A. H. Belo Corp (AHC) SEC Filing 10-Q Quarterly report for the period ending Sunday, June 30, 2019

A. H. Belo Corp

CIK: 1413898 Ticker: AHC

Exhibit 99.1

Picture 2

A. H. Belo Corporation Announces Second Quarter 2019 Financial Results

DALLAS –  A. H. Belo Corporation (NYSE: AHC) today reported second quarter 2019 net income of $16.9 million, or $0.78 per fully diluted share. In the second quarter of 2018,  the Company reported a  net loss of $0.5 million, or $(0.03) per share. Second quarter 2019 net income was driven by $28.0 million in proceeds from the sale of real estate previously used as the Company’s headquarters, resulting in a pretax gain of $25.9 million which for tax purposes is fully offset by net operating loss carryforwards.

For the second quarter of 2019, on a non-GAAP basis, A. H. Belo reported operating income adjusted for certain items (adjusted operating income) of $0.2 million,  a decline of $1.5 million, or 87.5 percent, from $1.8 million reported in the second quarter of 2018. The decline was primarily due to $1.9 million of expense related to a strategy review with an outside consulting firm.

On July 18, the Company established a single operations decision-making structure to include Belo + Company, beginning a leadership transition that results in Tim Storer, Belo + Company's president, assuming an advisory role at this time and departing A. H. Belo at the end of the year.

Robert W. Decherd, chairman, president and Chief Executive Officer, said, The Company’s operating results in the second quarter are encouraging on several levels. The Dallas Morning News is finding its footing in pursuing its digital subscription objectives and is well along in its plan to launch a new website on the Arc platform in September. The creation of a single decision-making structure for all of the Company’s operations under Grant Moise, including digital marketing services, gives additional lift to these initiatives. I want to thank Tim Storer for everything he has done over the past five years to establish a dynamic digital marketing services capability for our Company and for the extraordinarily constructive role he has played on our Management Committee.

The following information was filed by A. H. Belo Corp (AHC) on Monday, July 29, 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-Q Quarterly 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:

  • Voting Procedures
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  • Executive Team
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  • Peers / Competitors


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Inside A. H. Belo Corp's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly 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
Consolidated Statements Of Shareholders' Equity (Parenthetical)
Acquisitions (Narrative) (Details)
Acquisitions (Preliminary Allocation Of Purchase Price) (Details)
Acquisitions (Tables)
Basis Of Presentation And Recently Issued Accounting Standards
Basis Of Presentation And Recently Issued Accounting Standards (Policy)
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)
Leases (Narrative) (Details)
Leases (Remaining Maturities Of Lease Liabilities) (Details)
Leases (Schedule Of Components Of Lease Expense And Supplemental Cash Flow Information For Leases) (Details)
Leases (Schedule Of Future Minimum Obligations For Operating Leases As Determined Prior To Adoption Of Asu 2016-02) (Details)
Leases (Schedule Of Supplemental Consolidated Balance Sheet Information For Leases) (Details)
Leases (Tables)
Pension And Other Retirement Plans
Pension And Other Retirement Plans (Narrative) (Details)
Pension And Other Retirement Plans (Policy)
Pension And Other Retirement Plans (Schedule Of Net Periodic Pension Benefit) (Details)
Pension And Other Retirement Plans (Tables)
Related Party Transactions
Related Party Transactions (Details)
Revenue (Disaggregated By Revenue Source) (Details)
Revenue (Narrative) (Details)
Revenue (Remaining Performance Obligations, Start Date ) (Details)
Revenue (Tables)
Sales Of Assets
Sales Of Assets (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 (Policy)
Shareholders' Equity (Tables)

Material Contracts, Statements, Certifications & more

A. H. Belo Corp provided additional information to their SEC Filing as exhibits

Ticker: AHC
CIK: 1413898
Form Type: 10-Q Quarterly Report
Accession Number: 0001413898-19-000033
Submitted to the SEC: Mon Jul 29 2019 12:50:40 PM EST
Accepted by the SEC: Mon Jul 29 2019
Period: Sunday, June 30, 2019
Industry: Newspapers Publishing Or Publishing And Printing

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