Belo reports Q1 loss

First results since the newspaper company's spinoff

TV station group operator Belo swung to a first-quarter loss of $15.4 million on charges related to the spin-off of its newspaper business. In the year-ago period, it had posted a profit of $15.5 million.

Revenue fell 2% to $175 million. CEO Dunia Shive said Belo's outlook was clouded as economic conditions continue to be soft.