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. <MULTIPLIER> 1,000 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 1st QUARTER <FISCAL-YEAR-END> AUG-31-1997 <PERIOD-START> SEP-01-1997 <PERIOD-END> NOV-30-1997 <EXCHANGE-RATE> 1 <CASH> $192,158 <SECURITIES> $0 <RECEIVABLES> $76,282 <ALLOWANCES> $4,101 <INVENTORY> $0 <CURRENT ASSETS> $544,046 <PP&E> $23,696 <DEPRECIATION> $12,121 <TOTAL-ASSETS> $934,450 <CURRENT-LIABILITIES> $111,657 <BONDS> $0 <COMMON> $512 <PREFERRED-MANDATORY> $0 <PREFERRED> $0 <OTHER-SE> $822,793 <TOTAL-LIABILITY-AND-EQUITY> $934,450 <SALES> $0 <TOTAL-REVENUES> $172,926 <CGS> $0 <TOTAL-COSTS> $107,235 <OTHER-EXPENSES> $20,041 <LOSS-PROVISION> $0 <INTEREST-EXPENSE> $0 <INCOME-PRETAX> $52,544 <INCOME-TAX> $18,175 <INCOME-CONTINUING> $34,369 <DISCONTINUED> $0 <EXTRAORDINARY> $0 <CHANGES> $0 <NET-INCOME> $34,369 <EPS-PRIMARY> $0.94 <EPS-DILUTED> $0.91