Company Town : Focus on Entertainment Stocks
Spotlight on King World Productions: The New York-based company, headed by Roger King, posted a 7.4% increase in profit for fiscal 1993. Says Chief Financial Officer Jeff Epstein: “Our key focus is coming up with programming to ride on the information superhighway when it’s built. ‘Wheel of Fortune’ and ‘Jeopardy’ are two of the most widely used shows in the interactive game arena and are used on the Interactive Network. Wouldn’t it be fun to play ‘Wheel’ and ‘Jeopardy’ at home and win prizes?”
Major Properties * TV Production: “Inside Edition,” “American Journal,” “The Les Brown Show” * TV Syndication: “Wheel of Fortune,” “Jeopardy,” “The Oprah Winfrey Show” * Program Library: “The Little Rascals”
Financial Data * Market capitalization: $1.5 billion * Cash: $384.5 million * Long-term debt: None * 1993 revenue: $474.3 million * 1993 profit: $101.9 million * Earnings per share: $2.65
Sources: Associated Press, KingWorld Productions
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