Belo Corp. loses US$8.7 million
By Alexandra Zeumer, Tuesday 29 April 2008 at 23:37 :: General :: #1594 :: rss
Parent company of The Dallas Morning News, A.H. Belo Corporation, reported a US$8.7 million loss in its first quarter as an independent firm, The Dallas Morning News reported Tuesday.
During the period from January to March, A.H. Belo also saw revenue slide nine percent from the same quarter the year before, to $160.2 million.
“A.H. Belo is navigating through a challenging operating environment, but I am confident about the quality of our markets long-term, the strengths of AHC’s brands and our ability to continue to transform AHC in an Internet-centric media world,” Robert W. Decherd, the company's chairman, president and chief executive, told The Dallas Morning News.
Newspaper company A.H. Belo was spun off from Belo in February.
In a letter to shareholders Decherd stated that “we continue to be on of the most aggressive companies in the newspaper business – if not the most aggressive – in focusing the circulation of our core newspapers on readers who matter the most to advertisers,” The Dallas Morning News reported.




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