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)
ping
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.
This morning on CNBC there was a story on how auto dealers are leaving newspapers and going to the internet...
That may be the next heart attack for Belo and the DMN.
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