Article: Belo Announces Circulation Declines at The Dallas Morning News.

Internal Investigation Identifies Circulation Overstatement; The Dallas Morning News Is Developing Compensation Plan for Advertisers

Belo Corp. announced today that The Dallas Morning News, a wholly-owned subsidiary, will report a greater than expected decline in its September 2004 circulation. An internal investigation, which is ongoing, has disclosed practices and procedures that led to an overstatement in circulation, primarily in single copy sales. Belo estimates the decline in circulation related to this matter to be approximately 1.5 percent daily and five percent Sunday. This decline, coupled with a reduction in state circulation that was first ...

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