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

Earnings Press Release
10-K Annual Report
10-K YoY Changes
A. H. Belo Corp
Ticker: AHC CIK: 1413898

Exhibit 99.1

A. H. Belo Corporation Announces Fourth Quarter and

Full Year 2016 Financial Results

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

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

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

Annual unique visitors grew 23.9 percent in 2016 compared to 2015

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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