Delaware		74-2717523
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification Number)
888 Seventh Avenue		(212) 887-6800
New York, NY 10106		(Registrant’s telephone number, including area code)
(Address of principal executive offices)

				Page No.
Part I		Financial Information
Item 1.		Financial Statements
		Condensed Consolidated Balance Sheets as of September 30, 2002 (unaudited) and December 31, 2001		1
		Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2002 and 2001 (unaudited)		3
		Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2002 and 2001 (unaudited)		4
		Notes to Condensed Consolidated Financial Statements		6
Item 2.		Management’s Discussion and Analysis of Financial Condition and Results of Operations		11
Item 3.		Quantitative and Qualitative Disclosures about Market Risk		17
Item 4.		Controls and Procedures		17
Part II		Other Information
Item 5.		Other Information		18
Item 6.		Exhibits and Reports on Form 8-K		18
Signatures				19
Certifications				20

		September 30, 2002			December 31, 2001
		(Unaudited)
		(In thousands)
Assets
Current assets:
Cash and cash equivalents		$	9,053		$	3,260
Accounts receivable, net			137,178			142,146
Program and barter rights			78,034			54,917
Receivable from The Hearst Corporation			134			—
Deferred income taxes			4,085			3,733
Other			4,223			5,891
Total current assets			232,707			209,947
Property, plant and equipment, net			315,806			328,257
Goodwill			799,198			799,527
Intangible assets, net			2,357,038			2,357,117
Other assets:
Deferred financing costs, net			18,034			20,259
Investments			27,285			30,308
Program and barter rights, noncurrent			7,478			3,272
Other			31,744			31,018
Total other assets			84,541			84,857
Total assets		$	3,789,290		$	3,779,705

		September 30, 2002				December 31, 2001
		(Unaudited)
		(In thousands)
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable		$	8,616			$	14,375
Accrued liabilities			72,781				59,565
Program and barter rights payable			76,616				53,930
Payable to The Hearst Corporation			—				2,612
Other			10,518				3,658
Total current liabilities			168,531				134,140
Noncurrent liabilities:
Program and barter rights payable, noncurrent			10,265				5,045
Long-term debt			1,037,528				1,160,205
Deferred income taxes			812,277				792,327
Other liabilities			15,968				21,374
Total noncurrent liabilities			1,876,038				1,978,951
Convertible preferred securities			200,000				200,000
Stockholders’ equity:
Series A preferred stock			1				1
Series B preferred stock			1				1
Series A common stock			542				537
Series B common stock			413				413
Additional paid-in capital			1,279,789				1,270,908
Retained earnings			344,674				275,453
Treasury stock, at cost			(80,699	)			(80,699	)
Total stockholders’ equity			1,544,721				1,466,614
Total liabilities and stockholders’ equity		$	3,789,290			$	3,779,705

		Three Months Ended September 30,							Nine Months Ended September 30,
		2002			2001				2002			2001
		(Unaudited) (In thousands, except per share data)
Total revenues		$	176,475		$	145,188			$	513,700		$	469,898
Station operating expenses			81,974			79,722				241,077			240,048
Amortization of program rights			15,167			14,527				44,756			42,981
Depreciation and amortization			10,383			32,591				31,304			97,743
Station operating income			68,951			18,348				196,563			89,126
Corporate general and administrative expenses			5,254			3,894				13,493			11,427
Operating income			63,697			14,454				183,070			77,699
Interest expense, net			18,641			23,983				55,804			77,449
Trust preferred dividends			3,750			—				11,250			—
Other income, net			—			—				299			48,778
Equity in loss of affiliates			703			1,683				2,979			4,721
Income (loss) before income taxes			40,603			(11,212	)			113,336			44,307
Income taxes			15,428			(4,770	)			43,067			20,769
Net income (loss)			25,175			(6,442	)			70,269			23,538
Less preferred stock dividends			337			355				1,048			1,066
Income (loss) applicable to common stockholders		$	24,838		$	(6,797	)		$	69,221		$	22,472
Income (loss) per common share—basic:		$	0.27		$	(0.07	)		$	0.75		$	0.24
Number of common shares used in the calculation			92,273			91,792				92,082			91,807
Income (loss) per common share—diluted:		$	0.27		$	(0.07	)		$	0.75		$	0.24
Number of common shares used in the calculation			92,606			91,792				92,470			92,030

		Nine Months Ended September 30,
		2002				2001
		(Unaudited) (In thousands)
Operating Activities
Net income		$	70,269			$	23,538
Adjustments to reconcile net income to net cash provided by operating activities:
Other income, net			—				(48,778	)
Amortization of intangible assets			79				66,392
Amortization of program rights			44,769				42,981
Program payments			(44,226	)			(42,924	)
Depreciation			31,225				31,351
Deferred income taxes			19,597				13,497
Equity in loss of affiliates			2,979				4,721
Amortization of deferred financing costs			2,225