BELO EARNINGS IN LINE WITH ESTIMATES

Posted Thursday, October 26, 2000 12:00 am

By: Staff Reports Broadcast Revenue Boosted By Olympics

Dallas Morning News publisher Belo said its earnings rose 5.6% in the third quarter as the company increased its Internet investments and acquisition-related costs.

Profits were $17.5 million, or 15 cents per share, up a penny from last year and in line with analysts' estimates.

Total revenue rose 13% to $390.3 million; adjusted for television acquisitions and dispositions, revenue rose 9.1%.

Newspaper publishing revenue rose 7.9% to $218 million, led by growth in Dallas and Riverside, Calif.

On an adjusted basis, broadcast revenue rose 12.8% to $169.9 million on the strength of political and Olympics advertising.

3rd Quarter Earnings Reports:

WASHINGTON POST CO. EARNINGS DOWN IN THIRD QUARTER (10/20/00)

TRIBUNE POSTS EARNINGS DECLINE (10/20/00)

McCLATCHY EARNINGS MEET EXPECTATIONS (10/17/00)

KNIGHT RIDDER PROFITS FLAT IN THIRD QUARTER (10/17/00)

NEW YORK TIMES CO. MEETS ANALYSTS' EXPECTATIONS (10/12/00)

DOW JONES' ELECTRONIC PUBLISHING REVENUE UP 10% (10/12/00)

ACQUISITION EXPENSES TEMPER EARNINGS AT GANNETT (10/11/00)

BROADCAST UNITS DRIVE EARNINGS AT SCRIPPS (10/10/00)

Copyright 2000, Editor & Publisher.

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BELO EARNINGS IN LINE WITH ESTIMATES

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