Belo Corporation

Belo Corp. Headquarters
P.O. Box 655237
Dallas, Texas 75265-5237
www.belo.com/

As Texas' oldest continually operating business, A.H. Belo Corporation has also made a name for itself across the U.S. The company publishes the nations ninth-largest daily newspaper, The Dallas Morning News, with a circulation of more than 520,000. It also operates various television stations and cable news channels throughout the U.S.

Belo's publishing division is comprised of seven market-leading daily newspapers with a combined circulation of 900,000 million and almost 1.3 million for Sunday subscribers. Included in the lot is the aforementioned Dallas Morning News, The Providence Journal (Providence, Rhode Island), The Press-Enterprise (Riverside, California), the Messenger-Inquirer (Owensboro, Kentucky), The Eagle (Bryan/College Station, Texas), the Arlington Morning News (Arlington, Texas), and The Gleaner (Henderson, Kentucky). Belo's handful of newspapers have received the Pulitzer Prize 11 different times.

The broadcasting division is one of the largest television station groups, owning 17 network-affiliated stations in 12 states, including four in Texas. Of the companies 17 posts, six are CBS affiliates, five are NBC affiliates, four are affiliated with ABC, and two with FOX. Most of Belo's stations are concentrated in the Southwest and the Pacific Northwest. The divisions combined efforts reach 13.6 percent of U.S. households, and according to Nielsen TV ratings, consistently rank first or second in the markets.

In 1999, Belo launched Texas Cable New (TXCN), a 24-hour news network concentrating on state news. The channel reaches about 600,000 subscribers in the Dallas area. Belo owns an additional cable news channel, NorthWest Cable News based in Seattle/Tacoma, WA, and is a partner with two other cable news channels in Virginia and Louisiana. On a different note, this year the company went after a 12 percent stake in the Dallas Mavericks professional basketball team, purchased for $24 million.

http://www.vault.com/companies/company_main.jsp?co_page=2&product_id=2135&ch_id=257&v=1&tabnum=2

A. H. BELO CORPORATION. A. H. Belo Corporation, publisher of the Dallas Morning News and the Texas Almanac,qqv is a media corporation encompassing both newspaper publishing and television broadcasting across the country. It is the oldest continuously operated business institution in Texas, having been founded on April 11, 1842, with the first edition of the Daily News in Galveston. Founder Samuel Bangsqv sold the business within a year to Wilbur F. Cherry and Michael Cronican,qqv and Cherry soon acquired sole ownership. Willard Richardsonqv became editor of the paper a few years later and in 1857 founded the Texas Almanac. Alfred Horatio Belo,qv a former Confederate colonel from North Carolina, joined the firm as a bookkeeper after the Civil Warqv and became Richardson's partner in 1866. In 1870 the firm was renamed Richardson, Belo, and Company. In 1876 Belo became sole owner, following Richardson's death the previous year, and renamed the firm A. H. Belo and Company. In 1885 Belo sent George Bannerman Dealey,qv who had joined the Galveston Newsqv as an office boy nine years earlier, to Dallas to establish a sister paper. The Dallas Morning News began publication on October 1, 1885. The Dallas and Galveston papers, linked across 315 miles by telegraph and a network of correspondents that divided the state north and south, heralded the start of "chain journalism." Belo died in 1901, and his son, who succeeded him as head of the company, died in 1906. Dealey continued to head the company on behalf of the Belo heirs, and in 1923 the company sold the Galveston paper, in order to focus its resources on the more thriving newspaper in Dallas. In July 1926, with a few others, G. B. Dealey acquired the company and renamed it A. H. Belo Corporation.

Part of the company's focus in Dallas was radio station WFAA, a "Radio Service of the Dallas Morning News," which began broadcasting on June 26, 1922; WFAA was the first network radio station in Texas. The company sold the last of its radio properties in 1987. In 1963 Belo purchased seven suburban newspapers, the Arlington Daily News, the Garland Daily News, the Grand Prairie Daily News, the Irving Daily News, the Mid-Cities Daily News, the Richardson Daily News, and the Suburban News, since renamed Metrocrest News, which together form the wholly owned subsidiary DFW Suburban Newspapers, Incorporated. Belo entered the television broadcasting business in 1950 with the acquisition of its principal station WFAA-TV, Channel 8, the ABC affiliate in Dallas. The station had begun broadcasting five months earlier as KBTS-TV. In 1984 Belo purchased four television stations from Dun and Bradstreet: KHOU in Houston; KXTV in Sacramento, California; KOTV in Tulsa, Oklahoma; and WVEC in Hampton-Norfolk, Virginia. In 1994 it purchased WWL in New Orleans, Louisiana. In December 1981 A. H. Belo Corporation became a publicly held entity, with its common stock traded on the New York Stock Exchange. In May 1987 the company reincorporated in the State of Delaware, although its headquarters and operations did not move. In December 1991 Belo acquired the assets of the Dallas Times Heraldqv when that paper ceased publication.

G. B. Dealey remained at the helm of the company until his death in 1946, at which time he was succeeded by his widow, Olivia Allen Dealey, who died in 1960. Subsequent chairmen of the board of directors have been E. M. (Ted) Dealey,qv the fourth of Dealey's five children (1960-64); James M. Moroney, husband of the Dealeys' daughter Maidie (1964-68); H. Ben Decherd, grandson of the Dealeys (1968-72); Joe M. Dealey, another grandson of the Dealeys (1980-84); James M. Moroney, Jr., grandson of the Dealeys (1984-86); and, beginning in 1987, Robert W. Decherd, great-grandson of G. B. Dealey. The position of board chairman was vacant from 1972 to 1980. http://www.tsha.utexas.edu/handbook/online/articles/view/AA/ebaph.html

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About Belo | Board of Directors

 
Belo has a 13-member Board of Directors. Here you can view their photos and read their biographies.

ROBERT W. DECHERD Chairman, President and Chief Executive Officer
Belo Corp.

Robert Decherd has been Belo's Chairman and Chief Executive Officer since January 1987. Robert became President of Belo in January 1994, and previously served as President from January 1985 through December 1986. From January 1984 through December 1986, he served as Chief Operating Officer. Robert is a member of the Board of Directors and serves as lead director of Kimberly-Clark Corporation. He also serves on the Advisory Council for Harvard University's Center for Ethics and the Professions, and is a member of the Media Security and Reliability Council which is part of President Bush's Homeland Security initiative. http://www.belo.com/about/decherd.x2

HENRY P. BECTON, JR.President WGBH Educational Foundation

Henry Becton has been president of WGBH Educational Foundation, a public broadcasting organization, since 1984 and served as its general manager from 1978 until 1999. He is a member of the board of directors of Becton Dickinson and Company and is a trustee or director of 18 Scudder Fund investment companies or trusts advised by Deutsche Asset Management. Henry served as a director of The Providence Journal Company from 1992 to 1997. He served as a director of Public Broadcasting Service from June 1987 until June 1993 and from June 1995 until October 2001. Henry is a trustee of the Boston Museum of Science and is a member of the Board of Directors of Public Radio International.

LOUIS E. CALDERA President University of New Mexico

Louis Caldera has served as president of the University of New Mexico since August 2003. Louis served as vice chancellor for university advancement at The California State University from June 2001 to June 2003. Louis was Secretary of the Army in the Clinton Administration from July 1998 until January 2001. He previously served as managing director and chief operating officer for the Corporation for National and Community Service, a federal grantmaking agency, from September 1997 to June 1998. Louis also serves on the boards of directors of IndyMac Bancorp, Inc. and Southwest Airlines Co.


FRANCE A. CÓRDOVA, Ph.D. Chancellor University of California Riverside

France Córdova has served as chancellor of University of California Riverside since July 2002. From August 1996 to July 2002, she was vice chancellor for research and professor of physics at University of California Santa Barbara. She served as chief scientist of National Aeronautics and Space Administration (NASA) from 1993 to 1996. France currently serves on advisory committees for the National Academy of Sciences' Policy and Global Affairs Division.

JUDITH L. CRAVEN, M.D., M.P.H. Corporate Director

From July 1992 until her retirement in October 1998, Judy Craven served as president of the United Way of the Texas Gulf Coast. From 1983 to 1992, she was dean of the School of Allied Health Sciences of the University of Texas Health Science Center at Houston, and from 1987 to 1992 was vice president of multicultural affairs for the University of Texas Health Science Center. Judy is a member of the board of regents of The University of Texas System and serves on the boards of directors of SYSCO Corporation, Luby's, Inc., SunAmerica Mutual Funds, and Variable Annuity Life Insurance Company of America.

ROGER A. ENRICO Former Chairman and Chief Executive Officer PepsiCo, Inc.

Roger Enrico is the former chairman and chief executive officer of PepsiCo, Inc.. He was chief executive officer of PepsiCo from April 1996 until May 2001, chairman of the board from November 1996 to May 2001, and vice chairman from May 2001 until April 2002. Roger joined PepsiCo in 1971 and held numerous other senior positions, including chairman and chief executive officer of PepsiCo Worldwide Restaurants from 1994 to 1997. Roger is a member of the boards of directors of Target Corporation, Electronic Data Systems Corporation, The National Geographic Society, The Dallas Center for the Performing Arts, The Eisenhower Fellowships and The National Center for Public Policy and Higher Education.

STEPHEN HAMBLETT Former Chairman and Chief Executive Officer
The Providence Journal Company

Steve Hamblett served as chairman of the board of The Providence Journal Company from February 1997, when The Providence Journal Company became a wholly-owned subsidiary of Belo, until his retirement in December 2000. From February 1997 until April 1999, Steve was chief executive officer and publisher of The Providence Journal Company. From 1987 to 1997, he was chairman, chief executive officer, and publisher of the pre-merger Providence Journal Company. Steve is currently a member of the boards of the Inter-American Press Association, the Smithsonian National Board, the Rhode Island School of Design, and the Rhode Island Heritage Harbor Museum. In connection with the acquisition of The Providence Journal Company, Belo agreed that Steve is eligible to serve as a Belo director until age 70.

DEALEY D. HERNDON President Herndon, Stauch & Associates

Dealey Herndon has been president of Herndon, Stauch & Associates, a project and construction management firm, since September 1995. From January 2001 to October 2001, she also served as director of appointments for Texas Governor Rick Perry. From 1991 to September 1995, she was the executive director of the State Preservation Board of the State of Texas and managed the Texas Capitol Restoration in that capacity. Dealey is trustee emeritus of the National Trust for Historic Preservation in Washington, D.C. and serves on the executive committee of the Texas State History Museum Foundation.


 

LAURENCE E. HIRSCH Chairman Eagle Materials Inc.

Larry Hirsch has been chairman of Eagle Materials Inc. (formerly Centex Construction Products, Inc.), a construction products company, since July 1999. He is the former chairman and chief executive officer of Centex Corporation, one of the nation's largest homebuilders. He was chief executive officer of Centex from July 1988 to April 2004 and chairman of the board from July 1991 to April 2004. Larry is a member of the Board of Directors of Luminex Corporation and is an advisory director of HeidelbergerCement AG. Larry also serves as a trustee of the University of Pennsylvania.

WAYNE R. SANDERS Former Chairman and Chief Executive Officer
Kimberly-Clark Corporation

Wayne Sanders is the former chairman and chief executive officer of Kimberly-Clark Corporation. He served as president and chief executive officer of Kimberly-Clark from 1991 until September 2002 and as chairman of the board from 1992 until February 2003. Wayne joined Kimberly-Clark in 1975 and held other senior positions prior to 1991. He also serves on the boards of directors of Texas Instruments Incorporated and Adolph Coors Company and its principal subsidiary, Coors Brewing Company. Wayne is the vice chairman of the board of Marquette University and serves as national trustee and governor of the Boys and Girls Clubs of America.

WILLIAM T. SOLOMON Chairman Austin Industries, Inc.

Bill Solomon is chairman of the board of Austin Industries, Inc., a general construction company, a position he has held since 1987. Bill was chairman and chief executive officer from 1987 to March 2001 and, prior to 1987, was president and chief executive officer of Austin Industries. He also serves on the boards of the Hoblitzelle Foundation and the Southwestern Medical Foundation.

LLOYD D. WARD Corporate Director

Lloyd Ward is the former chief executive officer and secretary general of the United States Olympic Committee, positions he held from October 2001 until March 2003. He served as chairman and chief executive officer of iMotors from January 2001 until May 2001. Lloyd was chairman and chief executive officer of Maytag Corporation from August 1999 to November 2000, president and chief operating officer of Maytag from 1998 to August 1999, and executive vice president of Maytag from 1996 to 1998. Lloyd served in various senior management positions with PepsiCo, Inc. from 1988 through 1996.


 

J. McDONALD WILLIAMS Chairman Emeritus Trammell Crow Company

Don Williams served as chairman of Trammell Crow Company, a real estate services firm, from August 1994 until May 2002, when he was named chairman emeritus. From 1991 until July 1994, Don was president and chief executive officer of Trammell Crow, and from 1977 to December 1990, he was managing partner of Trammell Crow. He also serves on the boards of directors of the Dallas Citizens Council, Children's Health Services of Texas, Abilene Christian University, the Hoblitzelle Foundation, Southern Methodist University Perkins School of Theology, and the Dallas Foundation.

http://www.belo.com/about/directors.x2

 By Region

The geographic clustering of Belo's media holdings helps us deliver unmatched regional news coverage to our audiences and unique regional marketing opportunities to our advertisers.


Television Group

Belo owns 19 television stations reaching 13.8 percent of U.S. television households, including WFAA-TV in Dallas/Fort Worth, KHOU-TV in Houston, KING-TV in Seattle/Tacoma and KTVK-TV in Phoenix.


Newspaper Group

Belo owns daily newspapers, including The Dallas Morning News, The Providence Journal, and The Press-Enterprise (Riverside, CA), with a combined readership of 2.1 million daily and 2.7 million Sunday.


Belo Interactive

Belo Interactive, Belo's Internet subsidiary, operates more than 30 Web sites, including some of the most popular local and regional news sites in the United States.


Cable News

Belo owns two regional cable news channels - Texas Cable News (TXCN) and NorthWest Cable News (NWCN) reaching more than three million households. Belo operates four local cable news channels in other markets in partnership with Cox Communications
http://www.belo.com/companies/
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Publishing and Newspapers

Television

Broadcasting

Cable

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THE WALL STREET JOURNAL

Monday, April 22, 1991

A.H. Belo Ordered to Pay $58 Million in Libel Lawsuit

By Karen Blumenthal
Staff Reporter of The Wall Street Journal

    DALLAS- A.H. Belo corp. said that a Waco, Texas, jury awarded a former district attorney $58 million in a libel lawsuit against its broadcasting subsidiary and a former reporter for its Dallas television station.
    Media-law specialists said the damages are the largest ever awarded against a media company in a libel case.  Damages in libel cases frequently are reduced by the trial judge or an appeals court.
    Victor F. Feazell, former McLennan County district attorney, sued Belo Broadcasting Corp. and reporter Charles Duncan in 1986 in state court in Waco.  He charged that Mr. Duncan ruined his reputation in a 10-part series that accused Mr. Feazell of taking kickbacks to settle drunken-driving charges.  The series, which ran in 1985, was followed by a commentary by one of the station’s anchors.
    Mr. Feazell was indicted on bribery and racketeering charges in September 1986, after the series ran and just before he was to run for re-election.  He was acquitted of all the charges in June 1987.  In an interview, Mr. Feazell, who has argued that the news stories prompted the indictments, said the verdict vindicates him and “sends a message to the rest of the media to get your facts straight.”
    Belo, a television and newspaper concern that owns WFAA-TV in Dallas, said it believes there isn’t a “factual basis to support this jury verdict, which involves a public official.”  The company said it will ask for a new trial, among other motions, and if necessary, will appeal.
    The company also said that the verdict, if upheld, wouldn’t impact its financial results or its financial condition, but it didn’t elaborated.  Belo recently reported a first quarter loss of 1.9 million, or 10 cents a share, on revenue of $94.2 million.  It blamed the loss on beefed-up coverage and lower advertising revenue related to the Persian Gulf war.
    The jury’s verdict included $17 million in actual damages, including $2 million in damage to Mr. Feazell’s business, $9 million in damage to his reputation and $6 million for personal humiliation.  The $41 million in punitive damages included $1 million assessed to Mr. Duncan. http://www.rsrwlaw.com/CM/InTheNews/InTheNews494.asp

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WILL THEY ROPE 'EM WITH DIGITAL IN DALLAS?

Excerpt:

WFAA-owner A.H. Belo Corp. Dallas-based Belo is betting big that high-definition TV will help it lasso more viewers, as people begin buyIng the sleek new sets. The company has earmarked $137 million to convert its 17 stations, which stretch from Honolulu to Norfolk, Va., by 2003. Through its affiliation with ABC, WFAA's first high-definition broadcasts will consist mainly of movies and sports. http://www.businessweek.com/1998/43/b3601007.htm

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No Public Record A.H.Belo Corp toxic pollution

On or about Aug 25, 1988 the Dallas Morning News (DMN) Dallas,Tx.(Plano facility) an A.H.Belo Corp subsidiary had a approximate 10,000 gallon toxic acetone solvent leak in front of its facility. The MSDS 27 and the Enviromental Protection Agency (EPA) ID no. F88-2044 for public record purposes. The approx 10,000 gallon toxic solvent leak took approx 10 months to clean up at the leasure litigation of the A.H.Belo Corp. The toxic underground leak was caused by the improper installation of the toxic solvent tank underneath the facility. The possible catastrophic toxic dangers to the public of the toxic discharge is now being addressed due to the legal threats and intimidation that have been made to my former atty's over the past ap-prox fourteen (14) years. My last atty of record Atty John Wall of Dallas, Tx. was blackmailed over this toxic settlement along with my workmans comp related injury.The community right to know 40 CFR part 355 of the E.P.A. regs is the focus of this article. I resigned my em-ployment after this leasure toxic cleanup due to this non public notified toxic event. The A.H.Belo Corp liability carrier C.N.A. of Dallas, Tx. has provided excellent blackmail efforts to keep this underground toxic leak and my workmans comp injury from tarnishing C.N.A.'s legal and financial image among A.H.Belo's corp lawyers. The E.P.A. was notified by the DMN of this underground toxic leak and was told that the DMN wouldn't comply with the community write to know laws due to the hostle litigation of buying the Dallas Times Herald (now defunct) of that approx time. The A.H.Belo Corp legal ego's also thrive on blackmail threats of the Dallas legal comm. and its relating gov entities. This includes the local and state bar assoc along with the TNRCC, ect. Other gov agancies include the U.S.Atty Office and the Dallas EPA http://boards.lp.findlaw.com/cgi-bin/WebX.fcgi?14@82.qdihbtRObeO%5E0@.ef06889/172
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