| Scripps Reports February Revenue, Statistics |
CINCINNATI, March 14 /PRNewswire-FirstCall/ -- The E. W. Scripps Company today reported February revenue and statistics for its Scripps Networks, Shop At Home, newspaper and broadcast television operating divisions. For competitive reasons, the company does not report monthly revenue from its online comparison shopping subsidiary, Shopzilla. The company reports Shopzilla revenue on a quarterly basis. At Scripps Networks revenue was up 23 percent to $78.1 million in February compared with the same month a year ago. February advertising revenue at Scripps Networks was up 23 percent and affiliate fee revenue increased 22 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 both be seen in 89 million U.S. television households. DIY Network and Fine Living can be seen in about 36 million households. GAC reached 40 million U.S. households in February. At the company's newspapers, total revenue was up 5.2 percent to $58.9 million. Newspaper advertising revenue grew 6.7 percent during February. Broken down by category, newspaper advertising revenue during the month was: - Local, up 2.1 percent to $13.6 million.
- Classified, up 12 percent to $20.0 million.
- National, down 13 percent to $2.8 million.
- Preprint, online and other, up 9.5 percent to $11.1 million.
At the company's broadcast television stations, February revenue was up 34 percent to $30.2 million. Sale of commercial time related to the Super Bowl on the company's six ABC affiliates and the Winter Olympics on the company's three NBC affiliates contributed to the strong revenue growth. Broken down by category, broadcast television revenue was: - Local, up 40 percent to $19.6 million. - National, up 25 percent to $9.4 million. At Shop At Home, the company's television retailing subsidiary, February revenue was down 27 percent to $24.2 million. The company announced on Feb. 2 that it is in the process of exploring strategic alternatives for Shop At Home. 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, electronic commerce, 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, Great American Country and HGTVPro; 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; United Media, a leading worldwide licensing and syndication company that is the home of PEANUTS, DILBERT and approximately 150 other features and comics; Shop At Home, which markets a growing range of consumer goods directly to television viewers in roughly 57 million U.S. households and online through shopathometv.com; and Shopzilla, the online comparison shopping service that carries an index of more than 30 million products from approximately 60,000 merchants.
THE E.W. SCRIPPS COMPANY
Unaudited Revenue and Statistical Summary
Period: February
Report date: March 14, 2006
REVENUE AND STATISTICAL SUMMARY FOR SELECTED OPERATING SEGMENTS
(amounts in millions, unless
otherwise noted) February Year-to-date
2006 2005 % 2006 2005 %
SCRIPPS NETWORKS
Operating Revenues
Advertising $61.0 $49.6 23.2 % $114.1 $96.8 17.8 %
Affiliate fees, net 16.2 13.4 21.5 % 32.6 26.8 21.6 %
Other 0.8 0.3 136.3 % 1.4 0.7 94.4 %
Scripps Networks $78.1 $63.3 23.4 % $148.0 $124.3 19.1 %
Subscribers (1)
HGTV 89.4 87.6 2.1 %
Food Network 88.7 86.3 2.8 %
Great American Country 40.5 37.3 8.6 %
NEWSPAPERS (2)
Operating Revenues
Local $13.6 $13.3 2.1 % $27.2 $26.8 1.6 %
Classified 20.0 17.8 12.1 % 40.6 37.3 8.9 %
National 2.8 3.3 (13.0)% 6.3 6.8 (6.7)%
Preprints, online and
other 11.1 10.2 9.5 % 23.4 21.2 10.5 %
Newspaper advertising 47.5 44.5 6.7 % 97.6 92.0 6.0 %
Circulation 10.2 10.3 (1.1)% 21.6 22.2 (2.6)%
Other 1.2 1.2 3.8 % 2.5 2.4 1.9 %
Newspapers $58.9 $56.0 5.2 % $121.7 $116.7 4.3 %
Ad inches (excluding
JOAs) (in thousands)
Local 459 450 2.0 % 942 918 2.6 %
Classified 790 699 12.9 % 1,582 1,461 8.3 %
National 79 88 (9.8)% 172 181 (4.9)%
Full run ROP 1,329 1,238 7.3 % 2,696 2,560 5.3 %
BROADCAST TELEVISION
Operating Revenues
Local $19.6 $14.0 40.3 % $35.5 $28.2 25.8 %
National 9.4 7.5 25.0 % 16.9 14.8 14.4 %
Political 0.5 (0.0) 0.5 (0.0)
Other 0.7 1.0 (29.2)% 1.4 2.1 (30.6)%
Broadcast Television $30.2 $22.5 34.3 % $54.4 $45.0 20.7 %
SHOP AT HOME
Operating Revenues
Shop At Home $24.2 $33.2 (27.0)% $54.7 $64.7 (15.4)%
Avg. full-time
equivalent homes 57.3 53.3 7.5 % 57.3 53.8 6.5 %
(1) Subscriber counts are according to the Nielsen Homevideo Index
of homes that receive cable networks.
(2) On February 2, 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. We provide certain services
to the partnership. To enhance comparability the reported
revenues do not include operating revenues for such services
or the 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
-0- 03/14/2006
/CONTACT: Tim Stautberg of The E. W. Scripps Company, +1-513-977-3826, or
stautberg@scripps.com/
/Web site: http://www.scripps.com/
(SSP)
CO: The E. W. Scripps Company
ST: Ohio
IN: RAD TVN PUB
SU: SLS
CF-MH
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2249 03/14/2006 08:00 EST http://www.prnewswire.com
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