NEW YORK, Feb. 5 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices: -- The new Belo Corp. stub (NYSE:BLCwi) will replace Belo Corp. (NYSE:BLC) in the S&P MidCap 400, and A.H. Belo Corp (NYSE:AHCwi)
will replace Napster Inc. (NASDAQ:NAPS) in the S&P SmallCap 600 after
the close of trading on Friday, February 8. Belo Corp. is spinning off
A.H. Belo into a separate publicly-traded company in a transaction
expected to be completed on or about that date. At today's close of
trading, Napster had a market value of approximately $84 million,
whereas the minimum market cap a company must maintain to be eligible
for admission to the S&P SmallCap 600 is currently $300 million. Standard & Poor's will monitor this transaction, and post any relevant updates on its website: http://www.standardandpoors.com/.
Belo Corp. owns and operates television stations and cable news channels. Headquartered in Dallas, TX, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Broadcasting & Cable TV Sub- Industry index.
A.H. Belo Corporation publishes several daily newspapers. Headquartered in Dallas, TX, the company will be added to the S&P SmallCap 600 GICS Publishing Sub-Industry index.
Following is a summary of the changes: S&P MIDCAP 400 INDEX - February 8, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Belo (new) Consumer Broadcasting &
Discretionary Cable TV DELETED Belo (old) Consumer Publishing
Discretionary S&P SMALLCAP 600 INDEX - February 8, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED A.H. Belo Consumer Publishing
Discretionary DELETED Napster Information Home Entertainment
Technology Software Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned.
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