Type Public Industry Newspapers Predecessor Belo | Traded as NYSE: AHC Number of employees 2,200 | |
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Key people Robert W. Decherd
(Chairman, President and CEO) Revenue US$ 487.3 million (2010) Operating income Stock price AHC (NYSE) US$ 6.40 +0.10 (+1.59%)24 Feb, 4:00 PM GMT-5 - Disclaimer Headquarters Dallas, Texas, United States Founded 1 October 2007, Dallas, Texas, United States Subsidiaries Belo Interactive Inc | ||
A. H. Belo Corporation /ˈbiloʊ/ is a Dallas-based media company that owns newspapers in North Texas. The current corporation was formed when Belo Corporation separated its broadcasting and publishing operations into two corporations. A. H. Belo also owns a part interest in Classified Ventures. Its CEO is Robert Decherd who had headed Belo before the spin-off. The company has its headquarters in the Belo Building in Downtown Dallas.
The company was organized as a fully owned subsidiary of Belo Corporation on October 1, 2007, then taken public by issuing the new stock to Belo shareholders and starting trade on February 8, 2008. The split was structured so that Belo Corporation was the legal successor of the original company. While technically this corporate entity was formed in 2008, the organization traces its roots and history back to 1842. The Belo Corporation used the A. H. Belo name from 1926 to 2002 when it was shortened to simply Belo. With the split the old name, which honors Alfred Horatio Belo, founder of the Dallas Morning News, was revived.
Newspapers
The company also formerly published the Providence Journal, the Riverside Press-Enterprise, Quick, a free weekly in Dallas, and The Business Press, a weekly business publication in Riverside.
For decades, News-Texan, Inc., an A.H. Belo subsidiary, was the owner of The Dallas Morning News as well as other newspapers in the suburban Dallas area. Belo acquired seven newspapers in 1963, which included The Garland Daily News, The Grand Prairie Daily News, and The Richardson Daily News. The newspaper group would become Dallas-Fort Worth Suburban Newspapers, Inc.
Belo executives specifically shifted the newspapers to afternoon delivery to compete with The Dallas Times-Herald, the rival of the chain's flagship Dallas Morning News, according to Judith Garrett Segura, author of Belo: From Newspapers to New Media She claims the newspapers were not profitable for roughly two years.
These newspapers would operate and be published relatively independently until the late 1980s. Under increased advertising pressures and laws prohibiting media monopolies in urban markets, the newspapers were ultimately absorbed into The Dallas Morning News.