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February 11, 2008

Stock in A.H. Belo starts trading

A.H. Belo Corp., the newspaper company spun off from Dallas-based Belo Corp., began trading this morning under the ticker symbol AHC on the New York Stock Exchange.
Shares traded after the opening bell at 9:30 a.m. at $16.35.

A..H. Belo Corp., based in Dallas, owns The Dallas Morning News, The Providence Journal, The Press-Enterprise in Riverside, Calif., and the Denton (Texas) Record-Chronicle, plus the newspapers’ Web sites. The company also owns certain niche products and direct mail and commercial printing businesses.

Belo Corp. completed the spin off last week by distributing one share of A.H. Belo for every five shares of Belo Corp. that shareholders owned on Jan. 25. For example, an owner of 100 shares of Belo Corp. received 20 shares of A.H. Belo.

Belo Corp. continues to trade on the New York Stock Exchange under the ticker symbol BLC. Shares in Belo Corp. opened this morning at 9:30 at $13.45. Belo Corp. owns 20 television stations.

-- John Kostrzewa

Posted by Jack Perry  at 10:49 AM | Permalink

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