Hearst-Argyle Television Declares Quarterly Dividend

Hearst-Argyle Television Declares Quarterly Dividend

NEW YORK, Sept. 23 /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 October 15, 2008 to shareholders of record at the close of business on October 5, 2008.

Hearst-Argyle Television, Inc. owns 26 television stations, and manages an additional three television and two radio stations owned by Hearst Corporation, in geographically diverse U.S. markets. The Company's television stations reach approximately 18% of U.S. TV households, making it one of America's largest television station groups. Hearst-Argyle owns 12 ABC-affiliated stations, and manages an additional ABC station owned by Hearst Corporation, and is the largest ABC affiliate group. The Company also owns 10 NBC affiliates, and is the second-largest NBC affiliate owner, and owns two CBS affiliates. Also, Hearst-Argyle owns more than 30 Websites and multicasts 18 digital weather channels. Hearst Corporation owns approximately 82% of Hearst-Argyle's total outstanding common stock. Hearst-Argyle Series A Common Stock trades on the New York Stock Exchange under the symbol "HTV." Hearst-Argyle's corporate Web address is www.hearstargyle.com.

Source: Hearst-Argyle Television, Inc.

CONTACT: Thomas W. Campo, Campo Communications, LLC, +1-212-590-2464,
tom@campocomm.com

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

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