A. H. Belo Corporation Announces Quarterly Dividend
September 25 2008 - 8:00AM
PR Newswire (US)
DALLAS, Sept. 25 /PRNewswire-FirstCall/ -- A. H. Belo Corporation
(NYSE: AHC) announced today that its Board of Directors declared a
quarterly cash dividend of $0.125 for each outstanding share of
Series A common stock and Series B common stock, payable on
November 10, 2008 to shareholders of record as of October 17, 2008.
This dividend is one half of the rate paid for the first and second
quarters of 2008 following the spin-off of A. H. Belo Corporation
from Belo Corp. on February 8, 2008. Commenting on behalf of the
Board, Robert W. Decherd, chairman, president and Chief Executive
Officer, said, "A. H. Belo's business strategy includes paying a
dividend on a regular basis, and the Board's desire is to remain a
dividend-paying company. However, it is important to recognize the
impact of current industry and market conditions, and retain as
much financial flexibility as possible as the Company works through
the remainder of 2008 and 2009. Payments of future dividends also
depend on A. H. Belo's financing arrangements with its bank group."
About A. H. Belo Corporation A. H. Belo Corporation (NYSE:AHC)
headquartered in Dallas, Texas, is a distinguished news and
information company that owns and operates four daily newspapers
and a diverse group of Web sites. A. H. Belo publishes The Dallas
Morning News, Texas' leading newspaper and winner of eight Pulitzer
Prizes since 1986; The Providence Journal, the oldest
continuously-published daily newspaper in the U.S. and winner of
four Pulitzer Prizes; The Press-Enterprise (Riverside, CA), serving
southern California's Inland Empire region and winner of one
Pulitzer Prize; and the Denton Record-Chronicle. The Company
publishes various specialty publications targeting niche audiences,
young adults and the fast-growing Hispanic market. The Company's
partnerships and/or investments include the Yahoo! Newspaper
Consortium and Classified Ventures, owner of cars.com. A. H. Belo
also owns direct mail and commercial printing businesses.
Additional information is available at http://www.ahbelo.com/ or by
contacting Maribel Correa, director/Investor Relations, at
214-977-2702. Statements in this communication concerning A. H.
Belo Corporation's (the "Company's") business outlook or future
economic performance, anticipated profitability, revenues,
expenses, dividends, capital expenditures, investments, future
financings, and other financial and non-financial items that are
not historical facts, are "forward-looking statements" as the term
is defined under applicable federal securities laws.
Forward-looking statements are subject to risks, uncertainties and
other factors that could cause actual results to differ materially
from those statements. Such risks, uncertainties and factors
include, but are not limited to, changes in capital market
conditions and prospects, and other factors such as changes in
advertising demand, interest rates, and newsprint prices; newspaper
circulation trends and other circulation matters, including changes
in readership patterns and demography, and audits and related
actions by the Audit Bureau of Circulations; challenges in
achieving expense reduction goals, and on schedule, and resulting
potential effects on operations; technological changes; development
of Internet commerce; industry cycles; changes in pricing or other
actions by competitors and suppliers; regulatory, tax and legal
changes; adoption of new accounting standards or changes in
existing accounting standards by the Financial Accounting Standards
Board or other accounting standard-setting bodies or authorities;
the effects of Company acquisitions, dispositions, co-owned
ventures, and investments; general economic conditions; significant
armed conflict; and other factors beyond our control, as well as
other risks described on Form 10-K and other public disclosures and
filings with the Securities and Exchange Commission. DATASOURCE: A.
H. Belo Corporation CONTACT: Maribel Correa, Director/Investor
Relations of A. H. Belo Corporation, +1-214-977-2702. Web Site:
http://www.ahbelo.com/
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