Belo Corp. reported unaudited consolidated earnings results for the March 31, 2013. For the period, the company reported net operating revenues were $160,338,000 against $155,898,000 a year ago. Earnings from operations were $40,201,000 against $39,688,000 a year ago. Earnings before income taxes were $26,270,000 against $22,527,000 a year ago. Net earnings attributable to company were $16,672,000 against $14,292,000 a year ago. Net earnings per basic and diluted share were $0.16 against $0.14 a year ago. EBITDA was $56,057,000 against $54,882,000 a year ago. Capital expenditures were $4.7 million. Total debt at March 31, 2013, was $720 million. Based on recent pacings, currently the company estimates core spot revenue to be up 2% to 2.5% in the second quarter of 2013 compared to the second quarter of 2012. As company cycle against $9.5 million of political revenue in the second quarter of last year, the company currently estimate total revenue to be down 1.5% to 2% in the second quarter of 2013, with total revenue excluding political estimated to be up 3% to 3.5%. Combined station and corporate operating costs are currently estimated to be up around 4% in the second quarter of 2013 when compared to the second quarter of 2012. The company also reported that due to the timing of upcoming renewals with MVPDs, the growth rate and retransmission revenue is expected to be higher in the second half of 2013 than in the first half of 2013.

Belo Corp. announced that they will report Q1, 2013 results at 7:30 AM, Central Daylight on Apr 25, 2013

Belo Corp., Q1 2013 Earnings Call, Apr 25, 2013