Television Company Belo Corp. (BLC) Presents at J.P. Morgan Conference
March 01 2010 - 10:15AM
PR Newswire (US)
DALLAS, March 1 /PRNewswire-FirstCall/ -- Belo Corp. , one of the
nation's largest pure-play, publicly-traded television companies,
presented today at the J.P. Morgan Global High Yield &
Leveraged Finance Conference. During the presentation, Dunia A.
Shive, Belo's president and Chief Executive Officer, provided an
update on the first quarter of 2010. Looking at the first quarter
of 2010 compared to the first quarter of 2009, Shive said, "Total
spot revenue was up more than 9 percent in January and will be up a
greater percentage in February due to the Olympics airing on our
four NBC stations and the Super Bowl airing on our five CBS
stations. On our year-end earnings call on February 4, 2010, we
said first quarter spot revenue was pacing up in the low
double-digits. Based on how we're tracking today, first quarter
spot revenue is now pacing up closer to the mid-teen level. Belo's
automotive category is currently pacing up more than 40 percent in
the first quarter." The slides and full text of the presentation
are available on Belo's Web site on the Investor Relations page at
http://www.belo.com/. About Belo Corp. Belo Corp. (BLC), one of the
nation's largest pure-play, publicly-traded television companies,
owns and operates 20 television stations (nine in the top 25
markets) and their associated Web sites. Belo stations, which
include affiliations with ABC, CBS, NBC, FOX, CW and MyNetwork TV,
reach more than 14 percent of U.S. television households in 15
highly- attractive markets. Belo stations rank first or second in
nearly all of their local markets. Additional information is
available at http://www.belo.com/ or by contacting Paul Fry, vice
president/Investor Relations & Corporate Communications, at
214-977-6835. Statements in this communication concerning Belo's
business outlook or future economic performance, anticipated
profitability, revenues, expenses, capital expenditures,
investments, future financings, impairments, and 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,
uncertainties regarding the costs, consequences (including tax
consequences) and other effects of the Company's spin-off
distribution of its newspaper businesses and related assets to A.
H. Belo Corporation and the associated agreements between the
Company and A. H. Belo relating to various matters; changes in
capital market conditions and prospects, and other factors such as
changes in advertising demand, interest rates and programming and
production costs; changes in viewership patterns and demography,
and actions by Nielsen; changes in the network-affiliate business
model for broadcast television; technological changes, and the
development of new systems to distribute television and other
audio-visual content; changes in the ability to secure, and in the
terms of, carriage of Belo programming on cable, satellite,
telecommunications and other program distribution methods;
development of Internet commerce; industry cycles; changes in
pricing or other actions by competitors and suppliers; Federal
Communications Commission and other regulatory, tax and legal
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, dispositions and co-owned
ventures; general economic conditions; and significant armed
conflict, as well as other risks detailed in Belo's other public
disclosures and filings with the SEC including Belo's Annual Report
on Form 10-K/A. DATASOURCE: Belo Corp. CONTACT: Paul Fry, vice
president/Investor Relations & CorporateCommunications of Belo
Corp., +1-214-977-6835 Web Site: http://www.belo.com/
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