BellSouth Details Accounting Changes

ATLANTA -- BellSouth Corp. (NYSE: BLS) today announced that historical financial statements reflecting the impact of previously announced accounting changes are now posted on the BellSouth Investor Relations website, http://www.bellsouth.com/investor/, on the Quarterly Earnings web page under the topic of Supplemental Financial Reports. Key items addressed in the statements include expensing of stock options and the change to the deferral method for Advertising & Publishing revenue and expense recognition. Additionally, prior period statements have been updated to reflect new line items for operational and support expenses and other minor segment adjustments. BellSouth Corp.