Standard & Poor's A Little Concerned About A.H. Belo Spin-Off

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

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.


All-access pass to the top stories, events and offers around town.

  • Top Stories


All-access pass to top stories, events and offers around town.

Sign Up >

No Thanks!

Remind Me Later >