DallasNews Corporation

  (Redirected from A. H. Belo)

DallasNews Corporation, formerly A. H. Belo Corporation/ˈbl/, is a Dallas-based media holding company of The Dallas Morning News and Belo + Company. The current corporation was formed when Belo Corporation separated its broadcasting and publishing operations into two corporations (with the broadcasting division going to the "old" Belo; it was later purchased by Gannett, and its former assets are part of what is now Tegna). A. H. Belo also owns a part interest in Classified Ventures. The CEO of the company is James Moroney III and the company had its headquarters in the Belo Building in Downtown Dallas.[2] In 2016, the company announced that it is planning to leave the Belo Building for The Statler Library, also located downtown.[3] As of 2018, the company website lists 1954 Commerce Street in Dallas as their headquarters address.[4]

DallasNews Corporation
TypePublic
NasdaqDALN (Series A)
Russell Microcap Index component
IndustryNewspapers
PredecessorA. H. Belo Corporation
Founded2008; 13 years ago (2008) (spun off from Belo)
HeadquartersDallas, Texas, United States
Key people
Robert W. Decherd
(Chairman, President and CEO)
ProductsList of newspapers
RevenueDecrease US$ 154.219 million (2020)[1]
Decrease US$ -15.573 million (2020)[1]
Decrease US$ -6.872 million (2020)[1]
Total assetsDecrease US$ 123.215 million (2020)[1]
Total equityDecrease US$ 46.408 million (2020)[1]
Number of employees
743 (2020)[1]
Websitewww.dallasnewscorporation.com
The Belo Building (now called 400 Record) in Dallas, the previous headquarters of A. H. Belo Corporation

The company changed its name and ticker symbol and moved from the New York Stock Exchange to the Nasdaq on June 29, 2021, after acknowledging the history tied to A. H. Belo. The change was proposed in 2021 by Robert W. Decherd, the company’s chairman, president and CEO, to embrace “the social justice movement underway in America.” Company founder A. H. Belo was a colonel in the Confederate Army before buying the newspaper that traces its roots to 1842. The name change was approved with 99% of votes cast. [5]


The company was organized as a fully owned subsidiary of Belo Corporation on October 1, 2007, then taken public by issuing the new stock to Belo shareholders and starting trade on February 8, 2008. The split was structured so that Belo Corporation was the legal successor of the original company. While technically this corporate entity was formed in 2008, the organization traces its roots and history back to 1842. The Belo Corporation used the A. H. Belo name from 1926 to 2002 when it was shortened to simply Belo. With the split, the old name, which honors Alfred Horatio Belo, founder of the Dallas Morning News, was revived.

NewspapersEdit

The company also formerly published the Denton Record-Chronicle, The Providence Journal, the Riverside Press-Enterprise, Quick, a free weekly in Dallas, and The Business Press, a weekly business publication in Riverside.

For decades, News-Texan, Inc., an A.H. Belo subsidiary, was the owner of The Dallas Morning News as well as other newspapers in the suburban Dallas area. Belo acquired seven newspapers in 1963, which included The Garland Daily News, The Grand Prairie Daily News, and The Richardson Daily News. The newspaper group would become Dallas-Fort Worth Suburban Newspapers, Inc.[6] Belo executives specifically shifted the newspapers to afternoon delivery to compete with The Dallas Times-Herald, the rival of the chain's flagship The Dallas Morning News, according to Judith Garrett Segura, author of Belo: From Newspapers to New Media. She claims the newspapers were not profitable for roughly two years.[6] These newspapers would operate and be published relatively independently until the late 1980s. Under increased advertising pressures and laws prohibiting media monopolies in urban markets, the newspapers were ultimately absorbed into The Dallas Morning News.

ReferencesEdit

  1. ^ a b c d e f "A.H. Belo Corporation Form 10K". United States Securities and Exchange Commission. March 11, 2021. Retrieved March 11, 2021.
  2. ^ "Contact Us." A. H. Belo. Retrieved on November 21, 2009.
  3. ^ "The Dallas Morning News plans move after 67 years - Talking New MediaTalking New Media | The digital publishing website". www.talkingnewmedia.com. Retrieved November 1, 2017.
  4. ^ " About A. H. Belo | Contact Us", A. H. Belo Corporation. Retrieved 2018-10-07.
  5. ^ "| A. H. Belo To Change Name To DallasNews Corp., Listing To Nasdaq; New Symbol 'DALN' - Quick Facts"
  6. ^ a b "History of A.H. Belo Corporation – FundingUniverse". www.fundinguniverse.com.

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