2
The way the Headlines module displays blocks is "different" than most modules. I believe what you want is to comment out the 1st line of the ./blocks/headline_block.html line:
<a href="<{$site_url}>" target="_blank"><{$site_name}>a><br />
should look like:
or
<{* <a href="<{$site_url}>" target="_blank"><{$site_name}>a><br /> *}>
either should do what you want...
NOTE: I have not tried this, but it
should work.