DALLAS, June 7 /PRNewswire-FirstCall/ -- Belo Corp.
(NYSE: BLC), one of the nation's largest pure-play, publicly-traded
television companies, presented today at Noble Financial's Sixth
Annual Equity Conference.
During the presentation, Carey P.
Hendrickson, Belo's senior vice president and Chief
Financial Officer, said, "Based on current pacing trends, we
believe our total spot revenue could approach a mid-teen increase
in the second quarter of 2010 compared to the second quarter of
2009, which is consistent with what we stated on our first quarter
earnings call. We expect the percentage increase in spot
revenue without political in the second quarter of 2010 versus the
second quarter of 2009 to be higher than the first quarter increase
of 12 percent. Political revenue in the second quarter of
2010 is expected to be considerably lower than the $6.3 million generated in the first quarter of
2010. The light political activity in the second quarter is
mostly a function of the timing of campaigns in our respective
markets. We expect robust political revenue for full-year
2010 with most of this revenue coming in the second half of the
year."
"Belo's automotive category was up 45 percent in the first
quarter of 2010 versus the first quarter of 2009 and we expect the
percentage increase in automotive to finish higher than that in the
second quarter," Hendrickson added.
The full presentation and a replay of the Webcast are archived
on Belo's Web site at 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 www.belo.com or by contacting Paul Fry, vice president/Investor Relations
& Treasury Operations, 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, pension matters, 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, co-owned
ventures, and investments; pension plan matters; 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.
SOURCE Belo Corp.