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Previous: CAPITAL GROWTH HOLDINGS LTD /DE/, SB-2/A, 1998-06-11 |
Next: SCRIPPS E W CO /DE, S-3/A, 1998-06-11 |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934.
Date of report (Date of earliest event reported) June 8, 1998
THE E. W. SCRIPPS COMPANY
(Exact name of registrant as specified in its charter)
Ohio 33-43989 31-1223339
(State or other jurisdiction of (Commission File Number)(I.R.S. Employer
incorporation or organization) Identification Number)
312 Walnut Street
Cincinnati, Ohio 45202
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (513) 977-3000
Not Applicable
(Former name, former address and former fiscal year, if
changed since last report.)
<PAGE>
THE E. W. SCRIPPS COMPANY
INDEX TO CURRENT REPORT ON FORM 8-K DATED JUNE 8, 1998
Item No. Page
5. Other Events 3
<PAGE>
ITEM 5. OTHER EVENTS
The E.W. Scripps Company's consolidated revenues increased
11 percent in May to $130 million, compared to $117 million
in May 1997.
For comparative purposes, the company's monthly revenue
report excludes divested operations, and includes acquired
operations as if they had been purchased on Jan. 1, 1997.
Newspaper advertising moved up 13 percent to $59.7
million compared to $53 million for the same month a year
ago, benefiting from the additional Sunday in May 1998
versus 1997. Classified advertising for May increased 18
percent to $25.6 million compared to $21.7 million in
1997. Total newspaper revenues were up 11 percent to
$78.9 million from $71.2 million for May 1997.
Broadcast television revenues increased 2 percent to
$31.4 million compared to $30.7 million in May 1997.
Political advertising was $1.6 million compared to none
in May 1997.
Category television revenues increased 88 percent to $12
million from $6.4 million in the same period a year ago.
The number of subscribers at Home & Garden Television
reached 41.4 million in May, up 300,000 from the previous
month, according to the Nielsen Homevideo Index. The
number of Food Network subscribers reached 32.7 million
in May, up 400,000 from the previous month, according to
the Nielsen index.
The E.W. Scripps Company operates 20 daily newspapers;
nine network-affiliated television stations; two TV
networks, Home & Garden Television and the Food Network;
a TV programmer, Cinetel Productions; independent Yellow
Pages directories in Florida and Tennessee; and United
Media, a worldwide syndicator and licensor of news
features and comics.
<PAGE>
<TABLE>
THE E. W. SCRIPPS COMPANY For more information:
Unaudited Revenue and Statistical Summary Rich Boehne
Period: May The E. W. Scripps Company
Report date: June 8, 1998 513-977-3825
For comparative purposes, this report excludes divested operations, and
includes acquired operations as if they had been purchased on January 1, 1997.
<CAPTION>
May * Year-to-date
1998 1997 % 1998 1997 %
<S> <C> <C> <C> <C> <C> <C>
Revenue ( in millions )
Local $ 23.4 $ 21.9 7.1 % $ 110.5 $ 106.1 4.1 %
Classified 25.6 21.7 17.9 % 113.3 100.4 12.8 %
National 2.2 2.2 (2.6)% 10.4 10.0 4.4 %
Preprints and other 8.4 7.1 18.3 % 38.1 33.7 12.9 %
Newspaper advertising 59.7 53.0 12.6 % 272.3 250.3 8.8 %
Circulation 13.3 12.5 6.3 % 66.8 65.6 1.9 %
Other ** 5.9 5.7 4.0 % 28.6 25.8 10.9 %
NEWSPAPERS 78.9 71.2 10.8 % 367.8 341.6 7.6 %
BROADCAST TELEVISION 31.4 30.7 2.0 % 135.6 132.4 2.4 %
CATEGORY TV 12.0 6.4 87.9 % 52.2 26.4 97.9 %
LICENSING AND OTHER MEDIA 8.4 9.1 (8.3)% 46.1 40.0 15.1 %
ELIMINATE INTERSEGMENT REVENUE (0.7) (0.3) (2.3) (1.1)
TOTAL $ 129.9 $ 117.1 10.9 % $ 599.3 $ 539.3 11.1 %
Political advertising included in
Broadcast Television revenue $1.6 $0.0 $3.0 $0.2
Newspaper ad inches ( in thousands )
Local 929 856 8.5 % 4,354 4,196 3.8 %
Classified 1,026 923 11.2 % 4,351 4,070 6.9 %
National 59 44 34.6 % 252 220 14.8 %
Full run ROP 2,014 1,823 10.5 % 8,957 8,486 5.6 %
Category TV subscribers *** ( homes in millions )
HGTV 41.4 28.1 47.3 %
Food Network 32.7 24.5 33.5 %
* May 1998 had one more Sunday and one less Thursday than May 1997.
** Includes share of profits of JOA newspapers not managed by the Company
and commercial printing.
*** According to Nielsen Homevideo Index of homes that receive cable networks.
Note: Certain amounts may not foot as each is rounded independently and
certain percentages may not calculate as percentages are based on
the underlying whole dollar amounts.
</TABLE>
<PAGE>
<TABLE>
THE E. W. SCRIPPS COMPANY
Unaudited Revenue and Statistical Summary
Period: May
Report date: June 8, 1998
For comparative purposes, this report excludes divested operations, and
includes acquired operations as if they had been purchased on January 1, 1997.
<CAPTION>
First Quarter April and May Year to date
1998 1997 % 1998 1997 % 1998 1997 %
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Revenue ( in millions )
Local $ 65.0 $ 62.9 3.4 % $ 45.5 $ 43.3 5.1 % $ 110.5 $ 106.1 4.1 %
Classified 65.1 58.1 12.0 % 48.2 42.3 14.0 % 113.3 100.4 12.8 %
National 6.4 5.9 8.2 % 4.0 4.1 (1.1)% 10.4 10.0 4.4 %
Preprints and other 21.7 19.8 9.9 % 16.3 13.9 17.3 % 38.1 33.7 12.9 %
Newspaper advertising 158.2 146.7 7.9 % 114.1 103.6 10.1 % 272.3 250.3 8.8 %
Circulation 40.5 40.1 1.1 % 26.3 25.5 3.1 % 66.8 65.6 1.9 %
Other 16.4 14.4 13.9 % 12.2 11.5 6.8 % 28.6 25.8 10.9 %
NEWSPAPERS 215.1 201.1 7.0 % 152.6 140.6 8.6 % 367.8 341.6 7.6 %
BROADCAST TELEVISION 74.8 72.7 2.9 % 60.8 59.7 1.7 % 135.6 132.4 2.4 %
CATEGORY TV 29.1 14.0 107.7 % 23.1 12.3 86.8 % 52.2 26.4 97.9 %
LICENSING AND OTHER
MEDIA 29.1 24.0 21.4 % 16.9 16.0 5.8 % 46.1 40.0 15.1 %
ELIMINATE INTERSEGMENT
REVENUE (1.4) (0.7) (0.9) (0.5) (2.3) (1.1)
TOTAL $ 346.8 $ 311.2 11.4 % $ 252.5 $ 228.2 10.6 % $ 599.3 $ 539.3 11.1 %
Political advertising
included in Broadcast
Television revenue $0.3 $0.1 $2.6 $0.1 $3.0 $0.2
Newspaper ad inches ( in thousands )
Local 2,557 2,511 1.8 % 1,797 1,685 6.6 % 4,354 4,196 3.8 %
Classified 2,464 2,306 6.8 % 1,887 1,763 7.0 % 4,351 4,070 6.9 %
National 140 135 4.1 % 112 85 31.9 % 252 220 14.8 %
Full run ROP 5,161 4,952 4.2 % 3,796 3,534 7.4 % 8,957 8,486 5.6 %
Category TV subscribers ( homes in millions )
HGTV 40.2 25.1 60.2 % 41.4 28.1 47.3 %
Food Network 31.7 22.0 44.1 % 32.7 24.5 33.5 %
Note: Certain amounts may not foot as each is rounded independently and
certain percentages may not calculate as percentages are based on
the underlying whole dollar amounts.
</TABLE>
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
THE E. W. SCRIPPS COMPANY
Dated: June 11, 1998 By: /s/ Craig C. Standen
Craig C. Standen
Senior Vice President/
Corporate Development
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