BLC meaning in Business ?

Answer:

What is A. H. Belo Corporation mean?

DallasNews Corporation, formerly A. H. Belo Corporation, is a Dallas-based media holding company of The Dallas Morning News and Belo + Company. The current corporation was formed when Belo Corporation separated its broadcasting and publishing operations into two corporations (with the broadcasting division going to the "old" Belo; it was later purchased by Gannett, and its former assets are part of what is now Tegna). A. H. Belo also owns a part interest in Classified Ventures. The CEO of the company is James Moroney III and the company had its headquarters in the Belo Building in Downtown Dallas. In 2016, the company announced that it is planning to leave the Belo Building for The Statler Library, also located downtown. As of 2018, the company website lists 1954 Commerce Street in Dallas as their headquarters address.

The company changed its name and ticker symbol and moved from the New York Stock Exchange to the Nasdaq on June 29, 2021, after acknowledging the history tied to A. H. Belo. The change was proposed in 2021 by Robert W. Decherd, the company’s chairman, president and CEO, to embrace “the social justice movement underway in America.” Company founder A. H. Belo was a colonel in the Confederate Army before buying the newspaper that traces its roots to 1842. The name change was approved with 99% of votes cast.

The company was organized as a fully owned subsidiary of Belo Corporation on October 1, 2007, then taken public by issuing the new stock to Belo shareholders and starting trade on February 8, 2008. The split was structured so that Belo Corporation was the legal successor of the original company. While technically this corporate entity was formed in 2008, the organization traces its roots and history back to 1842. The Belo Corporation used the A. H. Belo name from 1926 to 2002 when it was shortened to simply Belo. With the split, the old name, which honors Alfred Horatio Belo, founder of the Dallas Morning News, was revived.

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