DALLAS, July 28 /PRNewswire-FirstCall/ -- Belo Corp. (NYSE:BLC)
issued today its statistical report for the month of June.
Consolidated revenue for June increased 5.1 percent versus June of
last year with increases in Television Group revenue and Newspaper
Group revenue. Television Group revenue increased 8.1 percent in
June versus last year, with an 8.7 percent increase in spot
revenue. Local spot increased 4.9 percent versus June of the prior
year, national increased 9.3 percent and political revenues were
$1.5 million. Advertising revenues from Belo's Television Group Web
sites increased 48 percent in June 2006 versus June 2005. Newspaper
Group total revenue increased 2.4 percent for the month of June
versus the prior year, with a 1.4 percent increase in advertising
revenue. Online advertising revenue, which is included in
advertising revenue, increased 48 percent in June 2006 versus June
2005. Total advertising revenue decreased 0.7 percent at The Dallas
Morning News and increased 0.9 percent at The Providence Journal
and 8.2 percent at The Press-Enterprise in Riverside. At The Dallas
Morning News, total revenue increased 2.7 percent in June versus
last year, including an estimated $2.5 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, decreased 0.7 percent in June 2006
versus June 2005. Interactive revenues continued strong in June,
increasing 43 percent. General full-run ROP revenue increased 15
percent in June versus last year with significant strength noted in
the financial category. Retail full-run ROP revenue decreased 3.1
percent with increases in the construction and grocery categories
and decreases in the furniture and professional services
categories. Classified revenue decreased 7.6 percent versus the
prior year with a 6.1 percent decrease in classified employment
revenue, a decrease of 6.7 percent in classified real estate
revenue and a 15 percent decrease in classified automotive revenue.
At The Providence Journal, advertising revenue increased 0.9
percent in June 2006 versus June 2005, with total revenue down 0.7
percent. Interactive revenue in Providence increased over 100
percent in June 2006 versus last year led by sizable gains in
classified employment and classified real estate. Preprints were
also strong at The Journal in June, increasing 14 percent. At The
Press-Enterprise, advertising revenues increased 8.2 percent in
June 2006 versus June 2005 with total revenue up 4.8 percent. Ad
revenue increases were recorded in all three major categories in
June -- retail, general and classified, which were up 18 percent,
seven percent and 6.8 percent, respectively. Classified real estate
increased 39 percent in June, the fifth consecutive month of
double-digit growth. 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 June 2006 Revenue (Note 1): (Dollars
in thousands) June YTD 2006 2005 Change 2006 2005 Change Number of
Sundays 4 4 --- 26 26 --- Net Operating Revenues Television Group*
62,802 58,077 8.1% 368,018 344,288 6.9% Newspaper Group 68,339
66,710 2.4% 407,262 396,126 2.8% Total Net Operating Revenues
131,142 124,787 5.1% 775,280 740,414 4.7% Television Group* Spot
Revenue 56,398 51,866 8.7% 332,428 312,465 6.4% All Other Revenue
6,404 6,212 3.1% 35,590 31,823 11.8% Total Television Group 62,802
58,077 8.1% 368,018 344,288 6.9% Newspaper Group Ad Revenue 56,817
56,054 1.4% 335,176 332,108 0.9% All Other Revenue 11,523 10,655
8.1% 72,086 64,018 12.6% Total Newspaper Group 68,339 66,710 2.4%
407,262 396,126 2.8% Supplemental Newspaper Advertising Revenue
Data June % Change YTD % Change DMN PJ PE Group DMN PJ PE Group
Retail** -3.1% -4.6% 18.4% -0.7% -9.8% -3.2% -0.6% -6.8% General**
15.1% -49.7% 7.0% 10.1% 5.3% -33.8% -12.3% -0.1% Classified Total
-7.6% -1.5% 6.8% -2.9% -2.2% 3.7% 6.9% 1.1% Automotive -15.0%
-30.7% -17.6% -16.9% -15.1% -14.1% -10.2% -14.1% Employment -6.1%
-9.2% -6.3% -6.8% 8.8% -7.5% 2.3% 3.7% Real Estate -6.7% 7.6% 38.5%
9.2% -4.4% 17.1% 22.3% 8.3% Total Advertising Revenue -0.7% 0.9%
8.2% 1.4% -0.1% 2.2% 2.9% 0.9% 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): June YTD 2006 2005 Change 2006
2005 Change Number of Sundays 4 4 --- 26 26 --- FULL RUN ROP
(Measured in six- column SAU inches) The Dallas Morning News (Note
2) Retail 64,936 69,391 -6.4% 390,633 457,848 -14.7% General 22,322
26,739 -16.5% 125,430 152,881 -18.0% Classified 114,302 112,227
1.8% 691,052 721,896 -4.3% TOTAL 201,559 208,356 -3.3% 1,207,114
1,332,625 -9.4% The Providence Journal Retail 51,176 54,388 -5.9%
291,229 313,455 -7.1% General 2,204 4,329 -49.1% 16,330 26,768
-39.0% Classified 38,080 43,982 -13.4% 227,701 248,051 -8.2% TOTAL
91,460 102,699 -10.9% 535,260 588,274 -9.0% The Press- Enterprise
Retail 27,510 25,623 7.4% 144,043 153,948 -6.4% General 11,899
11,513 3.4% 58,740 69,830 -15.9% Classified 78,825 81,094 -2.8%
479,554 471,851 1.6% TOTAL 118,234 118,230 0.0% 682,337 695,629
-1.9% 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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