October 25, 2001
Belo's monthly Revenue and Statistical Report September 2001
Dallas, TX-- Belo(NYSE: BLC) issued today its statistical report for the month of September.
Television Group revenues decreased 31.2 percent for the month of September on a pro forma basis. This revenue decline reflects estimated revenue losses specifically related to the September 11 terrorist attacks of just under $9 million and a decrease in political revenues of $7 million. Newspaper Group total revenues were down 10 percent in September on a pro forma basis. September 2001 had one more Sunday than September 2000.
Excluding the effect of the extra Sunday this year, Newspaper Group revenues were down approximately 16 percent. The Newspaper Group's revenue loss specifically related to the attacks was about $2 million.
September Newspaper Linage
At The Dallas Morning News, total full-run advertising linage, including preprints and supplements, was down 10.9 percent versus last year. Retail was down 7.8 percent with decreases in the department store, electronics and entertainment categories.
General volume was down 17.8 percent primarily due to the loss of .com advertising and weakness in the telecom and travel categories. Classified volumes were down 12.8 percent with continued weakness in classified employment.
At The Providence Journal, total full-run advertising linage, including preprints and supplements, decreased 8.3 percent, while total full-run ROP was down 10.5 percent. Retail and classified volumes decreased 9.5 percent and 7.3 percent, respectively. General volume was up 5.3 percent.
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 8,000 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, the Southwest, Rhode Island, and the Mid-Atlantic region. Belo owns 18 television stations (six in the top 16 markets) reaching 13.9 percent of U.S. television households; owns or operates six cable news channels; and manages two television stations through local marketing agreements. Belo publishes four daily newspapers: The Dallas Morning News, The Providence Journal, The Press-Enterprise (Riverside, CA.) and the Denton Record-Chronicle (Denton, TX.). Belo Interactive's new media businesses include 34 Web sites, several interactive alliances, and a broad range of Internet-based products. For more information, contact Carey Hendrickson, vice president of investor relations, at 214-977-6606. Additional information, including earnings releases, is available online at www.belo.com.
Statements in this communication concerning the Company's business outlook or future economic performance, anticipated profitability, revenues, expenses, capital expenditures or other financial 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 on Form 10-K.