10.08.2007 08:13 AM
Belo separates newspaper and TV station businesses

Last week, Belo announced it would split its print and television businesses. The company’s newspapers, including “The Dallas Morning News,” will move to new company called A.H. Belo. The existing Belo operation will keep the company’s 20 television stations and their Web sites.

Belo said the split was triggered by major changes now occurring in the media industry. In an earlier era, print publishing and broadcasting were seen as complementary businesses, causing media companies to own both types of properties.

That, however, has changed as the emergence of the Internet is causing a reinvention of both the newspaper and broadcast business models. Each media type is now the focus of a specific investor group.

“Dividing Belo into two companies will give investors a greater insight into two distinct businesses,” Robert Decherd, Belo’s chief executive, said on a call with analysts last week.

Decherd will become chairman and CEO of A.H. Belo and nonexecutive chairman of Belo. Dunia Shive, Belo chief operating officer, will become CEO of the new Belo. The two Belo companies have no plans to sell themselves, or cut editorial jobs because of the split, the executives said.

Analysts see the Belo split as an industry trend and predicted other newspaper publishers may follow. For example, the New York Times Co. sold its broadcast group in January.

“Other newspapers, I’m sure, read the details, and perhaps the CEOs are sitting in their armchairs saying, ‘What will I do now?’” Benchmark Co. analyst Ed Atorino told Reuters.

Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found

Tuesday 06:00 AM
Eleven FCC Scenarios for The 600 MHz Band Plan
I suspect that the estimated $44 billion of auction proceeds do not take into account the fact that some spectrum the FCC will buy cannot be resold because it must be used as guard intervals in the 600 MHz band plan.~ Charles W. Rhodes

Zazil Media Group /   Thursday 11:07 AM
NAB 2015 Preview: Dalet Spearheads the Facility of the Future
Wall Street Communications /   Thursday 07:36 PM
Digital Alert Systems 2015 NAB Show Preview

Featured Articles
Discover TV Technology