April revenues increase 10.4 percent
Tue, May 12, 1998 by Rich Boehne
CINCINNATI, Ohio - The E.W. Scripps Company’s consolidated revenues increased 10.4 percent in April to $123 million, compared to $111 million in April 1997.For comparative purposes, the company's monthly revenue report excludes divested operations and includes acquired operations as if they had been purchased on Jan. 1, 1997.Newspaper advertising moved up 7.5 percent to $54.4 million compared to $50.6 million for the same month a year ago. Classified advertising for April increased 9.8 percent to $22.6 million compared to $20.6 million in 1997. Total newspaper revenues were up 6.4 percent to $73.8 million from $69.3 million for April 1997.Broadcast television revenues increased 1.4 percent to $29.4 million compared to $29 million in April 1997. Year-to-date broadcast revenues were up 2.5 percent to $104 million over the same period in 1997.Category television revenues increased to $11.1 million from $6 million in the same period a year ago. The number of subscribers at Home & Garden Television reached 41.1 million in April, up 900,000 from the previous month, according to the Nielsen Homevideo Index. The number of Food Network subscribers reached 32.3 million in April, up 600,000 from the previous month, according to the Nielsen index.Revenues from licensing and other media increased 24.4 percent to $8.6 million compared to $6.9 million in April 1997. The E.W. Scripps Company operates 20 daily newspapers; nine network-affiliated television stations; two TV networks, Home & Garden Television and the Food Network; a TV programmer, Cinetel Productions; independent Yellow Pages directories in Florida and Tennessee; and United Media, a worldwide syndicator and licensor of news features and comics.