A. H. Belo Corporation Announces Private Stock Transaction
May 06 2019 - 1:07PM
A. H. Belo Corporation (NYSE: AHC) said today that the Company’s
chief executive officer, Robert W. Decherd, purchased 143,419
shares of A. H. Belo common stock in a private transaction on
Friday, May 3, 2019. Decherd purchased 100,000 Series B shares at
$5 each and 43,419 Series A shares at $4 each.
The purchases increase Decherd’s total Series B holdings to
1,682,431 shares and his Series A holdings to 43,419 shares,
inclusive of 300,291 Series B shares for which Decherd exercises
voting power. The total number of shares he now votes is 1,682,431
Series B shares and 43,419 Series A shares, or approximately 38.6
percent of the Company’s voting power.
Decherd said, “The transition of The Dallas Morning News and all
great metropolitan newspapers to a digital-first business model
will be lengthy. Continuity will matter a lot in the successful
completion of this transition. This is why I purchased these
additional shares, reflecting my conviction about the importance of
distinguished local journalism in Dallas and throughout
America.”
About A. H. Belo Corporation
A. H. Belo Corporation is the leading local news and information
publishing company in Texas with commercial printing, distribution
and direct mail capabilities, as well as a presence in emerging
media and digital marketing. While focusing on extending the
Company’s media platforms, A. H. Belo delivers news and information
in innovative ways to a broad range of audiences with diverse
interests and lifestyles. For additional information, visit
www.ahbelo.com or email invest@ahbelo.com.
Contact:Katy Murray214-977-8869
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