Hearst-Argyle Television Declares Quarterly Dividend

Hearst-Argyle Television Declares Quarterly Dividend

NEW YORK, Dec. 15 /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 January 15, 2009 to shareholders of record at the close of business on January 5, 2009.

Hearst-Argyle Television, Inc. a leading local media company, owns 26 television stations, and manages an additional three television and two radio stations. The Company's television stations reach approximately 18% of U.S. TV households, making it one of America's largest television station groups. It also owns 30 websites and 19 digital multicast channels providing news, weather and entertainment programming. Hearst-Argyle is majority-owned by Hearst Corporation. Hearst-Argyle Series A Common Stock trades on the New York Stock Exchange under the symbol "HTV." The company's Web address is www.hearstargyle.com.

Source: Hearst-Argyle Television, Inc.

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

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

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