International Speedway Corporation (BULLETIN BOARD: ISCB) (”ISC”) today reported results for the fiscal fourth quarter and full year ended November 30, 2006.

“Fiscal 2006 was another successful year for the Company, anchored by a strong fourth quarter,” said ISC President Lesa France Kennedy. “Increased television broadcast rights, sponsorship and hospitality revenues resulted in record top-line results for the quarter. Consumer demand also remained solid, evidenced by sellouts at five of our last seven NASCAR NEXTEL Cup events of the year.”

Fourth Quarter Comparison

Total revenues for the fourth quarter increased to $253.5 million, compared to revenues of $236.7 million in the prior-year period. Operating income was $16.7 million compared to $90.5 million in the fourth quarter of fiscal 2005. Impacting year-over-year comparability are pre-tax, non-cash charges of $87.1 million, or $1.04 per diluted share after tax, for the impairment of long-lived assets. These impairments are substantially related to the Company’s decision to discontinue its speedway development project on Staten Island. Results were further impacted by an IRL IndyCar Series event at Watkins Glen International (conducted in the third quarter of 2006 versus the fourth quarter of 2005), an IRL IndyCar Series event at California Speedway in 2005 that was not held in 2006, and increased litigation expenses.

The Auto Channel

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