February 28, 2002
Belo's monthly Revenue and Statistical Report January 2002
Dallas, TX-- Belo (NYSE: BLC) issued today its statistical report for the month of January. As communicated in Belo's year-end 2001 earnings release, Television Group revenues decreased 7.2 percent for the month of January.
Newspaper Group total revenues were down 11.1 percent, mostly due to lower classified employment revenue at The Dallas Morning News.
January Newspaper Linage
At The Dallas Morning News, total full-run advertising linage, including preprints and supplements, was down 10.7 percent versus last year. Retail volume was up 0.2 percent with increases in the grocery store, sporting goods and home improvement categories offset by decreases in the professional services and electronics categories. General volume was down 16.6 percent, primarily due to weakness in the financial category. Classified volumes were down 20.3 percent with continued weakness in classified employment.
At The Providence Journal, total full-run advertising linage, including preprints and supplements, decreased 10.4 percent, while total full-run ROP was down 7.5 percent. Retail and classified volumes decreased 9.5 percent and 18.7 percent, respectively, while general was up 0.7 percent.
Belo 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 approximately 8,000 employees and $1.4 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.