Scripps Reports August Revenue, Statistics
Scripps Reports August Revenue, Statistics
CINCINNATI, Sept. 12 /PRNewswire-FirstCall/ -- The E. W. Scripps Company today reported August revenue and statistics for its Scripps Networks, newspaper and broadcast television divisions.
At Scripps Networks revenue was up 17 percent to $80.7 million in August compared with the same month a year ago.
August advertising revenue at Scripps Networks was up 15 percent and affiliate fee revenue increased 10 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). Based on advance advertising sales, the company anticipates September advertising revenue for Scripps Networks will be up about 15 percent.
HGTV and Food Network can each be seen in about 91 million U.S. television households. DIY Network reaches about 39 million households and Fine Living can be seen in about 40 million households. GAC reached 44 million U.S. households in August.
At newspapers managed solely by the company, total revenue was $54.4 million, up slightly from the same period a year ago. Newspaper advertising revenue increased 1.3 percent during August.
Broken down by category, newspaper advertising revenue during the month was:
* Local, up 1.0 percent to $11.6 million.
* Classified, down 0.5 percent to $17.5 million.
* National, down 19 percent to $2.7 million.
* Preprint, online and other, up 10.7 percent to $11.9 million.
At the company's broadcast television stations, August revenue was up 14 percent to $26.8 million. Broken down by category, broadcast television revenue was:
* Local, down slightly to $14.9 million.
* National, up 1.0 percent to $7.6 million.
* Political, $3.3 million compared with $200,000 in the year-ago period.
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.
Forward-looking statements
This press release contains certain forward-looking statements related to the company's businesses that are based on management's current expectations. Forward-looking statements are subject to certain risks, trends and uncertainties, including changes in advertising demand and other economic conditions that could cause actual results to differ materially from the expectations expressed in forward-looking statements. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. The company's written policy on forward-looking statements can be found on page F-5 of its 2005 SEC Form 10K.
We undertake no obligation to publicly update any forward-looking statements to reflect events for circumstances after the date the statement is made.
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; 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 For more information:
Unaudited Revenue and Statistical Summary Tim Stautberg
Period: August The E.W. Scripps Company
Report date: September 12, 2006 513-977-3826
REVENUE AND STATISTICAL SUMMARY FOR SELECTED OPERATING SEGMENTS
(amounts in millions, unless otherwise noted)
August Year-to-date
2006 2005 % 2006 2005 %
SCRIPPS NETWORKS
Operating Revenues
Advertising $62.4 $54.3 15.0 % $544.4 $467.2 16.5 %
Affiliate fees, net 16.0 14.5 10.2 % 130.3 110.1 18.4 %
Other 2.3 0.5 11.7 5.0
Scripps Networks $80.7 $69.3 16.5 % $686.5 $582.3 17.9 %
Subscribers (1)
HGTV 91.1 88.8 2.6 %
Food Network 90.8 87.7 3.5 %
Great American Country 44.2 39.0 13.3 %
NEWSPAPERS (2)
Operating Revenues
Local $11.6 $11.4 1.0 % $104.3 $103.1 1.2 %
Classified 17.5 17.6 (0.5)% 158.3 148.5 6.6 %
National 2.7 3.3 (18.9)% 24.8 27.0 (7.9)%
Preprints, online and
other 11.9 10.8 10.7 % 96.9 86.9 11.5 %
Newspaper advertising 43.7 43.2 1.3 % 384.2 365.4 5.2 %
Circulation 9.6 9.8 (2.1)% 82.4 84.6 (2.5)%
Other 1.1 1.2 (8.6)% 10.3 10.2 1.4 %
Newspapers managed
solely by us $54.4 $54.1 0.4 % $477.0 $460.2 3.7 %
Ad inches (excluding
JOAs) (in thousands)
Local 394 405 (2.7)% 3,494 3,554 (1.7)%
Classified 746 706 5.6 % 6,462 5,916 9.2 %
National 69 85 (19.1)% 645 740 (12.9)%
Full run ROP 1,208 1,196 1.0 % 10,600 10,210 3.8 %
BROADCAST TELEVISION
Operating Revenues
Local $14.9 $15.0 (0.2)% $136.3 $125.9 8.3 %
National 7.6 7.5 1.0 % 67.7 64.3 5.3 %
Political 3.3 0.2 8.7 1.3
Other 1.0 0.8 25.6 % 7.2 8.9 (18.8)%
Broadcast Television $26.8 $23.5 14.1 % $220.0 $200.4 9.8 %
(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.
THE E.W. SCRIPPS COMPANY For more information:
Unaudited Revenue and Statistical Summary Tim Stautberg
Period: August The E.W. Scripps Company
Report date: September 12, 2006 513-977-3826
REVENUE AND STATISTICAL SUMMARY FOR SELECTED OPERATING SEGMENTS
(amounts in millions, unless otherwise noted)
July and August
2006 2005 %
SCRIPPS NETWORKS
Operating Revenues
Advertising $124.4 $105.6 17.8 %
Affiliate fees, net 32.8 28.5 15.2 %
Other 5.4 1.2
Scripps Networks $162.6 $135.3 20.2 %
Subscribers (1)
HGTV 91.1 88.8 2.6 %
Food Network 90.8 87.7 3.5 %
Great American Country 44.2 39.0 13.3 %
NEWSPAPERS (2)
Operating Revenues
Local $22.9 $22.9 (0.3)%
Classified 36.9 36.8 0.4 %
National 5.5 6.7 (18.3)%
Preprints, online and other 24.0 21.8 9.9 %
Newspaper advertising 89.2 88.2 1.1 %
Circulation 19.7 20.3 (3.2)%
Other 2.0 2.1 (7.1)%
Newspapers managed solely by us $110.9 $110.7 0.2 %
Ad inches (excluding JOAs) (in
thousands)
Local 794 804 (1.3)%
Classified 1,557 1,473 5.7 %
National 136 177 (23.3)%
Full run ROP 2,487 2,454 1.3 %
BROADCAST TELEVISION
Operating Revenues
Local $28.8 $28.3 1.9 %
National 14.2 14.3 (0.7)%
Political 5.0 0.8
Other 1.8 1.6 10.2 %
Broadcast Television $49.7 $44.9 10.7 %
(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
CONTACT: Tim Stautberg of The E. W. Scripps Company, +1-513-977-3826, or
stautberg@scripps.com
Web site: http://www.scripps.com/
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