Revenue and subscriber growth at its two cable networks
helped to drive increased sales at E.W. Scripps Co. in July by more than 8 percent.
Overall revenue for the month at the newspaper and
broadcasting conglomerate rose to $116 million, up 8.4 percent from $107 million in July
1998. Year-to-date revenue was $877.8 million, up 7.9 percent.
But it was the cable networks -- Home & Garden
Television and Food Network -- that saw the largest revenue growth.
According to Scripps, revenue at the cable networks
increased 47 percent during the month to $16.5 million. Subscribers to HGTV increased by
900,000 in July to 56.1 million, and Food increased its subscriber base by 400,000 to 41.2
million during the month.
Revenue at the company's 19 daily newspapers moved up
6.8 percent in July to $71.9 million, fueled by increases in advertising sales.
Sales at the company's nine network-television
stations declined by 6.6 percent in July to $20.8 million. However, the company said,
advance advertising sales for August and September indicated that television revenue for
the quarter will be in line with last year.