April 25, 2002
Belo's monthly Revenue and Statistical Report March 2002
Dallas, TX --Belo Corp. (NYSE: BLC) issued today its statistical report for the month of March. Television Group revenue decreased 5 percent for the month of March, while Newspaper Group revenue increased 2.9 percent. March 2002 included one more Sunday than March 2001. Adjusting for the effect of the extra Sunday in March 2002, Newspaper Group revenues would have decreased approximately 5 percent.
March Newspaper Linage
At The Dallas Morning News, total full-run advertising linage, including preprints and supplements, was up 3.6 percent versus last year. Retail full-run ROP revenue was down 2.4 percent with a 1.3 percent increase in full-run ROP volume.
Increases were noted in the grocery store and general merchandise categories, offset by decreases in the department store and electronics categories.
General full-run ROP revenue was down 9.0 percent with a 9.5 percent decrease in full-run ROP volume, primarily due to weakness in the financial category. Classified revenue was down 8.6 percent with an 8.4 percent decrease in volume, due to continued weakness in classified employment. Classified automotive revenues were up 23 percent and classified real estate revenues were up 10 percent versus the prior year. Preprints revenue increased 3.7 percent over last year.
At The Providence Journal, total full-run advertising linage, including preprints and supplements, decreased 2.1 percent, while total full-run ROP increased 0.9 percent. Retail, general and classified volumes decreased 0.4 percent, 4.9 percent and 6.2 percent, respectively.
At The Press-Enterprise, total full-run advertising linage, including preprints and supplements, increased 8.9 percent, while total full-run ROP was up 10.8 percent. Retail and classified volumes increased 7.0 percent and 15.0 percent, respectively, while general linage decreased 2.0 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 7,800 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 19 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 one television station through a local marketing agreement. 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.