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SCRIPPS HOWARD BROADCASTING REPORTS RESULTS

 SCRIPPS HOWARD BROADCASTING REPORTS RESULTS
 CINCINNATI, Jan. 28 /PRNewswire/ -- Scripps Howard Broadcasting


Company (NASDAQ: SCRP) today reported a 6.7 percent decline in fourth-quarter net income to $10.3 million, $1.00 per share, from $11 million, $1.07 per share, in the year-ago quarter.
 For the full year, net income decreased 20 percent, before an unusual charge, to $24 million, $2.33 per share, versus $30 million, $2.91 per share in 1990.
 The charge, taken against first-quarter earnings, was 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. The charge reduced 1991 net income by $7.9 million, 77 cents per share.
 Fourth-Quarter Operating Results
 Consolidated operating income increased 3.2 percent to $27.8 million on an 8.7 percent increase in revenues to $99.5 million.
 Operating income from television and radio decreased 3 percent to $23.3 million. Total operating expenses increased $6.7 million, or 15.7 percent, largely because of the addition of Baltimore television station WMAR, which was purchased May 30. Depreciation and amortization rose 29 percent to $4.5 million.
 Television and radio revenues increased 8.9 percent to $72.8 million. Excluding WMAR, revenues declined due to the generally weak demand for advertising time and a sharp decline in political advertising year-over-year.
 In the cable television division, operating income rose 28 percent to $4.9 million on revenue growth of 8.1 percent to $26.7 million. New subscribers totaled 3,700 in the fourth quarter and 13,600 in the last 12 months for a total of 275,100 basic subscribers at year-end.
 The company's largest single system, in Sacramento, Calif., gained 7,900 basic subscribers in the last 12 months, but growth slowed in the fourth quarter as a result of weakness in the local economy.
 Full-Year Operating Results
 Consolidated operating income excluding the unusual charge declined $10.4 million, or 12.9 percent, to $70.3 million. Revenues increased $22.9 million, or 7 percent, to $348.5 million.
 Operating income from television and radio declined 17.2 percent to $58 million. Total television and radio expenses increased 13.3 percent, or $22 million, mostly due to the addition of WMAR. Depreciation and amortization rose 16.8 percent to $17.3 million. Revenues increased 4.2 percent to $245 million.
 In the cable television division, operating income was up 7.8 percent to $15.5 million, excluding the unusual charge. Cable revenues grew 14.5 percent to $103 million.
 Scripps Howard Broadcasting, an 80.4-percent-owned subsidiary of The E.W. Scripps Company (NYSE: SSP) operates 10 television stations, five radio stations, and cable television systems with 275,100 basic subscribers.
 SCRIPPS HOWARD BROADCASTING COMPANY
 (In thousands, except share data)
 Three Months Year
 Periods ended Dec. 31; 1991 1990 1991 1990
 Operating Revenues:
 Broadcasting $72,775 $66,820 $245,450 $235,580
 Cable television 26,688 24,692 103,091 90,068
 Total oper. revenues 99,463 91,512 348,541 325,648
 Operating Income (Loss):
 Broadcasting 23,282 24,044 58,094 70,202
 Cable television 4,886 3,810 3,453(A) 14,340
 Corporate (344) (833) (3,261) (3,838)
 Total operating income 27,824 27,021 58,286 80,704
 Interest expense (7,281) (5,529) (24,239) (23,352)
 Miscellaneous-net 15 (684) 49 (706)
 Provision for
 income taxes (10,279) (9,790) (17,941) (26,634)
 Net income 10,279 11,018 16,155(A) 30,012
 Net income per share
 of common stock $1.00 $1.07 $1.56(A) $2.91
 Wtd. average common
 shares outstanding 10,326,000 10,328,000 10,327,000 10,328,000
 (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 $7.9 million
 ($.77 per share).
 -0- 1/28/92
 /CONTACT: Rich Boehne of Scripps Howard Broadcasting, 513-977-3825/
 (SCRP) CO: Scripps Howard Broadcasting ST: Ohio IN: PUB ENT SU: ERN


LC -- CL004 -- 4080 01/28/92 09:14 EST
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Date:Jan 28, 1992
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