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A. H. Belo Corp (AHC) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, December 31, 2014

A. H. Belo Corp

CIK: 1413898 Ticker: AHC
Exhibit 99.1



A. H. Belo Corporation Announces Fourth Quarter and Full-Year 2014
Net Income from Continuing Operations

DALLAS - A. H. Belo Corporation (NYSE: AHC) today reported fourth quarter net income from continuing operations of $3.07 per fully diluted share, an increase of $2.84 per share over fourth quarter 2013. Full-year 2014 net income from continuing operations was $3.82 per fully diluted share, an increase of $3.75 per share over 2013. Fourth quarter earnings growth was due to a $77.1 million gain on the Company's divestiture of its investment in Classified Ventures, partially offset by a $7.6 million non-cash charge related to the amortization of actuarial losses in conjunction with pension settlements. Full-year earnings growth also reflects an $18.5 million gain related to the second quarter sale of apartments.com by Classified Ventures. Fourth quarter and full-year 2014 net income from continuing and discontinued operations was $56.5 million and $92.9 million, respectively.
Adjusted earnings before interest, taxes, depreciation and amortization (“EBITDA”) from continuing operations was $6.3 million in the fourth quarter of 2014, a decrease of 28 percent compared to the prior year period. Full-year 2014 adjusted EBITDA from continuing operations was $17.0 million, a decrease of 9 percent compared to the prior year.
As of December 31, 2014, cash and cash equivalents were $158.2 million, and the Company had no debt.
Jim Moroney, chairman, president and Chief Executive Officer, said, “After considering non-cash pension expenses and transaction related costs, the Company's operating income has remained strong. In 2014, digital advertising and marketing services revenues grew by 13 percent for the full year and we expanded our commercial printing revenues by 76 percent. Taken together, these areas added $11.5 million in incremental revenue to our top line in 2014, all of which helped us limit our decline in year-over-year revenue to 1.2 percent, the smallest degree of decline since the spin-off of the Company. In addition, the Company realized a significant return

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P.O. Box 224866 Dallas, Texas 75222-4866 Tel. 214.977.8200 Fax 214.977.8201
www.ahbelo.com Deliveries: 508 Young Street Dallas, Texas 75202

The following information was filed by A. H. Belo Corp (AHC) on Monday, March 2, 2015 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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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (loss)
Consolidated Statements Of Operations
Consolidated Statements Of Shareholders' Equity
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (details)
Accumulated Other Comprehensive Loss (narrative) (details)
Accumulated Other Comprehensive Loss (tables)
Commitments
Commitments (details)
Commitments (narrative) (details)
Commitments (tables)
Discontinued Operations (financial Statements Of Discontinued Operations) (details)
Discontinued Operations (narrative) (details)
Discontinued Operations (tables)
Discontinued Operations And Sales Of Assets
Earnings Per Share
Earnings Per Share (narrative) (details)
Earnings Per Share (schedule Of Earnings Per Share Reconciliation) (details)
Earnings Per Share (tables)
Goodwill And Intangible Assets
Goodwill And Other Intangibles (narrative) (details)
Goodwill And Other Intangibles (schedule Of Identifiable Intangible Assets) (details)
Income Taxes
Income Taxes (narrative) (details)
Income Taxes (schedule Of Effective Income Tax Rate Reconciliation) (details)
Income Taxes (schedule Of Income Tax Provision) (details)
Income Taxes (schedule Of Net Deferred Tax Assets And Liabilities) (details)
Income Taxes (schedule Of Unrecognized Tax Positions) (details)
Income Taxes (tables)
Intangible Assets (tables)
Investments
Investments (narrative) (details)
Investments (schedule Of Investments) (details)
Investments (tables)
Long-term Debt
Long-term Debt (narrative) (details)
Long-term Incentive Plans
Long-term Incentive Plans (narrative) (details)
Long-term Incentive Plans (schedule Of Compensation Expense Related To Stock Awards) (details)
Long-term Incentive Plans (schedule Of Rsu Activity) (details)
Long-term Incentive Plans (schedule Of Stock Options Outstanding Activity) (details)
Long-term Incentive Plans (schedule Of Stock Options Vested And Exercisable) (details)
Long-term Incentive Plans (tables)
Pension And Other Retirement Plans
Pension And Other Retirement Plans (details)
Pension And Other Retirement Plans (narrative) (details)
Pension And Other Retirement Plans (schedule Of Expected Benefit Payments) (details)
Pension And Other Retirement Plans (schedule Of Fair Value And Allocation Of Plan Assets) (details)
Pension And Other Retirement Plans (schedule Of Net Periodic Pension Benefit (details)
Pension And Other Retirement Plans (tables)
Quarterly Results Of Operations (details)
Quarterly Results Of Operations (tables)
Quarterly Results Of Operations (unaudited)
Related Party Transactions
Related Party Transactions (narrative) (details)
Subsequent Events (details)
Subsequent Events (notes)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (narrative) (details)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (schedule Of Property, Plant And Equipment Useful Lives) (details)
Summary Of Significant Accounting Policies (tables)
Supplemental Cash Flow Data Supplemental Cash Flow Data (details)
Supplemental Cash Flow Data Supplemental Cash Flow Data (notes)
Ticker: AHC
CIK: 1413898
Form Type: 10-K Annual Report
Accession Number: 0001413898-15-000007
Submitted to the SEC: Thu Mar 05 2015 8:27:51 PM EST
Accepted by the SEC: Fri Mar 06 2015
Period: Wednesday, December 31, 2014
Industry: Newspapers Publishing Or Publishing And Printing

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