Belo Corp., Dallas, on Tuesday split its G.B. Dealey Retirement Pension Plan from the A.H. Belo Corp. pension plan, according to a Belo news release.
The Dealey plan will serve as the DB plan of Belo Corp.
A.H. Belo Corp. spun off from Belo Corp. in February 2008; the spinoff of the pension plans was approved by the two companies on Oct. 10.
The original plan had $370 million in assets, Paul Fry, Belo Corp. vice president of investor relations and treasury operations, said in a telephone interview. About 60% of the assets, or about $222 million, goes to the G.B. Dealey plan and the remainder will stay in the A.H. Belo plan, he said.