News Release
 View printer-friendly version |
| << Back |
| Scripps Reports November Revenue, Statistics |
CINCINNATI, Dec. 12 /PRNewswire-FirstCall/ -- The E. W. Scripps Company today reported November revenue and statistics for its Scripps Networks, newspaper and television station group divisions. At Scripps Networks revenue was up 17 percent to $96.0 million compared with the same month a year ago. Advertising revenue for the month at Scripps Networks was up 16 percent and affiliate fee revenue increased 11 percent. Scripps Networks includes the company's portfolio of national cable and satellite television networks, including HGTV, Food Network, DIY Network, Fine Living and Great American Country (GAC). HGTV and Food Network can each be seen in about 91 million U.S. television households. DIY Network and Fine Living each can be seen in about 41 million households and GAC reached about 46 million U.S. households in November. At the company's television station group, November revenue was up 26 percent to $39.6 million, due to the strength of political advertising. Political advertising was $10.2 million for the month compared with $1.4 million in the year-ago period. The decline in the station group's local advertising category reflects the displacement of regular inventory to accommodate the increased volume of political advertising business that occurred during the month. At newspapers managed solely by Scripps, total revenue was $61.8 million compared with $62.4 million during the same period a year ago. Newspaper advertising revenue decreased 0.2 percent during November, year over year. Broken down by category, newspaper advertising revenue during the month was:
- Local, up 1.6 percent to $15.7 million.
- Classified, down 6.9 percent to $15.8 million.
- National, down 5.1 percent to $3.4 million.
- Preprint, online and other, up 6.7 percent to $15.8 million.
For competitive reasons, Scripps does not report monthly revenue and statistics for its interactive media division, which includes online search and price comparison services Shopzilla and uSwitch. The company reports revenue from the interactive media division on a quarterly basis. About Scripps The E. W. Scripps Company (NYSE: SSP) is a diverse and growing media enterprise with interests in national cable networks, newspaper publishing, broadcast television stations, interactive media, and licensing and syndication. The company's portfolio of media properties includes: Scripps Networks, with such brands as HGTV, Food Network, DIY Network, Fine Living and Great American Country; daily and community newspapers in 18 markets and the Washington-based Scripps Media Center, home to the Scripps Howard News Service; 10 broadcast TV stations, including six ABC-affiliated stations, three NBC affiliates and one independent; Scripps Interactive Media, including leading online search and comparison shopping services, Shopzilla and uSwitch; and United Media, a leading worldwide licensing and syndication company that is the home of PEANUTS, DILBERT and approximately 150 other features and comics.
THE E.W. SCRIPPS COMPANY
Unaudited Revenue and Statistical Summary
Period: November
Report date: December 12, 2006
REVENUE AND STATISTICAL SUMMARY FOR SELECTED OPERATING SEGMENTS
(amounts in millions,
unless otherwise noted) November Year-to-date
2006 2005 % 2006 2005 %
SCRIPPS NETWORKS
Operating Revenues
Advertising $78.2 $67.3 16.1% $764.1 $661.4 15.5%
Affiliate fees, net 15.7 14.2 10.8% 178.3 153.2 16.4%
Other 2.1 0.7 216.8% 18.1 8.0
Scripps Networks $96.0 $82.2 16.8% $960.5 $822.6 16.8%
Subscribers (1)
HGTV 91.0 88.9 2.4%
Food Network 90.9 87.9 3.4%
Great American Country 45.7 39.3 16.3%
NEWSPAPERS (2)
Operating Revenues
Local $15.7 $15.4 1.6% $145.7 $144.3 0.9%
Classified 15.8 17.0 (6.9)% 209.8 202.3 3.7%
National 3.4 3.6 (5.1)% 34.3 38.1 (10.1)%
Preprints, online
and other 15.8 14.8 6.7% 138.1 125.3 10.2%
Newspaper advertising 50.6 50.8 (0.2)% 527.8 510.0 3.5%
Circulation 10.0 10.2 (1.5)% 113.0 115.3 (1.9)%
Other 1.2 1.5 (19.6)% 14.7 14.5 1.4%
Newspapers managed
solely by us $61.8 $62.4 (0.9)% $655.5 $639.7 2.5%
Ad inches
(excluding JOAs)
(in thousands)
Local 487 507 (4.0)% 4,823 4,946 (2.5)%
Classified 716 697 2.6% 8,721 8,094 7.7%
National 78 94 (16.7)% 877 1,022 (14.2)%
Full run ROP 1,281 1,298 (1.3)% 14,422 14,062 2.6%
BROADCAST TELEVISION
Operating Revenues
Local $18.2 $19.0 (4.6)% $186.4 $180.6 3.2%
National 10.1 10.1 0.5% 94.9 93.7 1.2%
Political 10.2 1.4 44.2 3.9
Other 1.1 0.8 35.7% 11.1 12.0 (7.7)%
Broadcast Television $39.6 $31.3 26.2% $336.5 $290.3 15.9%
(1) Subscriber counts are according to the Nielsen Homevideo Index of
homes that receive cable networks.
(2) On February 1, 2006, we contributed the Boulder Daily Camera, the
Colorado Daily and the twice-weekly Broomfield Enterprise in
exchange for a 50% interest in a partnership we jointly operate
with MediaNews Group Inc. To enhance comparability the reported
revenues do not include operating revenues of these newspapers
prior to the formation of the partnership. Our 50% share of the
operating profit (loss) of the partnership is reported as "Equity
in earnings of JOAs and other joint ventures" in our financial
statements.
SOURCE The E. W. Scripps Company |
