Belo Corp. (BLC) Reports May Revenues and Guides For Q2
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Belo Corp. (NYSE: BLC) saw consolidated revenue for May increase 0.7% vs. May of last year.
Television Group revenue increased 6.3% in May versus last year. Newspaper Group total revenue decreased 4.2% for the month of May versus the prior year. Online advertising revenue, which is included in advertising revenue, increased substantially in May, up 56% vs. May 2005.
BLC sees Q3 EPS between $0.33-0.34 (including $0.04 gain from Change-in-Control Provision) vs. current consensus of $0.32.
Television Group revenue increased 6.3% in May versus last year. Newspaper Group total revenue decreased 4.2% for the month of May versus the prior year. Online advertising revenue, which is included in advertising revenue, increased substantially in May, up 56% vs. May 2005.
BLC sees Q3 EPS between $0.33-0.34 (including $0.04 gain from Change-in-Control Provision) vs. current consensus of $0.32.
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