Belo posts b’cast gains

Media co.'s revs climb 10%

A.H. Belo Corp. reported slightly higher second-quarter earnings compared to a year ago, with revenue growth of its broadcast and publishing arms consistent with expectations.

The media company reported second-quarter segment revenues of $366.3 million, up 10% from $331.8 million in 1997. Segment operating cash flow was up 13% to $130.9 million compared with $116 million a year ago.

The media company said that it expected full-year cash flow for A.H. Belo could still increase by high single-digits in light of the issues affecting third- and fourth-quarter performance.

The principal factors affecting September through December include political spending; the degree to which automotive advertising rebounds following the apparent settlement of the General Motors Corp. strike; the success of the networks’ fall programming season; and the general economy. These events would have significant impact on the balance of the year, Decherd said.

Robert W. Decherd, Belo’s chairman, president and CEO, said in a statement that revenue growth of 4.7% in the broadcast division was generally in line with expectations.

In its publishing division, which includes the Dallas Morning News and the Providence Journal, revenues grew 3% during the quarter, with advertising revenues gaining almost 4%.

Lower newsprint comparisons and advertiser incentive programs in the second half of the year are expected to boost top line growth in the third and fourth quarters.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety

Loading