Belo TV Reports Profits Down, Things Stink

We tend to focus on A.H. Belo. Why? Because I like them? Because they mystify me?  Because they keep inventing not-very-good print products that come suspiciously close to competing with me?  Maybe it’s just because I’m a print guy who believes Dallas will have a newpaper ten years from now, produced by them or somebody else. So I follow them because I think it is a great business story, for good or for ill, that is unfolding before our very eyes.

Regardless, let us not neglect the spin-off broadcasting company, the one that has $1.069 billion in debt and today reported 2nd quarter earnings of $10.3 million, a 63 percent slide from last year (and last year wasn’t so hot either). The whole broadcasting sector is in a “state of disruption,” as business profs like to phrase it. For a description of how bad it is, a television GM in another market yesterday recommended I read Belo Broadcasting’s Annual Report.

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