May 23, 2002
Belo's monthly Revenue and Statistical Report April 2002
Dallas, TX --Belo Corp. (NYSE: BLC) issued today its statistical report for the month of April. Television Group revenue increased 0.3 percent for the month of April. In the Newspaper Group, April 2001 included one more Sunday than April 2002. Adjusting for the effect of the extra Sunday in April 2001, Newspaper Group revenues decreased approximately 5 percent. Adjusting for the effect of extra Sundays where appropriate, revenue declines for Belo's Newspaper Group have lessened each month in 2002 through April. On a reported basis, Newspaper Group revenue decreased 10.7 percent.
April Newspaper Linage
At The Dallas Morning News, total full-run advertising linage, including preprints and supplements, was down 10.2 percent versus last year. Retail full-run ROP revenue was down 11.3 percent with a 7.4 percent decrease in full-run ROP volume. Decreases were noted in the department store and electronics categories, with increases in the automotive and general merchandise categories. General full-run ROP revenue was down 10.9 percent with a 20.5 percent decrease in full-run ROP volume, primarily due to weakness in the automotive category. Classified revenue was down 23.5 percent with a 12.2 percent decrease in volume, due to continued weakness in classified employment. Classified employment volumes were down 44 percent in April. Classified automotive and real estate volumes were down slightly in April. Preprints and TMC revenue increased 5.5 percent over last year.
At The Providence Journal, total full-run advertising linage, including preprints and supplements, decreased 23.6 percent, while total full-run ROP decreased 11.1 percent. Retail, general and classified volumes, including preprints, decreased 26.9 percent, 21.2 percent and 12.5 percent, respectively.
At The Press-Enterprise, total full-run advertising linage, including preprints and supplements, increased 0.4 percent, while total full-run ROP was down 3.1 percent. Retail volume, including preprints, decreased 13.4 percent, while general and classified linage increased 31.7 percent and 7.8 percent, respectively.
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.