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A. H. Belo Corporation said Monday it would cut 14 percent of its workforce, reduce other costs and explore selling some of its real estate, as the Dallas-based newspaper company announced its second quarterly loss in a row. The company will make voluntary severance offers this week to employees at three of its daily newspapers, including The Dallas Morning News , with the goal of completing the process by mid-September. The company aims to shed 500 full-time equivalent positions, and will make involuntary layoffs if it does not reach that goal. Those cuts and others are expected to lower costs...

NEW YORK, Feb 13 (Reuters) - Belo Corp (BLC.N: Quote, Profile, Research), the media company that is spinning off its newspaper business, on Wednesday posted lower-than-expected quarterly earnings as it suffered from the depressed newspaper advertising market. The results included impairment charges relating to The Providence Journal, The Press-Enterprise, and television station WHAS-TV in Louisville, leading to a net loss of $333.4 million for the fourth quarter. Excluding items, depressed newspaper advertising dragged fourth-quarter profit down to $33.1 million, or 32 cents per share, from $51.3 million, or 50 cents per share, in the period a year ago. Wall Street...

Belo 3Q Profits Down on Spinoff of Newspaper Group and Slumping Advertisements DALLAS (AP) -- Belo Corp. said Thursday that its third-quarter profit fell 2 percent on lower advertising sales at its newspapers, which the media owner is spinning off into a separate company. Belo said it earned $18.8 million, or 18 cents per share, in the quarter ended Sept. 30, down from $19.2 million, or 19 cents per share, a year earlier. Analysts polled by Thomson Financial had expected profit of 20 cents per share. The summer results included $2.3 million, or about a penny per share, in transaction...

DALLAS (AP) -- Belo Corp., a publisher and television station owner, said Friday its second-quarter profit fell 15 percent as it struggles with weak newspaper advertising. The earnings results still beat Wall Street expectations. Net income dropped to $36.4 million, or 35 cents per share, for the April-June period compared with $42.7 million, or 41 cents per share, a year ago. The prior year's results included a $7.5 million gain from a vendor payment. Quarterly revenue fell 3 percent to $390.5 million from $403.6 million in the previous year. Analysts surveyed by Thomson Financial predicted earnings of 31 cents per...

The Dallas Morning News, which in April stopped distributing newspapers to most areas beyond a 200-mile radius, will probably cut its circulation area again next year, the head of parent Belo Corp. said Tuesday. "Further refinements to The Morning News' distribution areas will occur in the first half of 2007, reducing the circulation perimeter to 100 miles in certain areas," Belo chairman, president and chief executive Robert W. Decherd said at a Credit Suisse Group media and telecommunications investment conference in New York. Mr. Decherd said that changes in Belo's circulation practices at The News and its other three daily...

NEW YORK Consolidated revenue at Belo jumped 9.8% in October on huge gains in its Television Group. The Newspaper Group reported that total revenue declined 5.4% in October compared to the same period last year. Advertising revenue fell 6.6%. At The Dallas Morning News, total revenue was down 4.3%. Ad revenue dropped 6.3%. Retail revenue inched up 0.5% on gains in the auto and real estate categories. General ad revenue decreased 9% due to weakness in the financial and auto categories. Classified revenue plummeted 13%. All three categories, auto, help wanted, and real estate declined. Part-run advertising grew 15% mostly...