A. H. Belo Corporation, the newspaper-biz spin-off of Belo Corp., is expected to make its bow as a publicly traded company at week's end -- and while Robert Decherd's thrilled with The Dallas Morning News' "new" parent company, others ain't as convinced. Comes word today that Standard & Poor's Rating Services has lowered A.H. Belo's corporate credit and unsecured debt ratings "deeper into speculative territory on concerns about the standalone television business is taking on all existing debt." Still, its rating is stable -- at the higher end of the scale, matter of fact, just "speculative."
Also, according to Editor & Publisher, "S&P said spinning off the newspaper business into a new company called A.H. Belo gives it less asset flexibility." Belo's stock is down 17 cents thus far this morning as of 10:05, down to $16.63. --Robert Wilonsky
Keep the Dallas Observer Free... Since we started the Dallas Observer, it has been defined as the free, independent voice of Dallas, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Dallas with no paywalls.