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E.W. SCRIPPS REPORTS EARNINGS

 E.W. SCRIPPS REPORTS EARNINGS
 CINCINNATI, July 16 /PRNewswire/ -- The E.W. Scripps Company


(NYSE: SSP) today said net income in the second quarter increased 13.5 percent to $22.6 million, or 30 cents per share, from $19.9 million, 27 cents per share, in the year-ago quarter.
 "We were pleased to deliver a double-digit increase in net income despite a strike by unionized delivery employees at The Pittsburgh Press," said Lawrence A. Leser, president and chief executive officer.
 The daily and Sunday Pittsburgh Press has not published since May 17 when the Teamsters Union, representing 600 circulation and transportation employees, called a strike to protest plans to implement a new distribution system similar to those employed by many large-market newspapers. The strike also shut down the daily Pittsburgh Post-Gazette, which is separately owned but published by The Press through a joint operating agreement.
 Management of The Press has announced that production of the daily Press and Post-Gazette will resume as early as July 24, with or without the cooperation of the Teamsters and nine other unions that were idled as a result of the walkout.
 In an effort to fill the gap, The Press has been mailing a news and advertising supplement called the Allegheny Bulletin to more than 325,000 homes four times each week. Distribution of the Bulletin will cease with resumption of the daily editions.
 "We must have this new distribution system to effectively serve our readers and advertisers in Pittsburgh," Leser said. "We certainly hope for a quick resolution."
 "The short-term effects of the strike should not overshadow the company's progress in other areas. The broadcasting and cable television divisions performed well in the second quarter, and the publishing division, excluding The Pittsburgh Press, continued to show strong profit improvement," Leser said.
 Consolidated operating income moved up 7.2 percent to $54.4 million and operating cash flow (operating income before depreciation and amortization) increased 7.9 percent to $83.9 million.
 Interest expense declined $2.1 million, to $7.5 million. PUBLISHING RESULTS
 Total revenues declined 7.3 percent to $191 million. Newspaper advertising was off 9.1 percent to $116 million because of the strike in Pittsburgh. Excluding The Pittsburgh Press from the group, advertising revenues increased in the quarter.
 As a result of the revenue decline, operating income was off 3.1 percent to $27.3 million and operating cash flow decreased 1.7 percent to $36.2 million.
 The cost of newsprint decreased $9 million, to $22.7 million, with lower prices accounting for $6.7 million of the change. BROADCASTING RESULTS
 Operating income increased 13.8 percent to $20.3 million and operating cash flow moved up 17.7 percent to $25.8 million.
 Revenues advanced 16.3 percent to $74.3 million as the result of improved revenues at nearly all of the company's broadcast stations and the addition of revenue from television station WMAR, Baltimore. WMAR was purchased May 30, 1991.
 Expenses, excluding WMAR, were held virtually flat year-over-year. CABLE TELEVISION RESULTS
 Operating income was up 24.8 percent to $10.5 million and operating cash flow increased 12.2 percent to $25.2 million.
 Cable revenues grew 7.5 percent to $60.9 million, reflecting a 3.9 percent increase in the average number of subscribers. New subscribers totaled 25,000 in the past 12 months for a total of 650,300 at June 30. YEAR-TO-DATE
 Net income increased 23 percent to $38.3 million, 51 cents per share, excluding an unusual charge from the prior year.
 In 1991, net earnings were reduced by $6.3 million, 8 cents per share, as the result of a $12 million payment made by Sacramento Cable to competitor Pacific West Cable Company in connection with the settlement of a three-year-old lawsuit.
 Consolidated operating income, excluding the year-ago charge, increased 12.2 percent to $93.7 million despite the effect of the Pittsburgh strike. Operating cash flow was up 22 percent to $152 million, excluding the charge.
 Consolidated revenues increased 1.9 percent to $640 million.
 The E.W. Scripps Company is a diversified media company which operates 19 daily newspapers, 10 television stations, five radio stations and cable television systems with 650,300 basic subscribers. The company also is a worldwide syndicator and licensor of news features and comics.
 The E.W. Scripps Company
 Three months ending June 30
 1992 1991
 (in thousands, except share data)
 Operating revenues:
 Publishing $191,282 $206,388
 Broadcasting 74,264 63,876
 Cable television 60,935 56,677
 Other(B) --- ---
 Total operating revenues 326,481 326,941
 Operating income (loss):
 Publishing 27,278 28,154
 Broadcasting 20,303 17,843
 Cable television 10,486 8,399
 Other(B) --- ---
 Corporate (3,625) (3,606)
 Total operating income 54,442 50,790
 Interest expense (7,534) (9,588)
 Miscellaneous, net (1,186) 392
 Provision for income taxes (20,081) (19,265)
 Minority interests (3,089) (2,454)
 Net income (loss) $22,552 $19,875
 Net income (loss) per share
 of common stock $.30 $.27
 Weighted average common
 shares outstanding 74,599,000 74,538,000
 Six months ending June 30
 1992 1991
 (in thousands, except share data)
 Operating revenues:
 Publishing $386,985 $402,091
 Broadcasting 133,001 113,129
 Cable television 120,083 111,392
 Other(B) --- 1,804(B)
 Total operating revenues $640,069 $628,416
 Operating income (loss):
 Publishing 51,879 46,611
 Broadcasting 29,175 26,509
 Cable television 19,762 5,213(A)
 Other(B) --- 152(B)
 Corporate (7,110) (6,998)
 Total operating income 93,706 71,487
 Interest expense (15,746) (18,494)
 Miscellaneous, net (1,376) 315
 Provision for income taxes (33,507) (26,093)
 Minority interests (4,742) (2,383)
 Net income (loss) $38,335 $24,832(A)
 Net income (loss) per share
 of common stock $.51 $.33(A)
 Weighted average common
 shares outstanding 74,599,000 74,536,000
 (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.
 THE E.W. SCRIPPS COMPANY
 Unaudited Revenue and Statistical Summary
 Period: June
 Report date: July 16, 1992
 June (A)
 1992 1991 Pct Change
 REVENUE (000,000s)
 Local $13.6 $18.9 (28.0)
 Classified 10.5 15.3 (31.4)
 National 0.8 2.7 (70.4)
 Preprints 5.9 5.9 0.0
 Newspaper advertising 30.8 42.8 (28.0)
 Circulation 8.5 12.1 (29.8)
 Other publishing(B) 13.8 13.5 2.2
 PUBLISHING 53.1 68.4 (22.4)
 BROADCASTING(C) 23.1 22.2 4.1
 CABLE TELEVISION 20.4 19.0 7.4
 OTHER -- -- --
 CONSOLIDATED $ 96.6 $109.6 (11.9)
 Newspaper ad inches(D) (000s)
 Local 609 727 (16.2)
 1,691 (14.2)
 Part run ROP 40 83 (51.8)
 Total 1,491 1,774 (16.0)
 Cable TV basic subs (000s)
 Sacr5.3
 Year to date
 1992 1991 Pct Change
 REVENUE (000,000s)
 Local $108.2 $114.0 (5.1)
 Classified 79.2 84.7 (6.5)
 National 12.3 15.7 (21.7)
 Preprints 33.6 30.9 8.7
 Newspaper advertising 233.3 245.3 (4.9)
 Circulation 69.4 72.9 (4.8)
 Other publishing(B) 84.3 83.9 0.5
 PUBLISHING 387.0 402.1 (3.8)
 BROADCASTING(C) 133.0 113.1 17.6
 CABLE TELEVISION 120.1 111.4 7.8
 OTHER -- 1.8 --
 CONSOLIDATED $640.1 $628.4 1.9
 Newspaper ad inches(D) (000s)
 Local 4,276 4,524 (5.5)
 Classified 5,136 5,421 (5.3)
 National 246 328 (25.0)
 Full run ROP 9,658 10,273 (6.0)
 Part run ROP 473 495 (4.4)
 Total 10,131 10,768 (5.9)
 (A) -- June 1992 had one more Monday and Tuesday and one less Saturday and Sunday than June 1991. Also, the Pittsburgh newspapers have not been published since May 17, 1992 due to a strike.
 (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- 7/16/92
 /CONTACT: Rich Boehne of The E.W. Scripps Company, 513-977-3826/
 (SSP) CO: The E.W. Scripps Company ST: Ohio IN: PUB, ENT SU: ERN


BM -- CL010 -- 9762 07/16/92 12:43 EDT
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