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SCRIPPS HOWARD BROADCASTING RELEASES FIRST-QUARTER EARNINGS

 CINCINNATI, April 15 /PRNewswire/ -- Scripps Howard Broadcasting Company (NASDAQ: SCRP) today reported first-quarter net income of $10.3 million, $1 per share, versus $3.7 million, 36 cents per share, in the year-ago quarter.
 The 1993 quarter includes an unusual credit of $4.3 million, $2.7 million after-tax, or 26 cents per share, related to a reduction in estimated copyright fees that could be owed as the result of a dispute between the television industry and the American Society of Composers, Authors and Publishers. Following a recent and favorable court decision, the company decided to reduce the amount it had accrued in prior years.
 Excluding the unusual credit, net income more than doubled to $7.6 million, 74 cents per share. The improvement was the result of profit growth from both broadcast and cable television, and lower interest expense.
 Consolidated operating income, excluding the copyright credit, increased 46 percent to $18.3 million on a 6.2 percent increase in revenues to $91.2 million.
 In the broadcast division, operating income moved up 43 percent to $12.8 million, excluding the credit. Total operating costs were down 1.5 percent, due primarily to lower costs for syndicated programming.
 Broadcast revenues advanced 5.3 percent to $61.8 million. The demand for advertising time improved across the television station group, sparked by generally stronger demand by local advertisers.
 In February, the company announced plans to offer for sale its radio stations: KUPL-AM/FM, in Portland, Ore.; WVRT-FM, in Baltimore; and WMC-AM/FM, in Memphis. The radio stations combined had revenues of $2.8 million and operating income of $300,000 in the first quarter.
 In the cable television division, operating income improved 51 percent to $6.7 million. Revenues increased 8.3 percent to $29.4 million.
 The company's systems added 1,200 new subscribers during the first quarter and 3,400 in the past 12 months for a total of 282,500 at March 31.
 On April 1 the Federal Communications Commission issued new guidelines that could affect the pricing of cable television products. At this point, the company lacks the information necessary to assess the impact.
 Scripps Howard Broadcasting, an 86-percent-owned subsidiary of The E.W. Scripps Company (NYSE: SSP) operates 10 television stations, five radio stations and cable television systems with 282,500 basic subscribers.
 SCRIPPS HOWARD BROADCASTING COMPANY
 Three months ending March 31,
 (in thousands, except per share data) 1993 1992
 Operating revenues:
 Broadcasting $ 61,845 $ 58,737
 Cable television 29,384 27,134
 Total operating revenues $ 91,229 $ 85,871
 Operating income:
 Broadcasting (a) $ 17,131 $ 8,970
 Cable television 6,673 4,423
 Corporate (1,176) (855)
 Total operating income $ 22,628 $ 12,538
 Interest expense (4,564) (5,911)
 Miscellaneous, net 18 (10)
 Provision for income taxes (7,755) (2,914)
 Net income (a) $ 10,327 $ 3,703
 Net income per share
 of common stock (a) $ 1.00 $ .36
 Weighted average common
 shares outstanding 10,326 10,326
 (a) In the first quarter of 1993 management changed the estimate of the additional amount of copyright fees the company would owe when a dispute between the television industry and the American Society of Composers, Authors and Publishers ("ASCAP") was resolved. The adjustment increased operating income $4.3 million and net income $2.7 million ($.26 per share).
 -0- 4/15/93
 /CONTACT: Rich Boehne, Scripps Howard Broadcasting, 513-977-3826/
 (SCRP SSP)


CO: Scripps Howard Broadcasting Company ST: Ohio IN: ENT SU: ERN

AR -- CL032 -- 6388 04/15/93 15:26 EDT
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Date:Apr 15, 1993
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