Belo Corp. (Belo) is a pure-play television company. The Company has a diversified group of television broadcasting operations, including interactive media and cable news operations. The Company owns and operates 20 television stations reaching more than 14% of United States television households, including ABC, CBS, NBC, FOX, CW and MyNetwork TV (MNTV) affiliates, and their associated Websites, in 15 markets across the United States. Belo manages one television station through a local marketing agreement (LMA). In addition it owns two local and two regional cable news channels and holds ownership interests in two other cable news channels. On February 8, 2008, the Company completed the spin-off of its former newspaper businesses and related assets, into a separate public company, A. H. Belo Corporation (A. H. Belo).