Decherd's Letter to Belo Stockholders Leads to Fewer Belo Stockholders
This line from A.H. Belo Corp. bossman Big Bob Decherd's Monday-morning missive to stockholders is attracting quite a bit of attention today: The Dallas Morning News' recently spun-off mother company's "1st quarter financial performance will be substantially below our expectations." Which explains why shares of A.H. Belo stock have been dropping ever since the letter was posted to the Belo Web site: As of posting, the stock is down $1.41 today (or 11.78 percent), putting it at $10.56 -- or just 51 cents off its 52-week low. --Robert Wilonsky
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