DallasNews Corporation
DallasNews Corporation, formerly A. H. Belo Corporation (/ˈbiːloʊ/), is a Dallas, Texas-based media holding company of The Dallas Morning News and Belo + Company. The current corporation was formed when Belo Corporation separated its broadcasting and publishing operations into two corporations (with the broadcasting division going to the "old" Belo; it was later purchased by Gannett, and its former assets are part of what is now Tegna). A. H. Belo also owns a part interest in Classified Ventures. The CEO of the company is James Moroney III and the company had its headquarters in the Belo Building in Downtown Dallas. In 2016, the company announced that it is planning to leave the Belo Building for The Statler Library, also located downtown. As of 2018, the company website lists 1954 Commerce Street in Dallas as their headquarters address.
The Belo Building (now called 400 Record) in Dallas, the previous headquarters of A. H. Belo Corporation | |
| Formerly | A. H. Belo Corporation |
|---|---|
| Company type | Public |
Traded as | Nasdaq: DALN (Series A) Russell Microcap Index component |
| Industry | Newspapers |
| Predecessor | Belo Corporation |
| Founded | 2008 (spun off from Belo) |
| Headquarters | Dallas, Texas , United States |
Key people | Robert W. Decherd (chairman, president and CEO) |
| Products | List of newspapers |
| Revenue | US$ 154.219 million (2020) |
| US$ -15.573 million (2020) | |
Net income | US$ -6.872 million (2020) |
| Total assets | US$ 123.215 million (2020) |
| Total equity | US$ 46.408 million (2020) |
Number of employees | 743 (2020) |
| Website | dallasnewscorporation |
| Footnotes / references | |
The company changed its name and ticker symbol and moved from the New York Stock Exchange to the Nasdaq on June 29, 2021, after acknowledging the history tied to their founder, A. H. Belo, a colonel in the Confederate military during the American Civil War, especially given that the company has its origins as early as 1842. The change was proposed in 2021 by CEO Robert W. Decherd to embrace "the social justice movement underway in America." The name change was approved by company shareholders the same year, with 99% of votes cast.
The company was organized as a fully owned subsidiary of Belo Corporation on October 1, 2007, then taken public by issuing the new stock to Belo shareholders and starting trade on February 8, 2008. The split was structured so that Belo Corporation was the legal successor of the original company. While technically this corporate entity was formed in 2008, the organization traces its roots and history back to 1842. The Belo Corporation used the A. H. Belo name from 1926 to 2002 when it was shortened to simply Belo.