Belo Corp. is more likely to invest in digital media...
Belo Corp. is more likely to invest in digital media than TV stations, Wells Fargo analyst Marci Ryvicker wrote investors after meeting with the company’s senior management. Contrary to investor concern the company may be hoarding cash to buy back…
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some debt or fund acquisitions, Belo’s recent dividend increase was chosen as a use of cash that would give the company some flexibility and allow for sustainable increases, she said. Discussing the market for buying and selling TV stations, Ryvicker asked Belo’s management whether the company would be a “net buyer” or “net seller” of assets, she said: “The response was ‘either,'” depending on what opportunities arise.