A.H. Belo Corporation addresses second quarter earnings per share estimates.DALLAS--(BUSINESS WIRE)--June 19, 1995--A.H. Belo Corporation said today that second quarter consensus earnings per share estimates of 54 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. may be high by as much as 6 or 7 cents per share. During a speech before securities analysts at the Mid-Year Media Review in New York, Belo chairman, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Robert W. Decherd said: "Second quarter performance will be affected by acquisition and transition expenses associated with KIRO-TV in Seattle; start-up costs for Maxam Entertainment; and an anticipated slowdown in the rate of broadcast revenue growth in June. However, up-front demand for fall network advertising schedules is strong. This demand could spill over into the national spot markets and benefit local television stations, particularly in larger markets. If this happens, Belo's fourth quarter could be significantly better than the current outlook." Belo owns The Dallas Morning News; DFW DFW Dallas/Ft Worth, TX, USA - Dallas Ft Worth International (Airport Code) DFW Department of Fish and Wildlife DFW David Foster Wallace DFW Drug-Free Workplace DFW Down For Whatever (song by Pretty Young Things) Suburban Newspapers, Inc., publisher of eight community newspapers; and DFW Printing Company, Inc. Belo also owns and operates network-affiliated television stations WFAA-TV (ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. ) in Dallas-Fort Worth; KHOU-TV (CBS (Cell Broadcast Service) See cell broadcast. ) in Houston, Texas; KIRO-TV (UPN) in Seattle, Wash.; KXTV (ABC) in Sacramento, Calif.; WVEC-TV (ABC) in Hampton-Norfolk, Va.; WWL-TV (CBS) in New Orleans, La.; and KOTV (CBS) in Tulsa, Okla.; as well as Belo Productions, Inc. (BPI); and is the majority partner in Maxam Entertainment. Shares of Belo Series A Common Stock are traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol BLC. CONTACT: A.H. Belo Corporation, Dallas Courtney Gohn, 214/977-6643 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion