Hearst-Argyle Television Declares Quarterly Dividend

Hearst-Argyle Television Declares Quarterly Dividend

NEW YORK, Sept. 21 /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, 2005 to shareholders of record at the close of business on October 5, 2005.

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 and a WB affiliate, and manages a UPN affiliate and an independent station. 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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