Gabelli On BLC 1Q Results

Gabelli & Company has issued a report regarding the 1Q11 results from Belo Corporation

. According to the report, "Revenues of $151.5 mil, compared with $154.3 mil... EPS ex-items of $0.09 vs. $0.13, and exclude $20.5 mil ($0.13 ps after tax) charge related to split of pension plan with AH Belo." BLC has a Buy Rating and closed at $8.47 yesterday.