Belo Up in July; ‘Dallas Morning News’ Mixed

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By: E&P Staff

Belo reported today that consolidated revenue for July grew 1.9% compared to the same period last year. Revenue for the television group declined 7.1% due to the absence of political advertising.

The newspaper group’s total revenue advanced 10.1% and its total advertising revenue increased 11.4%. July 2005 included one more Sunday than July 2004. Adjusting for the extra Sunday, total revenue at the newspaper group grew 4.2%.

On a like-days basis, total revenue at The Dallas Morning News was up 2.4%. Advertising revenue rose 1%. Retail full run ROP grew 1.9% with significant increases in the video and music and furniture categories offset by declines in the automotive category. General full run ROP grew 23.1% with increases in the financial and automotive categories. On a like-days basis, classified revenue declined 3.3%. Within that category help wanted was up 10% while real estate and automotive declined 1.8% and 16% respectively.

On a like-days basis, total revenue at The Providence Journal was up 8.4% and advertising revenue increased 9.3%. Classified real estate made significant gains, up 41%. Classified automotive was up 6.3%.

At The Press-Enterprise in Riverside, Calif. total revenue was up 5.4% and advertising revenue grew 10% on a like-days basis. Classified real estate revenue jumped 70% against a tough comparison: in July 2004, real estate revenue was up 70% on a like-days basis versus July 2003.

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