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A. H. Belo Corp (AHC) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2016

A. H. Belo Corp

CIK: 1413898 Ticker: AHC

Exhibit 99.1

Picture 2





A. H. Belo Corporation Announces Fourth Quarter and

Full Year 2016 Financial Results



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Digital and marketing services revenue grew 20.0 percent in 2016 compared to 2015, primarily from DMV, acquired in 2015, which grew $7.8 million, or 86.6 percent

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Digital and marketing services revenue represented 33.9 percent of 2016 total advertising and marketing services revenue compared to 27.1 percent in 2015

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Operating expense declined $6.7 million, or 2.3 percent, and adjusted operating expense declined $11.3 million, or 4.4 percent, in 2016 compared to 2015

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Annual unique visitors grew 23.9 percent in 2016 compared to 2015

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Signed operating lease to move the corporate headquarters





DALLAS - A. H. Belo Corporation (NYSE: AHC) today reported fourth quarter 2016 net loss attributable to A. H. Belo Corporation (the “Company”) of $(18.9) million,  or $(0.87) per share. In the fourth quarter of 2015, the Company reported net loss attributable to A. H. Belo Corporation of $(13.7) million, or $(0.64) per share. The fourth quarter 2016 loss was driven by a goodwill impairment charge of $22.7 million, while the fourth quarter 2015 loss was primarily attributable to a pension settlement charge of $15.0 million.

In the fourth quarter of 2016, on a non-GAAP basis, the Company reported operating income excluding certain items (adjusted operating income)  of $1.8 million,  a decrease of $6.8 million, or 79.3 percent, when compared to the fourth quarter of 2015.

For the full year 2016, net loss attributable to A. H. Belo Corporation was $(19.3) million, or $(0.90) per share. For the full year 2015, the Company reported net loss attributable to A. H. Belo Corporation of $(17.8) million, or $(0.84) per share. The full year 2016 loss was driven by a goodwill impairment charge of  $22.7 million, while the full year 2015 loss was primarily attributable to a pension settlement charge of $15.0 million.

For the full year 2016, on a non-GAAP basis, the Company reported adjusted operating income of $11.6 million,  a decrease of $0.8 million, or 6.4 percent, when compared to the full year 2015.


The following information was filed by A. H. Belo Corp (AHC) on Friday, March 3, 2017 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
Acquisitions
Acquisitions (narrative) (details)
Acquisitions (purchase Price Allocation, Preliminary) (details)
Acquisitions (tables)
Commitments And Contingencies
Commitments And Contingencies (narrative) (details)
Commitments And Contingencies (operating Lease And Capital Commitment Obligations) (details)
Commitments And Contingencies (tables)
Discontinued Operations And Sales Of Assets
Discontinued Operations And Sales Of Assets (details)
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 Intangible Assets (narrative) (details)
Goodwill And Intangible Assets (schedule Of Identifiable Intangible Assets) (details)
Goodwill And Intangible Assets (tables)
Income Taxes
Income Taxes (narrative) (details)
Income Taxes (schedule Of Components Of Income Tax Expense (benefit)) (details)
Income Taxes (schedule Of Deferred Tax Assets And Liabilities) (details)
Income Taxes (schedule Of Effective Income Tax Rate Reconciliation) (details)
Income Taxes (schedule Of Unrecognized Tax Positions) (details)
Income Taxes (tables)
Long-term Incentive Plan
Long-term Incentive Plan (narrative) (details)
Long-term Incentive Plan (schedule Of Compensation Expense Related To Stock Awards) (details)
Long-term Incentive Plan (schedule Of Rsu Activity) (details)
Long-term Incentive Plan (schedule Of Stock Options Outstanding Activity) (details)
Long-term Incentive Plan (tables)
Pension And Other Retirement Plans
Pension And Other Retirement Plans (narrative) (details)
Pension And Other Retirement Plans (schedule Of Defined Benefit Plans Disclosures) (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 Expense) (details)
Pension And Other Retirement Plans (tables)
Quarterly Results Of Operations
Quarterly Results Of Operations (narrative) (details)
Quarterly Results Of Operations (schedule Of Quarterly Financial Information ) (details)
Quarterly Results Of Operations (tables)
Redeemable Noncontrolling Interest
Redeemable Noncontrolling Interest (details)
Segment Reporting
Segment Reporting (narrative) (details)
Segment Reporting (reportable Segment Information) (details)
Segment Reporting (tables)
Shareholders' Equity
Shareholders' Equity (changes In Accumulated Other Comprehensive Loss) (details)
Shareholders' Equity (narrative) (details)
Shareholders' Equity (tables)
Significant Accounting Policies And Recently Issued Accounting Standards
Significant Accounting Policies And Recently Issued Accounting Standards (details)
Significant Accounting Policies And Recently Issued Accounting Standards (policies)
Significant Accounting Policies And Recently Issued Accounting Standards (property, Plant And Equipment By Type) (details)
Significant Accounting Policies And Recently Issued Accounting Standards (tables)
Supplemental Cash Flow Data
Supplemental Cash Flow Data (details)
Supplemental Cash Flow Data (tables)
Ticker: AHC
CIK: 1413898
Form Type: 10-K Annual Report
Accession Number: 0001413898-17-000017
Submitted to the SEC: Fri Mar 10 2017 5:18:01 PM EST
Accepted by the SEC: Fri Mar 10 2017
Period: Saturday, December 31, 2016
Industry: Newspapers Publishing Or Publishing And Printing

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