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

Create Quick Video for the Web

Create Quick Video for the WebLearn how to shoot, edit, and encode online video! Starting October 4, write video scripts and story outlines, shoot and edit film, and broadcast your work on video-sharing sites like YouTube and Vimeo. Students will get hands-on experience with a Canon HDV camera and Final Cut in this course. Register now!