TVNewser LostRemote AgencySpy PRNewser FishbowlNY FishbowlDC SocialTimes AllTwitter AllFacebook InsideFacebook InsideSocialGames InsideMobileApps

Q2 Earnings: Belo Revenue Declines 2.3%

Belo Corp. reported $174 million in revenue during the second quarter of 2013, a 2.3% decline compared to the year-ago quarter. Excluding political revenue, which was down $8.3 million in the non-election year, Belo reported a 2.5% increase in revenue compared to the second quarter of 2012.

Core spot revenue was up 1.6%, with national spot revenues up 4% and local spot revenues up 1%. Belo attributed the growth to “strength in the telecommunications and automotive categories which were up 68 percent and 9 percent, respectively, partially offset by lower spending in the healthcare, restaurant and retail categories which were down 18 percent, 7 percent and 5 percent, respectively.”

Other revenue, including Internet advertising, retransmission revenue and barter and trade advertising, was up 6% compared to the year-ago quarter. Station salaries, wages and employee benefits were flat compared to the second quarter of 2012.

Belo is in the process of being acquired by Gannett.

Mediabistro Course

Mediabistro Job Fair

Mediabistro Job FairLand your next big gig! Join us on January 27 at the Altman Building in New York City for an incredible opportunity to meet with hiring managers from the top New York media companies, network with other professionals and industry leaders, and land your next job. Register now!