Belo just released its quarterly earnings report. Here’s a summary. While the report doesn’t break down individual properties, the newspaper group’s revenues fell 9.3 percent (adjusted). On the good side, web revenues were up at the company’s television sites by 30 percent, which really sounds good until you realize that only amounts to $1.2 million, which doesn’t begin to offset the losses in the newspapers. Worse — and here is a management problem — Belo missed analysts’ targets on the revenue side by $13 million. It’s done that before. The result has not been beneficial to the stock price, although today it seems to be holding.
Get the D Brief Newsletter
Dallas’ most important news stories of the week, delivered to your inbox each Sunday.
Related Articles
Local News
Bill Hutchinson Pleads Guilty to Misdemeanor Sex Crime
The Dallas real estate fun-guy will serve time under home confinement and have to register as a sex offender.
By Tim Rogers
Restaurants & Bars
The Best Japanese Restaurants in Dallas
The quality and availability of Japanese cuisine in Dallas-Fort Worth has come a long way since the 1990s.
By Nataly Keomoungkhoun and Brian Reinhart
Home & Garden
One Editor’s Musings on Love and Letting Go (Of Stuff, That Is)
Memories are fickle. Stuff is forever. Space is limited.
By Jessica Otte