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Revenue Down 4.2% at Belo Newspapers in July (Dinosaur Media DeathWatch™)
Editor & Publisher ^ | August 21, 2006 | Staff

Posted on 08/21/2006 8:44:53 AM PDT by abb

NEW YORK Belo reported today that consolidated revenue increased 1.1% in July compared to the same period last year. Growth at the television group offset declines at the newspaper group.

For the newspaper group, total revenue dropped 4.2%. Advertising revenue slipped 7%. Online advertising, which is included in total advertising, advanced 36%.

"The newspaper advertising environment has been more challenging with results across the industry fluctuating from month to month," Robert Decherd, Belo's chairman, president and CEO, said in a statement. "June was a relatively strong revenue month for Belo's newspapers; however, while we expected July to be the softest month of the third quarter, July revenues were blow our original internal projection."

At The Dallas Morning News, total revenue decreased 4.4%. Advertising revenue declined 8.6%. Interactive revenue was up 33%. General run of press (ROP) revenue dropped 6.4%. Retail revenue slipped 14%. Classified revenue fell 7.6%. Within the classified category, employment grew 1%, real estate decreased 4.6%, and auto plummeted 21%.

At The Providence (R.I.) Journal, advertising revenue declined 7.1%, while total revenue was down 7.4%. Interactive revenue jumped 60%.

At The Press-Enterprise in Riverside, Calif., total revenue was down slightly, 0.5%. Advertising revenue slipped 1.8%.

E&P Staff (letters@editorandpublisher.com)


TOPICS: Business/Economy; News/Current Events
KEYWORDS: belo; dallas; dbm; newspapers
More Monday Good News...
1 posted on 08/21/2006 8:44:54 AM PDT by abb
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To: abb
Raoul's First Law of Journalism
BIAS = LAYOFFS

2 posted on 08/21/2006 8:45:33 AM PDT by abb (The Dinosaur Media: A One-Way Medium in a Two-Way World)
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To: PajamaTruthMafia; knews_hound; Grampa Dave; martin_fierro; Liz; norwaypinesavage; Mo1; onyx; ...

ping


3 posted on 08/21/2006 8:46:05 AM PDT by abb (The Dinosaur Media: A One-Way Medium in a Two-Way World)
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To: abb
Image and video hosting by TinyPic
4 posted on 08/21/2006 8:57:50 AM PDT by frogjerk (REUTERS: We give smoke and mirrors a bad name)
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To: abb

The poor auto market in the DFW area has really hurt the DMN. Their single biggest advertiser just 4 years ago was a Ford store which is now struggling to stay afloat.


5 posted on 08/21/2006 9:21:56 AM PDT by Prodn2000
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To: Prodn2000

This morning on CNBC there was a story on how auto dealers are leaving newspapers and going to the internet...


6 posted on 08/21/2006 9:25:03 AM PDT by abb (The Dinosaur Media: A One-Way Medium in a Two-Way World)
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To: abb

That may be the next heart attack for Belo and the DMN.


7 posted on 08/21/2006 9:37:33 AM PDT by Prodn2000
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