BELO EXPECTS LOWER PROFITS

Posted Friday, March 30, 2001 12:00 am

By: Staff Reports Company Blames Newsprint Costs, Interactive Investments

DALLAS - (The Hollywood Reporter) Belo, publisher of The Dallas
Morning News, expects lower profits in the first quarter of
this year as advertising revenue softens and the cost of
newsprint rises. Belo said it expects first-quarter earnings to
be at or near break-even.

Analysts surveyed by First Call/Thomson Financial were expecting
4 cents per share. The company blamed newsprint costs and
continued investment in Belo Interactive for the downturn.

Belo publishes five daily newspapers and manages three television
stations.

Copyright 2001, Editor & Publisher.

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BELO EXPECTS LOWER PROFITS

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