EX-99.2 4 d07678exv99w2.txt MONTHLY STATISTICAL REPORT PRESS RELEASE EXHIBIT 99.2 FOR IMMEDIATE RELEASE --------------------- Friday, July 25, 2003 7:30 A.M. CDT BELO'S MONTHLY REVENUE AND STATISTICAL REPORT JUNE 2003 DALLAS -- Belo Corp. (NYSE: BLC) issued today its statistical report for the month of June. Newspaper Group revenue decreased 0.7 percent in June while Television Group revenue decreased 2.8 percent. In June 2002, Belo's Television Group recorded $1.6 million in political revenues. June Newspaper Linage At The Dallas Morning News, total revenue decreased 2.5 percent in June. June 2003 included one less Saturday, a significant day for classified automotive revenue, than June 2002. Retail full-run ROP revenue decreased 9.6 percent with significant decreases in the department stores, furniture, grocery and entertainment categories. Retail full-run ROP volume decreased 12.2 percent. General full-run ROP revenue increased 7.2 percent with significant increases in the telecom and packaged goods categories. The travel category decreased significantly. General full-run ROP volume increased 7.0 percent. Classified revenue was down 5.8 percent with a 10.2 percent decrease in volume. Help wanted volumes were down about 23 percent in June on a comparable basis with a decrease in classified employment revenue of about 22 percent. Classified automotive revenue was down 6.8 percent and real estate revenue was up 1.5 percent. At The Providence Journal, total full-run advertising linage, including preprints and supplements, increased 12.9 percent, and total full-run ROP linage increased 0.4 percent. Retail, general and classified volumes, including preprints, were up 15.1 percent, 11.2 percent and 6.7 percent, respectively. - more - BELO MONTHLY REVENUE AND STATISTICAL REPORT JUNE 2003 PAGE TWO ABOUT BELO Belo is one of the nation's largest media companies with a diversified group of market-leading television, newspaper, cable and interactive media assets. A Fortune 1000 company with approximately 7,800 employees and $1.4 billion in annual revenues, Belo operates news and information franchises in some of America's most dynamic markets and regions, including Texas, the Northwest, the Southwest, Rhode Island, and the Mid-Atlantic region. Belo owns 19 television stations (six in the top 16 markets) reaching 13.7 percent of U.S. television households; owns or operates nine cable news channels; and manages one television station through a local marketing agreement. Belo publishes four daily newspapers: The Dallas Morning News, The Providence Journal, The Press-Enterprise (Riverside, CA) and the Denton Record-Chronicle (Denton, TX). Belo Interactive's new media businesses include 34 Web sites, several interactive alliances, and a broad range of Internet-based products. For more information, contact Carey Hendrickson, vice president of investor relations, at 214-977-6606. Additional information, including earnings releases, is available online at www.belo.com. Statements in this communication concerning the Company's business outlook or future economic performance, anticipated profitability, revenues, expenses, capital expenditures, investments, commitments, or other financial or operating items and other statements that are not historical facts, are "forward-looking statements" as the term is defined under applicable Federal Securities Laws. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those statements. Such risks, uncertainties and factors include, but are not limited to, changes in advertising demand, interest rates and newsprint prices; technological changes; development of Internet commerce; industry cycles; changes in pricing or other actions by competitors and suppliers; regulatory changes; the effects of Company acquisitions and dispositions; general economic conditions; and significant armed conflict, as well as other risks detailed in the Company's filings with the Securities and Exchange Commission ("SEC"), including the Annual Report on Form 10-K. -30- BELO MONTHLY REVENUE AND STATISTICS JUNE 2003 REVENUE: (Dollars in thousands)
JUNE YTD 2003 2002 CHANGE 2003 2002 CHANGE Total Television Group Revenue 54,241 55,830 -2.8% 313,443 311,703 0.6% Total Newspaper Group Revenue 64,427 64,859 -0.7% 358,321 357,254 0.3%
THE DALLAS MORNING NEWS LINAGE: (Measured in six-column SAU inches)
JUNE YTD 2003 2002 CHANGE 2003 2002 CHANGE Number of Sundays 5 5 26 26 FULL RUN ROP Retail 67,568 76,959 -12.2% 399,661 419,417 -4.7% General 28,014 26,170 7.0% 136,275 137,812 -1.1% Classified/Legal 129,797 144,555 -10.2% 740,640 785,075 -5.7% -------- -------- --------- --------- TOTAL 225,379 247,684 -9.0% 1,276,576 1,342,304 -4.9% FULL RUN PREPRINTS Retail 105,508 151,503 -30.4% 540,998 769,260 -29.7% General 15,005 8,029 86.9% 87,487 72,538 20.6% -------- -------- --------- --------- TOTAL 120,513 159,532 -24.5% 628,485 841,798 -25.3% TOTAL FULL RUN: ROP, PREPRINTS AND SUPPLEMENTS Retail 176,196 231,540 -23.9% 956,006 1,205,528 -20.7% General 43,333 34,822 24.4% 225,937 212,216 6.5% Classified/Legal 129,797 144,555 -10.2% 740,640 785,075 -5.7% -------- -------- --------- --------- TOTAL 349,326 410,917 -15.0% 1,922,583 2,202,819 -12.7%
CIRCULATION (NOTE 1): SIX-MONTH PERIOD ENDED MARCH 31, 2003 2002 CHANGE Daily 533,567 529,616 0.7% Sunday 786,594 776,868 1.3%
Note 1: ABC FAS-FAX circulation figures are the average for the six months ending March 31, 2003. Source: Internal Records THE PROVIDENCE JOURNAL LINAGE: (Measured in six-column SAU inches)
JUNE YTD 2003 2002 CHANGE 2003 2002 CHANGE Number of Sundays 5 5 26 26 FULL RUN ROP Retail 58,194 61,230 -5.0% 336,874 340,484 -1.1% General 5,568 4,581 21.5% 23,095 23,149 -0.2% Classified/Legal 39,071 36,609 6.7% 207,887 206,765 0.5% --------- --------- --------- --------- TOTAL 102,833 102,420 0.4% 567,856 570,398 -0.4% FULL RUN PREPRINTS Retail 75,213 54,967 36.8% 416,479 336,357 23.8% General 14,008 12,995 7.8% 77,158 80,596 -4.3% --------- --------- --------- --------- TOTAL 89,221 67,962 31.3% 493,637 416,953 18.4% TOTAL FULL RUN: ROP, PREPRINTS AND SUPPLEMENTS Retail 133,750 116,210 15.1% 754,870 677,113 11.5% General 19,598 17,621 11.2% 100,359 103,955 -3.5% Classified/Legal 39,071 36,609 6.7% 207,887 206,765 0.5% --------- --------- --------- --------- TOTAL 192,419 170,440 12.9% 1,063,116 987,833 7.6%
CIRCULATION (NOTE 1): SIX-MONTH PERIOD ENDED MARCH 31, 2003 2002 CHANGE Daily 165,628 164,065 1.0% Sunday 233,591 232,040 0.7%
Note 1: ABC FAS-FAX circulation figures are the average for the six months ending March 31, 2003. Source: Internal Records