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Friday, February 17, 2006

Hearst-Argyle Television to Webcast Fourth-Quarter Earnings Conference Call on February 23

Hearst-Argyle Television to Webcast Fourth-Quarter Earnings Conference Call on February 23

NEW YORK, Feb. 17 /PRNewswire-FirstCall/ -- Hearst-Argyle Television, Inc. (NYSE:HTV) is scheduled to release results for the quarter and year ended December 31, 2005, on Thursday, February 23, 2006 at approximately 6:45 a.m. Eastern time. The Company intends to host a conference call to discuss the earnings release that morning at 9:30 a.m. Eastern time.

For the three months ended December 31, 2005, the Company expects to report approximately $192 million of net revenue, exceeding guidance of $186 million to $190 million given on October 27. The Company expects to report earnings per diluted share of approximately $0.11, reflecting a $29 million non-cash charge to reduce the carrying value of intangible assets of its New Orleans station, WDSU-TV. Excluding the non-cash impairment charge, earnings per diluted share would have been approximately $0.30, above the guidance range of $0.24 to $0.27.

The conference call number is (800) 593-7191 for domestic calls and (210) 234-0006 for toll calls; the conference can be accessed with the identification "Hearst-Argyle." A replay of the call will be available through March 2 at (866) 447-7319 or (203) 369-1155 (toll). No pass code is necessary for the replay. The conference call will be webcast simultaneously from Hearst-Argyle's Website, http://www.hearstargyle.com/, in the Investor Relations section. A recording of the webcast will remain archived on the Website.

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 (http://www.ibsys.com/), and in the application of digital broadcast spectrum for new local informational services through its Weather Plus partnership with NBC and various NBC affiliate groups.

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. The company's Web address is http://www.hearstargyle.com/.

FORWARD-LOOKING STATEMENTS

This news release includes forward-looking statements. We based these forward-looking statements on our current expectations and projections about future events. These forward looking statements generally can be identified by the use of phrases such as "anticipate," "will," "likely," "plan," "believe," "expect," "intend," "project" or other such similar words and/or phrases. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this news release, concerning, among other things, trends and projections involving revenue, income, earnings, cash flow, operating expenses, capital expenditures, dividends and capital structure, involve risks and uncertainties, and are subject to change based on various important factors. Those factors include the impact on our operations from

* Changes in Federal regulation of broadcasting, including changes in
Federal communications laws or regulations;
* Local regulatory actions and conditions in the areas in which our
stations operate;
* Competition in the broadcast television markets we serve;
* Our ability to obtain quality programming for our television stations;
* Successful integration of television stations we acquire;
* Pricing fluctuations in local and national advertising;
* Changes in national and regional economies;
* Our ability to service and refinance our outstanding debt; and
* Volatility in programming costs, industry consolidation, technological
developments, and major world events.

These and other matters may cause actual results to differ from those we describe. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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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