A. H. Belo Names Mike Lavey Vice President and Controller
January 06 2010 - 8:00AM
PR Newswire (US)
DALLAS, Jan. 6 /PRNewswire-FirstCall/ -- A. H. Belo Corporation
(NYSE: AHC) announced today that Michael N. Lavey has been promoted
to vice president/Controller. Lavey has more than 30 years of
accounting and finance experience, and has previously served as
corporate controller and chief financial officer for both public
and private companies. He will continue to report to Alison K.
Engel, senior vice president/Chief Financial Officer of A. H. Belo.
Since June 2009, Lavey has served as controller for A. H. Belo's
flagship newspaper, The Dallas Morning News. Lavey joined A. H.
Belo from imc2, a privately-owned digital advertising agency
headquartered in Dallas, where Lavey served as vice
president/Finance and a member of the Senior Leadership Team.
During his tenure at imc2, Lavey managed all financial functions
within the company. Prior to joining imc2, Lavey served as an
executive consultant for Alliance Data Systems in Dallas and
specialized in Sarbanes-Oxley assessments and related matters. "The
leadership and financial skills that Mike has brought to The Dallas
Morning News will now benefit the entire Company," said Engel. "His
expertise in managing change and looking at businesses
strategically, operationally and financially will help us identify
and realize cash-generative opportunities." Lavey previously served
as chief financial officer of Lighting Science Group Corporation,
and held various senior finance and accounting positions at
MetroPCS, Excel Communications/Vartec Telecom, BancTec and NAC.
Lavey also spent 8 years in the audit practice of Arthur Andersen,
where he focused on the technology and manufacturing sectors. Lavey
received a Bachelor of Business Administration from the University
of Michigan in 1979 and is a Certified Public Accountant. About A.
H. Belo Corporation A. H. Belo Corporation (NYSE:AHC),
headquartered in Dallas, Texas, is a distinguished newspaper
publishing and local 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, and its 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 David A. Gross, vice
president/Investor Relations and Strategic Analysis, at
214-977-4810. 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,
impairments, 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 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 the
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 and changes in interest rates; significant armed
conflict; and other factors beyond our control, as well as other
risks described in the Company's Annual Report on Form 10-K for the
year ended December 31, 2008, and other public disclosures and
filings with the Securities and Exchange Commission. DATASOURCE: A.
H. Belo Corporation CONTACT: David A. Gross, vice
president/Investor Relations and Strategic Analysis of A. H. Belo
Corporation, +1-214-977-4810 Web Site: http://www.ahbelo.com/
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