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Belo Corp. Message Board

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  • belobuster belobuster May 4, 2011 9:31 AM Flag

    Bank amendment and share repurchases?

    I don't have anything confused. The paragraph I cut and pasted is from BLC's latest 10Q stating the share repurchase plan is in place, but not actionable given the covenants in the bank facility. I was simply stating that if the crappy newspaper spin-off AH Belo can get a bank amendment that allows them to pay dividends, BLC should be able to get an amendment to allow share repurchases as long as they have nothing outstanding on their facility.

 

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