Central Newspapers Reports Revenues for Four Weeks Ended May 24, 1998.PHOENIX--(BUSINESS WIRE)--June 11, 1998--Central Newspapers, Inc. today announced an increase of 4.8% in total revenue for the four weeks ended May 24, 1998 compared with the four weeks ended May 25, 1997. Advertising revenue increased 1.7% on a 0.3% increase in full run-of-press (ROP (1) (Raster Operation) An instruction that manipulates the bits of a bitmapped image in some manner. (2) (RISC Operation) An instruction in a RISC processor. ) advertising linage lin·age also line·age n. 1. The number of lines of printed or written material. 2. Payment for written work at a specified amount per line. linage Noun 1. . Total Revenue (In Thousands) % Change Unaudited From 1998 1997 Prior Year Current period $ 59,069 $ 56,349 +4.8% Year-to-Date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. $302,601 $283,381 +6.8% "Despite the extremely tough year-over-year comparisons for advertising revenues, we continue to expect improvement later in the year as last year's outstanding results get lapped," noted Louis Louis, titular duke of Burgundy Louis, 1682–1712, titular duke of Burgundy; grandson of King Louis XIV of France. He became heir to the throne on the death (1711) of his father, Louis the Great Dauphin. A. Weil III, president and chief executive officer. Central Newspapers is a media and information company involved primarily in newspaper publishing and related businesses. It is the 10th largest publicly traded U.S. newspaper company in terms of circulation. Central Newspapers' largest operations include The Arizona Arizona (âr'əzō`nə), state in the southwestern United States. It is bordered by Utah (N), New Mexico (E), Mexico (S), and, across the Colorado R., Nevada and California (W). Republic, The Indianapolis Indianapolis (ĭn'dēənă`pəlĭs), city (1990 pop. 731,327), state capital and seat of Marion co., central Ind., on the White River; selected 1820 as the site of the state capital (which was moved there in 1825), inc. 1847. Star and News, and Westech, its career fairs business. Except for historical information, this news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. These risks and uncertainties include, but are not limited to, economic weakness in the Company's geographic markets; weakness in retail and/or classified advertising; declines in circulation; fluctuations in the price of newsprint newsprint low grade paper used for newspapers. Old newspapers are fed to cattle as an alternative roughage and may occasionally be ingested by dogs. Significant amounts of lead are accumulated in tissues; no cases of poisoning have been recorded in cattle, though it has been ; increases in distribution and production costs over anticipated levels; the negative impact of labor agreement issues; and the emergence of new competitors. CENTRAL NEWSPAPERS, INC. PERIOD REVENUE AND STATISTICAL REPORT (Unaudited) FOUR WEEKS ENDED 21 WEEKS ENDED May 24, May 25, % Year-to-Date % 1998 1997 Change 1998 1997 Change CONSOLIDATED REVENUES - NET: (in thousands) Advertising $44,241 $43,512 1.7% $223,582 $214,968 4.0% Circulation 11,696 10,977 6.5% 61,899 57,513 7.6% Other 3,132 1,860 68.4% 17,120 10,900 57.1% Total $59,069 $56,349 4.8% $302,601 $283,381 6.8% AVERAGE PAID CIRCULATION: Phoenix: Daily (1) 467,058 453,207 3.1% 499,371 476,732 4.7% Sunday Sunday: see Sabbath; week. 570,867 564,152 1.2% 613,375 603,927 1.6% Indianapolis: Morning 238,040 235,021 1.3% 241,915 230,476 5.0% Evening 36,680 42,991 -14.7% 37,533 43,954 -14.6% Sunday 394,587 395,855 -0.3% 391,026 393,890 -0.7% ADVERTISING LINAGE FOR MAJOR DAILIES: (2) (Thousands of inches) Full run ROP: Retail 218.3 212.1 2.9% 1,042.9 1,045.7 -0.3% National 35.5 34.3 3.5% 176.5 167.8 5.2% Classified 247.4 253.4 -2.4% 1,269.9 1,273.5 -0.3% Total 501.2 499.8 0.3% 2,489.3 2,487.0 0.1% Part run ROP 131.5 118.4 11.1% 648.1 554.6 16.9% FULL RUN LINAGE FOR MAJOR MARKETS: Phoenix (2) 228.8 225.8 1.3% 1,165.3 1,133.6 2.8% Indianapolis 272.4 274.0 -0.6% 1,324.0 1,353.4 -2.2% Total 501.2 499.8 0.3% 2,489.3 2,487.0 0.1% NUMBER OF PREPRINTS DISTRIBUTED 491 443 10.8% 2,300 2,118 8.6% (1) Phoenix Newspapers, Inc. ceased publication of its evening paper, The Phoenix Gazette The Phoenix Gazette was a newspaper published in Phoenix, Arizona, USA. It was founded in 1881, and was known in its early years as the Phoenix Evening Gazette. It was purchased by the owners of its rival Arizona Republic around 1930. , in January 1997. Daily circulation includes combined morning and evening circulation for the prior year. (2) For comparability, linage statistics have been adjusted to exclude The Phoenix Gazette for the prior year. CONTACT: Arthur Schmidt & Associates, inc. 212/953-5555 212/953-5554 (Fax) |
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