By: Staff reports
National, Classified Ad Linage Up, Retail Down
Central Newspapers reported first-quarter earnings per share, excluding a gain related
to a sale, were 50 cents, compared with 48 cents in last year’s first quarter. A First
Call Corp. consensus estimate of Wall Street analysts called for 46 cents EPS.
Overall operating revenue rose 4.1% to $200.9 million as ad revenue increased 1.8% and
newsprint expenses fell 8.7%.
At the company’s flagship Phoenix and Indianapolis papers, total ad linage rose 0.3%
while national and classified ad linage grew 1.5% and 4%, respectively. Retail was down
4.9%, which the company attributed to Easter coming later this year.
Chairman, President and CEO Louis A. Weil III said results reflect a robust Phoenix
market and while Indianapolis was somewhat soft in the first quarter, fundamentals remain
solid. He said the company remains comfortable with its outlook for the rest of the year.
Previous 1st quarter earnings reports:
TRIBUNE POSTS RECORD EARNINGS (04/17/00)
NEW YORK TIMES CO. STARTS 2000 RIGHT (04/14/00)
DOW JONES BLOWS AWAY EXPECTATIONS (04/12/00)
MEDIA GENERAL REPORTS 31% EPS INCREASE (04/11/00)
CATEGORY TV LEADS SCRIPPS EARNINGS (04/11/00)
GANNETT REPORTS FIRST QUARTER EARNINGS (04/10/00)
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