In a document filed with the U.S. Securities and Exchange Commission late Friday, Belo Corp. has outlined what the company will look like after its proposed newspaper company is established independently in the first three months of 2008, The Providence Journal reported Tuesday.

The Dallas, Texas-based media company announced a plan to split the company in two on Oct. 1. Should the split go as planned, Belo Corp. would continue to hold the company's TV stations, while a new, separate company, to be called A.H Belo Corp., would be created to hold its newspapers.

Belo shareholders would own shares both two companies, as opposed to the one, should the deal go through.

The document submitted to the SEC is subject to revision, and is meant to give shareholders a look at what the company would look like next year. Belo executives are preparing another document to be sent to shareholders, which will state exactly how the split will work, The Journal reported.

The information statement will contain estimates of A.H. Belo's financial situation since it has been part of Belo Corp as of June 30. According to estimates, A.H. Belo had $964 million in assets, and about $112 million in liabilities, The Journal stated.

The document will also evaluate the pros and cons of disposing or holding the common stock in A.H. Belo shareholders will receive when the split is made, although shareholder approval of the deal is not required.