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Posts Tagged ‘Dunia Shive’

Belo Announces Slight Increase in Revenue

Belo today reported a 3% increase in total revenue for the first quarter of 2012, compared to the same period last year.

The Dallas-based company, which owns 20 stations across the country, generated $156 million during the first the months of this year.

Belo’s political revenue in the first quarter was up significantly.  The company’s Q1 political revenue totaled $1.6 million, a $1.2 million increase compared to 2011.

Excluding political revenue, total spot revenue was up 1%, with a 4% increase in local and a 5% decrease in national.  Belo attributes the growth in spot revenue to an increase in automotive and retail advertising. Read more

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Belo Reports 13% Fourth Quarter Decline, Points to Increase in Non-Political Advertising

Belo’s revenue for the fourth quarter of 2011 was down 13%, compared to the same period in 2010.  Belo today reported $180 million in fourth quarter revenue, which is $26 million less than the company brought in the previous year.

Explaining the decline in Q4 revenue, Belo emphasized a $30 million decrease in political revenue for the period.

Excluding political, Belo’s total spot revenue was up 3%, with a 6% increase in local spot revenue for the quarter.

Looking forward to 2012, Belo president and CEO Dunia Shive predicted revenue growth driven by the Super Bowl, the summer Olympics, and, perhaps most importantly, the upcoming election.

Belo Fourth Quarter Revenue Up 20%

Belo, which owns and operates 20 stations in 15 markets across the country, announced on Tuesday that it saw a 20% gain in total revenue for the fourth quarter of 2010, compared to the same period in 2009.

Much of Belo’s fourth quarter success can be attributed to a spike in political advertising.

“Fourth quarter’s near record political revenue of $35.7 million led the Company to a 22 percent increase in spot revenue and a 20 percent increase in total revenue for the fourth quarter, providing a strong finish to an outstanding year of revenue growth,” said Dunia Shive, Belo’s president and CEO, in making the announcement.

Overall, spot revenue was up 18% for the entire year, with local spot up 6.1% and national spot up 16%.

Belo predicts more revenue growth for its stations, which include WFAA in Dallas-Forth Worth and KING in Seattle. Read more