Earnings: AH Belo Q1 Revenue Down 8.5 Percent; $12 Million In Online Revenue
This story was written by Joseph Weisenthal.
The steady stream of rough newspaper earnings continues with AH Belo (NYSE: BLC), the newspaper half of the old Belo corp., which reported Q1 revenue of $150.2 million, down 8.7 percent from $175.7 million last year. The net loss actually narrowed slightly, to $8.7 million from $9.4 million, although this quarter included a major tax benefit. Without it, the company lost $13.98 million, compared to $8.7 million a year ago. AH Belo reported $12 million in online revenue, representing 7.5 percent of the total. It did not specify how this compared to last year.
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By Joseph Weisenthal