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Television broadcasting industry

E.W. Scripps Company Reports 7.4 Percent Revenue Growth in July

Strategic Insights

— 1 min read

The E.W. Scripps Company, a leading media conglomerate, announced a significant revenue growth in July, reaching $104 million. This represents a 7.4 percent increase from the same period in the previous year. Newspaper advertising revenues showed a notable 5.1 percent year-over-year growth, reaching $51.7 million. Despite the absence of political advertising, the TV group's revenue held steady at $20.9 million. The cable television segment experienced a substantial 10 percent increase in revenues.

Key Takeaways:

  • The E.W. Scripps Company reported a 7.4 percent revenue growth in July 1995, reaching $104 million.
  • Newspaper advertising revenues increased 5.1 percent year-over-year, totaling $51.7 million.
  • TV group revenue remained steady at $20.9 million, despite the absence of political advertising, which boosted the year-ago month by $1.2 million.
  • Cable television revenues grew 10 percent.
  • The Scripps systems added over 32,900 new customers in the past 12 months, achieving an annual growth rate of 4.6 percent.
  • The company operates 18 daily newspapers, nine television stations, and cable systems with 750,700 basic subscribers.
  • The E.W. Scripps Company has a diverse portfolio, including United Media, a worldwide syndicator and licensor of news features and comics, and Home & Garden Television, a 24-hour cable channel.

Statistics:

  • Revenue growth in July 1995: 7.4 percent
  • Newspaper advertising revenues: $51.7 million
  • TV group revenue: $20.9 million
  • Cable television revenue growth: 10 percent
  • New customers added in the past 12 months: 32,900
  • Annual growth rate: 4.6 percent
  • Number of daily newspapers: 18
  • Number of television stations: 9
  • Cable systems subscribers: 750,700
  • Revenue (000,000s) Newspaper ad inches (000s) Cable TV basic subs (000s)

Sources:

  • PRNewswire, August 11, 1995
  • E.W. Scripps Company, July 1995 Unaudited Revenue and Statistical Summary
  • The E.W. Scripps Company, Coch Department, 513-977-3826, or after hours, 606-781-4632

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