Much of the focus on local media tends to center on the woes of newspapers, but TV affiliates are also hurting significantly from the downturn. Belo (NYSE: BLC), the TV sibling of the AH Belo (NYSE: AHC) newspaper company, swung to a $150 million loss on impairment charges as revenue dropped 17.7 percent. Even its station websites saw ad dollars fall 7.2 percent to $7.4 million. The absence of ad dollars from the Olympics and the national political campaigns was a big factor, Dunia Shive, Belo’s president and CEO, suggested in a statement. Shive said the Dallas company’s Q4 results should be somewhat better. 

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