On Press Online
ON PRESS ONLINE Annual Report 1999 The Financial Chairman’s Belo Belo Belo Operating Corporate Financial Company Highlights Letter Properties Interactive Companies Information Information 1 2 3 8 12 16 30 31 Belo is one of the nation’s largest diversified media companies with a superior group of television broadcasting, newspaper publishing, cable news and interactive media assets. Belo enters the 21st Century with more than 157 years of experience in providing quality news and information to viewers and readers, and a long-standing commitment to community service and journalistic excellence. the company Belo is distinctively positioned as an industry leader in an ever-changing media environment. Committed to the standards of excellence that have shaped the Company’s achievements, Belo is focused on the future and the technological advancements that continue to make ours the most exciting business in the world today. 1 financial highlights Year ended December 31 (in thousands, except per share amounts) Revenues 1999 1998 1997 Broadcasting $ 598,637 (a) $ 593,426 $ 522,560 Newspaper Publishing 816,976 (b) 784,327 693,777 Interactive Media 6,520 3,214 718 Other 11,849 10,736 17,149 Net operating revenues $1,433,982 $1,391,703 $1,234,204 Earnings Broadcasting $ 143,200 (a) $ 143,751 (d) $ 136,715 Newspaper Publishing 176,985 (b) 138,289 (e) 154,612 Interactive Media (8,908) (2,778) (1,584) Other (7,726) (5,212) (9,237) Corporate Expenses (39,056) (40,965) (39,704) Earnings from operations $ 264,495 $ 233,085 $ 240,802 Operating Cash Flow
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