November 19, 2003
Belo's monthly revenue and statistical report October 2003
Dallas, TX-- Belo Corp. (NYSE: BLC) issued today its statistical report for the month of October. Newspaper Group revenue increased 4.1 percent in October while Television Group revenue decreased 17.5 percent. In October 2002, Belo's Television Group recorded $21.9 million in political revenues versus $2.8 million in October 2003. Excluding political revenues, Television Group spot revenues increased 12.8 percent with a 15.5 percent increase in local revenues and an 8.3 percent increase in national revenues.
October Newspaper Linage
At The Dallas Morning News, total revenue increased 3.4 percent in October with a 2.4 percent increase in advertising revenues. Retail full-run ROP revenue increased 1.8 percent with increases in the entertainment and computers categories more than offseting decreases in the apparel and department stores categories. Retail full-run ROP volume decreased 2.5 percent. General full-run ROP revenue increased 10.9 percent with the most significant increases in the financial, telecom and automotive categories. General full-run ROP volume increased 5.4 percent. Classified revenue decreased 4.0 percent versus last year with a 3.6 percent decrease in volume. Help wanted volumes were down about 3 percent in October on a comparable basis, due mostly to easier comparisons from October 2002. Classified automotive revenue was down 2.5 percent and real estate revenue was down 0.7 percent.
At The Providence Journal, total full-run advertising linage, including preprints and supplements, increased 16.9 percent, and total full-run ROP linage increased 11.0 percent. Retail and classified volumes, including preprints, were up 19.0 percent and 18.8 percent, respectively. General volumes, including preprints, were down 1.7 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 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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