Hearst-Argyle Television Outlook
Reaffirming 4Q Guidance Given October 28:
- Revenues +11-13%
- EPS $0.40-$0.42 excluding redemption of Series A debentures
- $0.38-$0.40 assuming all Series A debentures redeemed
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2005 Results Will be Impacted by the Normal Cyclical Pattern of Political and Olympics
- Odd-numbered years lack Olympics and largely lack Political
- This cycle is unique to leading TV broadcasters
- Political/Olympics will once again be back in 2006