Scripps reports February revenue, statistics
Tue, March 14, 2006 by Tim Stautberg
CINCINNATI – The E. W. Scripps Company today reported February revenue and statistics for its Scripps Networks, Shop At Home, newspaper and broadcast television operating divisions. For competitive reasons, the company does not report monthly revenue from its online comparison shopping subsidiary, Shopzilla. The company reports Shopzilla revenue on a quarterly basis. At Scripps Networks revenue was up 23 percent to $78.1 million in February compared with the same month a year ago. February advertising revenue at Scripps Networks was up 23 percent and affiliate fee revenue increased 22 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). HGTV and Food Network can both be seen in 89 million U.S. television households. DIY Network and Fine Living can be seen in about 36 million households. GAC reached 40 million U.S. households in February. At the company’s newspapers, total revenue was up 5.2 percent to $58.9 million. Newspaper advertising revenue grew 6.7 percent during February. Broken down by category, newspaper advertising revenue during the month was: Local, up 2.1 percent to $13.6 million. Classified, up 12 percent to $20.0 million. National, down 13 percent to $2.8 million. Preprint, online and other, up 9.5 percent to $11.1 million. At the company's broadcast television stations, February revenue was up 34 percent to $30.2 million. Sale of commercial time related to the Super Bowl on the company’s six ABC affiliates and the Winter Olympics on the company’s three NBC affiliates contributed to the strong revenue growth. Broken down by category, broadcast television revenue was: Local, up 40 percent to $19.6 million. National, up 25 percent to $9.4 million. At Shop At Home, the company’s television retailing subsidiary, February revenue was down 27 percent to $24.2 million. The company announced on Feb. 2 that it is in the process of exploring strategic alternatives for Shop At Home. 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; United Media, a leading worldwide licensing and syndication company that is the home of PEANUTS, DILBERT and approximately 150 other features and comics; Shop At Home, which markets a growing range of consumer goods directly to television viewers in roughly 57 million U.S. households and online through shopathometv.com; and Shopzilla, the online comparison shopping service that carries an index of more than 30 million products from approximately 60,000 merchants.