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A. H. Belo Corp (AHC) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

A. H. Belo Corp

CIK: 1413898 Ticker: AHC

Exhibit 99.1

Picture 2



A. H. Belo Corporation Announces Fourth Quarter and

Full Year 2017 Financial Results



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Digital-only subscription revenue grew $1.2 million, or 75.2 percent, and  digital subscriptions grew 38.0 percent in 2017 compared to 2016

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Digital and marketing services revenue represented 37.9 percent of 2017 total advertising and marketing services revenue compared to 33.9 percent in 2016

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Digital and marketing services revenue grew 6.5 percent in 2017 compared to 2016, primarily from DMV, acquired in 2015, which grew $5.3 million, or 31.3 percent

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Operating expense declined $25.1 million, or 8.8 percent, and adjusted operating expense declined $11.4 million, or 4.6 percent, in 2017 compared to 2016





DALLAS - A. H. Belo Corporation (NYSE: AHC) today reported fourth quarter 2017 income from continuing operations before income taxes of $6.9 million. In the fourth quarter of 2016, the A. H. Belo Corporation (the “Company”) reported loss from continuing operations before income taxes of $(22.4) million. The fourth quarter 2017 income was driven by the sale of real estate, while the fourth quarter 2016 loss was driven by a  noncash goodwill impairment charge of $22.7 million. Finalization of the fourth quarter 2017 net income attributable to A. H. Belo Corporation is pending completion of the calculation of income taxes. Final fourth quarter 2017 net income attributable to A. H. Belo Corporation will be reported in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2017.

In the fourth quarter of 2017, on a non-GAAP basis, the Company reported operating income excluding certain items (adjusted operating income) of $5.5 million, an increase of $3.7 million, or 209.5 percent, when compared to the fourth quarter of 2016.

For the full year 2017, income from continuing operations before income taxes was $4.5 million. For the full year 2016, the Company reported loss from continuing operations before income taxes of $(21.5) million. The full year 2017 income was driven by the sale of real estate, while the full year 2016 loss was driven by a noncash goodwill impairment charge of $22.7 million. Finalization of the full year 2017 net income attributable to A. H. Belo


The following information was filed by A. H. Belo Corp (AHC) on Friday, March 2, 2018 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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A. H. Belo Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

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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)
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)
Sales Of Assets And Other Dispositions
Sales Of Assets And Other Dispositions (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 (narrative) (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: 0001413898-18-000010
Submitted to the SEC: Fri Mar 16 2018 4:28:33 PM EST
Accepted by the SEC: Fri Mar 16 2018
Period: Sunday, December 31, 2017
Industry: Newspapers Publishing Or Publishing And Printing

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