EX-99.2 4 e400381_ex99-2.htm MARCH STATISTICAL REPORT DATED APRIL 15, 2004 Untitled Document
NEWS RELEASE
Exhibit 99.2

KNIGHT RIDDER
50 WEST SAN FERNANDO ST.
SAN JOSE, CA 95113

 

Knight Ridder Releases March Statistical Report

SAN JOSE, April 15, 2004 – (KRI:NYSE) – Total advertising revenue was up 5.6% for March and up 2.1% year to date. For the month, retail was up 2.2%, national was up 16.7% and classified was up 5.8%. For the year to date, retail was up 0.3%, national was up 6.0% and classified was up 2.8%.

     Within classified, recruitment was up 7.7% for the month. All but three newspapers had increases in help wanted, including 15 with double-digit gains. Real estate was up 6.4%. Auto was up 2.2%.

     Total operating revenue was up 5.0% for the month and 1.9% for the year to date.

     For the month, total ad revenue was up 14.3% in St. Paul, 8.9% in Philadelphia, 8.2% in Miami, 8.0% in Fort Worth, 7.5% in Kansas City, 7.0% in Contra Costa, 6.7% in Columbia and 5.8% in Charlotte. San Jose was soft.

     Retail for the month was up 10.0% in Philadelphia, 8.5% in St. Paul, 7.0% in Contra Costa, 5.5% in Miami, 3.9% in Kansas City, 2.8% in Fort Worth and 2.7% in Charlotte. San Jose was soft.

     National advertising was up 26.9% in Philadelphia, 26.2% in Charlotte, 22.3% in St. Paul, 17.7% in Contra Costa, 16.7% in Kansas City, 16.3% in Miami, 10.7% in Fort Worth. San Jose was up slightly. Increases in travel, including airlines and cruise lines, were up in all of the major markets. Food/packaged goods and automotive also increased in many markets. Telecommunications and technology were mixed.

     Classified was up 19.6% in St. Paul, 14.6% in Fort Worth, 12.4% in Lexington, 9.1% in Kansas City, 7.9% in Columbia, 7.2% in Miami, 3.9% in Contra Costa and 3.8% in Charlotte. Philadelphia and San Jose were soft.

     Circulation revenue was down 2.3% for March, mostly from discounting. Other revenue was up 41.4% for the month, primarily reflecting strength in earnings from Detroit and increases in alternate distribution revenue and commercial printing.

     Knight Ridder (NYSE: KRI) is the nation’s second-largest newspaper publisher, with products in print and online. The company publishes 31 daily newspapers in 28 U.S. markets, with a readership of 8.7 million daily and 12.6 million Sunday. Knight Ridder also has investments in a variety of Internet and technology companies and two newsprint companies. The company’s Internet operation, Knight Ridder Digital, develops and manages the company’s online properties. It is the founder and operator of Real Cities (www.RealCities.com), the largest national network of city and regional Web sites in more than 100 U.S. markets. Knight Ridder and Knight Ridder Digital are headquartered in San Jose, Calif.

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     For more information, call Vice President/Corporate Relations Polk Laffoon at 408-938-7838 (e-mail: plaffoon@knightridder.com), or Director/Corporate Communications Lee Ann Schlatter at 408-938-7839 (e-mail: lschlatter@knightridder.com), or visit Knight Ridder’s Web site at www.knightridder.com.


STATISTICAL REPORT
For the period of 03/01/04 - 03/28/04

     
March
Year-to-date
       
     
       
       
     
2004
 
2003
 
Percent
Change
 
2004
2003
Percent
Change
 
     
 
 
 
 
 
 
REVENUE ($000) — See Notes 1 & 2                                        
Advertising                                        
  Retail       83,208     81,409     2.2 %   251,283     250,575     0.3 %
  National       26,995     23,129     16.7 %   82,024     77,417     6.0 %
  Classified       70,090     66,241     5.8 %   214,571     208,754     2.8 %
     
 
       
 
       
     Total       180,293     170,779     5.6 %   547,878     536,746     2.1 %
  Circulation       43,288     44,292     -2.3 %   139,219     141,927     -1.9 %
  Other Revenue       8,877     6,278     41.4 %   25,174     20,640     22.0 %
     
 
       
 
       
Total Operating Revenue       232,458     221,349     5.0 %   712,271     699,313     1.9 %
     
 
       
 
       
AVERAGE CIRCULATION    
  (000's of copies including Detroit) - Notes 1 & 2    
  Morning       3,720     3,715     0.1 %   3,668     3,685     -0.5 %
  Evening       178     195     -8.8 %   176     195     -9.3 %
  Daily       3,898     3,910     -0.3 %   3,844     3,880     -0.9 %
  Sunday       5,291     5,244     0.9 %   5,198     5,211     -0.3 %
ADVERTISING LINAGE    
  (000's of six-column inches) - Notes 1 & 2    
Full-Run ROP    
  Retail       1,120.8     1,138.5     -1.6 %   3,371.6     3,500.2     -3.7 %
  National       209.7     195.1     7.5 %   641.5     615.2     4.3 %
  Classified       1,415.0     1,403.6     0.8 %   4,463.6     4,382.7     1.8 %
     
 
       
 
       
    Total       2,745.5     2,737.2     0.3 %   8,476.7     8,498.1     -0.3 %
     
 
       
 
       
Factored Part-Run ROP       202.2     180.6     12.0 %   591.6     559.9     5.7 %
     
 
       
 
       
TOTAL PREPRINTS INSERTED       591,092     570,204     3.7 %   1,800,219     1,785,653     0.8 %
     
 
       
 
       


Statistical Report
For the period of 03/01/04 - 03/28/04

     
March
Year–to–Date
 
     
 
 
     
2004
2003
Percent
Change
 
2004
2003
Percent
Change
 
     
 
 
 
 
 
 
FULL–RUN ROP ADVERTISING LINAGE DATA                                        
By Markets (000's of six-column inches) – Notes 1 & 2                                        
                                         
Akron Beacon Journal       119.4     120.6     -1.0 %   352.9     372.5     -5.3 %
Charlotte Observer       125.0     123.2     1.5 %   377.9     384.7     -1.8 %
Columbia State       91.9     91.8     0.1 %   286.7     287.3     -0.2 %
Contra Costa (Note 3)       123.9     116.6     6.3 %   384.3     357.8     7.4 %
Fort Wayne News-Sentinel,    
   Journal Gazette       99.8     102.9     -3.0 %   316.4     332.4     -4.8 %
Fort Worth Star Telegram       171.3     173.0     -1.0 %   527.9     548.1     -3.7 %
Kansas City Star       149.5     143.5     4.2 %   462.5     437.9     5.5 %
Lexington Herald-Leader       89.4     89.7     -0.3 %   278.6     270.2     3.1 %
Miami Herald & el Nuevo    
   Herald       163.3     163.4     -0.1 %   510.2     514.4     -0.8 %
Philadelphia Newspapers       175.8     179.4     -2.0 %   555.4     570.4     -2.6 %
St. Paul Pioneer Press       99.3     92.1     7.8 %   293.0     280.4     4.5 %
San Jose Mercury News       181.4     180.6     0.4 %   575.7     574.3     0.2 %
Wichita Eagle       66.0     66.5     -0.8 %   204.7     206.6     -0.9 %
All Other Dailies       1,089.5     1,093.9     -0.4 %   3,350.5     3,361.1     -0.3 %
     
 
     
 
     
Total - Full-Run ROP       2,745.5     2,737.2     0.3 %   8,476.7     8,498.1     -0.3 %
     
 
     
 
     

Note 1 - The Detroit News and the Detroit Free Press operate under a joint operating agreement as Detroit Newspapers (DN). Revenue and linage are excluded for 2004 and 2003.

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.

Note 3 - Full-run ROP advertising linage represents the sum of full-run ROP linage for each of Contra Costa's three newspapers.

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For further information, call Polk Laffoon IV at 408-938-7838


2003 Knight Ridder Consolidated *
Actual (000s)

     
Jan 03
Feb 03
Mar 03
1Q 2003
 
     
 
Advertising                            
   Retail     $ 87,417   $ 81,749   $ 81,409   $ 250,575  
   General       29,435     24,853     23,129     77,417  
   Classified       76,947     65,566     66,241     208,754  
     
 
   Total       193,799     172,168     170,779     536,746  
                             
Circulation       53,805     43,830     44,292     141,927  
                             
Other Revenue       7,330     7,032     6,278     20,640  
     
 
Total Operating Revenue     $ 254,934   $ 223,030   $ 221,349   $ 699,313  
     
 

Apr 03
May 03
Jun 03
2Q 2003
     
 
Advertising                            
   Retail     $ 109,543   $ 84,664   $ 81,449   $ 275,656  
   General       31,827     27,014     30,320     89,161  
   Classified       81,291     66,153     66,263     213,707  
     
 
   Total       222,661     177,831     178,032     578,524  
                             
Circulation       54,002     43,225     42,642     139,869  
         
Other Revenue       9,119     7,811     8,630     25,560  
     
   
Total Operating Revenue     $ 285,782   $ 228,867   $ 229,304   $ 743,953    
     
   

     
Jul 03
Aug 03
Sep 03
3Q 2003
 
     
 
Advertising                            
   Retail     $ 91,543   $ 80,786   $ 82,600   $ 254,929  
   General       30,019     22,786     25,399     78,204  
   Classified       79,160     64,288     68,796     212,244  
     
 
   Total       200,722     167,860     176,795     545,377  
                             
Circulation       51,898     42,392     43,338     137,628  
         
Other Revenue       8,196     7,085     8,928     24,209  
     
   
Total Operating Revenue     $ 260,816   $ 217,337   $ 229,061   $ 707,214    
     
   

Oct 03
Nov 03
Dec 03
4Q 2003
Year 2003
     
 
 
Advertising                                  
   Retail     $ 110,602   $ 110,261   $ 109,480   $ 330,343     1,111,503  
   General       34,265     28,906     28,726     91,897     336,679  
   Classified       83,106     61,472     52,857     197,435     832,140  
     
 
   Total       227,973     200,639     191,063     619,675     2,280,322  
                                   
Circulation       53,492     43,628     42,689     139,809     559,234  
                                   
Other Revenue       11,526     10,058     14,441     36,025     106,435  
     
 
 
Total Operating Revenue     $ 292,991   $ 254,325   $ 248,193   $ 795,509     2,945,991  
     
 
 

* Beginning in February 2004, Knight Ridder changed the way it reports carrier compensation at some newspapers. It now records circulation revenue on a retail, rather than a net, basis. This table provides revised circulation revenue numbers for all of 2003.