BELO UNDERVALUED?

Speaking of stock prices, Belo is up about 25 percent since September. The WSJ recently noted:

Investors are noticing that Belo Corp.’s stock is a better deal than a Woolworth’s discount bin. Shares of the company, which owns newspapers and television stations in large U.S. cities, lag behind other TV owners despite an attractive bundle of stations in important markets such as Dallas, Seattle and Phoenix. The gap has narrowed in recent days, but there remains room for Belo shares to creep higher, especially — as an analyst suggested recently — if Belo splits off its television assets or takes other steps to spark its stock price.

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