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SAN JOSE, Calif., Dec. 21 /PRNewswire-FirstCall/ -- Three newspapers
acquired at the end of August are included in the November 2005 numbers, but
not in the 2004 numbers. Results for Detroit and Tallahassee, which were sold
in the third quarter, have been excluded from all periods.
For the month, total advertising revenue was up 3.6%. Retail was up 5.9%,
national was down 13.8% and classified was up 10.3%. Help wanted was up 28.6%,
real estate was up 18.7% and auto was down 11.5%.
On a pro forma basis, that is, as if the three newspapers acquired in
August had been with the company in 2004 as well, total advertising revenue
for November was up 0.4%. Retail was up 2.5%; national was down 14.4% and
classified was up 5.6%. Help wanted was up 23.7%, real estate was up 13.0%
and auto was down 14.5%.
Knight Ridder Chairman and CEO Tony Ridder said, "A solid showing in
retail, along with very strong help wanted and real estate, put November in
the plus column -- and about in the middle of the pack vis-a-vis peer
companies. Soft national, exacerbated especially by the absence of
approximately $1 million in state treasury advertising that we had in
Philadelphia the same period a year ago, held down the overall number. That
said, we continue to be comfortable with the consensus for the quarter."
The remaining numbers reported are GAAP. Total operating revenue was up
3.6% for the month and up 2.1% for the year.
Total ad revenue for the month was up 12.5% in San Jose, 8.3% in St. Paul,
4.2% in Miami, 3.9% in Fort Worth and 2.0% in Contra Costa. Philadelphia,
Charlotte and Kansas City were soft.
Retail was up 25.0% in San Jose, 11.1% in Miami, 6.6% in Fort Worth and
4.4% in St. Paul. The other large markets were soft.
National was up 14.5% in St. Paul. The other large markets were soft.
Classified was a bright spot, up 17.2% in Contra Costa, 11.1% in St. Paul,
6.8% in Fort Worth, 6.0% in San Jose, 6.0% in Kansas City, 5.6% in Miami and
2.7% in Philadelphia. Charlotte was soft.
Other revenue was up 10.8%, due primarily to book publishing revenue and
specialized publication revenue.
Circulation revenue was up 2.5% for the month, but would have been down
1.0% if the three acquired newspapers were included in both periods.
Certain statements contained in this report are forward-looking. They are
based on managements current knowledge of factors affecting Knight Ridders
business. Actual results could differ materially from those currently
anticipated, depending upon -- but not limited to -- the effects of interest
rates, of national and local economies on revenue, of the evolution of the
Internet, of unforeseen changes in the price of newsprint and of negotiations
and relations with labor unions.
Knight Ridder (NYSE: KRI) is one of the nations leading providers of
news, information and advertising, in print and online. The company publishes
32 daily newspapers in 29 U.S. markets, with a readership of 8.5 million daily
and 11.0 million Sunday. It has Web sites in all of its markets and a variety
of investments in Internet and technology companies. It publishes a growing
portfolio of targeted publications and maintains investments in two newsprint
companies. The companys Internet operation, Knight Ridder Digital, develops
and manages the companys online properties. It is the founder and operator of
Real Cities (http://www.RealCities.com), the largest national network of city and
regional Web sites in more than 110 U.S. markets. Knight Ridder and Knight
Ridder Digital are headquartered in San Jose, Calif.
(FR)
STATISTICAL REPORT
For the period of 10/31/05 - 11/27/05
November Year-to-Date
Percent Percent
REVENUE ($000) 2005 2004 Change 2005 2004 Change
Advertising
Retail 114,216 107,861 5.9% 990,544 964,935 2.7%
National 33,556 38,925 -13.8% 349,345 356,011 -1.9%
Classified 70,876 64,285 10.3% 843,966 801,353 5.3%
Total 218,648 211,071 3.6% 2,183,855 2,122,299 2.9%
Circulation 42,212 41,171 2.5% 487,250 495,728 -1.7%
Other
Revenue 7,582 6,841 10.8% 82,652 78,739 5.0%
Total
Operating
Revenue 268,442 259,083 3.6% 2,753,757 2,696,766 2.1%
AVERAGE CIRCULATION
(000s of copies including Boise, Olympia and Bellingham for all periods)
- Note 1
Morning 3,190 3,316 -3.8% 3,200 3,295 -2.9%
Evening 151 166 -9.4% 160 171 -6.6%
Daily 3,341 3,482 -4.1% 3,360 3,466 -3.0%
Sunday 4,288 4,437 -3.4% 4,340 4,481 -3.1%
ADVERTISING LINAGE
(000s of six-column inches) - Note 2
Full-Run ROP
Retail 1,342.2 1,271.3 5.6% 12,450.8 12,491.5 -0.3%
National 266.2 319.9 -16.8% 2,893.3 3,002.0 -3.6%
Classified 1,476.0 1,366.1 8.0% 16,656.6 16,868.8 -1.3%
Total 3,084.4 2,957.3 4.3% 32,000.7 32,362.3 -1.1%
Factored
Part-Run ROP 203.7 209.5 -2.8% 2,314.0 2,253.2 2.7%
TOTAL
PREPRINTS
INSERTED 889,503 832,272 6.9% 7,306,598 7,153,726 2.1%
Statistical Report
For the period of 10/31/05 - 11/27/05
November Year-to-Date
Percent Percent
2005 2004 Change 2005 2004 Change
FULL-RUN ROP ADVERTISING LINAGE DATA
By Markets (000s of six-column inches) - Notes 2
Akron
Beacon
Journal 100.8 124.6 -19.1% 1,322.9 1,438.0 -8.0%
Charlotte
Observer 134.5 140.1 -4.0% 1,465.2 1,493.7 -1.9%
Columbia
State 99.2 103.8 -4.4% 1,058.4 1,100.7 -3.8%
Contra
Costa 121.4 120.1 1.1% 1,328.7 1,297.5 2.4%
Fort Wayne
News-Sentinel,
Journal
Gazette 132.7 135.5 -2.1% 1,330.9 1,303.3 2.1%
Fort Worth
Star Telegram 173.9 184.4 -5.7% 1,923.3 2,060.4 -6.7%
Kansas City
Star 152.8 166.0 -8.0% 1,823.7 1,862.8 -2.1%
Lexington
Herald-Leader 103.7 103.5 0.2% 1,101.7 1,083.0 1.7%
Miami Herald
& el Nuevo
Herald 183.7 183.9 -0.1% 1,910.3 1,865.1 2.4%
Philadelphia
Newspapers 178.8 227.0 -21.2% 1,934.3 2,200.3 -12.1%
St. Paul
Pioneer
Press 92.8 105.7 -12.2% 1,103.6 1,148.7 -3.9%
San Jose
Mercury News 179.5 191.6 -6.3% 1,982.9 2,215.3 -10.5%
Wichita Eagle 84.1 86.5 -2.8% 919.0 849.6 8.2%
All Other
Dailies 1,346.5 1,084.6 24.1% 12,795.8 12,443.9 2.8%
Total -
Full-Run
ROP 3,084.4 2,957.3 4.3% 32,000.7 32,362.3 -1.1%
Note 1 - Includes circulation copies for Boise, Olympia and Bellingham for
all periods.
Note 2 - Measured by individual Knight Ridder newspapers. Where necessary,
certain previously reported linage has been restated to be consistent with
measurement guidelines currently in use.
STATISTICAL REPORT - PROFORMA
For the period of 10/31/05 - 11/27/05
November Year-to-Date
Percent Percent
2005 2004 Change 2005 2004 Change
REVENUE ($000)
Advertising -
Note 1
Retail 114,216 111,376 2.5% 1,014,791 998,101 1.7%
National 33,556 39,200 -14.4% 351,149 358,373 -2.0%
Classified 70,876 67,129 5.6% 870,995 836,535 4.1%
Total 218,648 217,705 0.4% 2,236,935 2,193,009 2.0%
Circulation 42,212 42,657 -1.0% 499,662 513,208 -2.6%
Other
Revenue 7,582 6,947 9.1% 83,338 79,644 4.6%
Total
Operating
Revenue 268,442 267,309 0.4% 2,819,935 2,785,861 1.2%
AVERAGE CIRCULATION
(000s of copies) - Note 1
Morning 3,190 3,316 -3.8% 3,200 3,295 -2.9%
Evening 151 166 -9.4% 160 171 -6.6%
Daily 3,341 3,482 -4.1% 3,360 3,466 -3.0%
Sunday 4,288 4,437 -3.4% 4,340 4,481 -3.1%
ADVERTISING LINAGE
(000s of six-column inches) - Notes 1 & 2
Full-Run ROP
Retail 1,342.2 1,389.3 -3.4% 13,292.6 13,702.1 -3.0%
National 266.2 325.9 -18.3% 2,935.7 3,063.0 -4.2%
Classified 1,476.0 1,476.1 0.0% 17,579.8 18,251.6 -3.7%
Total 3,084.4 3,191.3 -3.4% 33,808.1 35,016.7 -3.5%
Factored
Part-Run
ROP 203.7 209.5 -2.8% 2,314.0 2,253.2 2.7%
TOTAL
PREPRINTS
INSERTED 889,503 832,303 6.9% 7,306,791 7,154,005 2.1%
Statistical Report - Proforma
For the period of 10/31/05 - 11/27/05
November Year-to-Date
Percent Percent
2005 2004 Change 2005 2004 Change
FULL-RUN ROP ADVERTISING LINAGE DATA
By Markets (000s of six-column inches) - Notes 2
Akron
Beacon
Journal 100.8 124.6 -19.1% 1,322.9 1,438.0 -8.0%
Charlotte
Observer 134.5 140.1 -4.0% 1,465.2 1,493.7 -1.9%
Columbia
State 99.2 103.8 -4.4% 1,058.4 1,100.7 -3.8%
Contra
Costa 121.4 120.1 1.1% 1,328.7 1,297.5 2.4%
Fort
Wayne
News-Sentinel,
Journal
Gazette 132.7 135.5 -2.1% 1,330.9 1,303.3 2.1%
Fort Worth
Star
Telegram 173.9 184.4 -5.7% 1,923.3 2,060.4 -6.7%
Kansas
City
Star 152.8 166.0 -8.0% 1,823.7 1,862.8 -2.1%
Lexington
Herald-Leader 103.7 103.5 0.2% 1,101.7 1,083.0 1.7%
Miami Herald
& el Nuevo
Herald 183.7 183.9 -0.1% 1,910.3 1,865.1 2.4%
Philadelphia
Newspapers 178.8 227.0 -21.2% 1,934.3 2,200.3 -12.1%
St. Paul
Pioneer
Press 92.8 105.7 -12.2% 1,103.6 1,148.7 -3.9%
San Jose
Mercury News 179.5 191.6 -6.3% 1,982.9 2,215.3 -10.5%
Wichita Eagle 84.1 86.5 -2.8% 919.0 849.6 8.2%
All Other
Dailies 1,346.5 1,318.6 2.1% 14,603.2 15,098.3 -3.3%
Total -
Full-Run ROP 3,084.4 3,191.3 -3.4% 33,808.1 35,016.7 -3.5%
Note 1 - Proforma numbers includes Boise, Olympia and Bellingham for all
periods as if they had been purchased in January 2004.
Note 2 - Measured by individual Knight Ridder newspapers. Where necessary,
certain previously reported linage has been restated to be consistent with
measurement guidelines currently in use.
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