| Scripps February Revenues Increase 12 Percent |
CINCINNATI, March 9 /PRNewswire/ -- The E.W. Scripps Company's consolidated revenues increased 12 percent in February to $132 million, compared to $118 million in February 1999. Newspaper advertising revenues increased 8.7 percent to $57.1 million. Classified advertising revenues increased 11 percent to $23.4 million. Local advertising revenues increased 2.6 percent to $22.1 million. Total newspaper revenues were up 6.4 percent to $74.7 million. Broadcast television revenues increased 5.6 percent to $23.3 million. Category television revenues increased 59 percent to $23.5 million. The number of subscribers at Home & Garden Television reached 60.1 million in February, up 400,000 from the previous month, according to the Nielsen Homevideo Index. Home & Garden Television now reaches more than 75 percent of all domestic cable households. The number of Food Network subscribers reached 45.6 million in February, up 500,000 from the previous month, according to the Nielsen index. The E.W. Scripps Company (NYSE: SSP) operates 19 daily newspapers; 10 broadcast television stations; three TV networks, Home & Garden Television, the Food Network and Do It Yourself; and a TV programmer, Scripps Productions. The company also operates United Media, a worldwide syndicator and licensor of news features and comics; the Scripps Howard News Service; and publishes independent Yellow Pages directories. Scripps operates 31 revenue-producing Web sites, including hgtv.com, foodtv.com, diynet.com and comics.com.
THE E.W. SCRIPPS COMPANY
Unaudited Revenue and Statistical Summary
Period: February
Report date: March 9, 2000
February **** Year-to-date
2000 1999 % 2000 1999 %
CONSOLIDATED REVENUE
Newspapers $74.7 $70.2 6.4 % $149.9 $144.5 3.7 %
Broadcast
Television 23.3 22.1 5.6 % 47.7 45.0 6.1 %
Category
Television 23.5 14.8 58.5 % 45.4 29.4 54.2 %
Licensing and
Other Media 10.5 10.6 (1.7)% 18.6 19.0 (2.0)%
TOTAL $131.9 $117.7 12.1 % $261.6 $237.9 9.9 %
NEWSPAPERS ***
Revenue ( in millions )
Local $ 22.1 $ 21.5 2.6 % $ 43.8 $ 43.8 (0.1)%
Classified 23.4 21.0 11.3 % 48.3 44.1 9.5 %
National 2.8 2.6 10.2 % 5.6 5.2 7.1 %
Preprints and other 8.8 7.4 18.4 % 17.5 15.3 14.7 %
Newspaper
advertising 57.1 52.5 8.7 % 115.2 108.4 6.3 %
Circulation 12.5 13.0 (4.3)% 25.6 26.8 (4.8)%
Other * 5.1 4.6 10.4 % 9.1 9.3 (1.4)%
Newspapers $ 74.7 $ 70.2 6.4 % $ 149.9 $ 144.5 3.7 %
Ad inches (in thousands)
Local 806 777 3.7 % 1,609 1,608 0.1 %
Classified 932 851 9.5 % 1,897 1,747 8.6 %
National 77 63 22.4 % 154 126 23.0 %
Full run ROP 1,814 1,690 7.3 % 3,660 3,481 5.2 %
BROADCAST TELEVISION
Revenue
Local $12.3 $12.3 0.0 % $26.0 $25.1 3.5 %
National 9.1 8.3 9.5 % 18.4 16.5 11.0 %
Political 0.8 0.1 1.2 0.2
Other 1.1 1.3 (17.0)% 2.1 3.1 (32.6)%
Broadcast
Television $23.3 $22.1 5.6 % $47.7 $45.0 6.1 %
CATEGORY TELEVISION
Revenue
Advertising $ 18.3 $ 10.4 75.2 % $ 35.2 $ 20.0 75.8 %
Affiliate fees 4.8 3.9 23.0 % 9.3 7.9 17.8 %
Other 0.4 0.5 (16.1)% 0.9 1.5 (42.1)%
Category
Television $ 23.5 $ 14.8 58.5 % $ 45.4 $ 29.4 54.2 %
Subscribers **( homes in millions )
HGTV 60.1 51.3 17.2 %
Food Network 45.6 38.5 18.4 %
** According to Nielsen Homevideo Index of homes that receive cable networks. *** For comparative purposes, certain 1999 amounts have been reclassified to conform to 2000 classifications. ****February 2000 had 5 Tuesdays, versus 4 in 1999. SOURCE The E.W. Scripps Company
CONTACT: Tim Stautberg of The E.W. Scripps Company, 513-977-3827, or stautberg@scripps.com/ |