EARNINGS: Belo TV Up, Newspapers Down

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Belo Corp. reported net earnings per share of $.15 for the first quarter of 2007, down from $.16 in 2006 . Consolidated revenue for the first quarter was $354 million, down 4.8% from the first quarter of last year.

The Television Group posted strong numbers, its revenue up 2.1% in the first quarter despite not having Olympics or political income, as with last year. Newspapers, however, were down 11% from the first quarter of 2006.

"Belo’s first quarter results reflect another quarter of outstanding revenue performance by our Television Group and excellent expense management across the Company, tempered by a challenging newspaper advertising environment," stated Belo Chairman Robert W. Decherd.

Belo owns 19 television stations.

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