Belo Corp. reported $205 million in total revenue for the fourth quarter of 2012, an increase of +14% on the year-ago quarter.

Political revenue in the fourth quarter was $32.4 million, an increase of $26.5 million from the fourth quarter of 2011. Although total spot revenue was up +15% year-over-year, spot revenue excluding political was down -3% due to a crowd-out from political revenue.

Other revenues — including Internet advertising, retransmission revenue and barter and trade advertising — were up +8 year-over-year.