A roundup of stuff that wouldn’t necessarily make it on the blog, but is worth noting:
• Guess the layoffs coming this month are reassuring Wall Street. The stock price for A.H. Belo, the parent company of Dallas’ Only Daily Newspaper, soared 39 percent yesterday, closing at .97. That’s the closest it has been to $1 a share since Feb. 27. In early trading this morning, the stock was as high as $1.22. The newspaper company said it expects to finalize plans to lay off what could be 300 to 350 people at The News by the end of the month.
• The recession is even hurting Sesame Street. The non-profit that runs the children’s show is going to lay off some 70 people after its stock portfolio lost more than $9 million last year. (And please, no jokes about Kermit in the unemployment line.)
• Is the recession hurting DFW’s billionaires (the list of which Forbes released this week)? That all depends on whether there is a real difference between having $19 billion and $17.6 billion, which is what happened to Walmart heir Alice Walton’s fortune between 2008 and 2009. Most of the Dallas-Fort worth mega-rich are related, like the Waltons, Basses, and Hunts. Mavericks owner Mark Cuban showed up on the list at 296, with $2.3 billion. He was worth $2.6 billion in 2008, which was good for 445.
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