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Belo Invests $2m in Real Estate Firm
Jul 06, 2009A.H. Belo [stock AHC][/stock], the Dallas newspaper company, staked a $2m investment in Sawbuck Realty. The Internet-based real estate broker said the capital will fuel their nationwide expansion into the Southern California, Washington DC and Dallas markets. Belo made the investment in 2008 in hopes of finding a solution for its ailing newspaper assets. Not only will Sawbuck receive capital needed for growth, but Belo hopes the real estate company will boost content for its home listings in the Dallas Morning News.
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