Belo's board of directors approves stock repurchase program and declares dividend.DALLAS--(BUSINESS WIRE)--Sept. 27, 1995--A.H. Belo Corporation today announced that its Board of Directors authorized purchases not to exceed 4 million shares of the Company's Series A Common Stock from time to time. In addition, since 1985, Belo has had in place a repurchase program authorizing the purchase of up to $2.5 million of Company stock annually. The Board also declared a quarterly cash dividend of 8 cents for each outstanding share of Series A stock and Series B stock to be paid Dec. 8, 1995 to shareholders of record Nov. 10, 1995. Belo owns The Dallas Morning News; DFW DFW Dallas/Ft Worth, TX, USA - Dallas Ft Worth International (Airport Code) DFW Department of Fish and Wildlife DFW David Foster Wallace DFW Drug-Free Workplace DFW Down For Whatever (song by Pretty Young Things) Suburban Newspapers, Inc., publisher of eight community newspapers; and DFW Printing Company, Inc. Belo also owns and operates network-affiliated television stations WFAA-TV (ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. ) in Dallas-Fort Worth; KHOU-TV (CBS (Cell Broadcast Service) See cell broadcast. ) in Houston, Texas; KIRO-TV (UPN UPN User Principal Name (Microsoft Windows 2000) UPN United Paramount Network UPN Unión del Pueblo Navarro (Navarrese People Union) UPN Umgekehrte Polnische Notation ) in Seattle-Tacoma, Washington; KXTV (ABC) in Sacramento, California; WVEC-TV (ABC) in Hampton-Norfolk, Virginia; WWL-TV (CBS) in New Orleans, Louisiana; and KOTV (CBS) in Tulsa, Oklahoma; as well as Belo Productions, Inc. (BPI); and is the majority partner in Maxam Entertainment. Shares of Belo Series A Common Stock are traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol BLC. CONTACT: A.H. Belo Corp., Dallas Michael Perry, 214/977-6622 or Harold Gaar, 214/977-7650 |
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