Earnings: AH Belo’s Loss Widens; Revs Fall 22 Percent

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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 2009 2Q 2008
EPS -$0.34 -$0.16
Net Income -$7.1M -$3.1M
Revenue $127.5M $163.2M

Earnings release | Webcast (2:00PM EDT)

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