DALLAS, Feb. 8 /PRNewswire-FirstCall/ -- Belo Corp. (NYSE:BLC)
today issued its revenue and statistical report for the month of
December 2006. Consolidated revenue for December 2006 decreased 0.7
percent versus December 2005. Television Group revenue increased
2.3 percent in December 2006 versus the prior year, with a 0.6
percent increase in spot revenue. National spot increased 4.8
percent, local spot decreased 2.2 percent and political revenues
were $0.3 million. Advertising revenues from Belo's Television
Group Web sites increased 27 percent in December 2006 versus
December 2005. Newspaper Group total revenue decreased 3.2 percent
for the month of December versus the prior year, with a 4.1 percent
decrease in advertising revenue. December 2006 had one more Sunday
than December 2005. Adjusting for the additional Sunday, Newspaper
Group total and advertising revenue were down approximately 7.8
percent and 9.5 percent, respectively. On a reported basis, online
advertising revenue from Belo's Newspaper Group Web sites, which is
included in advertising revenue, increased 44 percent in December
2006 versus December 2005. At The Dallas Morning News, total
revenue decreased 2.7 percent in December 2006 versus the prior
year, including an estimated $0.8 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 4.2 percent in December
2006 versus December 2005. Adjusting for the additional Sunday in
December 2006, total revenue and advertising revenue declined about
7.5 percent and 9.9 percent, respectively. On a reported basis,
online advertising revenue increased 43 percent. Retail full-run
ROP revenue decreased 6.2 percent with weakness in the department
stores and general merchandise categories and strength in the
entertainment and grocery categories. General full-run ROP revenue
decreased 21 percent in December versus last year with weakness in
the automotive and financial categories. Classified revenue
decreased 9.0 percent versus the prior year with decreases in the
classified real estate and classified automotive categories and an
increase in classified employment. Preprint revenue increased 9.0
percent over December 2005 and part-run advertising rose 40 percent
on the strength of revenues for the redesigned zoned Metro editions
and Neighbors, a group of micro-local community publications, and
F!DLuxe, a high-end fashion publication. At The Providence Journal,
advertising revenue decreased 1.8 percent in December 2006 versus
December 2005, with total revenue down 1.2 percent. Adjusting for
the additional Sunday in December 2006, advertising revenue and
total revenue declined about 9.1 percent and 7.5 percent,
respectively. Online advertising revenue increased 50 percent on a
reported basis in December 2006 versus December 2005 led by a 101
percent increase in online classified employment. At The
Press-Enterprise, advertising revenue decreased 6.8 percent in
December 2006 versus December 2005 with total revenue down 7.6
percent. Adjusting for the additional Sunday in December 2006,
advertising revenue and total revenue declined about 8.5 percent
and 9.0 percent, respectively. On a reported basis, advertising
revenue associated with The Press-Enterprise's Web sites increased
41 percent in December. 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 7,100 employees and $1.6
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 December 2006 Revenue (Note 1):
(Dollars in thousands) December YTD 2006 2005 Change 2006 2005
Change Number of Sundays 5 4 1 53 52 1 Net Operating Revenues
Television Group* 62,476 61,067 2.3% 770,539 703,426 9.5% Newspaper
Group 70,202 72,547 -3.2% 817,733 822,344 -0.6% Total Net Operating
Revenues 132,678 133,614 -0.7% 1,588,272 1,525,770 4.1% Television
Group* Spot Revenue 55,573 55,215 0.6% 695,955 634,575 9.7% All
Other Revenue 6,904 5,852 18.0% 74,584 68,851 8.3% Total Television
Group 62,476 61,067 2.3% 770,539 703,426 9.5% Newspaper Group Ad
Revenue 58,138 60,649 -4.1% 674,140 687,140 -1.9% All Other Revenue
12,064 11,898 1.4% 143,593 135,204 6.2% Total Newspaper Group
70,202 72,547 -3.2% 817,733 822,344 -0.6% Supplemental Newspaper
Advertising Revenue Data December % Change DMN PJ PE Group Retail**
-6.2% -10.3% -14.9% -8.6% General** -20.7% -7.2% -10.9% -19.2%
Classified Total -9.0% 8.4% -8.8% -5.8% Automotive -20.0% -12.9%
-5.4% -17.5% Employment 3.4% 6.4% -10.3% 0.8% Real Estate -12.9%
-1.9% -8.7% -9.0% Total Advertising Revenue -4.2% -1.8% -6.8% -4.1%
YTD % Change DMN PJ PE Group Retail** -7.0% -6.0% -5.8% -6.6%
General** -3.4% -32.6% -16.0% -7.0% Classified Total -5.5% 2.4%
3.1% -1.8% Automotive -16.8% -16.7% -12.7% -16.0% Employment 2.6%
-6.4% -6.9% -1.6% Real Estate -6.1% 5.8% 22.9% 5.4% Total
Advertising Revenue -2.8% -1.0% -0.1% -1.9% 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): December YTD 2006 2005 Change
2006 2005 Change Number of Sundays 5 4 1 53 52 1 FULL RUN ROP
(Measured in six-column SAU inches) The Dallas Morning News (Note
2) Retail 78,138 89,900 -13.1% 801,501 929,842 -13.8% General
26,745 36,138 -26.0% 254,417 321,733 -20.9% Classified 94,337
118,150 -20.2% 1,327,186 1,475,930 -10.1% TOTAL 199,220 244,188
-18.4% 2,383,104 2,727,505 -12.6% The Providence Journal Retail
61,857 73,856 -16.2% 621,035 685,661 -9.4% General 1,988 2,942
-32.4% 29,063 47,177 -38.4% Classified 31,519 33,807 -6.8% 447,138
495,993 -9.8% TOTAL 95,364 110,605 -13.8% 1,097,236 1,228,831
-10.7% The Press- Enterprise Retail 26,057 33,707 -22.7% 277,564
320,809 -13.5% General 9,652 11,895 -18.9% 111,309 139,129 -20.0%
Classified 64,413 71,763 -10.2% 933,649 954,555 -2.2% TOTAL 100,122
117,365 -14.7% 1,322,522 1,414,493 -6.5% 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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