Scripps reports May revenue, statistics
June 13, 2006
CINCINNATI – The E. W. Scripps Company today reported May revenue and statistics for its Scripps Networks, newspaper and broadcast television station operating divisions.
At Scripps Networks revenue was up 15 percent to $97.3 million in May compared with the same month a year ago.
May advertising revenue at Scripps Networks was up 12 percent and affiliate fee revenue increased 23 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 be seen in about 90 million and 89 million U.S. television households, respectively. DIY Network reaches about 37 million households and Fine Living can be seen in about 38 million households. GAC reached 41 million U.S. households in May.
At the company’s newspapers, total revenue was down 2.8 percent to $59.6 million. Newspaper advertising revenue was down 1.4 percent during May. The change in May newspaper revenue includes the effect of having four Sundays in the month compared with five in the same month a year ago.
Taking into account the relative year-over-year unevenness of the April and May reporting periods, newspaper revenue for the two months combined was up 4.7 percent compared to the same two-month period last year. Newspaper advertising revenue for the two-month period was up 6.3 percent, year over year.
Broken down by category, newspaper advertising revenue during May was:
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Local, down 3.2 percent to $13.6 million.
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Classified, down 2.0 percent to $19.2 million.
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National, down 12 percent to $3.1 million.
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Preprint, online and other, up 4.7 percent to $12.6 million.
At the company’s broadcast television stations, May revenue was up 9.5 percent to
$31.7 million. Broken down by category, broadcast television revenue was:
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Local, up 9.8 percent to $20.4 million.
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National, up 6.9 percent to $9.9 million.
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Political, $700,000 compared with $100,000 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.
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.
