WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE. <LEGEND> EXHIBIT 27.1 FINANCIAL DATA SCHEDULE COMMERCIAL AND INDUSTRIAL COMPANIES ARTICLE 5 OF REGULATION S-X This schedule contains summary financial information extracted from the Consolidated Statements of Operations and Consolidated Balance Sheets of King World Productions, Inc. and its Subsidiaries and is quali- fied in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 2nd QUARTER <FISCAL-YEAR-END> 08/31 <PERIOD-START> 12/01/96 <PERIOD-END> 02/28/97 <EXCHANGE-RATE> 1 <CASH> $300,045 <SECURITIES> $0 <RECEIVABLES> $75,424 <ALLOWANCES> $4,115 <INVENTORY> $0 <CURRENT ASSETS> $699,808 <PP&E> $20,661 <DEPRECIATION> $11,319 <TOTAL-ASSETS> $900,124 <CURRENT-LIABILITIES> $87,704 <BONDS> $0 <COMMON> $508 <PREFERRED-MANDATORY> $0 <PREFERRED> $0 <OTHER-SE> $812,420 <PAGE 15> <TOTAL-LIABILITY-AND-EQUITY> $900,124 <SALES> $0 <TOTAL-REVENUES> $175,169 <CGS> $0 <TOTAL-COSTS> $103,764 <OTHER-EXPENSES> $21,254 <LOSS-PROVISION> $0 <INTEREST-EXPENSE> $0 <INCOME-PRETAX> $57,185 <INCOME-TAX> $20,508 <INCOME-CONTINUING> $36,667 <DISCONTINUED> $0 <EXTRAORDINARY> $0 <CHANGES> $0 <NET-INCOME> $36,667 <EPS-PRIMARY> $0.97 <EPS-DILUTED> $0.97