Belo Corp., together with its subsidiaries, engages in television broadcasting, newspaper publishing, cable news, and interactive media businesses in the United States. It operates in two segments, Television Group and Newspaper Group. The Television Group segment markets airtime to local, regional, and national advertisers for advertising and broadcasting news, entertainment, and other programming through the company’s television stations, cable news operations, and related Web sites. This segment provides local news through cable news channels in partnership with Cox Communications and other parties in Phoenix, Arizona; and Hampton/Norfolk, Virginia. As of December 31, 2007, the company owned 20 television stations, managed 1 television station through a local marketing agreement, and owned 2 local and 2 regional cable news channels, as well as holds ownership interests in 2 other cable news operations. The Newspaper Group segment publishes and markets daily newspapers, including The Dallas Morning News, The Providence Journal, and The Press-Enterprise. This segment also operated approximately 30 news paper and information Web sites, as well as a range of Internet-based products. It provides advertising space in published issues of its newspapers and on the Web sites, as well as operates commercial printing business. Belo Corp. was founded in 1842 and is based in Dallas, Texas.
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