By: Jim Rosenberg Belo announced at an analysts meeting in New York this week that, after reviewing long-term capital needs, it will build a second plant for The Dallas Morning News and a new plant and offices for The Press-Enterprise in Riverside, Calif.
For its flagship daily, the company will construct and equip a $120 million plant in south Dallas to augment production capacity of its north suburban Plano plant, which has been taxed by production of new products, according to Chairman Robert W. Decherd.
To begin next year, construction will include a press hall, an inserting center for the Sunday edition, and automated storage facility for the advertising inserts. At the same time, packaging and distribution operations in Plano will see improvements.
Belo also will invest $100 million to $110 million in new offices, production plant, equipment, and storage facilities for its 182,682-circulation Press-Enterprise.
Beginning with offices expected to be completed by the end of 2006, the four-phase project will be undertaken at the paper's existing downtown site, according to Publisher David Cornwall. The Press-Enterprise reported that the work will preserve a historic former church, bought by The Press-Enterprise Co. in 1985, located on the same property.
Belo expects the projects -- parts of total capital expenditures of $120 million per year -- to be completed over the next five years.
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