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E.W. SCRIPPS ANNOUNCES FIRST QUARTER EARNINGS

 E.W. SCRIPPS ANNOUNCES FIRST QUARTER EARNINGS
 CINCINNATI, April 15 /PRNewswire/ -- The E.W. Scripps Company


(NYSE: SSP) today said net income in the first quarter rose 40 percent to $15.8 million, 21 cents per share, from $11.3 million, 15 cents per share, in 1991, excluding an unusual charge from the year-ago quarter.
 The $12 million pre-tax charge was related to the settlement of litigation involving the company's Sacramento cable television system. It reduced the year-ago quarter's net income by $6.3 million, 8 cents per share.
 Excluding the charge, operating income in the first quarter of 1992 increased 20 percent to $39.3 million and operating cash flow (operating income before depreciation and amortization) was up 15.3 percent to $67.8 million. Revenues increased 4 percent.
 "While we're pleased with the increase in profits, it was primarily due to lower newsprint prices," said Lawrence A. Leser, president and chief executive officer. "We're yet to see any improvement in our largest revenue source -- newspaper advertising. However, we continue to have excellent cost control in all of our operations."
 Publishing Results
 Operating income increased $6.1 million, to $24.6 million and operating cash flow moved up $5.9 million, to $32.9 million. Lower prices reduced newsprint costs by $5.5 million. All other operating expenses (excluding depreciation and amortization) were held relatively flat. Revenues were unchanged at $196 million.
 In the newspaper group, total advertising revenues were off 0.3 percent to $117 million. Breaking those revenues down by source:
 -- Local increased 0.4 percent to $55.1 million;
 -- Classified was flat at $40.6 million;
 -- Preprint increased 6.3 percent to $15.1 million;
 -- National decreased 18.2 percent to $6.3 million.
 Total advertising volume declined 2.4 percent.
 Broadcasting Results
 Operating income rose 2.4 percent to $8.9 million, but was negatively affected by an increase in amortization from television station WMAR, which was acquired in May 1991. Total depreciation and amortization increased $2 million, or 60 percent, to $5.4 million. Operating cash flow moved up 18.7 percent to $14.2 million.
 Revenues increased 19.3 percent to $58.7 million, the result of the addition of WMAR and improved revenues at most of the broadcast stations.
 Cable Television Results
 Excluding the $12 million Sacramento charge, operating income advanced 5.2 percent to $9.3 million and operating cash flow increased 5.1 percent to $23.9 million. Depreciation and amortization increased $0.7 million, or 4.9 percent, to $14.6 million.
 Revenues increased 8.1 percent to $59.1 million. New subscribers totaled 8,400 in the quarter and 25,100 in the last 12 months for a total of 651,900 at March 31.
 The E.W. Scripps Company operates 19 daily newspapers, 10 television stations, five radio stations, and cable television systems with 651,900 basic subscribers. The company also is a worldwide syndicator and licensor of news features and comics.
 Three months ending March 31,
 1992 1991
 (in thousands, except share data)
 Operating Revenues:
 Publishing $195,703 $195,703
 Broadcasting 58,737 49,253
 Cable television 59,148 54,715
 Other --- 1,804(B)
 Total operating revenues 313,588 301,475
 Operating income (loss):
 Publishing 24,601 18,457
 Broadcasting 8,872 8,666
 Cable television 9,276 (3,186)(A)
 Other --- 152(B)
 Corporate (3,485) (3,392)
 Total operating income 39,264 20,697
 Interest expense (8,212) (8,906)
 Miscellaneous, net (190) (77)
 Provision for income taxes (13,426) (6,828)
 Minority interests (1,653) 71
 Net Income $15,783 $4,957(A)
 Net Income per share of common stock $.21 $.07(A)
 Weighted average shares o/s 74,598,000 74,533,000
 (A) Includes a $12.0 million charge associated with the settlement of the litigation involving the Sacramento cable television system. The charge reduced net income by $6.3 million ($.08 per share).
 (B) The company sold George R. Hall Company in March 1991. No gain or loss was realized on the sale.
 Unaudited Revenue and Statistical Summary
 Period: March
 Report date: April 15, 1992
 March (A)
 1992 1991 Pct Change
 REVENUE (000,000s)
 Local $20.9 $20.9 0.0
 Classified 15.1 15.1 0.0
 National 2.1 2.8 (25.0)
 Preprints 5.8 5.7 1.8
 Newspaper advertising 43.9 44.5 (1.3)
 Circulation 13.2 12.8 3.1
 Other publishing(B) 13.9 14.9 (6.7)
 PUBLISHING 71.0 72.2 (1.7)
 BROADCASTING(C) 22.4 18.9 18.5
 CABLE TELEVISION 19.9 18.9 5.3
 OTHER 0 0.5 0
 CONSOLIDATED $113.3 $110.5 2.5
 Newspaper ad inches(D) (000s)
 Local 799 837 (4.5)
 Classified 902 921 (2.1)
 National 45 57 (21.1)
 Full run ROP 1,746 1,815 (3.8)
 Part run ROP 95 82 15.9
 Total 1,841 1,897 (3.0)
 Cable TV basic subs (000s)
 Sacramento, Calif. 208.1 203.2
 Other systems 443.8 423.6
 Total 651.9 626.8
 Year to date
 1992 1991 Pct Change
 REVENUE (000,000s)
 Local $55.1 $54.9 0.4
 Classified 40.6 40.6 0.0
 National 6.3 7.7 (18.2)
 Preprints 15.1 14.2 6.3
 Newspaper advertising 117.1 117.4 (0.3)
 Circulation 37.7 36.7 2.7
 Other publishing(B) 40.9 41.6 (1.7)
 PUBLISHING 195.7 195.7 (0.0)
 BROADCASTING(C) 58.7 49.3 19.1
 CABLE TELEVISION 59.2 54.7 8.2
 OTHER 0 1.8 0
 CONSOLIDATED $313.6 $301.5 (4.0)
 Newspaper ad inches(D) (000s)
 Local 2,143 2,235 (4.1)
 Classified 2,475 2,491 (0.6)
 National 122 158 (22.8)
 Full run ROP 4,740 4,884 (2.9)
 Part run ROP 254 234 8.5
 Total 4,994 5,118 (2.4)
 (A) March 1992 had one more Monday and Tuesday and one less Friday and Saturday than March 1991.
 (B) Includes licensing, syndication, book publishing, share of profits of JOA newspapers not managed by the company and commercial printing.
 (C) Includes television station WMAR (Baltimore) since May, 30, 1991.
 (D) 1991 advertising inches exclude the Knoxville Journal ("Journal"). The Journal was published by the Knoxville News-Sentinel under a joint operating agreement which expired in December 1991.
 -0- 4/15/92
 /CONTACT: Rich Boehne of The E.W. Scripps Company, 513-977-3826/
 (SSP) CO: The E.W. Scripps Company ST: Ohio IN: PUB SU: ERN


CG -- CL014 -- 8922 04/15/92 16:41 EDT
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