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Television broadcasting industry

E.W. Scripps Company Reports 4.3 Percent Revenue Growth in October

Strategic Insights

— 1 min read

The E.W. Scripps Company, a leading media conglomerate, announced a 4.3 percent increase in consolidated revenues in October 1995, reaching $117 million. Newspaper advertising revenues saw a notable 5.1 percent year-over-year growth, reaching $40.9 million, while total newspaper revenues advanced 4.8 percent to $56.8 million. In contrast, television revenues decreased 5.5 percent to $29 million, likely due to a significant decline in political spending compared to the previous year. The company's cable television division, however, experienced an 8.3 percent increase in revenues to $23.5 million.

Key Takeaways:

  • The E.W. Scripps Company reported a 4.3 percent increase in consolidated revenues in October 1995, totaling $117 million.
  • Newspaper advertising revenues rose 5.1 percent year-over-year to $40.9 million, while total newspaper revenues grew 4.8 percent to $56.8 million.
  • Revenues from the TV group decreased 5.5 percent to $29 million, attributed to lower political spending.
  • Cable television revenues increased 8.3 percent to $23.5 million, driven by a strong performance in this segment.
  • The company's 18 daily newspapers, nine television stations, and cable systems in 10 states contributed to its diverse revenue streams.
  • The Scripps systems added nearly 30,000 new customers in the past 12 months, with an annual growth rate of 4 percent.
  • The company reached a definitive agreement to sell its cable television systems to Comcast Corporation for $1.575 billion.

Statistics:

  • Consolidated revenues: $117 million (4.3 percent increase from October 1994)
  • Newspaper advertising revenues: $40.9 million (5.1 percent year-over-year growth)
  • Total newspaper revenues: $56.8 million (4.8 percent increase)
  • TV group revenues: $29 million (5.5 percent decrease)
  • Cable television revenues: $23.5 million (8.3 percent increase)
  • New customers added in the past 12 months: nearly 30,000 (annual growth rate of 4 percent)
  • Value of the Comcast Corporation deal: $1.575 billion

Sources:

  • "The E.W. Scripps Company Reports October Operating Revenues" (PRNewswire, Nov. 13, 1995)
  • Unaudited Revenue and Statistical Summary (The E.W. Scripps Company, Oct. 1995)
  • Press release from The E.W. Scripps Company (Nov. 13, 1995)

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