Hearst-Argyle Sets Date for Annual Shareholders' Meeting; Announces Appearance at Bear Stearns Conference

Hearst-Argyle Sets Date for Annual Shareholders' Meeting; Announces Appearance at Bear Stearns Conference

NEW YORK, Feb. 24 /PRNewswire-FirstCall/ -- Hearst-Argyle Television, Inc. (NYSE:HTV) announced today that it will hold its annual meeting of shareholders on Thursday, May 4, 2006, at 10:00 a.m. Eastern time, in New York City, for shareholders of record March 17, 2006.

The meeting will be Webcast live in listen-only mode. Parties interested in listening to the Webcast can do so from the Company's Web site, http://www.hearstargyle.com/.

The Company also announced today its participation at the Bear Stearns Media, Entertainment & Information Conference at the Breakers Hotel in Palm Beach, FL. Company management will present on Tuesday, February 28, at 2:15 p.m. Eastern time, and will discuss corporate operations, strategy and outlook.

A live audio Webcast of the Company's presentation will be available through the Company's Web site, http://www.hearstargyle.com/, in the "Investor Relations" section. The audio presentation can also be accessed via the Conferences link within the Bear Stearns Website.

Replays of the Bear Stearns presentation and annual meeting will be archived on the hearstargyle.com site.

For information about additional conference appearances, please check the "event calendar" page within Hearst-Argyle's Web site; the page will be updated periodically as new appearances are scheduled.

Hearst-Argyle Television, Inc. owns 25 television stations, and manages an additional three television and two radio stations, in geographically diverse U.S. markets. The Company's television stations reach approximately 18% of U.S. TV households, making it one of the largest U.S. television station groups. The Company owns 10 NBC affiliates, and is the second-largest NBC affiliate owner. Hearst-Argyle also owns 12 ABC affiliated stations, and manages an additional ABC station owned by The Hearst Corporation, and is the largest ABC affiliate group. The Company also owns two CBS affiliates and a WB affiliate, and manages a UPN affiliate and an independent station. Hearst-Argyle also is a leader in the convergence of local broadcast television and the Internet through its partnership with Internet Broadcasting. Hearst-Argyle is majority owned by The Hearst Corporation. Hearst-Argyle Series A Common Stock trades on the New York Stock Exchange under the symbol "HTV." HTV debt is rated investment grade by Moody's (Baa3), Standard & Poor's (BBB-) and Fitch (BBB-), each with a stable outlook.

Source: Hearst-Argyle Television, Inc.

CONTACT: Thomas W. Campo of Hearst-Argyle Television, Inc.,
+1-212-887-6827, tcampo@hearst.com

Web site: http://www.hearstargyle.com/

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