liability adjustment     |   |               | 96      |    |   | ---    |       |   |   | ---      |   |     |    | ---               |   |     | --- |   |   | 96 |   |
|   Comprehensive      Income                                 |   | $                  | 88,418  |    |   |   |       |   |   |     |   |     |    |              |   |     |   |   |   |   |   |   |
|                                                                  |   |               |    |    |   |   |       |   |   |     |   |     |    |              |   |     |   |   |   |   |   |   |
|   Adoption      of ASC 715 (formerly FAS 158), net of       |   |               |    |    |   |   |       |   |   |     |   |     |    |              |   |     |   |   |   |   |   |   |
|     $22,049      tax benefit*                     |   |               |    |    |   | ---    |       |   |   | ---      |   |     |    | ---               |   |     | --- |   |   | (31,895 | ) |
|   Sales      of Class A treasury shares to employees        |   |               |    |    |   | ---    |       |   |   | 5,328    |   |     |    | ---               |   |     | 3,812 |   |   | --- |   |
|   Repurchases      of shares                                |   |               |    |    |   | ---    |       |   |   | ---      |   |     |    | ---               |   |     | (29,980 | ) |   | --- |   |
|   Share-based      liabilities                              |   |               |    |    |   | ---    |       |   |   | 6,310    |   |     |    | ---               |   |     | --- |   |   | --- |   |
|   Stock-based      compensation expense                     |   |               |    |    |   | ---    |       |   |   | 258      |   |     |    | ---               |   |     | --- |   |   | --- |   |
|   Cash      dividends--$.36 per share, class A, B, and C    |   |               |    |    |   | ---    |       |   |   | ---      |   |     |    | (10,720           | )      |     | --- |   |   | --- |   |
|                                                                  |   |               |    |    |   |   |       |   |   |     |   |     |    |              |   |     |   |   |   |   |   |   |
|  Balance,      December 31, 2007,                                |   |               |    |    |   | 57,167 |       |   |   | 35,772   |   |     |    | 198,003           |   |     | (227,202 | ) |   | (30,360 | ) |
|                                                                  |   |               |    |    |   |   |       |   |   |     |   |     |    |              |   |     |   |   |   |   |   |   |
|   Net      Income                                           |   | $                  | 31,441  |    |   | ---    |       |   |   | ---      |   |     |    | 31,441            |   |     | --- |   |   | --- |   |
|   Other      Comprehensive Income, net of tax:              |   |               |    |    |   |   |       |   |   |     |   |     |    |              |   |     |   |   |   |   |   |   |
|     Unrealized      loss on marketable securities |   |               | (5,523  | )       |   | ---    |       |   |   | ---      |   |     |    | ---               |   |     | --- |   |   | (5,523 | ) |
|     Currency      translation adjustment          |   |               | 183     |    |   | ---    |       |   |   | ---      |   |     |    | ---               |   |     | --- |   |   | 183 |   |
|          Post Retirement Benefit adjustment            |   |               | (47,236 | )       |   | ---    |       |   |   | ---      |   |     |    | ---               |   |     | --- |   |   | (47,236 | ) |
|   Comprehensive      Loss                                   |   | $                  | (21,135 | )       |   |   |       |   |   |     |   |     |    |              |   |     |   |   |   |   |   |   |
|                                                                  |   |               |    |    |   |   |       |   |   |     |   |     |    |              |   |     |   |   |   |   |   |   |
|   Sales      of Class A treasury shares to employees        |   |               |    |    |   | ---    |       |   |   | 6,409    |   |     |    | ---               |   |     | 4,749 |   |   | --- |   |
|   Repurchases      of shares                                |   |               |    |    |   | ---    |       |   |   | ---      |   |     |    | ---               |   |     | (28,449 | ) |   | --- |   |
|   Cash      dividends--$.40 per share, class A, B, and C    |   |               |    |    |   | ---    |       |   |   | ---      |   |     |    | (11,418           | )      |     | --- |   |   | --- |   |
|                                                                  |   |               |    |    |   |   |       |   |   |     |   |     |    |              |   |     |   |   |   |   |   |   |
| Balance,      December 31, 2008                                       |   |               |    |    |   | 57,167 |       |   |   | 42,181   |   |     |    | 218,026           |   |     | (250,902 | ) |   | (82,936 | ) |
|                                                                  |   |               |    |    |   |   |       |   |   |     |   |     |    |              |   |     |   |   |   |   |   |   |
|   Net      Income                                           |   | $                  | 17,495  |    |   | ---    |       |   |   | ---      |   |     |    | 17,495            |   |     | --- |   |   | --- |   |
|   Other      Comprehensive Income, net of tax:              |   |               |    |    |   |   |       |   |   |     |   |     |    |              |   |     |   |   |   |   |   |   |
|     Unrealized      gain on marketable securities |   |               | 5,067   |    |   | ---    |       |   |   | ---      |   |     |    | ---               |   |     | --- |   |   | 5,067 |   |
|     Currency      translation adjustment          |   |               | (25     | )       |   | ---    |       |   |   | ---      |   |     |    | ---               |   |     | --- |   |   | (25 | ) |
|     Post      Retirement Benefit adjustment       |   |               | 14,591  |    |   | ---    |       |   |   | ---      |   |     |    | ---               |   |     | --- |   |   | 14,591 |   |
|   Comprehensive      Income                                 |   | $                  | 37,128  |    |   |   |       |   |   |     |   |     |    |              |   |     |   |   |   |   |   |   |
|                                                                  |   |               |    |    |   |   |       |   |   |     |   |     |    |              |   |     |   |   |   |   |   |   |
|   Sales      of Class A treasury shares to employees        |   |               |    |    |   | ---    |       |   |   | 5,330    |   |     |    | ---               |   |     | 4,392 |   |   | --- |   |
|   Repurchases      of shares                                |   |               |    |    |   | ---    |       |   |   | ---      |   |     |    | ---               |   |     | (31,239 | ) |   | --- |   |
|   Cash      dividends--$.41 per share, class A, B, and C    |   |               |    |    |   | ---    |       |   |   | ---      |   |     |    | (11,115           | )      |     | --- |   |   | --- |   |
|                                                                  |   |               |    |    |   |   |       |   |   |     |   |     |    |              |   |     |   |   |   |   |   |   |
| Balance,      December 31, 2009                                       |   |               |    |    | $      | 57,167 |       |   | $      | 47,511   |   |     | $       | 224,406           |   | $        | (277,749 | ) | $ | (63,303 | ) |

----

Table of Contents 

| (1)   | PRINCIPLES OF      CONSOLIDATION AND BASIS OFPRESENTATION |
|-----------------|-----------------------------------------------------------|

| (2)   | ACQUISITION |
|-----------------|-------------|

| (3) | RECOGNITION      OF REVENUES, DEFERRED REVENUES, AND SELLING  EXPENSES |
|-----|------------------------------------------------------------------------|

----

Table of Contents 

| (4) | EMPLOYEE      BENEFIT PLANS |
|-----|-----------------------------|

----

Table of Contents 

|                                                                                    |   |  Pension      Benefits |    |   | Other      Postretirement Benefits |   |
|-----------------------------------------------------------------------------------------|--------|-----------------------------|---------|--------|------------------------------------|--------|
|                                                                                    |   |                        |    |   |                               |   |   |   |   |   |   |   |
|                                                                                    |   | 2009                        |    |   | 2008                               |   |   | 2009 |   |   | 2008 |   |
| Change in      projected benefit obligation:                                            |   |                        |    |   |                               |   |   |   |   |   |   |   |
| Benefit      obligation - January 1                                                     |   | $                           | 212,204 |   |                               | $      | 196,621 |   |   | $ | 177,325 |   |   | $ | 155,078 |   |
| Service      cost                                                                       |   |                        | 8,034   |   |                               |   | 7,568 |   |   |   | 6,470 |   |   |   | 5,748 |   |
| Interest      cost                                                                      |   |                        | 13,086  |   |                               |   | 12,267 |   |   |   | 10,983 |   |   |   | 9,795 |   |
| Actuarial      loss (gain)                                                              |   |                        | 10,900  |   |                               |   | 4,256 |   |   |   | (5,973 | ) |   |   | 11,143 |   |
| Benefits      paid                                                                      |   |                        | (9,359  | )      |                               |   | (8,508 | ) |   |   | (5,071 | ) |   |   | (4,439 | ) |
|                                                                                    |   |                        |    |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Benefit      obligation - December 31                                                   |   |                        | 234,865 |   |                               |   | 212,204 |   |   |   | 183,734 |   |   |   | 177,325 |   |
|                                                                                    |   |                        |    |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Change in      plan assets:                                                             |   |                        |    |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Fair value of      plan assets - January 1                                              |   |                        | 153,304 |   |                               |   | 184,966 |   |   |   | 16,442 |   |   |   | 25,996 |   |
| Actual return      on plan assets                                                       |   |                        | 31,819  |   |                               |   | (37,275 | ) |   |   | 1,311 |   |   |   | (9,554 | ) |
| Employer      contribution                                                              |   |                        | 15,000  |   |                               |   | 14,000 |   |   |   | --- |   |   |   | --- |   |
| Benefits      paid                                                                      |   |                        | (9,262  | )      |                               |   | (8,387 | ) |   |   | (633 | ) |   |   | --- |   |
| Fair value of      plan assets - December 31                                            |   |                        | 190,861 |   |                               |   | 153,304 |   |   |   | 17,120 |   |   |   | 16,442 |   |
|                                                                                    |   |                        |    |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Funded      status                                                                      |   | $                           | (44,004 | )      |                               | $      | (58,900 | ) |   | $ | (166,614 | ) |   | $ | (160,883 | ) |
|                                                                                    |   |                        |    |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Amounts      recognized in the balance sheet                                            |   |                        |    |   |                               |   |   |   |   |   |   |   |   |   |   |   |
|   Payables      and accrued liabilities                                       |   |                        | (85     | )      |                               |   | (97 | ) |   |   | --- |   |   |   | --- |   |
|   Postretirement      benefits                                                |   |                        | (43,919 | )      |                               |   | (58,803 | ) |   |   | (166,614 | ) |   |   | (160,883 | ) |
|                                                                                    |   |                        |    |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Net amount      recognized                                                              |   | $                           | (44,004 | )      |                               | $      | (58,900 | ) |   | $ | (166,614 | ) |   | $ | (160,883 | ) |
|                                                                                    |   |                        |    |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Amounts      included in accumulated other  comprehensive      loss (pre-tax) |   |                        |    |   |                               |   |   |   |   |   |   |   |   |   |   |   |
|   Net      actuarial loss                                                     |   |                        | (57,459 | )      |                               |   | (70,090 | ) |   |   | (50,858 | ) |   |   | (60,811 | ) |
|   Prior      service cost                                                     |   |                        | (371    | )      |                               |   | (433 | ) |   |   | --- |   |   |   | --- |   |
|                                                                                    |   |                        |    |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                                                   |   | $                           | (57,830 | )      |                               | $      | (70,523 | ) |   | $ | (50,858 | ) |   | $ | (60,811 | ) |
|                                                                                    |   |                        |    |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Assumed      discount rate                                                              |   |                        | 6.00    | %      |                               |   | 6.25 | % |   |   | 6.00 | % |   |   | 6.25 | % |
| Assumed rate      of compensation increase                                              |   |                        | 4.75    | %      |                               |   | 4.75 | % |   |   | --- |   |   |   | --- |   |

----

Table of Contents 

|                         |     |   | Other          |
|------------------------------|----------|--------|----------------|
|                         | Pension  |   | Postretirement |
|                         | Benefits |   | Benefits       |
| 2010                         | $        | 11,664 |           | $ | 5,357 |
| 2011                         |     | 12,885 |           |   | 6,130 |
| 2012                         |     | 13,977 |           |   | 6,982 |
| 2013                         |     | 14,934 |           |   | 7,840 |
| 2014                         |     | 15,932 |           |   | 8,675 |
| Years 2015 –      2019 |     | 93,380 |           |   | 54,517 |

|                                                | Pension      Benefits |
|-----------------------------------------------------|-----------------------|
|                                                |                  | 2009 |   |   | 2008 |
| Projected      benefit obligation                   | $                     | 234,865 |   | $ | 212,204 |
| Accumulated      benefit obligation                 |                  |   |   |   |   |
|   Qualified      plan                     |                  | 195,410 |   |   | 175,456 |
|   Supplemental      plan                  |                  | 2,349 |   |   | 2,155 |
| Fair value of      plan assets–qualified plan |                  | 190,861 |   |   | 153,304 |
|                                                |                  |   |   |   |   |

----

Table of Contents 

|                                                      |   | 2009   |       | 2008    |   | 2007       |   |
|-----------------------------------------------------------|--------|--------|------------|---------|--------|------------|--------|
| Service cost      – benefits earned during the year |   | $      | 8,034      |    | $      | 7,568      |   |   | $ | 7,997 |   |
| Interest      cost                                        |   |   | 13,086     |    |   | 12,267     |   |   |   | 11,250 |   |
| Expected      return on plan assets                       |   |   | (13,270    | )       |   | (15,513    | )      |   |   | (14,467 | ) |
| Amortization      of net actuarial loss                   |   |   | 4,982      |    |   | 108        |   |   |   | 317 |   |
| Amortization      of prior service cost                   |   |   | 62         |    |   | 62         |   |   |   | 62 |   |
|                                                      |   |   |       |    |   |       |   |   |   |   |   |
| Pension      expense                                      |   | $      | 12,894     |    | $      | 4,492      |   |   | $ | 5,159 |   |
|                                                      |   |   |       |    |   |       |   |   |   |   |   |
| Assumed      discount rate                           |   |   |  6.25 | %  |   | 6.35  | %      |   |   | 5.8  | %  |
| Assumed rate      of compensation increase                |   |   |  4.75 | %  |   | 4.75  | %      |   |   | 4.75  | %  |
| Expected      long-term return on plan assets             |   |   |  8.5  | %  |   | 8.5   | %      |   |   | 8.5  | %  |

|                                                |   | 2009   |   |   | 2008   |   |
|-----------------------------------------------------|--------|--------|--------|--------|--------|--------|
| Net gain      (loss)                                |   | $      | 7,649  |   |   | $      | (57,045 | ) |
| Amortization      of net actuarial loss             |   |   | 4,982  |   |   |   | 108 |   |
| Amortization      of prior service cost             |   |   | 62     |   |   |   | 62 |   |
|                                                |   |   |   |   |   |   |   |   |
| Total      recognized in other comprehensive income |   | $      | 12,693 |   |   | $      | (56,875 | ) |

|                                                      | 2009   |   | 2008       | 2007    |
|-----------------------------------------------------------|--------|--------|------------|---------|
| Service cost      – benefits earned during the year |   | $      | 6,470      |    | $ | 5,748 |   | $ | 5,672 |   |
| Interest      cost                                        |   |   | 10,983     |    |   | 9,795 |   |   | 8,203 |   |
| Expected      return on plan assets                       |   |   | (1,398     | )       |   | (2,210 | ) |   | (2,254 | ) |
| Amortization      of net actuarial loss                   |   |   | 4,067      |    |   | 2,369 |   |   | 2,068 |   |
| Amortization      of prior service cost                   |   |   | ---        |    |   | --- |   |   | (17 | ) |
|                                                      |   |   |       |    |   |   |   |   |   |   |
|                                                      |   |   |       |    |   |   |   |   |   |   |
| Other      postretirement benefits expense                |   | $      | 20,122     |    | $ | 15,702 |   | $ | 13,672 |   |
|                                                      |   |   |       |    |   |   |   |   |   |   |
| Assumed      discount rate                           |   |   |  6.25 | %  |   |  6.35 | %  |   |  5.8 | % |
| Expected      long-term return on plan assets   |   |   |  8.5  | %  |   | 8.5  | %  |   | 8.5 | % |

----

Table of Contents 

|                                                       |   | 2009   |   |   | 2008   |
|------------------------------------------------------------|--------|--------|--------|--------|--------|
| Net gain      (loss)                                       |   | $      | 5,886  |   |   | $ | (22,884 | ) |
| Amortization      of net actuarial loss                    |   |   | 4,067  |   |   |   | 2,369 |   |
|                                                       |   |   |   |   |   |   |   |   |
| Total      recognized in other comprehensive income (loss) |   | $      | 9,953  |   |   | $ | (20,515 | ) |

----

Table of Contents 

|                                                                   | Assets at      Fair Value as of December 31, 2009 |
|------------------------------------------------------------------------|---------------------------------------------------|
|                                                                   |                                              | Level      1 |   | Level      2 |   | Level      3 |   |   | Total |
|                                                                   |                                              |   |   |   |   |   |   |   |   |
| Common      stock                                                      | $                                                 | 95,294 |   | --- |   | --- |   | $ | 95,294 |
| Preferred      stock                                                   |                                              | 481 |   | --- |   | --- |   |   | 481 |
| Corporate and      other debt     instruments |                                              | 33,727 |   | --- |   | --- |   |   | 33,727 |
| U.S.      government securities                                        |                                              | 26,933 |   | --- |   | --- |   |   | 26,933 |
| Mutual      funds                                                      |                                              | 20,421 |   | --- |   | --- |   |   | 20,421 |
| Money market      funds and cash                                       |                                              | 13,245 |   | --- |   | --- |   |   | 13,245 |
|                                                                   |                                              |   |   |   |   |   |   |   |   |
| Total                                                                  | $                                                 | 190,101 |   | --- |   | --- |   | $ | 190,101 |

|                                                                   | Assets at      Fair Value as of December 31, 2009 |
|------------------------------------------------------------------------|---------------------------------------------------|
|                                                                   |                                              | Level      1 |   | Level      2 |   | Level      3 |   |   | Total |
|                                                                   |                                              |   |   |   |   |   |   |   |   |
| Common      stock                                                      | $                                                 | 1,984 |   | --- |   | --- |   | $ | 1,984 |
| Corporate and      other debt     Instruments |                                              | 4,346 |   | --- |   | --- |   |   | 4,346 |
| U.S.      government securities                                        |                                              | 8,908 |   | --- |   | --- |   |   | 8,908 |
| Mutual      funds                                                      |                                              | 228 |   |   |   |   |   |   | 228 |
| Money market      funds                                                |                                              | 1,531 |   | --- |   | --- |   |   | 1,531 |
|                                                                   |                                              |   |   |   |   |   |   |   |   |
| Total                                                                  | $                                                 | 16,997 |   | --- |   | --- |   | $ | 16,997 |

| (5) | INVESTMENTS      AND INVESTMENT INCOME |
|-----|----------------------------------------|

|                           | December      31, |
|--------------------------------|-------------------|
|                           | 2009              |   |   |  2008 |
|                           |              |   |   |   |
| Cash and cash      equivalents | $                 | 9,757 |   |  $ | 11,139  |
| Short-term      investments    |              | 14,445 |   |   | 8,530  |
| Marketable      securities     |              | 95,305 |   |   | 106,681  |
|                           |              |   |   |   |   |
| Total                          | $                 | 119,507 |   |  $ |  126,350 |

----

Table of Contents 

|                                        |   | 2009   |   |   | 2008   |   | 2007   |   |
|---------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                        |   |   |   |   |   |   |   |   |
| Interest      income                        |   | $      | 3,676  |   |   | $      | 4,591  |   |   | $ | 4,735 |   |
| Dividend      income                        |   |   | 267    |   |   |   | 302    |   |   |   | 381 |   |
| Net gain      (loss) on sales of securities |   |   | 464    |   |   |   | (314   | )      |   |   | 450 |   |
|                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                       |   | $      | 4,407  |   |   | $      | 4,579  |   |   | $ | 5,566 |   |

|                   |      |   |       |   |       |   |   |
|------------------------|-----------|--------|------------|--------|------------|--------|--------|
|                   |      |   | Gross      |   | Gross      |   |   |
|                   | Amortized |   | Unrealized |   | Unrealized |   | Fair   |
|                   | Cost      |   | Gains      |   | Losses     |   | Value  |
| December      31, 2009 |      |   |       |   |       |   |   |   |   |   |   |   |   |
| Equity      securities |      | $      | 18,122     |   | $          | 430    |   | $ | (1,498 | ) | $ | 17,054 |   |
| Municipal      bonds   |      |   | 88,150     |   |       | 3,237  |   |   | (102 | ) |   | 91,285 |   |
| Corporate      debt    |      |   | 1,376      |   |       | 35     |   |   | --- |   |   | 1,411 |   |
|                   |      |   |       |   |       |   |   |   |   |   |   |   |   |
| Total                  |      | $      | 107,648    |   | $          | 3,702  |   | $ | (1,600 | ) | $ | 109,750 |   |
|                   |      |   |       |   |       |   |   |   |   |   |   |
|                   |      |   |       |   | Gross      |   | Gross  |   |   |
|                   | Amortized |   | Unrealized |   | Unrealized |   | Fair   |
|                   | Cost      |   | Gains      |   | Losses     |   | Value  |
| December      31, 2008 |      |   |       |   |       |   |   |   |   |   |   |   |   |
| Equity      securities |      | $      | 16,859     |   | $          | 131    |   | $ | (5,390 | ) | $ | 11,600 |   |
| Municipal      bonds   |      |   | 101,960    |   |       | 1,736  |   |   | (1,975 | ) |   | 101,721 |   |
| Corporate      debt    |      |   | 2,085      |   |       | ---    |   |   | (195 | ) |   | 1,890 |   |
|                   |      |   |       |   |       |   |   |   |   |   |   |   |   |
| Total                  |      | $      | 120,904    |   | $          | 1,867  |   | $ | (7,560 | ) | $ | 115,211 |   |

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Table of Contents 

|                    |   |   | Gross      Unrealized Losses |   |
|-------------------------|--------|--------|------------------------------|--------|
|                    | Fair   |   | Less      than               |   | More      than |   |
|                         | Value  |   | 12      months               |   | 12      Months |   |
| December 31, 2009  |   |   |                         |   |   |   |   |   |
| Equity      securities  |   | $      | 14,582                       |   |   | $ | --- |   |   | $ | (1,498 | ) |
| Municipal      bonds    |   |   | 4,270                        |   |   |   | (5 | ) |   |   | (97 | ) |
| Corporate      debt     |   |   | ---                          |   |   |   | --- |   |   |   | --- |   |
|                    |   |   |                         |   |   |   |   |   |   |   |   |   |
| Total                   |   | $      | 18,852                       |   |   | $ | (5 | ) |   | $ | (1,595 | ) |
|                    |   |   |                         |   |   |   |
|                    |   |   |                         |   |   |   |
|                    |   |   |                         |   | Gross      Unrealized Losses |   |
|                    | Fair   |   | Less      than               |   | More      than |   |
|                         | Value  |   | 12      months               |   | 12      Months |   |
| December      31, 2008  |   |   |                         |   |   |   |   |   |   |   |   |   |
| Equity      securities  |   | $      | 10,504                       |   |   | $ | (5,390 | ) |   | $ | --- |   |
| Municipal      bonds    |   |   | 33,162                       |   |   |   | (1,279 | ) |   |   | (696 | ) |
| Corporate      debt     |   |   | 1,890                        |   |   |   | (195 | ) |   |   | --- |   |
|                    |   |   |                         |   |   |   |   |   |   |   |   |   |
| Total                   |   | $      | 45,556                       |   |   | $ | (6,864 | ) |   | $ | (696 | ) |

----

Table of Contents 

|                        | Amortized |   | Fair   |
|-----------------------------|-----------|--------|--------|
|                        | Cost      |   | Value  |
|                        |      |   |   |   |   |
| Within one      year        | $         | 14,490 |   | $ | 14,725 |
| One through      five years |      | 29,211 |   |   | 30,499 |
| Five through      ten years |      | 14,873 |   |   | 15,619 |
| Over ten      years         |      | 30,333 |   |   | 31,228 |
| No fixed      maturity date |      | 619    |   |   | 625 |
|                        |      |   |   |   |   |
| Total                       | $         | 89,526 |   | $ | 92,696 |

| (6) | GAIN (LOSS)      ON DISPOSITIONS |
|-----|----------------------------------|

|                                    |   |      |   |   |      |   |   |         |
|-----------------------------------------|--------|-----------|--------|--------|-----------|--------|--------|--------------|
|                                    |   | 2009      |   |   | 2008      |   |   | 2007         |
|                                    |   |      |   |   |      |   |   |         |
| Gain on sale      of buildings          | $      |  --- |   | $      |  --- |   | $      |  92,524 |
| Gain (loss)      on disposals of assets |   | 148       |   |   | (12)      |   |   | (391)        |
|                                    |   |      |   |   |      |   |   |         |
| Total                                   | $      | 148       |   | $      | (12)      |   | $      | 92,133       |

| (7) | GOODWILL |
|-----|----------|

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Table of Contents 

|                                   |   |  Publishing |    |   |  Printing |   |   |  Software |   |   |  Total |   |
|----------------------------------------|--------|------------------|---------|--------|----------------|--------|--------|----------------|--------|--------|-------------|--------|
|                                   |   |             |    |   |           |   |   |           |   |   |        |   |
| Balance,      January 1, 2007          |   | $                | 38,422  |   |           | $      | 917    |           |   | $      | 22,451      |   |   | $ | 61,790 |   |
| Balance,      December 31, 2007        |   |             | 38,422  |   |           |   | 917    |           |   |   | 22,451      |   |   |   | 61,790 |   |
| Balance,      December 31, 2008        |   |             | 38,422  |   |           |   | 917    |           |   |   | 22,451      |   |   |   | 61,790 |   |
| Goodwill      acquired during the year |   |             | 977     |   |           |   | ---    |           |   |   | ---         |   |   |   | 977 |   |
| Impairment      loss                   |   |             | (17,805 | )      |           |   | ---    |           |   |   | ---         |   |   |   | (17,805 | ) |
|                                   |   |             |    |   |           |   |   |           |   |   |        |   |   |   |   |   |
| Balance,      December 31, 2009        |   | $                | 21,594  |   |           | $      | 917    |           |   | $      | 22,451      |   |   | $ | 44,962 |   |

| (8) | INCOME      TAXES |
|-----|-------------------|

|                                   |   |   |    |   |   |   |   |   |   |
|----------------------------------------|--------|--------|---------|--------|--------|--------|--------|--------|--------|
|                                   |   | 2009   |    |   | 2008   |   | 2007   |   |   |
| Taxes      currently payable:          |   |   |    |   |   |   |   |
|    Federal              |   | $      | 19,422  |   |   | $      | 14,868 |   | $      | 14,363 |   |
|    State      and local |   |   | 4,207   |   |   |   | 3,155  |   |   | 4,341 |   |
|                                   |   |   |    |   |   |   |   |   |   |   |   |   |
|                                   |   |   | 23,629  |   |   |   | 18,023 |   |   | 18,704 |   |
| Deferred tax      provision:           |   |   |    |   |   |   |   |   |   |   |   |   |
|    Federal              |   |   | (12,189 | )      |   |   | (619   | )      |   | 30,580 |   |
|    State      and local |   |   | (3,410  | )      |   |   | 1,340  |   |   | 4,460 |   |
|                                   |   |   |    |   |   |   |   |   |   |   |   |   |
|                                   |   |   | (15,599 | )      |   |   | 721    |   |   | 35,040 |   |
|                                   |   |   |    |   |   |   |   |   |   |   |   |   |
| Total                                  |   | $      | 8,030   |   |   | $      | 18,744 |   | $      | 53,744 |   |

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Table of Contents 

|                                        |   | Percent of      Pretax Income |   |
|---------------------------------------------|--------|-------------------------------|--------|
|                                        |   |                          |   |   |   |   |   |   |   |
|                                        |   | 2009                          |   |   | 2008 |   |   | 2007 |   |
|                                        |   |                          |   |   |   |   |   |   |   |
| Federal      statutory rate                 |   |                          | 35.0   | % |   |   | 35.0 | % |   |   | 35.0 | % |
| State and      local income taxes, net of   |   |                          |   |   |   |   |   |   |   |   |   |   |
|   federal      income tax benefit |   |                          | 2.0    |   |   |   | 5.8 |   |   |   | 4.0 |   |
| Tax exempt      interest exclusion          |   |                          | (4.8   | ) |   |   | (2.7 | ) |   |   | (0.9 | ) |
| Dividends      received exclusion           |   |                          | (0.2   | ) |   |   | (0.1 | ) |   |   | (0.1 | ) |
| Others                                      |   |                          | (0.5   | ) |   |   | (0.6 | ) |   |   | (0.1 | ) |
|                                        |   |                          |   |   |   |   |   |   |   |   |   |   |
| Total                                       |   |                          | 31.5   | % |   |   | 37.4 | % |   |   | 37.9 | % |

|                                                                   |   | December      31, |    |
|------------------------------------------------------------------------|--------|-------------------|---------|
|                                                                   |   |              |    |   |   |   |
|                                                                   |   | 2009              |    |   | 2008 |   |
| Deferred tax      assets:                                              |   |              |    |   |   |   |
|    Postretirement      benefits liability               |   | $                 | 84,466  |   |   | $ | 81,303 |   |
|    Inventories                                          |   |              | 1,299   |   |   |   | 1,562 |   |
|    Annual      leave                                    |   |              | 2,064   |   |   |   | 2,125 |   |
|    Accounts      receivable allowances                  |   |              | 537     |   |   |   | 535 |   |
|    Medical      claims                                  |   |              | 900     |   |   |   | 1,446 |   |
|    Amortization      of acquired intangible assets      |   |              | 4,642   |   |   |   | (881 | ) |
|    Others                                               |   |              | 1,578   |   |   |   | 2,550 |   |
|                                                                   |   |              |    |   |   |   |   |   |
| Total      deferred tax assets                                         |   |              | 95,486  |   |   |   | 88,640 |   |
|                                                                   |   |              |    |   |   |   |   |   |
| Deferred tax      (liabilities):                                       |   |              |    |   |   |   |   |   |
|    Capitalized      software                            |   |              | (1,497  | ) |   |   | (1,577 | ) |
|    Deferred      gain on real estate transactions       |   |              | (35,080 | ) |   |   | (35,942 | ) |
|    Depreciation                                         |   |              | (531    | ) |   |   | (384 | ) |
|    Unrealized      (gain) loss on marketable securities |   |              | (737    | ) |   |   | 1,991 |   |
|    Others                                               |   |              | (388    | ) |   |   | (306 | ) |
|                                                                   |   |              |    |   |   |   |   |   |
| Total      deferred tax (liabilities)                                  |   |              | (38,233 | ) |   |   | (36,218 | ) |
|                                                                   |   |              |    |   |   |   |   |   |
| Net deferred      tax assets                                           |   | $                 | 57,253  |   |   | $ | 52,422 |   |

----

Table of Contents 

|                                                                                                                                      | 2009   |   | 2008   |   | 2007    |
|-------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|---------|
| Unrecognized      tax benefits, January 1                                                                                                 | $      | 2,443  |   | $      | 2,993   |   | $ | 1,724 |
| Increases      resulting from tax positions   taken      during year                                                       |   | 300    |   |   | 482     |   |   | 1,269 |
| Decreases      related to settlements with   taxing      authorities                                                       |   | (509)  |   |   | (1,032) |   |   | --- |
|                                                                                                                                      |   |   |   |   |    |   |   |   |
| Unrecognized      tax benefits, December 31                                                                                               | $      | 2,234  |   | $      | 2,443   |   | $ | 2,993 |
| Total      unrecognized tax benefits that, if   recognized,      would reduce the effective   tax      rate | $      | 1,452  |   | $      | 1,588   |   | $ | 1,945 |
| Total      interest and penalties recognized in   the      Consolidated Statements of Income                               |   | 8      |   |   | 54      |   |   | 374 |
| Total      interest and penalties recognized in   the      Consolidated Balance Sheets                                     |   | 635    |   |   | 627     |   |   | 671 |

| (9) | OTHER BALANCE      SHEET INFORMATION |
|-----|--------------------------------------|

|                                                   |   |   |   |   |   |   |
|--------------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                                   |   | 2009   |   |   | 2008   |   |
| Receivables:                                           |   |   |   |   |   |   |
|    Customers                            |   | $      | 30,950 |   |   | $      | 34,675 |   |
|    Others                               |   |   | 3,210  |   |   |   | 2,709 |   |
|    Allowance      for doubtful accounts |   |   | (1,556 | )      |   |   | (1,723 | ) |
|                                                   |   |   |   |   |   |   |   |   |
| Total                                                  |   | $      | 32,604 |   |   | $      | 35,661 |   |

----

Table of Contents 

|                        | 2009   |   | 2008   |
|-----------------------------|--------|--------|--------|
| Inventories:                |   |   |   |   |   |
| Materials and      supplies | $      | 1,511  |   | $ | 1,272 |
| Work in      process        |   | 476    |   |   | 266 |
| Finished      goods         |   | 948    |   |   | 1,070 |
|                        |   |   |   |   |   |
| Total                       | $      | 2,935  |   | $ | 2,608 |

|                                  |   | 2009   |    |   | 2008   |   |
|---------------------------------------|--------|--------|---------|--------|--------|--------|
| Property and      equipment, at cost: |   |   |    |   |   |   |
| Land                                  |   | $      | 23,642  |   |   | $      | 23,642 |   |
| Buildings and      improvements       |   |   | 95,939  |   |   |   | 95,857 |   |
| Furniture and      equipment          |   |   | 46,734  |   |   |   | 46,469 |   |
| Accumulated      depreciation         |   |   | (51,279 | )      |   |   | (45,542 | ) |
|                                  |   |   |    |   |   |   |   |   |
| Total                                 |   | $      | 115,036 |   |   | $      | 120,426 |   |

|                                             |   | 2009   |    |   | 2008   |   |
|--------------------------------------------------|--------|--------|---------|--------|--------|--------|
| Intangible      and other assets:                |   |   |    |   |   |   |
| Intangible      and other amortizable assets:    |   |   |    |   |   |   |
| Gross      carrying amount—                |   |   |    |   |   |   |
| Software                                         |   | $      | 26,319  |   |   | $      | 25,693 |   |
| Customer      lists                              |   |   | 6,182   |   |   |   | 5,582 |   |
| Copyrights                                       |   |   | 9,145   |   |   |   | 9,145 |   |
| Other      amortizable assets                    |   |   | 214     |   |   |   | 130 |   |
|                                             |   |   |    |   |   |   |   |   |
|                                             |   |   | 41,860  |   |   |   | 40,550 |   |
| Accumulated      amortization—             |   |   |    |   |   |   |   |   |
| Software                                         |   |   | (21,247 | )      |   |   | (19,963 | ) |
| Customer      lists                              |   |   | (5,017  | )      |   |   | (4,644 | ) |
| Copyrights                                       |   |   | (8,374  | )      |   |   | (7,459 | ) |
| Other      amortizable assets                    |   |   | (123    | )      |   |   | (107 | ) |
|                                             |   |   |    |   |   |   |   |   |
|                                             |   |   | (34,761 | )      |   |   | (32,173 | ) |
|                                             |   |   |    |   |   |   |   |   |
| Net      intangible and other amortizable assets |   |   | 7,099   |   |   |   | 8,377 |   |
| Other      assets                                |   |   | 132     |   |   |   | 86 |   |
|                                             |   |   |    |   |   |   |   |   |
| Total                                            |   | $      | 7,231   |   |   | $      | 8,463 |   |

----

Table of Contents 

|                                                      | 2009   |   | 2008   |
|-----------------------------------------------------------|--------|--------|--------|
| Payables and      accrued liabilities:                    |   |   |   |   |   |
|   Accounts      payable and accrued liabilities | $      | 16,906 |   | $ | 18,928 |
|   Employee      compensation and benefits       |   | 17,909 |   |   | 20,159 |
|   Postretirement      benefits, current portion |   | 85     |   |   | 97 |
|   Income      taxes                             |   | 3,706  |   |   | 1,313 |
|                                                      |   |   |   |   |   |
| Total                                                     | $      | 38,606 |   | $ | 40,497 |

| (10) | TERM      DEBT |
|------|----------------|

|                                                |   |   |   |
|-----------------------------------------------------|--------|--------|--------|
|                                                | 2009   |   | 2008   |
|                                                |   |   |   |   |   |
| Notes      payable, unsecured, 8.15%, due 2010      | $      | 7,500  |   | $ | 15,000 |
| Notes      payable, unsecured, 6.99%, due 2010-2011 |   | 16,000 |   |   | 19,000 |
| Total term      debt                                |   | 23,500 |   |   | 34,000 |
|   Current      portion                    |   | 10,500 |   |   | 10,500 |
|                                                |   |   |   |   |   |
|   Long-term      debt                     | $      | 13,000 |   | $ | 23,500 |

----

Table of Contents 

| (11) | COMMITMENTS,      CONTINGENCIES, AND RELATED-PARTYTRANSACTIONS |
|------|----------------------------------------------------------------|

| (12) | STOCKHOLDERS'      DEFICIT |
|------|----------------------------|

----

Table of Contents 

|                                   |   | Treasury      Stock Shares |       |
|----------------------------------------|--------|----------------------------|------------|
|                                   |   |                       |       |   |   |   |   |   |   |
|                                   |   | Class      A               |       |   | Class      B |   |   | Class      C |   |
|                                   |   |                       |       |   |   |   |   |   |   |
| Balance,      January 1, 2007          |   |                       | 17,135,345 |   |   |   | 7,356,651 |   |   |   | 2,519,240 |   |
|                                   |   |                       |       |   |   |   |   |   |   |   |   |   |
| Sales to      employees                |   |                       | (613,571   | ) |   |   | --- |   |   |   | --- |   |
| Repurchases                            |   |                       | 812,430    |   |   |   | 1,222,785 |   |   |   | --- |   |
| Conversions      of Class A to Class B |   |                       | 771,655    |   |   |   | (771,655 | ) |   |   | --- |   |
|                                   |   |                       |       |   |   |   |   |   |   |   |   |   |
| Balance,      December 31, 2007        |   |                       | 18,105,859 |   |   |   | 7,807,781 |   |   |   | 2,519,240 |   |
|                                   |   |                       |       |   |   |   |   |   |   |   |   |   |
| Sales to      employees                |   |                       | (714,011   | ) |   |   | --- |   |   |   | --- |   |
| Repurchases                            |   |                       | 682,658    |   |   |   | 1,145,694 |   |   |   | --- |   |
| Conversions      of Class A to Class B |   |                       | 547,389    |   |   |   | (547,389 | ) |   |   | --- |   |
|                                   |   |                       |       |   |   |   |   |   |   |   |   |   |
| Balance,      December 31, 2008        |   |                       | 18,621,895 |   |   |   | 8,406,086 |   |   |   | 2,519,240 |   |
|                                   |   |                       |       |   |   |   |   |   |   |   |   |   |
| Sales to      employees                |   |                       | (617,280   | ) |   |   | --- |   |   |   | --- |   |
| Repurchases                            |   |                       | 607,173    |   |   |   | 1,370,216 |   |   |   | 5,990 |   |
| Conversions      of Class A to Class B |   |                       | 658,253    |   |   |   | (658,253 | ) |   |   | --- |   |
|                                   |   |                       |       |   |   |   |   |   |   |   |   |   |
| Balance,      December 31, 2009        |   |                       | 19,270,041 |   |   |   | 9,118,049 |   |   |   | 2,525,230 |   |

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Table of Contents 

| (13) | COMPREHENSIVE      INCOME (LOSS) |
|------|----------------------------------|

|                                                                                                      |   | 2009    |         |   | 2008   |    |          | 2007    |   |    |
|-----------------------------------------------------------------------------------------------------------|--------|---------|--------------|--------|--------|---------|---------------|---------|--------|---------|
|                                                                                                      |   |    |         |   |   |    |          |    |   |    |
| Net      Income                                                                                           |   | $       | 17,495       |   |   | $       | 31,441        |    |   | $       | 88,038 |   |   |
| Other      comprehensive income (loss):                                                                   |   |    |         |   |   |    |          |    |   |    |   |   |   |
|   Holding      gains (losses) on securities arising    during      the year |   |    | 8,259        |   |   |    | (8,810        | )       |   |    | 958 |   |   |
|     Less      net gain (loss) included in net income                                  |   |    | 464          |   |   |    | (314          | )       |   |    | 450 |   |   |
|     Changes      in unrealized gains (losses)                                         |   |    | 7,795        |   |   |    | (8,496        | )       |   |    | 508 |   |   |
|     Less      income taxes                                                            |   |    | 2,728        |   |   |    | (2,973        | )       |   |    | 178 |   |   |
|       Net      unrealized gains (losses)                                    |   |    | 5,067        |   |   |    | (5,523        | )       |   |    | 330 |   |   |
|                                                                                                      |   |    |         |   |   |    |          |    |   |    |   |   |   |
|   Currency      translation (losses) gains                                                      |   |    | (39          | )      |   |    | 282           |    |   |    | (71 | ) |   |
|   Less      income taxes                                                                        |   |    | (14          | )      |   |    | 99            |    |   |    | (25 | ) |   |
|       Net      currency translation (losses) gains                          |   |    | (25          | )      |   |    | 183           |    |   |    | (46 | ) |   |
|                                                                                                      |   |    |         |   |   |    |          |    |   |    |   |   |   |
|   Minimum      pension liability adjustment                                                     |   |    | ---          |   |   |    | ---           |    |   |    | 157 |   |   |
|   Less      income taxes                                                                        |   |    | ---          |   |   |    | ---           |    |   |    | 61 |   |   |
|       Net      minimum pension liability adjustment                         |   |    | ---          |   |   |    | ---           |    |   |    | 96 |   |   |
|                                                                                                      |   |    |         |   |   |    |          |    |   |    |   |   |   |
|   Post      retirement benefit adjustment                                                       |   |    | 22,646       |   |   |    | (77,390       | )       |   |    | --- |   |   |
|   Less      income taxes                                                                        |   |    | 8,055        |   |   |    | (30,154       | )       |   |    | --- |   |   |
|       Net      post retirement benefit adjustment                           |   |    | 14,591       |   |   |    | (47,236       | )       |   |    | --- |   |   |
|                                                                                                      |   |    |         |   |   |    |          |    |   |    |   |   |   |
| Total other      comprehensive income (loss)                                                              |   |    | 19,633       |   |   |    | (52,576       | )       |   |    | 380 |   |   |
| Comprehensive      income (loss)                                                                     |   |  $ |  37,128 |   |   |  $ |  (21,135 | )  |   |  $ | 88,418 |   |   |

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Table of Contents 

| (14) | FAIR VALUE      MEASUREMENTS |
|------|------------------------------|

|   | Level      1: | Unadjusted      quoted prices in active markets that are accessible at the measurement      date for identical, unrestricted assets or  liabilities. |
|--------|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Level      2: | Inputs, other      than quoted prices, that are observable for the asset or liability, either      directly or indirectly.  These include quoted prices for similar      assets or liabilities in active markets and quoted prices for identical or      similar assets or liabilities in markets that are not    active. |
|--------|---------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | Level      3: | Unobservable inputs      that reflect the reporting entity’s ownassumptions. |
|--|---------------|------------------------------------------------------------------------------------|

|                           | Balanceas      of |    | Fair Value      Measures at 12/31/09Using Fair      Value Hierarchy |   | Fair      Valueas      of |
|--------------------------------|-------------------|---------|---------------------------------------------------------------------|--------|---------------------------|
|                           | 12/31/09          |    | Level      1                                                        |   | Level      2              |   | Level      3 |   | 12/31/09 |
| Cash and cash      equivalents | $                 | 9,757   |                                                                | $      | 9,757                     |   | $ | --- |   | $ | --- |   | $ | 9,757 |
|                           |              |    |                                                                |   |                      |   |   |   |   |   |   |   |   |   |
| Short-term      investments    |              | 14,445  |                                                                |   | 14,445                    |   |   | --- |   |   | --- |   |   | 14,445 |
| Marketable      securities     |              | 95,305  |                                                                |   | 95,305                    |   |   | --- |   |   | --- |   |   | 95,305 |
|                           |              |    |                                                                |   |                      |   |   |   |   |   |   |   |   |   |
|    Total        | $                 | 119,507 |                                                                | $      | 119,507                   |   | $ | --- |   | $ | --- |   | $ | 119,507 |

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Table of Contents 

|                    | Balanceas      of |   | Fair Value      Measures at 12/31/09Using Fair      Value Hierarchy |   | Lossesas      of |
|-------------------------|-------------------|--------|---------------------------------------------------------------------|--------|------------------|
|                    | 12/31/09          |   | Level      1                                                        |   | Level      2     |   | Level      3 |   | 12/31/09 |
| Goodwill                | $                 | 0      |                                                                | $      | ---              |   | $ | --- |   | $ | 0 |   | $ | (17,805) |
|                    |              |   |                                                                |   |             |   |   |   |   |   |   |   |   |   |
|    Total | $                 | 0      |                                                                | $      | ---              |   | $ | --- |   | $ | 0 |   | $ | (17,805) |

| (15) | SEGMENTS |
|------|----------|

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Table of Contents 

| Year Ended      December 31, 2009      |   | Publishing |    |   | Printing |   |   | Software |   | Total  |   |        |   |
|----------------------------------------|--------|------------|---------|--------|----------|--------|--------|----------|--------|--------|--------|-------------|--------|
|                                   |   |       |    |   |     |   |   |     |   |   |   |        |   |
| Revenues from      external customers  |   | $          | 278,773 |   |     | $      | 23,437 |     |   | $      | 29,043 |        |   | $ | 331,253 |   |
| Intersegment      revenues             |   |       | ---     |   |     |   | 10,773 |     |   |   | 2,470  |        |   |   | 13,243 |   |
| Operating      profit                  |   |       | 15,065  |   |     |   | 839    |     |   |   | 7,870  |        |   |   | 23,774 |   |
| Equity loss      of affiliated company |   |       | (137    | )      |     |   | ---    |     |   |   | ---    |        |   |   | (137 | ) |
| Interest      expense                  |   |       | 2,519   |   |     |   | 68     |     |   |   | ---    |        |   |   | 2,587 |   |
| Identifiable      assets               |   |       | 385,084 |   |     |   | 18,967 |     |   |   | 38,059 |        |   |   | 442,110 |   |
| Depreciation      and amortization     |   |       | 8,889   |   |     |   | 1,077  |     |   |   | 46     |        |   |   | 10,012 |   |
| Goodwill      impairment               |   |       | 17,805  |   |     |   | ---    |     |   |   | ---    |        |   |   | 17,805 |   |
| Investment in      affiliated company  |   |       | 4,300   |   |     |   | ---    |     |   |   | ---    |        |   |   | 4,300 |   |
| Capital      expenditures              |   |       | 3,335   |   |     |   | 269    |     |   |   | ---    |        |   |   | 3,604 |   |
|                                   |   |       |    |
| Year Ended      December 31, 2008      |   | Publishing |    |   | Printing |   |   | Software |   |   |   |  Total |   |   |
|                                   |   |       |    |   |     |   |   |     |   |   |   |        |   |   |   |   |   |
| Revenues from      external customers  |   | $          | 290,537 |   |     | $      | 33,125 |     |   | $      | 28,549 |        |   |  $ | 352,211 |   |
| Intersegment      revenues             |   |       | ---     |   |     |   | 10,536 |     |   |   | 2,507  |        |   |   | 13,043  |   |
| Operating      profit                  |   |       | 38,613  |   |     |   | 1,805  |     |   |   | 8,465  |        |   |   |  48,883 |   |
| Interest      expense                  |   |       | 3,274   |   |     |   | 79     |     |   |   | ---    |        |   |   |  3,353 |   |
| Identifiable      assets               |   |       | 410,000 |   |     |   | 20,698 |     |   |   | 28,517 |        |   |   |  459,215 |   |
| Depreciation      and amortization     |   |       | 8,798   |   |     |   | 1,101  |     |   |   | 36     |        |   |   |  9,935 |   |
| Capital      expenditures              |   |       | 3,144   |   |     |   | 164    |     |   |   | 12     |        |   |   |  3,320 |   |
|                                   |   |

| Year Ended      December 31, 2007     |   | Publishing |    |   | Printing |   |   | Software |   |   | Total  |   |
|---------------------------------------|--------|------------|---------|--------|----------|--------|--------|----------|--------|--------|--------|--------|
|                                  |   |       |    |   |     |   |   |     |   |   |   |   |
| Revenues from      external customers |   | $          | 289,539 |   |     | $      | 35,673 |     |   | $      | 27,012 |   |   | $ | 352,224 |   |
| Intersegment      revenues            |   |       | ---     |   |     |   | 10,059 |     |   |   | 2,414  |   |   |   | 12,473 |   |
| Gain on sale      of buildings        |   |       | 92,524  |   |     |   | ---    |     |   |   | ---    |   |   |   | 92,524 |   |
| Operating      profit                 |   |       | 130,364 |   |     |   | 2,608  |     |   |   | 7,716  |   |   |   | 140,688 |   |
| Interest      expense                 |   |       | 4,467   |   |     |   | 204    |     |   |   | ---    |   |   |   | 4,671 |   |
| Identifiable      assets              |   |       | 389,839 |   |     |   | 21,224 |     |   |   | 32,181 |   |   |   | 443,244 |   |
| Depreciation      and amortization    |   |       | 7,227   |   |     |   | 1,058  |     |   |   | 34     |   |   |   | 8,319 |   |
| Capital      expenditures             |   |       | 112,774 |   |     |   | 1,710  |     |   |   | 23     |   |   |   | 114,507 |   |

|                                                |   | 2009   |    |   | 2008   |   |    | 2007   |   |
|-----------------------------------------------------|--------|--------|---------|--------|--------|--------|---------|--------|--------|
| Total      interest expense for reportable segments |   | $      | 2,587   |   |   | $      | 3,353   |   |   | $ | 4,671 |   |
| Elimination      of intersegment interest expense   |   |   | (68     | )      |   |   | (76     | )      |   |   | (199 | ) |
|   Consolidated      interest expense      |   | $      | 2,519   |   |   | $      | 3,277   |   |   | $ | 4,472 |   |
|                                                |   |   |    |   |   |   |    |   |   |   |   |   |
| Total assets      for reportable segments           |   | $      | 442,110 |   |   | $      | 459,215 |   |   | $ | 443,244 |   |
| Elimination      of intersegment assets             |   |   | (54,680 | )      |   |   | (46,529 | )      |   |   | (43,716 | ) |
|   Consolidated      assets                |   | $      | 387,430 |   |   | $      | 412,686 |   |   | $ | 399,528 |   |

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Table of Contents 

| (16) | SELECTED      QUARTERLY DATA |
|------|------------------------------|

|                           |   | Quarter Ended      2009       |
|--------------------------------|--------|-------------------------------|
|                           |   |                          | March      28  |   |   |   | June      20  |   |   |   |  September      12  |   |   |   |  December      31  |
|                           |   |                          |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenues                       |   | $                             | 75,856 |   |   | $ | 75,345 |   |   | $ | 72,904 |   |   | $ | 107,148 |
| Gross      Profit              |   |                          | 34,889 |   |   |   | 34,562 |   |   |   | 33,049 |   |   |   | 50,883 |
| Net Income      (Loss)         |   |                          | 5,992 |   |   |   | 6,685 |   |   |   | (5,921 | ) |   |   | 10,739 |
|                           |   |                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings      (Loss) Per Share |   | $                             | .22 |   |   | $ | .25 |   |   | $ | ( .22 | ) |   | $ | .41 |
|                           |   |  Quarter Ended      2008 |
|                           |   |                          | March      22  |   |   |   | June      14  |   |   |   |  September      6  |   |   |   |        December 31 |   |
|                           |   |                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenues                       |   | $                             | 75,261 |   |   | $ | 79,716 |   |   | $ | 78,189 |   |   | $ | 119,045 |
| Gross      Profit              |   |                          | 36,001 |   |   |   | 37,799 |   |   |   | 36,941 |   |   |   | 53,356 |
| Net      Income                |   |                          | 7,365 |   |   |   | 8,092 |   |   |   | 6,754 |   |   |   | 9,230 |
|                           |   |                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings Per      Share        |   | $                             | .26 |   |   | $ | .29 |   |   | $ | .24 |   |   | $ | .33 |

| (17) | ACCOUNTING      CHANGES |
|------|-------------------------|

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Table of Contents 

| Column      A                                       |   | Column      B   |   |   | Column      C   |   |   | Column      D   |            |   | Column      E     |      |
|-----------------------------------------------------|--------|-----------------|--------|--------|-----------------|--------|--------|-----------------|-----------------|--------|-------------------|-----------|
|                                                |   |            |   |   | Additions       |   |   |            |            |   |              |      |
|                                                |   |            |   |   |            | (1)    |   |            |            | (2)    |              |      |   |   |   |   |   |
|                                                |   |            |   |   |            |   |   |            | Charged      to |   |              |      |   |   |   |   |
|                                                |   | Balance      at |   |   | Charged      to |   |   | Other           |            |   |              |      |   | Balance      at |   |
|                                                |   | Beginning       |   |   | Costs      and  |   |   | Accounts— |            |   | Deductions— |      |   | End      of |   |
| Description                                         |   | of      Period  |   |   | Expenses        |   |   | Describe        |            |   | Describe          |      |   | Period |   |
|                                                |   |            |   |   |            |   |   |            |            |   |              |      |   |   |   |   |   |
| VALUATION      ACCOUNTS DEDUCTED                    |   |            |   |   |            |   |   |            |            |   |              |      |   |   |   |   |   |
|   FROM      ASSETS TO WHICH THEY APPLY:   |   |            |   |   |            |   |   |            |            |   |              |      |   |   |   |   |   |
|                                                |   |            |   |   |            |   |   |            |            |   |              |      |   |   |   |   |   |
| Allowance for      Doubtful Accounts Receivable:    |   |            |   |   |            |   |   |            |            |   |              |      |   |   |   |   |   |
|    Year      ended December 31, 2009 |   | $               | 1,723  |   |            | $      | 661    |            |            | $      | (154              | )(a)      |   | $ | (674 | )(b) |   | $ | 1,556 |   |
|    Year      ended December 31, 2008 |   |            | 2,034  |   |            |   | 390    |            |            |   | (158              | )(a)      |   |   | (543 | )(b) |   |   | 1,723 |   |
|    Year      ended December 31, 2007 |   |            | 2,102  |   |            |   | 660    |            |            |   | 83                |  (a) |   |   | 811 |  (b) |   |   | 2,034 |   |
|                                                |   |            |   |   |            |   |   |            |            |   |              |      |   |   |   |   |   |   |   |   |
| Allowance for      Excess Inventory:                |   |            |   |   |            |   |   |            |            |   |              |      |   |   |   |   |   |   |   |   |
|    Year      ended December 31, 2009 |   | $               | 724    |   |            | $      | (138   | )               |            |   |              |      |   |   |   |   |   | $ | 586 |   |
|    Year      ended December 31, 2008 |   |            | 680    |   |            |   | 44     |            |            |   |              |      |   |   |   |   |   |   | 724 |   |
|    Year      ended December 31, 2007 |   |            | 680    |   |            |   | ---    |            |            |   |              |      |   |   |   |   |   |   | 680 |   |
|                                                |   |            |   |   |            |   |   |            |            |   |              |      |   |   |   |   |   |   |   |   |
| Allowance for      Deferred Tax Assets:             |   |            |   |   |            |   |   |            |            |   |              |      |   |   |   |   |   |   |   |   |
|    Year      ended December 31, 2009 |   | $               | ---    |   |            | $      | ---    |            |            |   |              |      |   |   |   |   |   | $ | --- |   |
|    Year      ended December 31, 2008 |   |            | 601    |   |            |   | (601   | )               |            |   |              |      |   |   |   |   |   |   | --- |   |
|    Year      ended December 31, 2007 |   |            | 658    |   |            |   | (57    | )               |            |   |              |      |   |   |   |   |   |   | 601 |   |

| (a) | Charged to deferred      subscription revenue; portion of allowance for doubtful accounts      receivable not included      inrevenues |
|-----|----------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Net accounts      written off. |
|-----|--------------------------------|

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Table of Contents 

| Item      9. | Changes      in and Disagreements with Accountants on Accounting and Financial      Disclosures |
|--------------|-------------------------------------------------------------------------------------------------|

There were no disagreements with accountants onaccounting and financial disclosures

| Item      9A(T). | Controls      and Procedures |
|------------------|------------------------------|

| Management’s      Report on Internal Control over Financial Reporting |   |
|-----------------------------------------------------------------------------|--------|

| Item      9B. | Other      Information |
|---------------|------------------------|

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Table of Contents 

| Item      10. | Directors,      Executive Officers and Corporate    Governance |
|---------------|----------------------------------------------------------------|

The information 

| Name                           | Age    |   | Present      position and prior experience                                     |
|--------------------------------|--------|--------|--------------------------------------------------------------------------------|
| Cynthia J.      Bolbach        | 62     |   | Executive      Vice President and                                              |
|                           |   |   | Corporate      Secretary                                                       |
|                           |   |   | Corporate      secretary since 1995                                            |
|                           |   |   |         and executive vice president since 2009.                |
|                           |   |   | Joined BNA in      1972                                                        |
|                           |   |   |                                                                           |
| Eunice L.      Bumgardner      | 49     |   | Executive      Vice President and                                              |
|                           |   |   | General      Counsel                                                           |
|                           |   |   | Executive      vice president since 2009                                       |
|                           |   |   | and general      counsel since 1995. Joined                                    |
|                           |   |   |         BNA in 1994.                                                 |
|                           |   |   |                                                                           |
| Carol A.      Clark       | 53     |   | Executive      Vice President    and        |
|                           |   |   | Chief      Technology Officer                                             |
|                           |   |   | Executive      vice president and chief                                        |
|                           |   |   | technology      officer since 2009.                                            |
|                           |   |   | Previously      served as technology director.                                 |
|                           |   |   |         since 1997.  Joined BNA in 1983.                        |
|                           |   |   |                                                                           |
| Robert P.      Ambrosini  | 53     |   | Executive      Vice President and                                         |
|                           |   |   | Chief      Financial Officer                                              |
|                           |   |   | Joined BNA in      2007 as Chief financial                                |
|                           |   |   | officer;      executive vice president since                                   |
|                           |   |   | 2009.       Served as Senior Vice President of                            |
|                           |   |   | Finance and      Accounting for the National                                   |
|                           |   |   | Geographic      Channel 2004 - 2006.                                           |
|                           |   |   |                                                                           |
| Gilbert S.      Lavine         | 58     |   | Treasurer                                                                      |
|                           |   |   | Treasurer      since 1998.  Joined BNA in 1985.                           |

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Table of Contents 

| Name                       | Age  |   | Present      position and prior experience     |
|---------------------------------|-----------|--------|-----------------------------------------------------|
| Gregory C.      McCaffery  | 49        |   | President and      Chief Operating Officer          |
|                            |      |   | President      since 2007 and chief operating  |
|                            |      |   | officer since      2003.  Joined BNA in 1986   |

|                   |   |   |                                                |
|------------------------|--------|--------|-----------------------------------------------------|
| James R.      Schneble | 55     |   | Corporate      Controller                           |
|                   |   |   | Controller      since 1990. Joined BNA in 1985.     |
|                   |   |   |                                                |
| Paul N.      Wojcik    | 61     |   | Chairman and      Chief Executive Officer           |
|                   |   |   | Chairman      since 2007 and CEO since              |
|                   |   |   | 1997,      president 1995-2007.  Joined BNA in |
|                   |   |   | 1972.                                               |

| Item      11. | Executive      Compensation |
|---------------|-----------------------------|

The information required under this Item 11 iscontained in the Proxy Statement under the headings "III.Executive Compensation" and is incorporated herein byreference

| Item      12. | Security      Ownership of Certain Beneficial Owners and Management and Related      Stockholder Matters |
|---------------|----------------------------------------------------------------------------------------------------------|

| Item      13. | Certain      Relationships and Related Transactions, and Director      Independence |
|---------------|-------------------------------------------------------------------------------------|

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Table of Contents 

| Item      14. | Principal      Accountant Fees and Services |
|---------------|---------------------------------------------|

The information required under this Item 14 iscontained in the Proxy Statement under the heading "IV.   AuditCommittee Disclosure" and is incorporated herein byreference

| Item      15. | Exhibits and Financial Statement      Schedule |
|---------------|------------------------------------------------|

|   | The following      documents are filed as part of thisreport. |
|--------|---------------------------------------------------------------|

| (a)(1)                         | Financial      Statements                                                          | Page   |
|--------------------------------|------------------------------------------------------------------------------------|--------|
|                           | Reports of      Independent Registered Public Accounting Firms                     | 24     |
|                           |                                                                               |   |
|                           | Consolidated      Statements of Income for the years                               | 25     |
|                           |     ended      December 31, 2009, 2008, and 2007          |   |
|                           |                                                                               |   |
|                           | Balance      Sheets as of December 31, 2009 and 2008                               | 26     |
|                           |                                                                               |   |
|                           | Consolidated      Statements of Cash Flows for each of the                         |   |
|                           | years ended      December 31, 2009, 2008, and 2007                                 | 28     |
|                           |                                                                               |   |
|                           | Consolidated      Statements of Changes in Stockholders'                           |   |
|                           | Equity and      Comprehensive Income for each of the                               |   |
|                           | years ended      December 31, 2009, 2008, and 2007                                 | 30     |
|                           |                                                                               |   |
|                           | Notes to      Consolidated Financial Statements                                    | 31     |
|                           |                                                                               |   |
| (a)(2)                         | Financial      Statement Schedule:                                                 |   |
|       | II       Valuation and Qualifying Accounts and Reserves                       |   |
|                           |     for      the years ended December 31, 2009, 2008, and 2007 | 53     |

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| (a)(3) | Exhibits                                                                                             |
|--------|------------------------------------------------------------------------------------------------------|
|   |                                                                                                 |
| 3.1    | Certificate      of Incorporation, as amended*                                                       |
|   |                                                                                                 |
| 3.2    | Bylaws, as      amended.**                                                                           |
|   |                                                                                                 |
| 11     | Statement re:      Computation of Per Share Earnings is contained in the  2009                       |
|   | Consolidated      Financial Statements in the Notes to Consolidated  Financial      Statements, |
|   | Note 12,      "Stockholders' (Deficit) Equity"                                                  |

| 21         | Subsidiaries      of Registrant.***                                                                       |
|------------|-----------------------------------------------------------------------------------------------------------|
|       |                                                                                                      |
| 23.1  | Consent      of BDO Seidman, LLP,  Independent Registered Public Accounting      Firm           |
|       |                                                                                                      |
| 31.1       | Certification      of the Chief Executive Officer pursuant to Section 302                                 |
|       | of the      Sarbanes-Oxley Act of 2002, 18 U.S.C. section 1350.                                           |
|       |                                                                                                      |
| 31.2       | Certification      of the Chief Financial Officer pursuant to Section 302                                 |
|       | of the      Sarbanes-Oxley Act of 2002, 18 U.S.C. section 1350.                                           |
|       |                                                                                                      |
| 32.1       | Certification      of the Chief Executive Officer pursuant to Section 906                                 |
|       | of the      Sarbanes-Oxley Act of 2002, 18 U.S.C. section 1350.                                           |
|       |                                                                                                      |
| 32.2       | Certification      of the Chief Financial Officer pursuant to Section 906                                 |
|       | of the      Sarbanes-Oxley Act of 2002, 18 U.S.C. section 1350.                                           |
|       |                                                                                                      |
| 99.1       | Proxy      Statement for the Annual Meeting of security holders to be held on      April 17,2010**** |

| *      | Incorporated by reference to      the Company’s 2001 Form 10-K                                 |
|--------|------------------------------------------------------------------------------------------------------|
|   | Commission      File Number 2-28286, filed on March 29, 2002.                                        |
|   | The      exhibit number indicated above corresponds to the                                           |
|   | exhibit      number in that filing.                                                                  |
|   |                                                                                                 |
| **     | Incorporated by reference to      the 8K filed by the Company on                                     |
|   | February      18, 2009. The exhibit number indicated abovecorresponds                                |
|   | to the      exhibit number in that filing.                                                           |
|   |                                                                                                 |
| ***    | Filed      herewith.                                                                                 |
|   |                                                                                                 |
| ****   | Incorporated by reference to      the Company’s Definitive Proxy Statement, to be  filed  |
|   | with the      SEC within 120 days of December 31, 2009.                                              |
|   |                                                                                                 |
|   | Upon      written or oral request to the Company’s General Counsel, a      copy                |
|   | of any of      the above exhibits will be furnished atcost.                                          |

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Table of Contents 

SIGNA

| By:  /s/Paul      N. Wojcik                                              | By:  /s/Robert      P. Ambrosini                                                                      |
|-------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------|
|          Paul      N. Wojcik     |          Robert      P. Ambrosini,                                 |
|               Chief Executive Officer |          Executive      Vice President and Chief Financial Officer |
|                                                 |         (Chief      Accounting Officer)                                 |
|                                                                          |                                                                                                            |
|  Date:  March      24, 2010                                         |  Date:  March      24,  2010                                                                          |

| By:  /s/Paul      N. Wojcik                                                              |  March      24, 2010 |
|-----------------------------------------------------------------------------------------------|---------------------------|
|          Paul      N. Wojcik                     |  Date                |
|          Chairman      of the Board of Directors |                      |
|          Director                                |                      |

|  By: /s/Paul      A.      Blakely                                       | March      24,      2010       |  By:  /s/George      J.      Korphage                                                     | March      24,      2010 |
|-----------------------------------------------------------------------------------|--------------------------------|-----------------------------------------------------------------------------------------------------|--------------------------|
|         Paul      A. Blakely              | Date                           |         George      J. Korphage                             | Date                     |
|         Director                          |                           |         Director                                            |                     |
|                                                                              |                           |                                                                                                |                     |
|  By: /s/Cynthia      J.      Bolbach                                         | March      24, 2010            |  By:  /s/Gregory      C.      McCaffrey                                                   | March      24,  2010     |
|          Cynthia      J. Bolbach     | Date                           |          Gregory      C. McCaffrey                     | Date                     |
|          Director                    |                           |         Director                                            |                     |
|                                                                              |                           |                                                                                                |                     |
|  By: /s/Eunice      Lin      Bumgardner                                      | March      24, 2010            |  By:  /s/Darren      P. McKewen                                                      | March      24,  2010     |
|          Eunice      Lin Bumgardner  | Date                           |         Daren      P. McKewen      | Date                     |
|          Director                    |                           |         Director                                            |                     |
|                                                                              |                           |                                                                                                |                     |
|  By: /s/Neil      R.      Froemming                                          | March      24, 2010            |  By:  /s/Jonathan      Newcomb                                                            | March      24,  2010     |
|          Neil      R. Froemming | Date                           |          Jonathan      Newcomb                         | Date                     |
|          Director                    |                           |         Director                                            |                     |
|                                                                              |                           |                                                                                                |                     |
|  By:  /s/Gerald      S.Hobbs                                            | March       24, 2010      |  By:       _________________                                                              | March      24,  2010     |
|          Gerald      S. Hobbs        | Date                           |          Ellen      Taus                               | Date                     |
|          Director                    |                           |         Director                                            |                     |
|                                                                              |                           |                                                                                                |                     |
|  By: /s/Marcia      P. Kaplan                                           | March       24,      2010 |  By:  /s/Daniel      W. Toohey                                                       | March      24,      2010 |
|          Marcia      P. Kaplan       | Date                           |          Daniel      W.Toohey                          | Date                     |
|          Director                    |                           |         Director                                            |                     |

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Table of Contents 

|                     |     |   | EXHIBIT INDEX                                                                                               |                 |
|--------------------------|----------|--------|-------------------------------------------------------------------------------------------------------------|----------------------|
|                     |     |   |                                                                                                        |                 |
|                     |     |   |                                                                                                        | Sequential      Page |
| Number                   |     |   | Exhibit Description                                                                                         |  Number         |
|                     |     |   |                                                                                                        |                 |
| 3                        | .1  |   | Certificate      of Incorporation, as amended                                                               |  *              |
|                     |     |   |                                                                                                        |                 |
| 3                        | .2       |   | Bylaws, as      amended                                                                                     |  *              |
|                     |     |   |                                                                                                        |                 |
| 11                       |     |   | Statement re:      Computation of Per Share Earnings is contained in the2009                                |                 |
|                     |     |   |     Consolidated      financial Statements in the Notes to Consolidated  Financial |                 |
|      |     |   |     Statements,      Note 12 "Stockholders' Deficit"                                    | 46                   |
|                     |     |   |                                                                                                        |                 |
| 21                       |     |   | Subsidiaries of Registrant                                                                                  | 61                   |
|                     |     |   |                                                                                                        |                 |
| 23                       | .1       |   | Consent of BDO Seidman, LLP, Independent Registered      Public Accounting Firm                        | 62                   |
|                     |     |   |                                                                                                        |                 |
| 31                       | .1  |   | Certification of the Chief Executive Officer      pursuant to Section 302                                   |                 |
|                     |     |   |     of the Sarbanes-Oxley Act of 2002, 18 U.S.C.      section      1350.                | 63                   |
|                     |     |   |                                                                                                        |                 |
| 31                       | .2       |   | Certification of the Chief Financial Officer      pursuant to Section 302                                   |                 |
|                     |     |   |    of the Sarbanes-Oxley Act of 2002, 18 U.S.C.      section      1350.                      | 64                   |
|                     |     |   |                                                                                                        |                 |
| 32                       | .1       |   | Certification of the Chief Executive Officer      pursuant to Section 906                                   |                 |
|                     |     |   |     of the Sarbanes-Oxley Act of 2002, 18 U.S.C.      section 1350.                     | 65                   |
|                     |     |   |                                                                                                        |                 |
| 32                       | .2       |   | Certification of the Chief Financial Officer      pursuant to Section 906                                   |                 |
|                     |     |   |     of the Sarbanes-Oxley Act of 2002, 18 U.S.C.      section 1350.                     | 66                   |
|                     |     |   |                                                                                                        |                 |
| 99                       | .1       |   | Proxy      Statement for the Annual Meeting of Stockholders to be held on April      18, 2009          | **                   |
|                     |     |   |                                                                                                        |                 |
| *                   |     |   | Incorporated      by reference to the Company’s 2001 Form 10-K                                        |                 |
|                     |     |   | Commission      File Number 2-28286, filed on March 29, 2002.                                               |                 |
|                     |     |   | The exhibit      number indicated above corresponds to the                                                  |                 |
|                     |     |   | exhibit      number in that filing.                                                                         |                 |
|                     |     |   |                                                                                                        |                 |
|  **                 |     |   | The      Definitive Proxy Statement is expected to be filed with                                            |                 |
|                     |     |   | the SEC      within 120 days of December 31, 2009.                                                          |                 |

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