You Can't Spell "Below Expectations" Without Belo

The underperforming stock of the Belo Corp., owners of The Dallas Morning News and WFAA-Channel 8, is getting much attention today; see here and here for commentary from those who know about such things. Both stories contain this quote from Belo chairman Robert Decherd: "The advertising market has been more challenging for Belo's newspapers than originally anticipated." Uh, by whom, exactly? --Robert Wilonsky

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