by Alexa Lesnewich
Belo Corporation Overview
Belo Corp. started as a Texas newspaper company in 1842. The company was previously known as A.H. Belo Corp. after Alfred Horatio Belo, an early owner of the company. However, early in 2008, the company spun off and kept the name A.H. Belo and the television business took the Belo Corp. name. Belo is now a Dallas-based media company, which owns 20 commercial broadcasting television stations and two regional 24-hour cable news television channels. Its headquarters are located in the Belo Building in downtown Dallas.
Belo Corp. reaches more than 14% of U.S. television households and the stations rank first or second in nearly all of their local markets. It operates nine stations in seven of the top 25 markets in the nation. Belo Corp works to deliver unmatched regional news coverage to its audience through diversification of its media. The company works to remain flexible and grow as audiences change.
A four-member Management committee leads the company. Dunia A. Shive is the President and CEO. Guy H. Kerr is the Executive Vice President/Law and Government. Carey P. Hendrickson is the Senior Vice President/Chief Financial Officer and Treasurer. Peter L. Diaz is President/Media Operations.
Recent News in 2012
January 2012
January 5th, 2012—KGW NewsChannel 8 announced the promotion of Rick Jacobs to the role of executive news director. Jacobs was originally the assistant news director, but the company believed that he had the experience to cover the issues of importance to Oregonians.
January 10th, 2012—Michael Valentine was named vice President/content of Belo Corp. Joe Weir also was promoted to vice president/digital of the company. Both have worked with the company for many years and the company believes that these two men will help the company achieve remarkable results.
Also, in Houston, Texas, KHOU 11, Houston’s CBS station, added Lily Jang as the co-anchor on News This Morning. Lily came from KCPQ in Seattle. Lily will join the team in late February.
January 13th, 2012—In Phoenix, Tim Ring of KTVK-3TV was named the 2011 Arizona Sportscaster of the Year. Ring was awarded by the National Sportscasters and Sportswriters Association and it is the first time in more than two decades that a Phoenix-based television sportscaster won the award.
January 19th, 2012—In Dallas, Texas, the company announced that on February 7th, it would announce its fourth quarter and full year 2011 earnings.
February 2012
February 7th, 2011—The Company announced in Dallas that its fourth quarter and full year 2011 net earnings per share of $0.29 and $0.55, respectively compared to $0.38 and $0.83, compared with 2010. The fourth quarter of 2011 includes a non-cash gain of $2.9 million and the full year 2011 included a net non-cash charge, after taxes, of $13.3 million.
Carolyn Mungo was also named executive news director at WFAA, the ABC affiliate in Dallas-Fort Worth. Carolyn originally spent her career in news management positions.
February 15th, 2012—KTVK 3TV and azfamily.com will have the Arizona Republican Presidential Debate live on February 22nd. The company hopes to provide complete coverage of local and national politics for Vote 2012. The debate will air live on 3TV at 6 p.m. and additional debate coverage will also be provided in Good Evening Arizona.
March 2012
March 1, 2012—In Dallas, the company announced a 60% increase in quarterly dividend, at $0.08 per share.
March 2nd, 2012—In Portland, Oregon, KGW NewsChannel 8 was the number one Portland television station in the February 2012 Nielsen sweeps period. It was the most-watched station Monday through Sunday 5 a.m. to 2 a.m. in every key demographic of adults 25-45, adults 18-49, women 25-54, and men 25-54.
In Seattle, Washington KING 5’s Evening Magazine wins Gracie Award, which was presented by the Alliance for Women in Media Foundation. It won for the most Outstanding Magazine/local market.
In New Orleans, WWL-TV Channel 4 was again ranked the #1 television station in Louisiana. This continues the stations winning streak of over 30 years.
Also in Seattle, Washington, KING 5 was determined to be the most watched station in Western Washington in the demographic of Adults 25-54.
Again in Seattle, NWCN won National Award of 2012 Telly Award for a special on Video Game Industry. The special “Generation Gamer: Life Plugged In” focused on the impact of video games in the Northwest and nationwide.
March 6th, 2012—In Houston, Texas, KHOU 11 News was determined the most-watched newscast at 10 p.m. in the Houston DMA. It was also the most-watched newscast among the adults 35-64 demographic.
In St. Louis Missouri, KMOV Television won the late news battle in the sweeps week period.
In San Antonio, KENS 5 Television was named the most-watched television Station in San Antonio in February sweeps weeks. It also outscored all other local television stations as the viewer’s number one choice for news and entertainment.
March 7th, 2012—In Portland, Oregon KGW Great Food drive had its ninth annual food drive. KGW NewsChannel 8 and Oregon Food Bank helped to launch the Drive that addresses hunger issues in communities in Oregon and southwest Washington. The groups are trying to collect enough food and cash to provide over 500,000 pounds of food.
March 13th, 2012—In Seattle, Washington, the National Press Photographers Association named KING 5 the 2011 Station of the Year in the West.
March 22nd, 2012—In Dallas, the company announced that it would present at the Barclays High Yield Bond and Syndicated Loan Conference on Monday March 26. The presentation will be shown on webcast and will also have a replay posted on its website.
March 28th, 2012—In Dallas, Belo announced that their Texas Television Stations are set to air the Texas Republican Senate Debate on April 13. The candidates invited to participate are former Solicitor General Ted Cruz, L.t. Governor David Dewhurst, Craig James, and former Dallas Mayor Tom Leppert.
April 2012
April 9th, 2012—In San Antonio, KENS 5 news anchor Fred Lozano announced his plans to retire on June 29. Lozano is the co-anchor of KENS5 Eyewitness News This Morning.
April 12th, 2012—In Dallas, Belo announced that it will have a news release on its First Quarter 2012 Earnings on April 26, 2012.
April 16th, 2012—In Portland, KGW NewsChannel 8 earned two regional Edward R. Murrow awards. This station was the only Oregon television station recognized in the competition.
April 17th, 2012—In Spokane (WA), KREM 2 News won three regional Edward R. Murrow Awards and is the local leader in Broadcast Journalism.
April 18th, 2012—In Boise, KTVB won three regional Edward R. Murrow Awards.
April 18th, 2012—KTVK 3TV and CW6 teamed up with TruWest Credit Union and DNA Lifeprint for an event on April 28th regarding Child Safety. It is a free event that will give families the tools necessary in case their child goes missing.
April 24th, 2012—In Portland, KGW NewsChannel 8 earns more Emmy nominations than any other Portland Competitor with the large number of 25.
April 26th, 2012—In Dallas, Belo made their important announcement for its First Quarter Earnings in 1012. They have net earnings per share of $0.14 compared to a net loss per share of $0.04 in the first quarter last year.
Other Information:
Revenue: $687 Million
Operating Income: $216 Million
Net Income: $86.9 Million
Total Assets: $1.59 Million
Largest Markets: Texas: Dallas/Ft. Worth, Houston
Northwest: Seattle/Tacoma
Southwest: Phoenix
Contact Information:
Headquarters Location: 400 South Record Street, Dallas, Texas 75202-4841
Telephone Number: 214-977-6606
Website: www.belo.com
Works Cited:
http://www.city-data.com/businesses/441332905-belo-corp-dallas-tx.html
http://www.belo.com/newsroom/releases
http://www.belo.com/about/management
http://en.wikipedia.org/wiki/Belo
http://www.belo.com/about/facts