Belo Corp. Settles Securities Action on Favorable Terms
November 11 2009 - 2:30PM
PR Newswire (US)
DALLAS, Nov. 11 /PRNewswire-FirstCall/ -- Belo Corp. (NYSE:BLC) and
A. H. Belo Corporation (NYSE:AHC) announced today that the
litigation filed against Belo Corp. and certain individuals in 2004
related to circulation matters at The Dallas Morning News has been
settled on terms that Belo Corp. and A. H. Belo Corporation
consider favorable, without payment of any settlement amount that
is material to either company or its affiliates. The settlement
follows an August 2009 decision by the U. S. Court of Appeals for
the Fifth Circuit affirming a U.S. District Court's denial of class
certification sought by the plaintiffs. About Belo Corp. Belo Corp.
(NYSE:BLC) is one of the nation's largest pure-play,
publicly-traded television companies, with 2008 annual revenue of
$733 million. The Company owns and operates 20 television stations
(nine in the top 25 markets) and their associated Web sites. Belo
stations, which include affiliations with ABC, CBS, NBC, FOX, CW
and MyNetwork TV, reach more than 14 percent of U.S. television
households in 15 highly-attractive markets. Belo stations rank
first or second in nearly all of their local markets. Additional
information is available at http://www.belo.com/ or by contacting
Paul Fry, vice president/Investor Relations & Corporate
Communications, at 214-977-6835. About A. H. Belo Corporation A. H.
Belo Corporation (NYSE:AHC), headquartered in Dallas, Texas, is a
distinguished newspaper publishing and local news and information
company that owns and operates four daily newspapers and a diverse
group of Web sites. A. H. Belo publishes The Dallas Morning News,
Texas' leading newspaper and winner of eight Pulitzer Prizes since
1986; The Providence Journal, the oldest continuously-published
daily newspaper in the U.S. and winner of four Pulitzer Prizes; The
Press-Enterprise (Riverside, CA), serving southern California's
Inland Empire region and winner of one Pulitzer Prize; and the
Denton Record-Chronicle. The Company publishes various specialty
publications targeting niche audiences, and its partnerships and/or
investments include the Yahoo! Newspaper Consortium and Classified
Ventures, owner of cars.com. A. H. Belo also owns direct mail and
commercial printing businesses. Additional information is available
at http://www.ahbelo.com/ or by contacting David A. Gross, vice
president/Investor Relations and Strategic Analysis, at
214-977-4810. DATASOURCE: Belo Corp. CONTACT: Paul Fry, vice
president/Investor Relations & Corporate Communications of Belo
Corp., +1-214-977-6835; David A. Gross, vice president/Investor
Relations and Strategic Analysis of A. H. Belo Corporation,
+1-214-977-4810 Web Site: http://www.belo.com/
http://www.ahbelo.com/
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