January revenues increase 12.8 percent

Mon, February 23, 1998 by Rich Boehne

CINCINNATI, Ohio - The E.W. Scripps Company’s consolidated revenues increased 12.8 percent in January to $110 million, compared to $97.3 million in January 1997.Newspaper advertising moved up 10.6 percent to $50 million compared to $45.2 million for the same month a year ago. Classified advertising for January increased 14.7 percent to $20.9 million compared to $18.2 million in 1997. Newspaper revenues overall were up 9.1 percent to $69.1 million from $63.4 million for January 1997.Broadcast television revenues moved up 9.1 percent to $24.1 million compared to $22.1 million in January 1997.Category Television revenues increased 125 percent to $9.3 million compared to $4.1 million in the same period a year ago.The number of subscribers at Home & Garden Television was up 70.3 percent to 37.8 million compared to 22.2 million in January 1997, and were up 1.7 million since December 1997, according to the monthly Nielsen Homevideo Index.The number of Food Network subscribers increased 55.2 percent in January to 30.1 million compared to 19.4 million in January 1997 and were up 1 million since December 1997, according to the Nielsen index.Revenues for the Licensing and Other Media division decreased 6.4 percent to $7.2 million compared to $7.7 million in January 1997. The decline was anticipated due to difficult, month-to-month comparisons at Scripps Howard Productions. Scripps announced in December that it is seeking a buyer for the fiction television programming arm of Scripps Howard Productions as part of a reorganization of its television production operations.The company has said it plans to focus on non-fiction cable television programming through its Cinetel Productions unit, which will assume the Scripps Howard Productions name when a sale is complete. Licensing and syndication revenues at United Media showed continued strength, driven primarily by the popularity of the DILBERT and PEANUTS characters.The E.W. Scripps Company operates 20 daily newspapers; nine network-affiliated television stations; two TV networks, Home & Garden Television and the Food Network; two TV programmers, Cinetel Productions and Scripps Howard Productions; and United Media, a worldwide syndicator and licensor of news features and comics.