Belo Q1 TV broadcasting sales gained 2.9 percent from a...
Belo Q1 TV broadcasting sales gained 2.9 percent from a year earlier to $155.9 million, the company said. Profit was $14.3 million vs. a $4.3 million loss a year earlier on lower programming costs and a $20 million pension settlement…
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charge recorded in the year-earlier period. Political ad sales from the Texas primary will help Q2, but comparisons to last year will be challenging because the NBA championship run by the Dallas Mavericks may not be repeated this year, the company said. Last year’s Q2 results included $1.3 million in network compensation which Belo won’t receive in 2012, it said. Belo expects Q2 sales to be about 3 or 4 percent higher than in 2011.