UPDATE 1-Hearst-Argyle quarterly loss narrower than expected

* Q1 loss $0.10/shr vs est loss $0.11/shr

* Q1 rev beats estimates

April 30 (Reuters) - TV and radio stations owner Hearst-Argyle Television Inc (HTV.N) posted a narrower-than-expected quarterly loss as it benefited from a drop in operating costs.

Last month, media company Hearst Corp said it planned to make a cash tender offer to acquire the stake it does not already own in Hearst-Argyle for $4.00 a share. Hearst-Argyle's board appointed a committee to consider the offer.

The company reported a first-quarter net loss of $9.3 million, or 10 cents a share, compared with net income of $10 million, or 11 cents a share, a year ago.[ID:nWNAB0887]

Revenue fell 19 percent to $133.8 million. Analysts expected a loss of 11 cents a share, excluding exceptional items, on revenue of $132.9 million, according to Reuters Estimates. Hearst-Argyle shares closed at $4.52 Wednesday on the New York Stock Exchange. The stock has lost nearly three-fourth of its value in the last six months. (Reporting by S. John Tilak in Bangalore; Editing by Anil D'Silva)