Belo reports Q2 losses, but big web growth

The second quarter hits keep coming. Belo reported a 15 percent drop overall, largely due to dismal newspaper returns that pointed fingers on softening real estate, a scapegoat we’ve heard named from other publishers. On the broadcast side managed to produce slim increases, with local business advertising sales climbing 3.9 percent compared to national spot growth at a mere 1 percent. But, perhaps thanks to some very bright bulbs in the online division (cue to Cory), Belo’s web-related TV activities were up 48 percent.