A. H. Belo Corporation Announces Robert Decherd Stock Purchase
December 10 2019 - 4:40PM
A. H. Belo Corporation (NYSE: AHC) announced today that Jim
Moroney, a director and former Chief Executive Officer of the
Company, has sold a substantial portion of his holdings of A. H.
Belo Series A and Series B Common Stock to Robert W. Decherd, the
Company’s Chairman of the Board and Chief Executive Officer in
several transactions. These transactions include Series A and
Series B holdings of the Jim and Lynn Moroney Family Foundation,
Moroney Family Belo LLC, Moroney Venture Capital LP, and Moroney
Preservation Limited, in addition to purchases from other Moroney
family members.
About A.
H. Belo
Corporation
A. H. Belo Corporation is the leading local news and information
publishing company in Texas. The Company has 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.
Statements in this communication concerning A. H. Belo
Corporation’s business outlook or future economic performance,
anticipated profitability, revenues, expenses, dividends, capital
expenditures, investments, dispositions, impairments, business
initiatives, acquisitions, pension plan contributions and
obligations, real estate sales, working capital, 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, trends and uncertainties are, in most
instances, beyond the Company’s control, and include changes in
advertising demand and other economic conditions; consumers’
tastes; newsprint prices; program costs; labor relations;
technology obsolescence; as well as other risks described in the
Company’s Annual Report on Form 10-K and in the Company’s other
public disclosures and filings with the Securities and Exchange
Commission. Forward-looking statements, which are as of the date of
this filing, are not updated to reflect events or circumstances
after the date of the statement.
Contact:Katy Murray214-977-8869
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