Belo’s revenue for the fourth quarter of 2011 was down 13%, compared to the same period in 2010. Belo today reported $180 million in fourth quarter revenue, which is $26 million less than the company brought in the previous year.
Explaining the decline in Q4 revenue, Belo emphasized a $30 million decrease in political revenue for the period.
Excluding political, Belo’s total spot revenue was up 3%, with a 6% increase in local spot revenue for the quarter.
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Looking forward to 2012, Belo president and CEO Dunia Shive predicted revenue growth driven by the Super Bowl, the summer Olympics, and, perhaps most importantly, the upcoming election.