DALLAS, Feb. 18 /PRNewswire-FirstCall/ -- Belo Corp. (NYSE: BLC) issued
today its statistical report for the month of January. Newspaper Group
revenue increased 5.5 percent for the month of January with a 5.9 percent
increase in advertising revenue. At The Dallas Morning News, total revenue
increased 2.3 percent in January with a 1.3 percent increase in advertising
revenues. Total revenue at The Providence Journal and The Press-Enterprise
increased 8.2 percent and 14.5 percent, respectively, in January. Television
Group revenue increased 2.6 percent with a 2.6 percent increase in spot
revenue. Local revenue increased 3.7 percent while national revenue decreased
4.1 percent.
January Newspaper Linage
At The Dallas Morning News, retail full-run ROP revenue increased
13.4 percent with significant increases in the department stores, computers,
and furniture categories. Retail full-run ROP volume increased 6.7 percent.
General full-run ROP revenue increased 5.5 percent with increases in the
automotive and tobacco categories being partially offset by decreases in the
financial and packaged goods categories. General full-run ROP volume
decreased 8.1 percent. Classified revenue decreased 4.6 percent versus last
year with a 9.8 percent decrease in volume. Classified real estate revenue
increased 2.0 percent while classified automotive decreased 1.6 percent.
Employment revenue decreased 13.0 percent in January. If online employment
revenues and revenues from The Dallas Morning News' other recently developed
recruitment products are included, the January employment revenue variance
narrows to 4.9 percent.
At The Providence Journal, total full-run advertising linage, including
preprints and supplements, increased 19.3 percent, and total full-run ROP
linage increased 13.2 percent. Retail and classified volumes, including
preprints, were up 25.4 and 18.4 percent, respectively. General volumes,
including preprints, were down 10.4 percent.
About Belo
Belo Corp. is one of the nation's largest media companies with a
diversified group of market-leading television, newspaper, cable and
interactive media assets. A Fortune 1000 company with approximately
7,800 employees and $1.4 billion in annual revenues, Belo operates news and
information franchises in some of America's most dynamic markets and regions,
including Texas, the Northwest, the Southwest, Rhode Island and the Mid-
Atlantic region. Belo owns 19 television stations (six in the top 15 markets)
reaching 13.8 percent of U.S. television households; owns or operates 10 cable
news channels; and manages one television station through a local marketing
agreement. Belo's daily newspapers include The Dallas Morning News, The
Providence Journal, The Press-Enterprise (Riverside, CA) and the Denton
Record-Chronicle (Denton, TX). Belo Interactive's new media businesses
include more than 30 Web sites, several interactive alliances and a broad
range of Internet-based products. For more information, contact Carey
Hendrickson, vice president of investor relations, at 214-977-6606.
Additional information, including earnings releases, is available online at
http://www.belo.com .
Statements in this communication concerning the Company's business outlook
or future economic performance, anticipated profitability, revenues, expenses,
capital expenditures, investments, commitments, or other financial or
operating items and other statements that are not historical facts, are
"forward-looking statements" as the term is defined under applicable Federal
Securities Laws. Forward-looking statements are subject to risks,
uncertainties and other factors that could cause actual results to differ
materially from those statements.
Such risks, uncertainties and factors include, but are not limited to,
changes in advertising demand, interest rates and newsprint prices;
technological changes; development of Internet commerce; industry cycles;
changes in pricing or other actions by competitors and suppliers; regulatory
changes; the effects of Company acquisitions and dispositions; general
economic conditions; and significant armed conflict, as well as other risks
detailed in the Company's filings with the Securities and Exchange Commission
("SEC"), including the Annual Report on Form 10-K.
Belo
Monthly Revenue and Statistics
January 2004
Revenue:
(Dollars in thousands)
January YTD
2004 2003 Change 2004 2003 Change
Total Television Group
Revenue 46,439 45,265 2.6% 46,439 45,265 2.6%
Total Newspaper Group
Revenue 57,039 54,069 5.5% 57,039 54,069 5.5%
The Dallas Morning News
Linage (Note 1):
(Measured in six-column SAU inches)
January YTD
2004 2003 Change 2004 2003 Change
Number of Sundays 4 4 --- 4 4 ---
FULL RUN ROP
Retail 64,043 60,017 6.7% 64,043 60,017 6.7%
General 17,438 18,983 -8.1% 17,438 18,983 -8.1%
Classified/Legal 106,071 117,593 -9.8% 106,071 117,593 -9.8%
TOTAL 187,552 196,593 -4.6% 187,552 196,593 -4.6%
FULL RUN PREPRINTS
Retail 50,618 65,337 -22.5% 50,618 65,337 -22.5%
General 19,265 17,040 13.1% 19,265 17,040 13.1%
TOTAL 69,883 82,377 -15.2% 69,883 82,377 -15.2%
TOTAL FULL RUN:
ROP, PREPRINTS AND
SUPPLEMENTS
Retail 116,372 127,650 -8.8% 116,372 127,650 -8.8%
General 37,078 36,511 1.6% 37,078 36,511 1.6%
Classified/Legal 106,071 117,593 -9.8% 106,071 117,593 -9.8%
TOTAL 259,521 281,754 -7.9% 259,521 281,754 -7.9%
Note 1: Certain amounts for the prior year have been reclassified to
conform to the current year presentation.
Circulation (Note 2): Six-month period ended
September 30,
2003 2002 Change
Daily 526,191 525,532 0.1%
Sunday 785,876 784,905 0.1%
Note 2: ABC FAS-FAX circulation figures are the average for the
six months ending September 30, 2003.
Source: Internal Records
The Providence Journal
Linage:
(Measured in six-column SAU inches)
January YTD
2004 2003 Change 2004 2003 Change
Number of Sundays 4 4 --- 4 4 ---
FULL RUN ROP
Retail 56,838 51,325 10.7% 56,838 51,325 10.7%
General 2,680 2,559 4.7% 2,680 2,559 4.7%
Classified/Legal 34,312 28,971 18.4% 34,312 28,971 18.4%
TOTAL 93,830 82,855 13.2% 93,830 82,855 13.2%
FULL RUN PREPRINTS
Retail 72,448 52,057 39.2% 72,448 52,057 39.2%
General 15,826 18,018 -12.2% 15,826 18,018 -12.2%
TOTAL 88,274 70,075 26.0% 88,274 70,075 26.0%
TOTAL FULL RUN:
ROP, PREPRINTS AND
SUPPLEMENTS
Retail 129,819 103,509 25.4% 129,819 103,509 25.4%
General 18,506 20,661 -10.4% 18,506 20,661 -10.4%
Classified/Legal 34,312 28,971 18.4% 34,312 28,971 18.4%
TOTAL 182,637 153,141 19.3% 182,637 153,141 19.3%
Circulation (Note 2): Six-month period ended
September 30,
2003 2002 Change
Daily 167,609 166,836 0.5%
Sunday 236,096 234,681 0.6%
Note 2: ABC FAS-FAX circulation figures are the average for the
six months ending September 30, 2003.
Source: Internal Records
SOURCE Belo Corp.
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Related links:
http://www.belo.com
CONTACT:
Carey Hendrickson, vice president of investor
relations of Belo Corp., +1-214-977-6606
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