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paidContent - Earnings: AH Belo's Loss Widens;  Revs Fall 22 Percent

This story was written by David Kaplan.
Bucking the trend of newspapers publishers swinging to profit, AH Belo (NYSE: AHC) (NYSE: BLC) saw its net losses continue to expand and its revenues continuing to decline. The Dallas-based owner of The Providence Journal and The Dallas Morning News felt the impact of a $1.7 million ($0.10 per share) impairment charge for its investment in a “customer value management system” at its hometown paper.

While the company tried to hold down costs—for example, debt was held at $3.5 million as of June 30, 2009, down from $12.7 million last year—combined print and digital ad revenues were down 30.2 percent, due to declines in retail, general and classified. All told, the company’s net loss widened to $7.1 million from $3.1 million last year.

2Q 20092Q 2008Analysts’ Estimates For 2009
EPS -$0.34 -$0.16  
Net Income   -$7.1M   -$3.1M
Revenue $127.5M $163.2M  

Earnings release | Webcast (2:00PM EDT)


By David Kaplan
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