~ Average Annual Industry Rights Fees Expected to Increase Approximately 40% ~ DAYTONA BEACH, Fla., Dec. 7 /PRNewswire-FirstCall/ -- International Speedway Corporation (NASDAQ:ISCA) (OTC:ISCB) (BULLETIN BOARD: ISCB) ("ISC") today provided details regarding NASCAR's recently announced domestic broadcast rights contracts for its NEXTEL Cup, Busch and Craftsman Truck series, as well as other related programming. The combined eight-year (2007 through 2014) agreements are expected to total approximately $4.48 billion for the industry. As such, the average annual rights fee is expected to approximate $560 million per year, an estimated 40 percent increase over the current average. The rights fees are expected to increase between three and five percent annually over the eight-year period, which suggests a 2007 industry rights fee of approximately $470 to $500 million. Broadcast of the NASCAR NEXTEL Cup Series events will be split between FOX, ABC, ESPN, TNT and Speed Channel. Highlights include (based on the current schedule of 39 races): Championship Points Events * FOX will air the Daytona 500 and the next 12 points events; * TNT will carry six consecutive races in June and July; and * ABC and ESPN will broadcast the final 17 events, with all 10 races in the Chase for the NASCAR NEXTEL Cup to be aired on ABC. Non-Championship Points Events * FOX will carry Daytona International Speedway's Budweiser Shootout; and * Speed Channel will air the Gatorade Duel at Daytona and the NASCAR NEXTEL All-Star Challenge. The NASCAR Busch Series will be broadcast on ABC, ESPN and ESPN2, with no less than four events on ABC. In addition, Speed Channel will remain home to the NASCAR Craftsman Truck Series with the exception of two races, which will be broadcast by FOX. "These agreements further drive fan and media awareness for all three major NASCAR racing series, which helps fuel long-term attendance and corporate-related revenue growth for ISC," said Lesa France Kennedy, President of ISC. "Approximately two-thirds of the NEXTEL Cup schedule will air on network television, and the Busch series gains increased continuity through a season-long presence on sister networks ABC and ESPN. More importantly, the entire industry will significantly benefit from the long-term visibility and strong cash flow generated by these agreements, and will further ISC's ability to grow its business and increase value for shareholders." 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% interest in Raceway Associates, LLC, which owns and operates Chicagoland Speedway and Route 66 Raceway near Chicago, Illinois. 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, the Company 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 http://www.iscmotorsports.com/ . Statements made in this release that express the Company's or management's beliefs or expectations and which are not historical facts or which are applied prospectively are forward-looking statements. It is important to note that the Company's actual results could differ materially from those contained in or implied by such forward-looking statements. The Company's results could be impacted by risk factors, including, but not limited to, weather surrounding racing events, government regulations, economic conditions, consumer and corporate spending, military actions, air travel and national or local catastrophic events. Additional information concerning factors that could cause actual results to differ materially from those in the forward- looking statements is contained from time to time in the Company's SEC filings including, but not limited to, the 10-K and subsequent 10-Qs. Copies of those filings are available from the Company and the SEC. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be needed to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by International Speedway or any other person that the events or circumstances described in such statement are material. DATASOURCE: International Speedway Corporation CONTACT: Wes Harris, Senior Director, Investor Relations, ISC, +1-386-947-6465 Web site: http://www.iscmotorsports.com/

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