‘Dallas Morning News’ Drags Down Belo in October

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By: E&P Staff

Belo announced today that revenues for its Newspaper Group increased 7.1% for the month of October, compared to the same period last year. Advertising revenue grew 6.7%.

On a same-basis comparison though, adjusting for the one extra Saturday and Sunday in October this year, the newspaper group revenue rose 1.4%, dragged down by The Dallas Morning News, which dropped 4.1%. The Providence Journal grew 7.1% and The Press-Enterprise in Riverside, Calif., increased 15.4%.

Total revenue at the Morning News rose 1.4% for the month of October (not adjusted). Advertising revenue came in flat. The company also reported that advertisers took advantage of about $1.6 million in advertising credits offered in the compensation plan related to circulation misstatements. Retail revenue at the paper sank 7.9%. General advertising revenue grew 2.1% on gains in the telecom and professional services categories. Classified revenue grew 1.9%. On a like-day basis, classified revenue dropped 8.2%.

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