| Scripps April Revenues Increase 17 Percent |
CINCINNATI, May 9 /PRNewswire/ -- The E.W. Scripps Company's (NYSE: SSP) consolidated revenues increased 17 percent in April to $152 million, compared to $130 million in April 1999. April 2000 had five Saturdays and Sundays versus four in 1999. Newspaper advertising revenues increased 18 percent to $66.5 million. Classified advertising revenues increased 19 percent to $27.4 million. Local advertising revenues increased 11 percent to $24.8 million. Total newspaper revenues were up 13 percent to $85.7 million. Category television revenues increased 57 percent to $29.6 million. The number of subscribers at Home & Garden Television reached 61.7 million in April, up 1.2 million 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 47.3 million in April, up 1 million from the previous month, according to the Nielsen index. Broadcast television revenues were unchanged at $27.7 million. The E.W. Scripps Company operates 20 daily newspapers; 10 broadcast television stations; three TV networks, Home & Garden Television, 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, and the Scripps Howard News Service. Scripps operates 31 revenue- producing Web sites, including hgtv.com, foodtv.com, diynet.com and comics.com.
THE E.W. SCRIPPS COMPANY For more information:
Unaudited Revenue and Statistical Summary Tim Stautberg
Period: April The E.W. Scripps Company
Report date: May 9, 2000 513-977-3826
For comparative purposes, this report excludes divested operations, and includes acquired operations as if they had been purchased January 1, 1999.
April **** Year-to-date
2000 1999 % 2000 1999 %
CONSOLIDATED REVENUE
Newspapers $85.7 $76.1 12.5 % $318.2 $300.4 5.9 %
Broadcast Television 27.7 27.7 0.2 % 104.4 103.0 1.3 %
Category Television 29.6 18.9 57.0 % 102.9 67.1 53.5 %
Licensing and
Other Media 8.6 7.3 17.4 % 33.9 33.1 2.6 %
TOTAL $151.6 $130.0 16.6 % $559.5 $503.6 11.1 %
NEWSPAPERS ***
Revenue (in millions)
Local $24.8 $22.3 11.1 % $93.2 $90.4 3.0 %
Classified 27.4 23.0 18.8 % 102.0 91.4 11.6 %
National 3.4 3.1 10.9 % 12.2 11.4 6.7 %
Preprints and other 10.9 7.8 38.8 % 38.6 32.2 19.9 %
Newspaper advertising 66.5 56.3 18.1 % 246.0 225.5 9.1 %
Circulation 12.7 12.9 (1.4)% 51.3 53.6 (4.2)%
Other * 6.5 6.9 (7.0)% 20.9 21.3 (2.2)%
Newspapers $85.7 $76.1 12.5 % $318.2 $300.4 5.9 %
Ad inches (in thousands)
Local 887 836 6.1 % 3,425 3,398 0.8 %
Classified 1,081 988 9.4 % 4,083 3,760 8.6 %
National 88 72 21.8 % 337 275 22.5 %
Full run ROP 2,056 1,896 8.4 % 7,845 7,433 5.5 %
BROADCAST TELEVISION
Revenue
Local $15.7 $15.3 2.2 % $56.7 $56.6 0.2 %
National 10.6 10.7 (1.1)% 40.7 39.7 2.5 %
Political 0.4 0.1 -- 2.2 0.4 --
Other 1.0 1.5 (33.2)% 4.8 6.3 (23.1)%
Broadcast Television $27.7 $27.7 0.2 % $104.4 $103.0 1.3 %
CATEGORY TELEVISION
Revenue
Advertising $24.3 $14.2 71.0 % $81.6 $47.7 71.0 %
Affiliate fees 5.0 4.1 20.7 % 19.6 16.1 22.1 %
Other 0.4 0.5 (33.9)% 1.8 3.3 (46.3)%
Category Television $29.6 $18.9 57.0 % $102.9 $67.1 53.5 %
Subscribers ** (homes in millions)
HGTV -- -- -- 61.7 52.5 17.5 %
Food Network -- -- -- 47.3 39.7 19.1 %
** 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. **** April 2000 had 5 Saturdays and 5 Sundays, versus 4 in 1999. SOURCE The E.W. Scripps Company
CONTACT: Tim Stautberg of The E.W. Scripps Company, 513-977-3826, or stautberg@scripps.com/ |