DALLAS, May 17 /PRNewswire-FirstCall/ -- Belo Corp. (NYSE:BLC)
issued today its statistical report for the month of April.
Consolidated revenue for April increased 3.8 percent versus April
of last year with increases in the Newspaper Group and the
Television Group. Newspaper Group total revenue increased 5.2
percent for the month of April versus the prior year, with a 3.7
percent increase in advertising revenue. This growth includes an
increase in online advertising revenue of almost 50 percent. April
2006 included one more Sunday than April 2005. Adjusting for the
extra Sunday, Newspaper Group advertising revenue decreased
approximately two percent with an estimated 3.9 percent decrease at
The Dallas Morning News and slight increases at The Providence
Journal and The Press- Enterprise in Riverside. Television Group
revenue increased 2.3 percent in April versus last year, with a 0.4
percent increase in spot revenue. Local spot decreased 2.7 percent
versus April of the prior year, national decreased 2.1 percent and
political revenues were $1.9 million. Advertising revenues from
Belo's Television Group Web sites increased 76 percent in April. At
The Dallas Morning News, total revenue increased 5.6 percent in
April versus last year, including an estimated $2.9 million in
incremental circulation revenue associated with the implementation
of the Circulation Review Team's recommended changes, primarily the
move from a buy-sell arrangement to a fee-for-delivery distribution
system. Advertising revenues, which were not affected by the
increase in circulation revenue, increased 2.4 percent in April
2006 versus April 2005, including a 50 percent increase in
interactive revenues. On a like-days basis, total revenue at The
Morning News increased slightly in April. On a reported basis,
classified revenue increased 3.1 percent versus the prior year. On
a like-days basis, classified revenue decreased about six percent
with an estimated 6.1 percent increase in classified employment
revenue, a decrease of about 8.4 percent in classified real estate
revenue and an approximate 20 percent decrease in classified
automotive revenue. On a reported basis, general full-run ROP
revenue increased 5.6 percent in April versus last year with
significant strength noted in the financial and telecom categories.
Retail full-run ROP revenue decreased 13.9 percent with notable
decreases in the department store and entertainment categories. At
The Providence Journal, advertising revenue increased 9.7 percent
in April 2006 versus April 2005 with total revenue up 8.1 percent.
On a like- days basis, total revenue and advertising revenue
increased slightly in April. April marked another solid month in
classified real estate at The Journal, which was up 17 percent on a
like-days basis. At The Press-Enterprise, advertising revenues
increased 2.1 percent in April 2006 versus April 2005 with total
revenue up 1.1 percent. On a like- days basis, advertising revenue
increased slightly and total revenue decreased about half of a
percent. Classified real estate continued to show strength in
April, increasing 22 percent on a like-days basis. 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 7,700
employees and more than $1.5 billion in annual revenues, Belo
operates in some of America's most dynamic markets in Texas, the
Northwest, the Southwest, the Mid-Atlantic and Rhode Island. Belo
owns 19 television stations, six of which are in the 15 largest
U.S. broadcast markets. The Company also owns or operates seven
cable news channels and manages one television station through a
local marketing agreement. Belo's daily newspapers are The Dallas
Morning News, The Providence Journal, The Press-Enterprise
(Riverside, CA) and the Denton Record-Chronicle (Denton, TX). The
Company also publishes specialty publications targeting young
adults, and the fast-growing Hispanic market, including Quick and
Al Dia in Dallas/Fort Worth, and El D and La Prensa in Riverside.
Belo operates more than 30 Web sites associated with its operating
companies. Additional information is available at
http://www.belo.com/ or by contacting Carey Hendrickson, vice
president/Investor Relations & Corporate Communications, at
214-977-6626. Statements in this communication concerning Belo's
business outlook or future economic performance, anticipated
profitability, revenues, expenses, dividends, capital expenditures,
investments, future financings, or other financial and
non-financial items 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 capital
market conditions and prospects, and other factors such as changes
in advertising demand, interest rates and newsprint prices;
newspaper circulation matters, including changes in readership, and
audits and related actions (including the censure of The Dallas
Morning News) by the Audit Bureau of Circulations; technological
changes, including the transition to digital television and the
development of new systems to distribute television and other
audio-visual content; development of Internet commerce; industry
cycles; changes in pricing or other actions by competitors and
suppliers; regulatory changes; adoption of new accounting standards
or changes in existing accounting standards by the Financial
Accounting Standards Board or other accounting standard-setting
bodies or authorities; the effects of Company acquisitions and
dispositions; the recovery of the New Orleans market (where the
Company owns and operates market-leading television station WWL-TV,
the CBS affiliate) from the effects of Hurricane Katrina; general
economic conditions; and significant armed conflict, as well as
other risks detailed in Belo's other public disclosures, and
filings with the Securities and Exchange Commission ("SEC")
including the Annual Report on Form 10-K. Belo Monthly Revenue and
Statistics April 2006 Revenue (Note 1): (Dollars in thousands)
April YTD 2006 2005 Change 2006 2005 Change Number of Sundays 5 4 1
18 17 1 Net Operating Revenues Television Group* 62,371 60,964 2.3%
237,063 222,109 6.7% Newspaper Group 71,626 68,075 5.2% 268,656
256,080 4.9% Total Net Operating Revenues 133,996 129,039 3.8%
505,719 478,190 5.8% Television Group* Spot Revenue 55,765 55,535
0.4% 214,318 201,359 6.4% All Other Revenue 6,605 5,429 21.7%
22,745 20,751 9.6% Total Television Group 62,371 60,964 2.3%
237,063 222,109 6.7% Newspaper Group Ad Revenue 59,518 57,380 3.7%
220,279 213,846 3.0% All Other Revenue 12,107 10,695 13.2% 48,377
42,235 14.5% Total Newspaper Group 71,626 68,075 5.2% 268,656
256,080 4.9% Supplemental Newspaper Advertising Revenue Data April
% Change DMN PJ PE Group Retail** -13.9% 0.9% -4.8% -8.7% General**
5.6% -15.8% -14.4% 0.9% Classified Total 3.1% 13.0% 5.2% 5.5%
Automotive -18.2% -13.6% -26.1% -19.3% Employment 22.8% 2.8% 6.2%
14.4% Real Estate 7.4% 27.8% 20.6% 16.0% Total Advertising Revenue
2.4% 9.7% 2.1% 3.7% Note 1: Certain amounts have been reclassified
to conform to the current year presentation. * This segment
includes Belo's television stations and cable news operations. **
Does not include internet-related revenue. DMN - The Dallas Morning
News PJ - The Providence Journal PE - The Press-Enterprise
Supplemental Newspaper Advertising Revenue Data YTD % Change DMN PJ
PE Group Retail** -9.9% -1.0% -5.5% -6.8% General** 9.6% -26.2%
-17.4% 2.5% Classified Total 1.7% 9.2% 8.2% 4.7% Automotive -15.4%
-2.7% -7.7% -13.1% Employment 16.0% -3.5% 10.1% 10.3% Real Estate
3.1% 26.3% 15.3% 11.8% Total Advertising Revenue 2.4% 5.5% 2.4%
3.0% Note 1: Certain amounts have been reclassified to conform to
the current year presentation. * This segment includes Belo's
television stations and cable news operations. ** Does not include
internet-related revenue. DMN - The Dallas Morning News PJ - The
Providence Journal PE - The Press-Enterprise Linage (Note 1): April
YTD 2006 2005 Change 2006 2005 Change Number of Sundays 5 4 1 18 17
1 FULL RUN ROP (Measured in six- column SAU inches) The Dallas
Morning News (Note 2) Retail 65,092 79,500 -18.1% 255,397 306,562
-16.7% General 19,968 27,924 -28.5% 81,665 94,899 -13.9% Classified
119,290 130,230 -8.4% 456,975 481,114 -5.0% TOTAL 204,350 237,653
-14.0% 794,036 882,575 -10.0% The Providence Journal Retail 48,327
55,267 -12.6% 188,521 199,293 -5.4% General 3,554 4,438 -19.9%
12,204 18,200 -32.9% Classified 41,805 40,352 3.6% 150,743 153,674
-1.9% TOTAL 93,686 100,057 -6.4% 351,468 371,167 -5.3% The
Press-Enterprise Retail 24,213 25,936 -6.6% 90,366 101,227 -10.7%
General 9,038 12,067 -25.1% 35,725 44,952 -20.5% Classified 81,939
82,155 -0.3% 317,604 309,501 2.6% TOTAL 115,190 120,158 -4.1%
443,695 455,680 -2.6% Note 1: Certain amounts have been
reclassified to conform to the current year presentation. Note 2:
Linage is for The Dallas Morning News newspaper only. Linage for
the Denton Record-Chronicle, Al Dia, and Quick is not included due
to the difference in their circulation versus The Dallas Morning
News. Source: Internal Records DATASOURCE: Belo Corp. CONTACT:
Carey Hendrickson, vice president-Investor Relations &
Corporate Communications of Belo Corp., +1-214-977-6626 Web site:
http://www.belo.com/
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