No Longer Belo Market Value

So, how does Wall Street like Belo's decision to separate its newspaper and television divisions? A lot, looks like: Belo Corp.'s stock is up 18 percent today, having jumped $3.12 to $20.48 as of moments ago. And if you've been looking at this thing all morning, those numbers are rising...

By Robert Wilonsky

October 1, 2007

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So, how does Wall Street like Belo's decision to separate its newspaper and television divisions? A lot, looks like: Belo Corp.'s stock is up 18 percent today, having jumped $3.12 to $20.48 as of moments ago. And if you've been looking at this thing all morning, those numbers are rising at a pretty fast clip: Less than one hour ago, Belo's stock was at $20.20. --Robert Wilonsky

Update: Whu-oh.

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