A. H. Belo Corporation Announces Second Quarter 2018 Financial Results
Digital subscriptions grew by 6,407 subscribers, or 31.6 percent, in 2018 compared to 2017
Operating expense decreased $11.8 million, or 18.4 percent, in 2018 compared to 2017
DALLAS - A. H. Belo Corporation (NYSE: AHC) today reported a second quarter 2018 net loss of $0.5 million, or $(0.03) per share. In the second quarter of 2017, A. H. Belo Corporation (the “Company”) reported a net loss of $0.8 million, or $(0.04) per share.
In the second quarter of 2018, on a non-GAAP basis, the Company reported operating income adjusted for certain items (“adjusted operating income”) of $2.7 million, a decrease of $0.1 million, or 3.4 percent, when compared to adjusted operating income of $2.8 million reported for the second quarter of 2017.
Robert W. Decherd, chairman, president and Chief Executive Officer, said, “I am very excited to return the Company as CEO and am confident A. H. Belo is well-positioned financially to address the challenges and opportunities in our markets. As a Board member for many years, I am keenly aware of the exceptional talent of the Company’s leadership team, which is the most important aspect to successfully defining A. H. Belo’s future.”
In May, the Company announced the hiring of Susan “Sue” Kerr as vice president of Print Audience, a newly created position reporting to Grant Moise, Publisher and President of The Dallas Morning News. Moise said, “I wanted to make sure we have the best talent in the industry leading our print audience division. Sue brings over three decades of customer service and subscription expertise to our company, and I have a tremendous amount of confidence that she will substantially improve this important part of our business. Sue’s customer-centric philosophy fits very well with what we are building.”