Friday, July 27, 2007

UPDATE 1-Belo quarterly profit, revenue fall

(Reuters) - Second-quarter net income fell to $36.4 million, or 35
cents a share, from $42.7 million, or 41 cents a share, in the
quarter a year ago, when it also logged a $7.5 million pre-tax
gain from a "change-in-control" provision in one of Belo's
vendor contracts.




Revenue fell 3.2 percent to $391 million, short of Wall
Street estimates of $396.7 million, according to Reuters
Estimates.


Read more at Reuters.com Market News

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