DALLAS, Sept. 21 /PRNewswire-FirstCall/ -- Belo Corp. (NYSE:BLC)
today issued its statistical report for the month of August.
Consolidated revenue for August increased 3.2 percent versus August
of last year with an 8.4 percent increase in Television Group
revenue partially offset by a 1.2 percent decrease in Newspaper
Group revenue. Robert W. Decherd, Belo's chairman, president, and
chief executive officer, said, "As in July, advertising revenues in
August were strong in Belo's Television Group while Newspaper Group
advertising revenues were below our original internal projections.
We continue to be pleased by the steady and impressive growth in
Belo's online revenues. Given the uneven nature recently of retail
and national advertising that is impacting the newspaper industry
and other media, it is unlikely that Belo's Newspaper Group will
meet the third quarter revenue guidance we provided in our second
quarter 2006 earnings release of flat newspaper advertising revenue
versus the prior year." August Statistical Report Television Group
revenue increased 8.4 percent in August versus last year, with a
6.3 percent increase in spot revenue. National spot increased 13.3
percent versus August of the prior year, local spot was flat and
political revenues were $1.4 million. Advertising revenues from
Belo's Television Group Web sites increased 57 percent in August
2006 versus August 2005. Newspaper Group total revenue decreased
1.2 percent for the month of August versus the prior year, with a
1.9 percent decrease in advertising revenue. Online advertising
revenue, which is included in advertising revenue, increased 47
percent in August 2006 versus August 2005. At The Dallas Morning
News, total revenue decreased 0.6 percent in August versus last
year, including an estimated $1.4 million in incremental
circulation revenue associated with the change from a buy-sell
arrangement with contractors to a fee-for-delivery distribution
system. Advertising revenues, which were not affected by the
increase in circulation revenue, decreased 2.3 percent in August
2006 versus August 2005. Interactive advertising revenues continued
to exhibit exceptional growth in August, increasing 43 percent.
General full-run ROP revenue increased 7.5 percent in August versus
last year with significant increases noted in the media and
industrial categories. Retail full-run ROP revenue increased 3.3
percent with strength in the furniture and sporting goods
categories and weakness in the educational and apparel categories.
Classified revenue decreased 4.4 percent versus the prior year with
an increase of 2.8 percent in classified real estate revenue, a 1.2
percent increase in classified employment revenue, and a 19 percent
decrease in classified automotive revenue. Preprint revenue
decreased 13 percent in August, primarily due to softness in the
consumer goods, telecom and department stores categories. At The
Providence Journal, advertising revenue decreased 1.1 percent in
August 2006 versus August 2005, with total revenue down 1.9
percent. Interactive advertising revenue in Providence increased
over 70 percent in August 2006 versus last year led by sizable
gains in classified employment, classified automotive and
classified real estate. At The Press-Enterprise, advertising
revenues decreased 1.7 percent in August 2006 versus August 2005
with total revenue down 2.5 percent. Classified real estate revenue
increased 31 percent in August, the seventh consecutive month it
has increased by double digits. Advertising revenue associated with
The Press Enterprise's Web sites increased almost 40 percent in
August. 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 August 2006 Revenue (Note 1):
(Dollars in thousands) August YTD 2006 2005 Change 2006 2005 Change
Number of Sundays 4 4 --- 35 35 --- Net Operating Revenues
Television Group* 60,730 56,003 8.4% 482,720 450,006 7.3% Newspaper
Group 65,132 65,952 -1.2% 538,407 531,022 1.4% Total Net Operating
Revenues 125,863 121,955 3.2% 1,021,128 981,028 4.1% Television
Group* Spot Revenue 54,435 51,186 6.3% 434,564 408,420 6.4% All
Other Revenue 6,295 4,817 30.7% 48,157 41,586 15.8% Total
Television Group 60,730 56,003 8.4% 482,720 450,006 7.3% Newspaper
Group Ad Revenue 53,228 54,263 -1.9% 442,306 444,312 -0.5% All
Other Revenue 11,904 11,689 1.8% 96,102 86,710 10.8% Total
Newspaper Group 65,132 65,952 -1.2% 538,407 531,022 1.4%
Supplemental Newspaper Advertising Revenue Data August % Change YTD
% Change DMN PJ PE Group DMN PJ PE Group Retail** 3.3% -8.6% -11.5%
-2.1% -8.8% -5.2% -2.2% -6.9% General** 7.5% -28.1% -27.3% -0.8%
4.1% -34.5% -14.3% -1.3% Classified Total -4.4% 1.4% -2.0% -2.6%
-3.2% 3.0% 4.9% 0.0% Automotive -19.3% -19.2% -12.9% -18.1% -16.3%
-15.2% -12.5% -15.5% Employment 1.2% -4.4% -21.5% -6.2% 6.9% -7.1%
-2.7% 1.5% Real Estate 2.8% -0.3% 31.1% 10.3% -3.7% 12.6% 24.0%
8.3% Total Advertising Revenue -2.3% -1.1% -1.7% -1.9% -1.5% 0.6%
1.7% -0.5% 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):
August YTD 2006 2005 Change 2006 2005 Change Number of Sundays 4 4
--- 35 35 --- FULL RUN ROP (Measured in six- column SAU inches) The
Dallas Morning News (Note 2) Retail 62,821 67,989 -7.6% 512,282
603,825 -15.2% General 21,146 22,794 -7.2% 166,763 201,139 -17.1%
Classified 105,185 123,631 -14.9% 914,407 985,439 -7.2% TOTAL
189,153 214,413 -11.8% 1,593,452 1,790,403 -11.0% The Providence
Journal Retail 48,784 56,669 -13.9% 390,137 426,884 -8.6% General
1,907 3,499 -45.5% 20,492 33,891 -39.5% Classified 36,505 42,565
-14.2% 302,193 333,157 -9.3% TOTAL 87,196 102,733 -15.1% 712,822
793,932 -10.2% The Press-Enterprise Retail 18,602 24,139 -22.9%
185,502 203,257 -8.7% General 7,264 10,205 -28.8% 75,037 91,433
-17.9% Classified 74,496 77,800 -4.2% 635,157 635,351 0.0% TOTAL
100,362 112,144 -10.5% 895,696 930,041 -3.7% 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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