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A. H. Belo Corp (AHC) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2009

A. H. Belo Corp

CIK: 1413898 Ticker: AHC
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Wednesday, February 24, 2010

7:00 A.M. CST
NEWSPAPER PUBLISHER A. H. BELO CORPORATION REPORTS PRELIMINARY
FOURTH QUARTER 2009 AND PRELIMINARY FULL-YEAR 2009 FINANCIAL
RESULTS
DALLAS — Newspaper publisher A. H. Belo Corporation (NYSE: AHC) reported preliminary fourth quarter 2009 and preliminary full-year 2009 financial results today and will discuss these preliminary results during the conference call scheduled for 1:00 p.m. CST. On February 12, 2010, the Company issued a press release stating that its 2009 audit is substantially complete but additional time is required to finalize the accounting treatment of its future pension obligations with the Company’s new public accounting firm. When this work is finalized, the Company anticipates recording a non-cash adjustment related to its future pension obligations. At that time, the Company will finalize its preliminary fourth quarter and preliminary full year financial results. GAAP and non-GAAP financial measures presented in this press release and during the conference call scheduled for later today (including but not limited to expenses, EBITDA and net income) are preliminary, do not reflect any pension adjustment(s) for the fourth quarter or full year, and will change.
Today, the Company reported fourth quarter and full-year 2009 revenues of $135.5 million and $518.3 million, respectively, and preliminary net income of $5.6 million, or $0.27 per share, and a preliminary net loss of $110.3 million, or ($5.37) per share, for the fourth quarter and full year, respectively. The fourth quarter results include non-cash charges of $3.7 million related to the write-off of a Web content management system and $1.2 million related to investment write-offs. Fourth quarter results also include a charge of $0.4 million related to severance. Full year results include non-cash impairment charges of $106.4 million related to goodwill and other asset write-offs, including the Web content management system, and $2.3 million related to investment
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The following information was filed by A. H. Belo Corp (AHC) on Thursday, February 25, 2010 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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SEC Filing Tools
Ticker: AHC
CIK: 1413898
Form Type: 10-K Annual Report
Accession Number: 0000950123-10-035266
Submitted to the SEC: Thu Apr 15 2010 5:21:59 PM EST
Accepted by the SEC: Thu Apr 15 2010
Period: Thursday, December 31, 2009
Industry: Newspapers Publishing Or Publishing And Printing

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