DALLAS, Dec. 18 /PRNewswire-FirstCall/ -- Belo Corp. (NYSE:BLC)
today issued its statistical report for the month of November.
Consolidated revenue for November increased 8.6 percent versus
November of last year. Television Group revenue increased 19
percent in November versus last year, with a 19 percent increase in
spot revenue. National spot increased 15 percent versus November of
the prior year, local spot decreased 2.1 percent and political
revenues were $10.6 million. Advertising revenues from Belo's
Television Group Web sites increased 62 percent in November 2006
versus November 2005. Newspaper Group total revenue decreased 0.9
percent for the month of November versus the prior year, with
advertising revenue flat in comparison to the same period last
year. Online advertising revenue, which is included in advertising
revenue, increased 36 percent in November 2006 versus November
2005. At The Dallas Morning News, total revenue was flat in
November versus last year, including an estimated $0.9 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, increased 0.6 percent in
November 2006 versus November 2005. Interactive advertising revenue
was strong again in November and rose by 27 percent. Retail
full-run ROP revenue decreased 0.4 percent with strength in the
furniture and construction categories offset by weakness in the
department stores and general merchandise categories. General
full-run ROP revenue increased 15 percent in November versus last
year with strength in the media and telecom categories. Classified
revenue decreased 14 percent versus the prior year with decreases
in the classified employment, classified real estate and classified
automotive categories. Part-run advertising surged 49 percent in
November on the strength of record revenues for F!D Luxe, a
high-end fashion publication, the redesigned zoned Metro editions
and Neighbors, a group of micro-local community publications. At
The Providence Journal, advertising revenue decreased 1.8 percent
in November 2006 versus November 2005, with total revenue down 2.9
percent. Part-run advertising increased 10 percent versus the same
period last year. Interactive advertising revenue in Providence
increased 70 percent in November 2006 versus last year led by a 77
percent increase in online classified employment. At The
Press-Enterprise, advertising revenue decreased slightly in
November 2006 versus November 2005 with total revenue down 1.8
percent. Classified real estate revenue increased 15 percent in
November, the tenth consecutive month it has increased by double
digits. Part-run advertising increased 14 percent versus the same
period last year. Advertising revenue associated with The Press
Enterprise's Web sites increased more than 50 percent in November.
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 7,400 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 November 2006 Revenue (Note 1):
(Dollars in thousands) November YTD 2006 2005 Change 2006 2005
Change Number of Sundays 4 4 --- 48 48 --- Net Operating Revenues
Television Group* 78,047 65,489 19.2% 708,063 642,359 10.2%
Newspaper Group 72,274 72,964 -0.9% 747,531 749,797 -0.3% Total Net
Operating Revenues 150,321 138,453 8.6% 1,455,594 1,392,156 4.6%
Television Group* Spot Revenue 71,127 59,711 19.1% 640,382 579,360
10.5% All Other Revenue 6,920 5,778 19.8% 67,681 62,999 7.4% Total
Television Group 78,047 65,489 19.2% 708,063 642,359 10.2%
Newspaper Group Ad Revenue 61,114 61,114 0.0% 616,002 626,491 -1.7%
All Other Revenue 11,160 11,850 -5.8% 131,529 123,306 6.7% Total
Newspaper Group 72,274 72,964 -0.9% 747,531 749,797 -0.3%
Supplemental Newspaper Advertising Revenue Data November % Change
DMN PJ PE Group Retail** -0.4% -8.5% -6.6% -3.6% General** 14.7%
-14.5% -8.0% 9.7% Classified Total -13.6% -1.0% -3.1% -8.6%
Automotive -21.4% -22.6% -12.4% -20.0% Employment -12.0% -5.3%
-25.1% -14.1% Real Estate -12.9% -12.0% 14.5% -4.3% Total
Advertising Revenue 0.6% -1.8% -0.1% 0.0% YTD % Change DMN PJ PE
Group Retail** -7.1% -5.5% -4.7% -6.3% General** -1.2% -34.1%
-16.4% -5.5% Classified Total -5.2% 2.0% 4.0% -1.6% Automotive
-16.4% -16.9% -13.2% -15.9% Employment 2.5% -7.1% -6.7% -1.8% Real
Estate -5.7% 6.3% 25.4% 6.3% Total Advertising Revenue -2.6% -0.9%
0.5% -1.7% 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 Linage (Note 1):
November YTD 2006 2005 Change 2006 2005 Change Number of Sundays 4
4 --- 48 48 --- FULL RUN ROP (Measured in six-column SAU inches)
The Dallas Morning News (Note 2) Retail 75,047 79,775 -5.9% 723,364
839,942 -13.9% General 21,922 26,485 -17.2% 227,672 285,595 -20.3%
Classified 93,731 113,273 -17.3% 1,232,849 1,357,780 -9.2% TOTAL
190,700 219,533 -13.1% 2,183,885 2,483,317 -12.1% The Providence
Journal Retail 60,491 66,040 -8.4% 559,178 611,805 -8.6% General
2,241 2,912 -23.0% 27,075 44,235 -38.8% Classified 34,063 39,774
-14.4% 415,619 462,186 -10.1% TOTAL 96,795 108,726 -11.0% 1,001,872
1,118,226 -10.4% The Press-Enterprise Retail (Note 3) 25,572 30,296
-15.6% 251,507 287,102 -12.4% General 10,009 11,427 -12.4% 101,657
127,234 -20.1% Classified 71,744 75,945 -5.5% 869,236 882,792 -1.5%
TOTAL 107,325 117,668 -8.8% 1,222,400 1,297,128 -5.8% 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. Note 3: 2006 year-to-date figures
have been adjusted to reflect a change in retail linage in October.
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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