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A. H. Belo Corp (AHC) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2018

A. H. Belo Corp

CIK: 1413898 Ticker: AHC

Exhibit 99.1

Picture 2



A. H. Belo Corporation Announces Fourth Quarter and Full Year 2018 Financial Results



DALLAS –  A. H. Belo Corporation (NYSE: AHC) today reported fourth quarter 2018 net income of $0.2 million,  or $0.01 per fully diluted share.  In the fourth quarter of 2017,  the Company reported net income of $12.8 million, or $0.58 per fully diluted share,  primarily driven by the sale of real estate.

For the fourth quarter of 2018, on a non-GAAP basis, A. H. Belo reported operating income adjusted for certain items (adjusted operating income)  of $2.6 million, a  decrease of $2.9 million, or 52.6 percent, when compared to adjusted operating income of $5.5 million reported for the fourth quarter of 2017.

For the full year 2018,  the Company reported a net loss of  $5.4 million, or $(0.26) per share. For the full year 2017, the Company reported net income of $10.2 million, or $0.46 per fully diluted share.  Full year 2017 income was driven by the sale of real estate.

For the full year 2018, on a non-GAAP basis, the Company reported adjusted operating income of $5.4 million, a decrease of $6.3 million, or 53.9 percent, compared to adjusted operating income of $11.7 million reported for the full year 2017.

Robert W. Decherd, chairman, president and Chief Executive Officer, said, 2018 was a challenging year for newspapers across the country as print advertising declined steeply across all categories. The Dallas Morning News felt this impact beginning early in the first quarter. Meanwhile, the loss of three key accounts at the end of 2017 interrupted revenue growth at Belo + Company until the fourth quarter, when new business filled the gaps and momentum was reestablished.

The Board and Management Committee devoted the last half of 2018 to addressing the secular changes in the newspaper business and ensuring that Belo + Company has the resources needed to grow consistently over time. This work continues in 2019. Several specific actions


The following information was filed by A. H. Belo Corp (AHC) on Friday, March 8, 2019 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 2019 10-K Annual Report includes:

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Inside A. H. Belo Corp's 10-K Annual Report:

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)
Commitments And Contingencies
Commitments And Contingencies (Narrative) (Details)
Commitments And Contingencies (Operating Lease 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) (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)
Related Party Transactions
Related Party Transactions (Details)
Revenue
Revenue (Disaggregated By Revenue Source) (Details)
Revenue (Narrative) (Details)
Revenue (Remaining Performance Obligations, Start Date ) (Details)
Revenue (Revenue Recognition Reclassification) (Details)
Revenue (Tables)
Sales Of Assets And Other Dispositions
Sales Of Assets And Other Dispositions (Narrative) (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: 0001413898-19-000008
Submitted to the SEC: Thu Mar 14 2019 12:46:15 PM EST
Accepted by the SEC: Thu Mar 14 2019
Period: Monday, December 31, 2018
Industry: Newspapers Publishing Or Publishing And Printing

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