AH Belo Corporation’s listing will be moved from the New York Stock Exchange to Nasdaq on June 29 when it trades under the new name DallasNews Corporation.
The ticker symbol for the parent company of The Dallas Morning News becomes DALN.
AH Belo’s board of directors approved the company name change last month with more than 99% of the vote. The change was proposed earlier this year by Robert W. Decherd, the company’s chairman, president and CEO, to welcome “the social justice movement in America.”
The company’s founder, AH Belo, was a Colonel in the Confederate Army before buying the newspaper, whose roots date back to 1842.
Last week, the University of Texas at Austin announced that it was renaming the school’s Belo Center for New Media the GB Dealey Center for New Media at the request of its original donors, which included Decherd and former news publisher Jim Moroney III.
George Bannerman Dealey – along with his grandchildren Joe M. Dealey, H. Ben Decherd and James M. Moroney Jr. – laid the foundation stone for the AH Belo Corporation.
Dealey kept the company name when he bought it in 1926 to honor AH Belo who gave him the chance to start the Dallas Morning News in 1885 at the age of 26.
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