A. H. Belo Corporation Announces Fourth Quarter and Full-Year 2015
Net Income from Continuing Operations
DALLAS - A. H. Belo Corporation (NYSE: AHC) today reported fourth quarter operating income from continuing operations excluding certain items (adjusted operating income) of $8.6 million, an increase of $3.2 million, or 59 percent, over the fourth quarter of 2014.
In the fourth quarter of 2015, and on a GAAP basis, the net loss attributable to A. H. Belo Corporation was ($13.7) million, or ($0.64) per share. For the same period in 2014, the Company reported net income attributable to A. H. Belo Corporation of $56.5 million, or $3.07 per fully diluted share, which included a gain of $77.1 million on the sale of the Company’s interest in Classified Ventures, LLC.
Jim Moroney, chairman, president and Chief Executive Officer, said, “We are very pleased and encouraged that we ended 2015 with a strong fourth quarter, and for the full year we were able to show revenue stability. These results are attributable to our ongoing efforts to diversify our sources of revenue."
Fourth Quarter Results from Continuing Operations
Total revenue was $73.1 million in the fourth quarter of 2015, flat when compared to the prior year period.
Revenue from advertising and marketing services, including print and digital revenues, was $42.5 million in the fourth quarter of 2015, slightly down from the $43.3 million reported in the fourth quarter of 2014 as a result of the decrease in print advertising revenue offset by the increase in digital and marketing services revenue.
Total digital and marketing services revenue increased 31.7 percent to $11.4 million