Advertising Age Data Center
100 LEADING MEDIA COMPANIES
Ranked by total net U.S. media revenue in 2003
RANKTOTAL NET U.S. MEDIA REVENUENET REVENUE FROM THE U.S. BY MEDIUM IN 2003
20032002MEDIA COMPANYHEADQUARTERS20032002% CHGWORLDWIDE PARENT REVENUEWORLDWIDE NET INCOMENEWSPAPERMAGAZINETVRADIOCABLEOTHER
11Time WarnerNew York$29,247$28,2033.7$39,565$2,639$0$4,514$660$0$15,473$8,600
22Comcast Corp.Philadelphia17,492 16,002 9.318,348 3,24000 0 017,4920
33ViacomNew York17,252 15,939 8.226,585 1,417051 7,761 2,0985,5951,748
44Walt Disney Co.Burbank, Calif.11,239 9,991 12.527,061 1,2670298 4,806 6125,5230
55NBC Universal (General Electric Co.)Fairfield, Conn.8,177 8,325 -1.8134,187 15,00200 6,193 01,9840
66Cox EnterprisesAtlanta8,108 7,348 10.310,796 NA1,4000 523 4265,7590
78DirecTV GroupEl Segundo, Calif.7,696 6,445 19.410,121 -36200 0 007,696
87News Corp.New York/Sydney7,532 6,884 9.419,217 1,4281685 4,422 02,313624
99Gannett Co.McLean, Va.6,330 6,076 4.26,711 1,2115,6100 720 000
1010Clear Channel CommunicationsSan Antonio, Texas6,138 5,851 4.98,931 1,14600 268 3,69502,175
1111Advance PublicationsNewark, N.J.5,909 5,409 9.25,909 NA2,1282,197 0 01,5850
1214EchoStar Communications Corp.Englewood, Colo.5,410 4,430 22.15,739 22500 0 005,410
1312Tribune Co.Chicago5,398 5,199 3.85,595 8914,01720 1,323 3800
1413Charter CommunicationsSt. Louis4,819 4,566 5.54,819 -23800 0 04,8190
1515Hearst Corp.New York4,045 3,731 8.4NANA1,4581,900 687 000
1617Cablevision Systems Corp.Bethpage, N.Y.3,694 3,292 12.24,177 -29700 0 03,6940
1716Adelphia Communications Corp.Greenwood Village, Colo.3,584 3,426 4.63,584 NA00 0 03,5840
1818The New York Times Co.New York3,227 3,079 4.83,227 3033,0080 130 15074
1919Knight RidderSan Jose, Calif.2,848 2,835 0.42,946 2962,7680 0 0080
2020BloombergNew York2,380 2,240 6.33,400 NA00 0 11632,306
2121The Washington Post Co.Washington2,001 1,963 1.92,839 241873354 315 04590
2222Dow Jones & Co.New York1,549 1,559 -0.71,549 1711,2270 0 00322
2324E.W. Scripps Co.Cincinnati1,531 1,402 9.21,875 2716920 304 05350
2423BeloDallas1,436 1,428 0.61,436 1297460 647 01925
2525Univision CommunicationsLos Angeles1,392 1,292 7.71,311 15500 1,059 2783916
2641Yahoo! Inc.Sunnyvale, Calif.1,355 807 681,625 23800 0 001,355
2728Discovery CommunicationsSilver Spring, Md.1,264 1,121 12.81,995 NA00 0 01,2640
2826PrimediaNew York1,241 1,280 -3.11,346 3901,079 0 055107
2927AdvoWindsor, Conn.1,163 1,130 2.91,163 5000 0 001,163
3029McClatchy Co.Sacramento, Calif.1,098 1,069 2.81,099 1501,0980 0 000
3131Meredith Corp.Des Moines, Iowa1,080 957 12.81,080 910808 272 000
3232MediaCom Communications Corp.Middletown, N.Y.1,005 923 8.91,005 -6300 0 01,0050
3372GoogleMountain View, Calif.962 348 176.5962 10600 0 00962
3430International Data GroupBoston930 963 -3.42,410 NA0760 0 00170
3534A&E Television NetworksNew York905 846 7905 NA023 0 08820
3638Insight Communications Co.New York903 812 11.2903 -1400 0 09030
3737Valassis CommunicationsLivonia, Mich.878 816 7.5917 10400 0 00878
3835Media GeneralRichmond, Va.837 832 0.7837 595440 286 007
3949MSN Network (Microsoft Corp.)Redmond, Wash.836 565 4832,187 9,99300 0 00836
4033Reader's Digest AssociationPleasantville, N.Y.835 854 -2.32,388 670835 0 000
4144Freedom CommunicationsIrvine, Calif.824 768 7.30 NA7140 110 000
4242Lifetime Entertainment ServicesNew York813 787 3.3813 NA012 0 08020
4343Lamar Advertising Co.Baton Rouge, La.810 776 4.4810 -4700 0 00810
4436Gruner & Jahr USA (Bertelsmann)New York/Hamburg788 830 -519,175 2370788 0 000
4539McGraw-Hill Cos.New York773 809 -4.64,828 6880668 105 000
4647MediaNews GroupDenver744 723 3744 367380 7 000
4746Landmark CommunicationsNorfolk, Va.743 728 2.10 NA4480 65 02310
4845Sinclair Broadcast GroupBaltimore724 731 -1739 2400 724 000
4940Gemstar-TV Guide InternationalLos Angeles680 809 -15.9879 -5770365 0 0153162
5055Lee EnterprisesDavenport, Iowa657 524 25.4657 786480 0 008
5148Reed ElsevierNew York/London601 648 -7.38,103 1,0880601 0 000
5250Emmis Communications Corp.Indianapolis592 562 5.3592 2076 236 28000
5354Copley PressLa Jolla, Calif.573 530 8.1536 NA5730 0 000
5457Zuckerman Media PropertiesNew York540 516 4.7NANA333207 0 000
5551Westwood OneNew York539 551 -2.1539 10000 0 53900
5653Morris CommunicationsAugusta, Ga.533 530 0.5NANA43824 0 12059
5756Hachette Filipacchi Media U.S. (Lagardere)New York/Paris531 517 2.714,916 3810531 0 000
5852American MediaLantana, Fla.516 535 -3.6516 240516 0 000
5958Journal CommunicationsMilwaukee468 464 0.8798 673170 73 7800
6059Hollinger InternationalChicago445 442 0.81,037 254450 0 000
6161PulitzerSt. Louis423 416 1.6423 424230 0 000
6260Block CommunicationsToledo, Ohio420 419 0.3420 -412510 39 011020
6363Community Newspaper HoldingsBirmingham, Ala.410 390 5.1NANA4100 0 000
6462Entercom Communications Corp.Bala Cynwyd, Pa.401 391 2.5401 7200 0 40100
6564Journal Register Co.Trenton, N.J.389 388 0.2406 723890 0 000
6671Susquehanna Media Co.York, Pa.376 349 7.9376 3600 0 22913710
6765Catalina Marketing Corp.St. Petersburg, Fla.368 372 -1.1473 -1900 0 00368
6867Raycom MediaMontgomery, Ala.361 360 0.3NANA00 361 000
6974Harte-HanksSan Antonio, Texas360 335 7.4945 873600 0 000
7076Rodale PressEmmaus, Pa.355 309 15NANA0355 0 000
7170LIN TV Corp.Providence, R.I.350 350 0350 -9000 350 000
7280National Geographic SocietyWashington347 292 18.8NANA0225 0 01220
7366Seattle Times Co.Seattle346 361 -4.2NANA3460 0 000
7475Citadel Broadcasting Corp.Las Vegas, Nev.345 310 11.6372 -9000 0 34500
7568United Business MediaManhasset, N.Y./London345 359 -3.91,228 -680345 0 000
7678RCN Corp.Princeton, N.J.339 299 13.2485 -49900 0 024495
7769Forbes Inc.New York318 354 -10.4NANA0318 0 000
7877Dispatch Printing Co.Columbus, Ohio312 302 3.2NANA2100 90 930
7973VNUNew York/Haarlem, Netherlands312 339 -84,430 1480312 0 000
8082Dennis PublishingNew York305 287 6.4NANA0305 0 000
8179Radio OneLanham, Md.303 296 2.5303 5400 0 30300
8281InterActiveCorpNew York298 287 3.86,328 1540269 0 0029
8383Stephens Media GroupLas Vegas293 279 5.1NANA2930 0 000
8486Cumulus MediaAtlanta282 253 11.6282 500 0 28200
8585Times Publishing Co.St. Petersburg, Fla.280 258 8.6280 NA2800 0 000
8684Paxson Communications Corp.West Palm Beach, Fla.271 277 -2.2271 -7600 271 000
87112Wehco MediaLittle Rock, Ark.266 260 2.2NANA2660 0 000
88106Gray TelevisionAlbany, Ga.266 169 57.7295 14230 243 000
89113Ogden NewspapersWheeling, W. Va.261 256 1.9NANA2610 0 000
9088American Express Publishing Corp.New York259 233 11.225,900 2,9900259 0 000
9189Playboy EnterprisesChicago249 232 7.5316 -80115 0 09539
9287CNET NetworksSan Francisco246 237 3.9246 -26049 0 00197
9395MSNBCNew York241 215 12.1NANA00 0 02410
9494Entravision Communications Corp.Santa Monica, Calif.238 218 8.9238 200 121 87030
9590Schurz CommunicationsSouth Bend, Ind.235 227 3.8NANA1280 45 6560
9693Crain CommunicationsDetroit234 221 5.9234 NA0232 0 100
97114Herald MediaBoston224 223 0.7NANA2240 0 000
9891Church of Jesus Christ of Latter-day SaintsSalt Lake City224 226 -0.9NANA00 26 19800
9998Jefferson-Pilot CommunicationsGreensboro, N.C.214 208 2.93,573 49200 71 13904
100101Sunbeam Television Corp.Miami209 202 3.2NANA00 209 000
Notes: Dollars in millions. Media defined as media content and distribution businesses supported by advertising. Media revenue, considered estimates, are generally for latest available fiscal year. Parent returns are as reported; parent revenue may be smaller than media total because media are pro forma where possible and often represent corporate segment totals without eliminations. Non-U.S. media returns are excluded where possible.

The 50/50 joint venture media companies-No. 42 Lifetime Entertainment Services and No. 93 MSNBC-stand alone because their co-parents do not claim their revenue in accordance with GAAP rules. No. 35 A&E Television Networks, owned by three media companies, each with a minority interest, also stands alone. Sources: BIA Financial Network (radio, TV, newspapers), Kagan World Media (cable), TNS Media Intelligence/CMR, Audit Bureau of Circulations and public documents.