A. H. Belo Corporation (NYSE: AHC) today reported net income of $0.05 per share for the second quarter of 2013 compared to net income of $0.01 per share in the second quarter of 2012.
Though the newspaper and news publishing industry is facing challenges, the recent World Newspaper Congress and World Editors Forum in Bangkok, Thailand, provided many examples of innovation and experimentation that were heartening for the industry.
– Total revenues down 3.5% from Q2 2012; improving trend expected to continue
Joint Press Release of FUNKE MEDIENGRUPPE and Axel Springer AG
Highlights for the quarter include the following: — Agreement to acquire Belo Corp. — Local domestic circulation revenue up 11 percent; fifth consecutive quarter of growth — Broadcasting revenue of $212 million, 3 percent higher than prior year — Company-wide digital revenue growth of 20 percent reaching almost 30 percent of total revenue — New $300 million, two-year share repurchase program replacing current program; existing dividend program will continue
The Houston Chronicle announces the launch of its next generation jobs mobile application. Delivering functionality that goes beyond being just another job search app, the Chron Jobs app is an integral part of planning and executing on a long term career path.
A. H. Belo Corporation (NYSE: AHC) today announced it completed the sale of its five-story office building and certain related assets in Riverside, California to the County of Riverside for $30 million. The proceeds to the Company were approximately $28.6 million after selling costs of approximately $1.4 million. In the third quarter of 2013 the Company will record a gain of approximately $4 to $5 million related to this transaction. However, this transaction will not result in a taxable gain to the Company.
