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Belo's Monthly Revenue and Statistical Report July 2003
TO BUSINESS AND RADIO-TELEVISION EDITORS:
DALLAS, Aug. 20 /PRNewswire-FirstCall/ -- Belo Corp. (NYSE: BLC) issued today its statistical report for the month of July. Newspaper Group revenue increased 3.7 percent in July while Television Group revenue increased 0.4 percent. In July 2002, Belo's Television Group recorded $1.8 million in political revenues. Excluding political revenues, Television Group spot revenues increased 3.7 percent.
July Newspaper Linage
At The Dallas Morning News, total revenue increased 3.7 percent in July. Retail full-run ROP revenue decreased 3.6 percent with the most significant decreases in the entertainment and automotive categories. Retail full-run ROP volume decreased 14.3 percent. General full-run ROP revenue increased 35.8 percent with significant increases in the telecom, technology and travel categories. General full-run ROP volume increased 29.8 percent. Classified revenue was down 4.5 percent with a 2.8 percent decrease in volume. Help wanted volumes were down about 32 percent in July with a decrease in classified employment revenue of about 25 percent. Classified automotive revenue was up 5.1 percent and real estate revenue was up 8.6 percent.
At The Providence Journal, total full-run advertising linage, including preprints and supplements, increased 21.2 percent, and total full-run ROP linage increased 4.8 percent. Retail and classified volumes, including preprints, were up 26.8 percent and 12.3 percent, respectively. General volume was down 4.7 percent.
About Belo
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 . 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.
Belo
Monthly Revenue and Statistics
July 2003
Revenue:
(Dollars in thousands)
July YTD
2003 2002 Change 2003 2002 Change
Total Television Group
Revenue 48,774 48,565 0.4% 362,217 360,268 0.5%
Total Newspaper Group
Revenue 57,887 55,802 3.7% 416,208 413,056 0.8%
The Dallas Morning News
Linage:
(Measured in six-column SAU inches)
July
2003 2002 Change
Number of Sundays 4 4
FULL RUN ROP
Retail 59,165 69,069 -14.3%
General 21,555 16,606 29.8%
Classified/Legal 127,074 130,721 -2.8%
TOTAL 207,794 216,396 -4.0%
FULL RUN PREPRINTS
Retail 84,029 114,512 -26.6%
General 7,663 4,004 91.4%
TOTAL 91,692 118,516 -22.6%
TOTAL FULL RUN:
ROP, PREPRINTS AND SUPPLEMENTS
Retail 144,775 186,528 -22.4%
General 29,336 21,069 39.2%
Classified/Legal 127,074 130,721 -2.8%
TOTAL 301,185 338,318 -11.0%
The Dallas Morning News
Linage:
(Measured in six-column SAU inches)
YTD
2003 2002 Change
Number of Sundays 30 30
FULL RUN ROP
Retail 458,826 488,486 -6.1%
General 157,830 154,418 2.2%
Classified/Legal 867,,796 -5.3%
TOTAL 1,484,370 1,558,700 -4.8%
FULL RUN PREPRINTS
Retail 625,027 883,772 -29.3%
General 95,150 76,542 24.3%
TOTAL 720,177 960,314 -25.0%
TOTAL FULL RUN:
ROP, PREPRINTS AND SUPPLEMENTS
Retail 1,100,781 1,392,055 -20.9%
General 255,273 233,285 9.4%
Classified/Legal 867,,796 -5.3%
TOTAL 2,223,768 2,541,136 -12.5%
Circulation (Note 1): Six-month period ended
March 31,
2003 2002 Change
Daily 533,567 529,616 0.7%
Sunday 786,594 776,868 1.3%
Note 1: ABC FAS-FAX circulation figures are the average for the
six months ending March 31, 2003.
Source: Internal Records
The Providence Journal
Linage:
(Measured in six-column SAU inches)
July
2003 2002 Change
Number of Sundays 4 4
FULL RUN ROP
Retail 53,750 53,038 1.3%
General 2,823 3,262 -13.5%
Classified/Legal 36,306 32,337 12.3%
TOTAL 92,879 88,637 4.8%
FULL RUN PREPRINTS
Retail 76,784 49,930 53.8%
General 7,867 7,817 0.6%
TOTAL 84,651 57,747 46.6%
TOTAL FULL RUN:
ROP, PREPRINTS AND SUPPLEMENTS
Retail 130,757 103,115 26.8%
General 10,690 11,215 -4.7%
Classified/Legal 36,306 32,337 12.3%
TOTAL 177,753 146,667 21.2%
The Providence Journal
Linage:
(Measured in six-column SAU inches)
YTD
2003 2002 Change
Number of Sundays 30 30
FULL RUN ROP
Retail 390,624 393,522 -0.7%
General 25,918 26,411 -1.9%
Classified/Legal 244,193 239,102 2.1%
TOTAL 660,735 659,035 0.3%
FULL RUN PREPRINTS
Retail 493,263 386,287 27.7%
General 85,025 88,413 -3.8%
TOTAL 578,288 474,700 21.8%
TOTAL FULL RUN:
ROP, PREPRINTS AND SUPPLEMENTS
Retail 885,627 780,228 13.5%
General 111,049 115,170 -3.6%
Classified/Legal 244,193 239,102 2.1%
TOTAL 1,240,869 1,134,500 9.4%
Circulation (Note 1): Six-month period ended
March 31,
2003 2002 Change
Daily 165,628 164,065 1.0%
Sunday 233,591 232,040 0.7%
Note 1: ABC FAS-FAX circulation figures are the average for the
six months ending March 31, 2003.
Source: Internal Records
SOURCE Belo Corp.
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