Company forecasts no-growth year for its station division after strong 2006 in which local spot and total spot were up, not counting political revenue of $46 million.
Don’t expect much from Belo Corp.’s TV division next year.
Belo CFO Dennis Williamson told investors at the Credit Suisse Media Conference in New York today that revenue for the station group would be “essentially flat” next year compared to this year.
Williamson said 2006 is a tough year to follow. “We have had excellent revenue growth, both including and excluding political revenues,” he said.
“Total political revenues were greater than $46 million in the 2006 election cycle much higher than our initial expectations,” he said.
“Although this wasn’t a record year of political revenue for [the group] as a whole, eight of Belo’s 20 stations posted individual record political revenues.
“Based on current projections through the end of 2006, 12 of Belo’s 20 television stations are expected to post record spot revenue performance before including political revenues,” he said. “We expect the Television Group as a whole to post record performance in local spot revenue, total spot excluding political and total spot including political.”