Scripps November revenues increase 7.7 percent
Mon, December 11, 2000 by Tim Stautberg
CINCINNATI - The E.W. Scripps Company’s consolidated revenues increased 7.7 percent year-over-year in November to $156 million.Newspaper advertising revenues for the month were $67.2 million, up 6.6 percent from the same month a year ago. Classified advertising revenues increased 6.2 percent to $23 million. Local advertising revenues increased 1.8 percent to $27 million. Total newspaper revenues increased 2.9 percent to $84.8 million.Category media revenues increased 14 percent to $28.1 million. The number of subscribers at Home & Garden Television reached 66.8 million in November, up 400,000 from the previous month, according to the Nielsen Homevideo Index. The number of Food Network subscribers reached 54.1 million in November, up 1.1 million from the previous month, according to the Nielsen index.Broadcast television revenues increased 17 percent to $34.4 million, due to strong political advertising, particularly in the company’s television markets in Ohio, Michigan and Florida. Broadcast television political advertising revenues were $7 million in November compared to $200,000 in November 1999. Political advertising revenues year-to-date were approximately $34.8 million. The E.W. Scripps Company is a diverse media concern with interests in newspaper publishing, broadcast television, cable television networks and interactive media. Scripps operates 21 daily newspapers, 10 broadcast TV stations and three cable television networks, with plans to launch a fourth.Scripps cable television network brands include Home & Garden Television, Food Network, Do It Yourself, and Fine Living, due to launch in the second half of 2001.The company also operates Scripps Howard News Service, United Media, the worldwide licensing and syndication home of PEANUTS and DILBERT, and 31 Web sites, including hgtv.com, foodtv.com, diynet.com and comics.com.Scripps will be one of the presenters Jan. 9 during Salomon Smith Barney’s Entertainment, Media & Telecommunications Conference in Scottsdale, Ariz.