Law Firm Brower Piven Announces Investigation of Belo Corp. Proposed Buyout

STEVENSON, Md.--(BUSINESS WIRE)--The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Belo Corp. (“Belo” or the “Company”) (NYSE: BLC) and other violations of state law by the board of directors of Belo relating to the proposed buyout of the Company by Gannett Co., Inc. The firm’s investigation seeks to determine, among other things, whether the board of directors of Belo breached their fiduciary duties by failing to maximize shareholder value.