Belo Takes Stake In Mochila

Dallas, Texas-based Belo has made an investment in Mochila, a New York-based which provides an online marketplace for media. The investment came as part of a strategic partnership, although financial details were not disclosed. Belo owns 20 television stations, along with cable news stations, and daily newspapers, including the Dallas Morning News. Mochila provides an online syndication service where media companies can offer up their content to other publishers.