Hearst-Argyle Television Declares Quarterly Dividend

Hearst-Argyle Television Declares Quarterly Dividend

NEW YORK, March 30 /PRNewswire-FirstCall/ -- Hearst-Argyle Television, Inc. (NYSE:HTV) announced today that its Board of Directors has declared a quarterly cash dividend of $0.07 per share on its Series A and Series B Common Stock. The dividend is payable on April 15, 2006 to shareholders of record at the close of business on April 5, 2006.

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. 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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