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(BSNS WIRE) Idearc Executive Tells Investors Underlying Business Fundamentals
Sound
Idearc Executive Tells Investors Underlying Business Fundamentals Sound



PHOENIX--(BUSINESS WIRE)----

Idearc Inc.'s acting chief financial officer, Samuel "Dee" Jones,
presenting at the Credit Suisse 2008 Global Leveraged Finance
Conference in Scottsdale, Az., told investors that the Company's
underlying fundamentals and long-term prospects are unchanged.

"The set of assets that made this business an attractive
investment are still there, still sound and still solid," Mr. Jones
said.

The acting CFO also gave the audience additional detail around
Idearc's revenue guidance that was provided earlier in the year. "Our
view of 2008 is such that we anticipate mid-single digit percentage
point declines in multi-product amortized revenue. And, as previously
communicated, we anticipate some operating margin contraction due to
the mix shift in revenues."

Mr. Jones made it clear that he does not foresee any near-term
liquidity issues for the Company. Regarding capital allocation, Mr.
Jones told investors that the Idearc Board of Directors has decided to
eliminate payment of dividends as part of the current capital
allocation program and focus on improving the Company's risk profile.

"This approach allows us to maximize flexibility as we work our
way through a more challenging economic environment," Mr. Jones
explained. "While the Board certainly has the discretion to resume
paying dividends in the future, it is keenly focused on an appropriate
capital allocation program and risk profile for the enterprise. In
light of current market conditions, we firmly believe this is the most
financially prudent approach to capital allocation."

Mr. Jones also told conference attendees that local media, and
directional media in particular, continues to be a large and growing
market. He said the Company has a number of initiatives in place to
help mitigate the impact from current cyclical economic headwinds and
the objective is to protect Idearc's customer base.

"We are managing our print business with opportunities to improve
performance as we move through 2008. We are confident the
multi-platform strategy will bring long-term value to stockholders,
sales leads to advertisers and relevant local results to consumers,"
he concluded.

Mr. Jones' presentation can be accessed by visiting Idearc's Web
site at http://ir.idearc.com/presentations.cfm and following the
instructions provided. An archived audio version of the presentation
will be available on Idearc's Web site for up to 60 days.