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Belo Corp Issues Q1 2013 Revenue Guidance In Line With Analysts' Estimates
Belo Corp announced that for the first quarter of 2013, it expects revenue to be up 2% to 2.5 % versus the first quarter of 2012, with increases in core spot, retransmission and Internet revenue partially offset by lower political revenue. Due to the timing of upcoming renewals with MVPDs, the growth rate in retransmission revenue is expected to be higher in the second half of the year than in the first half of the year. The Company reported revenues of $155.90 million in the first quarter of 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $159.69 million for first quarter of 2013.
Latest Developments for Belo Corp
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