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NEW YORK ( TheStreet) -- Belo Corporation (NYSE: BLC) hit a new 52-week low Monday as it is currently trading at $4.68, below its previous 52-week low of $4.69 with 958,289 shares traded as of 2:15 p.m. ET. Average volume has been one million shares over the past 30 days. Belo has a market cap of $468.9 million and is part of the services sector and media industry. Shares are down 30.9% year to date as of the close of trading on Friday. Belo Corp. operates as a television company. The company owns 20 television stations, including ABC, CBS, NBC, FOX, CW, and MyNetwork TV affiliates, as well as their associated Web sites in 15 markets across the United States. The company has a P/E ratio of 7.7, equal to the average media industry P/E ratio and below the S&P 500 P/E ratio of 17.7.