May 18, 2005
Belo's monthly revenue and statistical report April 2005
Dallas, TX -- Belo Corp. (NYSE: BLC) issued today its statistical report for the month of April. Newspaper Group advertising revenues increased 4.5 percent for the month of April versus the prior year with an increase in total revenue of 3.9 percent. Total revenue increased 1.1 percent at The Dallas Morning News, 6.5 percent at The Providence Journal, and 10.8 percent at The Press-Enterprise in Riverside. Television Group revenues decreased 3.7 percent with a 4.8 percent decrease in spot revenue. Spot revenue excluding political revenue decreased 0.3 percent in April.
April Newspaper Linage
At The Dallas Morning News, total revenue increased 1.1 percent in April versus last year, with advertising revenue down 0.4 percent. Retail full-run ROP revenue decreased 4.1 percent with increases in the furniture and automotive categories offset by decreases in the entertainment and educational categories. Retail full-run ROP linage increased 5.6 percent. General full-run ROP revenue decreased 11.0 percent partially due to a difficult comparison to April 2004, which was up 17.9 percent versus April 2003, and softness in the telecom category. General full-run ROP volume increased 10.5 percent. Classified revenue increased 7.2 percent versus the prior year with a 15.5 percent increase in volume. Classified employment revenue and classified real estate revenue increased 19.7 percent and 22.4 percent, respectively, while classified automotive revenue decreased 8.5 percent.
At The Providence Journal, advertising revenue increased 9.2 percent in April versus April 2004 with a 6.5 percent increase in total revenue. Total full-run ROP linage increased 1.8 percent. Retail volumes decreased 0.6 percent, general volumes decreased 14.6 percent and classified volumes increased 7.8 percent.
At The Press-Enterprise, advertising revenues were up 17 percent for April with total revenue up 10.8 percent. Ad revenues at The Press-Enterprise continue to benefit from the strong real estate market in the Riverside area.
Belo Corp. 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 7,600 employees and $1.5 billion in annual revenues, Belo operates in some of America's most dynamic markets in Texas, the Northwest, the Southwest, Rhode Island, and the Mid-Atlantic. Belo owns 19 television stations, six of which are in the 15 largest U.S. broadcast markets. The Company also owns or operates seven cable news channels and manages one television station through a local marketing agreement. Belo's daily newspapers are The Dallas Morning News, The Providence Journal, The Press-Enterprise (Riverside, CA) and the Denton Record-Chronicle (Denton, TX). The Company also publishes specialty publications targeting young adults, affluent populations and the fast-growing Hispanic market, including Quick and al dia in Dallas/Fort Worth, and the d, El D and La Prensa in Riverside. Belo operates more than 30 Web sites associated with its operating companies. Additional information is available at www.belo.com or by contacting Carey Hendrickson, vice president/Investor Relations & Corporate Communications, at 214-977-6626.
Statements in this communication concerning Belo's business outlook or future economic performance, anticipated profitability, revenues, expenses, capital expenditures, investments, future financings or other financial and non-financial items 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 capital market conditions and prospects, and other factors such as changes in advertising demand, interest rates and newsprint prices; newspaper circulation matters, including changes in readership, and audits and related actions (including the censure of The Dallas Morning News) by the Audit Bureau of Circulations; technological changes, including the transition to digital television and the development of new systems to distribute television and other audio-visual content; development of Internet commerce; industry cycles; changes in pricing or other actions by competitors and suppliers; regulatory changes; adoption of new accounting standards or changes in existing accounting standards by the Financial Accounting Standards Board or other accounting standard-setting bodies or authorities; the effects of Company acquisitions and dispositions; general economic conditions; and significant armed conflict, as well as other risks detailed in Belo's other public disclosures, and filings with the Securities and Exchange Commission ("SEC"), including the Annual Report on Form 10-K.