February 9, 2001
Belo's monthly Revenue and Statistical Report December 2000
DALLAS - Belo (NYSE: BLC) issued today its statistical report for the month of December. Pro forma quarterly segment revenues and operating cash flows for 2000 are included as an addendum to this month's statistical report. The pro forma numbers exclude the effects of non-recurring items and dispositions that occurred in 2000. They are also adjusted to allocate intercompany advertising revenues and expenses that were originally reported separately to the appropriate operating segments, to conform with how the results will be reported prospectively.
Broadcast Division revenues decreased 6 percent for the month of December on a pro forma basis.
Publishing Division total revenues were up 5.9 percent in December on a pro forma basis with advertising revenues up 6.4 percent.
December Newspaper Linage
At The Dallas Morning News, total full-run advertising linage, including preprints and supplements, was down 4.5 percent over last year. General and Classified were up 0.4 percent and 7.7 percent, respectively, while Retail was down 10.8 percent.
Full-run ROP decreased 0.8 percent relative to the prior year. Classified full-run ROP was up 7.7 percent, while Retail and General full-run ROP were down 9.8 percent and 0.7 percent, respectively. Classified employment volumes decreased 7.8 percent for December, while year-to-date growth through December was up approximately 3 percent over the prior year.
At The Providence Journal, total full-run advertising linage, including preprints and supplements, decreased 7.9 percent, while total full-run ROP was down 2.0 percent. Retail ROP volume decreased 3.1 percent. General ROP volumes were up 18.2 percent. Total classified volume decreased 2.2 percent for the month.
Belo is one of the nation's largest media companies with a diversified group of market-leading broadcasting, publishing, cable and interactive media assets. A Fortune 1000 company with more than 9,000 employees and $1.5 billion in annual revenues, Belo operates news and information franchises in some of America's most dynamic markets and regions, including Texas, the Northwest, Arizona, Southern California, Rhode Island, and the Mid-Atlantic region. Belo owns 17 television stations (six in the top 17 markets) reaching 13.7 percent of U. S. television households; owns or operates six cable news channels; and manages three television stations through local marketing agreements. Belo publishes five daily newspapers including The Dallas Morning News, The Providence Journal and The Press-Enterprise (Riverside, CA.). Belo Interactive's new media businesses include 38 Web sites, several interactive alliances, and a broad range of Internet-based products.
For more information contact Carey Hendrickson, Belo's vice president of investor relations, at 214-977-6606. Additional information, including earnings releases, is available online at http://www.belo.com.
Statements in this report concerning the Company's business outlook or future economic performance, anticipated profitability, revenues, expenses, capital expenditures, investments, or other financial or operating items and other statements 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 advertising demand, interest rates and newsprint prices; technological changes; development of Internet commerce; industry cycles; changes in pricing or other actions by competitors and suppliers; regulatory changes; the effects of Company acquisitions and dispositions; and general economic conditions, as well as other risks detailed in the Company's filings with the Securities and Exchange Commission ("SEC"), including the Annual Report or Form 10-K.