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DALLAS - Broadcast company Belo Corp. says it swung to a first-quarter loss due to charges related to the spin-off of its four newspapers.
| BLC | 7.13 |  -0.09 |
The Dallas-based company says it lost $15.4 million, or 15 cents per share, in the January-March period compared with a profit of $15.5 million, or 15 cents per share, in the prior year.
Excluding spinoff-related charges and other items, Belo earned $10.5 million, or 10 cents per share, in the first quarter.
Belo Corp., which spun off its four newspapers and related assets in February, reports revenue dipped 2 percent to $174.8 million from $178.3 million.
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