July 22, 2005
Belo's monthly revenue and statistical report June 2005
Dallas, TX - Belo Corp. (NYSE: BLC) issued today its statistical report for the month of June. Newspaper Group total revenue increased 2.2 percent for the month with advertising revenue up 2.3 percent. Total revenue was down slightly at The Dallas Morning News, increased 3.9 percent at The Providence Journal, and increased 8.7 percent at The Press-Enterprise in Riverside. Television Group revenues decreased 6.5 percent in the month of June.
June Newspaper Linage
At The Dallas Morning News, total revenue decreased slightly in June versus last year, with advertising revenue down 2.1 percent. Retail full-run ROP revenue decreased 0.9 percent with strength in the furniture, real estate, professional services and restaurants categories offset by weakness in the computers, entertainment and grocery categories. Retail full-run ROP linage decreased 4.8 percent. General full-run ROP revenue decreased 18.9 percent with a significant increase in automotive more than offset by decreases in the telecom and travel categories. General full-run ROP volume increased 1.1 percent. Classified revenue increased 2.5 percent versus the prior year with a 6.2 percent decrease in volume. Classified employment revenue and classified real estate revenue increased 23.7 percent and 10.1 percent, respectively, while classified automotive revenue decreased 17.2 percent.
At The Providence Journal, advertising revenue increased 6.2 percent in June versus June 2004 with a 3.9 percent increase in total revenue. Total full-run ROP linage increased 1.8 percent. Retail volumes increased 7.3 percent while general and classified volumes decreased 15.9 percent and 2.3 percent, respectively.
At The Press-Enterprise, advertising revenues were up 13.8 percent for June with total revenue up 8.7 percent. The impressive ad revenue growth at The Press-Enterprise was led by another strong month in classified real estate.
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.