November 20, 2002
Belo's monthly Revenue and Statistical Report October 2002
Dallas, TX -- Belo Corp. (NYSE: BLC) issued today its statistical report for the month of October. Television Group revenue increased 33.1 percent for the month of October with a 35.3 percent increase in spot revenue. Belo's Television Group generated $21.9 million of political revenue in October 2002. Newspaper Group total revenue was up 5.2 percent with a 6.2 percent increase in advertising revenue.
October Newspaper Linage
At The Dallas Morning News, total full-run advertising linage, including preprints and supplements, was up 4.6 percent versus last year. Retail full-run ROP revenue increased 8.8 percent with a 12.8 percent increase in full-run ROP volume.
Significant increases were noted in the furniture, movies and apparel categories. General full-run ROP revenue was down 3.8 percent with a 6.3 percent decrease in full-run ROP volume, with the most significant decreases in the travel, mail order and automotive categories.
Significant increases were noted in the technology and financial categories. Classified revenue was down 3.2 percent with a 10.5 percent decrease in volume.
Classified employment volume was down 33 percent with a 16.8 percent decrease in revenue.
Classified automotive revenue was up 1.7 percent and classified real estate revenue increased 6.7 percent. Preprints and TMC revenue increased 25.1 percent over last year.
At The Providence Journal, total full-run advertising linage, including preprints and supplements, increased 4.6 percent, while total full-run ROP decreased 2.7 percent. General and classified volumes, including preprints, were down 2.8 percent and 10.9 percent, respectively. Retail volume, including preprints, increased 10.1 percent.
At The Press-Enterprise, total full-run advertising linage, including preprints and supplements, increased 7.3 percent, while total full-run ROP was up 2.9 percent. Retail and general volumes, including preprints, increased 14.3 percent and 26.3 percent, respectively. Classified volume, including preprints, decreased 6.3 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.