DallasNews Corporation
 | This article needs additional citations for verification. (March 2008) |
 | |
| Company type | Public |
|---|---|
| NYSE: AHC | |
| Industry | Newspapers |
| Predecessor | Belo |
| Founded | 2008 (spun off from Belo) |
| Headquarters | Dallas, Texas, United States |
Key people | Robert W. Decherd (Chairman, President and CEO) |
| Products | List of newspapers |
| Revenue |  US$ 487.3 million (2010)[1] |
| US$ -138.1 million (2010)[1] | |
| US$ -124.2 million (2010)[1] | |
| Total assets |  US$ 420.0 million (2010)[1] |
| Total equity | US$ 199.9 million (2010)[1] |
Number of employees | 2,200 (2010)[1] |
| Website | AHBelo.com |
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.[2]
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 Dallas Morning News (Dallas, Texas)
- Al Día (Spanish language - Dallas, Texas)
- Denton Record-Chronicle (Denton, Texas)
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.[3]
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.[3]
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.
References
Notes
- ^ a b c d e f "2010 Form 10-K, A.H. Belo Corporation". United States Securities and Exchange Commission.
- ^ "Contact Us." A. H. Belo. Retrieved on November 21, 2009.
- ^ a b http://www.fundinguniverse.com/company-histories/a-h-belo-corporation-history/
Further reading
- Segura, Judith Garrett (2010). Belo: From Newspapers to New Media. Austin: University of Texas Press. ISBN 0292718462.
External links
- A.H. Belo official website
- Detailed history in the Handbook of Texas online