December 19, 2003
Providence Journal Company pleased with contract vote
Providence, RI -- The Providence Journal Company announced tonight their pleasure with the Providence Newspaper Guild AFL-CIO, Local #31041 vote of 238 to 15 to approve the newspaper's latest contract offer, which extends through December 2007. The Newspaper Guild represents over 400 employees of News, Advertising and other selective operating departments at the Journal.
"We are pleased by the ratification vote and congratulate the Guild executive committee, administrator and both negotiating committees," said Howard G. Sutton, chairman, president and chief executive officer of The Providence Journal Company and publisher of The Providence Journal newspapers.
"This agreement will allow all of us to continue our focus on maintaining The Providence Journal as the premier news and information provider and advertising vehicle for Rhode Island and southeastern New England," added Sutton.
Barbara J. Nauman
About The Providence Journal
The Providence Journal is a Belo Corp. subsidiary. A Fortune 1000 company with more than 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 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, Texas). Belo Interactive's new media businesses include 34 Web sites, several interactive alliances, and a broad range of Internet-based products.
For more information, refer to the contact name/telephone number on this release. Additional information, including earnings releases, is available online at www.belo.com.