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DALLAS Belo Corp. plans to eliminate 250 jobs as it faces costly fallout from a circulation scheme at its flagship Dallas Morning News and “challenging” conditions for advertising in 2005, the company said.
The Dallas-based media company on Wednesday released the first results of a $3 million investigation into the circulation problems that led to shareholder lawsuits and a $23 million third-quarter charge against earnings to repay advertisers. The report from the law firm Seyfarth Shaw was submitted to the audit committee of Belo’s board of directors.
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