April 23, 2003
Belo's monthly Revenue and Statistical Report March 2003
Dallas, TX --Belo Corp. (NYSE: BLC) issued today its statistical report for the month of March. Television Group revenue decreased 2.8 percent for the month of March while Newspaper Group revenue decreased 3.6 percent.
March Newspaper Linage
At The Dallas Morning News, total revenue decreased 6.1 percent in March. Retail full-run ROP revenue was down 9.4 percent with a 9.2 percent decrease in full-run ROP volume. The most significant decreases were in the department stores and furniture categories. Decreases in travel and technology categories led to a decrease in general full-run ROP revenue of 10.3 percent.
General full-run ROP volume decreased 13.8 percent. Classified revenue was down 9.3 percent with an 8.4 percent decrease in volume. Help wanted volumes were down about 26 percent in March on a comparable basis with a decrease in classified employment revenue of 25.6 percent. Classified automotive revenue was down 14.6 percent and classified real estate revenue increased 21.1 percent.
At The Providence Journal, total full-run advertising linage, including preprints and supplements, increased 12.9 percent, and total full-run ROP decreased 2.1 percent. Retail and classified volumes, including preprints, were up 18.9 percent and 1.1 percent, respectively. General volume was down 5.5 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 13.7 percent of U.S. television households; owns or operates nine 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.
Statements in this communication concerning the Company's business outlook or future economic performance, anticipated profitability, revenues, expenses, capital expenditures, investments, commitments, or other financial or operating 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; general economic conditions; and the armed conflict in Iraq or other significant armed conflict, 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.
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