By: Staff reports
Newspaper, Broadcast Revenues Up
Dallas-based Belo reported first-quarter profits of $15.4 million, up from $12.6 million
in the year-ago period. The company beat analysts’ earnings per share predictions by 2
Newspaper publishing revenue rose by more than 6% to $206.1 million, with exceptional
growth reported at The Press-Enterprise in Riverside, Calif.
Total broadcast revenues were up 8.6% to $153 million, thanks to Super Bowl advertising
on the company’s ABC stations, and dot-com advertising totaling $4 million.
Belo Interactive generated $2.2 million in revenues for the quarter, offset by an operating
cash flow deficit of $3.3 million.
Belo owns 18 TV stations and eight daily newspapers.
Previous 1st quarter earnings reports:
WASHINGTON POST CO. PROFITS FALL 47% (04/25/00)
CLASSIFIED, WEB REVENUE DRIVE RESULTS AT LEE (04/21/00)
KNIGHT RIDDER EARNINGS UP 9.6% (04/20/00)
CENTRAL EARNINGS BEATS ESTIMATES (04/20/00)
TRIBUNE POSTS RECORD EARNINGS (04/17/00)
NEW YORK TIMES CO. STARTS 2000 RIGHT (04/14/00)
DOW JONES BLOWS AWAY EXPECTATIONS (04/12/00)
MEDIA GENERAL REPORTS 31% EPS INCREASE (04/11/00)
CATEGORY TV LEADS SCRIPPS EARNINGS (04/11/00)
GANNETT REPORTS FIRST QUARTER EARNINGS (04/10/00)
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