July 24, 2002
Belo's monthly Revenue and Statistical Report June 2002
Dallas, TX --Belo Corp. (NYSE: BLC) issued today its statistical report for the month of June. Television Group revenue increased 8.2 percent for the month of June with a 9.1 percent increase in spot revenue. In the Newspaper Group, revenue increased 6.7 percent with a 6.5 percent increase in advertising revenue. June of 2002 included one more Sunday than June of 2001.
June Newspaper Linage
At The Dallas Morning News, total full-run advertising linage, including preprints and supplements, was up 9.2 percent versus last year. Retail full-run ROP revenue was up 4.6 percent with a 5.3 percent increase in full-run ROP volume. Increases were noted in the entertainment, grocery and automotive categories, with decreases in the general merchandise and apparel categories. General full-run ROP revenue was up 10.1 percent with a 2.6 percent decrease in full-run ROP volume, with significant revenue increases in the financial and travel categories. Classified revenue was down 4.1 percent with a 7.5 percent decrease in volume with weakness in classified employment. Classified employment volumes were down about 40 percent on a "like days" basis in June. Classified real estate volume was up slightly in June, with classified automotive down 4.9 percent. Preprints and TMC revenue increased 26.6 percent over last year.
At The Providence Journal, total full-run advertising linage, including preprints and supplements, decreased 8.1 percent, while total full-run ROP decreased 3.1 percent. Retail and classified volumes, including preprints, decreased 10.4 percent and 8.3 percent, respectively. General volume was up 11.6 percent.
At The Press-Enterprise, total full-run advertising linage, including preprints and supplements, increased 11.4 percent, while total full-run ROP was up 10.2 percent. Retail and general and classified volumes, including preprints, increased 6.1 percent, 20.9 percent and 13.7 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.