Belo also used to be the conservative voice in Dallas, back when there were 2 newspapers. Their “Dallas Morning News” was the alternative to the liberal “Dallas Times Herald.” When the Herald ceased publication, the News became more liberal. I have no idea if Belo even owns the News anymore, as I quit reading it about 20 years ago when it evolved into propaganda and became worthless as a news source.
Belo still owns the Dallas Morning News and some smaller papers around the country. The newspapers were such a drag on the company that they were spun off into a separate entity a few years ago. But Belo can’t totally insulate itself from the newspaper losses, and that’s why the broadcast properties are so important, since they still make money.
During Watergate, if you’ll recall, the Nixon Administration tried to go after the Washington Post by threatening renewal of TV station licenses belonging to the Post-Newsweek group. But Nixon never had the FCC—and the rest of the federal bureaucracy—in his corner.
Mark my words: the next Belo reporter who gets a one-on-one with Obama will take a much more benign approach with their questions.