www.hearstargyle.com

12/7/2004


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Table of Contents

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www.hearstargyle.com

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Hearst-Argyle Television in 2004: A Year of Record Performance

Hearst-Argyle Television Outlook

HTV’s Advantageous “Strategic Balance Sheet”

Local News Leadership: #1 or #2 News in 21 of 25 News Markets

The Power of HTV’s Commitment to Local News Attracts Substantial Audience

HTV Stations Outperform Their Network Partners in Primetime Ratings

Local News Leadership: A Key Driver in Revenue Generation

HTV’s Award-Winning Political News Coverage Attracted Record Political Revenues in 2004

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Strong Core Sales Category Growth (Nine Months Ended September 30, 2002-2004)

Maximizing Long-Term Revenue Opportunities: Ongoing Sales & Marketing Initiatives Throughout Industry Cycles

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Local News Leadership Drives Success on the Web: Most of HTV’s IBS News Sites Rank #1

Positioning for Growth: Joint Ventures

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Applying Core Competencies to Existing Assets: Case Study of WISN-TV, Milwaukee

HTV Long-Term Investment Proposition

Author: Linda Yu