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DALLAS (AFX) - Newspaper publisher Belo Corp. on Monday said it plans to offer a voluntary severance program to newsroom employees at the Dallas Morning News, citing "an increasingly Internet-centric market place."
The company said it has not yet set details or a timetable for the program.
Publishers of many major daily newspapers have recently expressed growing financial difficulties as their advertising dollars have followed readers online.
Shares of Belo Corp. fell 5 cents to $16.28 in afternoon trading on the New York Stock Exchange. Copyright 2006 Associated Press. All rights reserved. This material may not be
Copyright 2006 AFX News Limited. All Rights Reserved.
