Belo First Quarter Revenue Grows 2.8%

By Merrill Knox Comment

Belo Corp.’s total revenue grew to $160.3 million in the first quarter of 2012, a 2.8% increase on the year-ago quarter.

Growth in core spot revenue, which was up 2%,  came from strong automotive, retail and telecommunications categories, according to Belo. Political revenue in the first quarter of 2013 declined by $1 million from 2012, which was an election year. Total spot revenue grew 1% compared to the year-ago quarter. Internet advertising grew 22% and retransmission revenue grew 8%.

Dallas-based Belo owns 21 stations in 16 markets.