A.H. Belo reports smaller 2Q loss year-over-year

Posted by Erina Lin on July 27, 2010 at 12:08 PM

A.H. Belo Corp., the publisher of The Dallas Morning News, The Providence Journal and many others, Monday announced its second-quarter loss was smaller year-to-year, but its ad revenue was still in a decline, the Associated Press reported.

The company's net loss in the second quarter totaled $171,000, or 1 cent a share, much less than that of $7.1 million, or 34 cents a share, one year ago.

Revenue was down 5 percent to $121.6 million from $127.5 million year-over-year.

Advertising, which is the main source of revenue for the company, fell 12 percent to $77 million. Circulation revenue grew 7 percent to $35.5 million, partly due to the price changes in Dallas, AP reported.

The digital revenue was down 4.3 percent to $9.3 million, while non-classified digital revenue rose 2.5 percent to $4.2 million, Media Post reported.

"We continue to manage the business to maximise operating cash flow over the long-term and monetize real estate in transactions that create value for shareholders at appropriate prices," according to the company's chairman and CEO Robert Decherd.