December 5, 2005
Belo Signs Distribution Agreement with Yahoo! HotJobs for Job Postings at The Dallas Morning News and The Providence Journal
Agreement Extends Belo's Reach Nationally for Employment Classified Customers; Yahoo! HotJobs Gains Greater Local Market Presence
Dallas, TX - Belo Corp. (NYSE: BLC), one of the nation's largest diversified media companies, announced today that the Company has signed a distribution agreement with Yahoo! HotJobs, a leader in online recruiting. Beginning in early 2006, employers who advertise in The Dallas Morning News and The Providence Journal or on their respective Web sites (www.dallasnews.com, www.projo.com) can automatically have those jobs posted on Yahoo! HotJobs ( www.hotjobs.com). Belo will be Yahoo! HotJobs' exclusive newspaper partner in both markets.
Dunia Shive, Belo's executive vice president, said, "Belo's strong local relationships with advertisers and audiences and Yahoo! HotJobs' extensive national network will create a very competitive offering."
"The combination of Belo and Yahoo! HotJobs job postings will offer local employers a more compelling value proposition. Our customers will be able to access a significantly broader scope of job seekers at all levels and across all industries through Yahoo! HotJobs," she added.
Dan Finnigan, executive vice president and general manager, Yahoo! HotJobs, said, "This relationship recognizes the complementary nature that online recruiting brings to other advertising vehicles, especially for small and medium-sized businesses. Not only will Belo's job postings be included in the Yahoo! HotJobs database (www.hotjobs.com), they will also be available to job seekers through other Yahoo! properties."
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 or firstname.lastname@example.org.
About Yahoo! HotJobs
As a leader in the online recruiting industry, Yahoo! HotJobs (www.hotjobs.com) has revolutionized the way people manage their careers and the way companies hire talent. Yahoo! HotJobs' tools and advice put job seekers in control of their careers and make it easier and more cost-effective for employers and staffing firms to find qualified candidates. In addition to its popular consumer job board, Yahoo! HotJobs provides employers, recruiters, and staffing agencies with progressive recruiting solutions. Additional information is available at www.hotjobs.com or by contacting Lauren Meller at 646-351-5405 or email@example.com.
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; the recovery of the New Orleans market from the effects of Hurricane Katrina; 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.