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International Speedway Provides
Additional Details on NASCAR Television Agreements
DAYTONA BEACH, Fla., Oct. 3 /PRNewswire-FirstCall/
-- International Speedway Corporation (Nasdaq:
ISCA - News; OTC Bulletin Board: ISCB - News;
"ISC") today provided additional details
on NASCAR's domestic broadcast rights contracts
for its NEXTEL Cup, Busch and Craftsman Truck
series, as well as other related programming.
In a press release dated December 7, 2005, NASCAR
announced it had reached eight-year comprehensive
agreements with a combination of networks that
includes FOX, ABC, ESPN, TNT and SPEED.
The combined eight-year (2007 through 2014) agreements
are expected to total approximately $4.48 billion
for the industry. As a result, the average annual
rights fee is expected to approximate $560 million
per year, an estimated 40 percent increase over
the current average.
According to NASCAR Broadcasting, LLC, the total
current industry estimate for domestic television
revenue in the year 2007 is approximately $505
million, with increases, on average, of approximately
three percent per year through the 2014 season.
The annual increase is expected to vary between
two and four percent per year. The series allocation
of the 2007 industry revenue is estimated at $473
million for NEXTEL Cup events, $29 million for
Busch races and $3 million for Craftsman Truck
events.
International Speedway Corporation is a leading
promoter of motorsports activities in the United
States, currently promoting more than 100 racing
events annually as well as numerous other motorsports-related
activities. The Company owns and/or operates 11
of the nation's major motorsports entertainment
facilities, including Daytona International Speedway
in Florida (home of the Daytona 500); Talladega
Superspeedway in Alabama; Michigan International
Speedway located outside Detroit; Richmond International
Raceway in Virginia; California Speedway near
Los Angeles; Kansas Speedway in Kansas City, Kansas;
Phoenix International Raceway in Arizona; Homestead-Miami
Speedway in Florida; Martinsville Speedway in
Virginia; Darlington Raceway in South Carolina;
and Watkins Glen International in New York.
Other motorsports entertainment facility ownership
includes an indirect 37.5 percent interest in
Raceway Associates, LLC, which owns and operates
Chicagoland Speedway and Route 66 Raceway near
Chicago, Illinois. In addition, ISC is a limited
partner with Group Motorise International in the
organization and promotion of certain events at
Circuit Gilles Villenueve in Montreal, Canada.
The Company also owns and operates MRN Radio,
the nation's largest independent sports radio
network; DAYTONA USA, the "Ultimate Motorsports
Attraction" in Daytona Beach, Florida, the
official attraction of NASCAR; and subsidiaries
which provide catering services, food and beverage
concessions, and produce and market motorsports-related
merchandise under the trade name "Americrown."
In addition, ISC has an indirect 50 percent interest
in a business called Motorsports Authentics, which
markets and distributes motorsports-related merchandise
licensed by certain competitors in NASCAR racing.
For more information, visit the Company's Web
site at www.iscmotorsports.com.
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