Reported operating loss for the full year 2008 was $ 582.9 million . Excluding the impairment charge associated with goodwill and mastheads and other long-lived assets , operating income in 2008 was $ 32.6 million , as compared with $ 45.2 million in 2007 . As Adjusted EBITDA was $ 131.4 million for the year ended December 31 , 2008 , down 20.3 % on a same-store basis .