Summary:

Belo: The Dallas-based media company’s board of directors has approved the spin-off of Belo’s (NYSE: BLC) TV and newspaper units into separa…

Belo: The Dallas-based media company’s board of directors has approved the spin-off of Belo’s (NYSE: BLC) TV and newspaper units into separate businesses. The plan was announced in early October. Existing Belo shareholders will receive a tax-free distribution of shares in the newly formed A.H. Belo, which will own the company

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