Yet another way to confuse readers - BELO is lifting the paws off slightly and creating a separate television and newspaper businesses by spinning off the newspaper business into a publicly-traded company called A. H. Belo Corporation ("A. H. Belo").
A. H. Belo Corporation will own and operate the Company's flagship newspaper, The Dallas Morning News. Belo's (Darth Vader) Decherd said that as a separate public company, the company can better focus on newspapers and online news and information and better able to respond to the diverse and rapidly-evolving needs of customers in the local markets it serves, and with no debt.
Meaning, we can kill off or "sell" off some projects that are not producing well. Look for more TV deals and perhaps a major revamp of TXCN and other online ventures.
He also said the company is working with Yahoo on some online initiatives.
Got it? No then some execs can explain it better.
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