May 14, 2009
Newspaper Publisher A. H. Belo Corporation Holds Annual Meeting of Shareholders
DALLAS - Newspaper publisher A. H. Belo Corporation (NYSE: AHC) held its Annual Meeting of Shareholders today. Shareholders elected director nominee Tyree B. (Ty) Miller to the Company's Board of Directors and re-elected three Class I directors: Douglas G. Carlston, a director since December 2007 and chairman of Public Radio International, Dealey D. Herndon, a director since December 2007 and project manager at the State Preservation Board of the State of Texas, and David R. Morgan, a director since May 2008 and chief executive officer of Simulmedia, Inc., a New York City-based media technology company. The Class I directors are eligible to serve a three-year term until the 2012 annual meeting.
Miller, 55, is a private investor whose professional career was spent primarily with Bank One and its successor JPMorgan Chase. During his 28-year career with Bank One, Miller held several executive positions, including President and Chief Executive Officer of Bank One Global Treasury Services from 2000-2004 and Chairman and Chief Executive Officer of Bank One, Texas NA from 1998-2000. From October 2005 to February 2008, Miller was a Venture Partner with Austin Ventures, a venture capital firm. Miller is also active in numerous industry and civic affairs. As a Class III director, Miller is eligible to serve a two-year term until the 2011 annual meeting.
Shareholders also ratified the appointment of KPMG LLP as A. H. Belo's independent registered public accounting firm and approved the A. H. Belo 2008 Incentive Compensation Plan. The plan provides long-term and short-term incentives to executives, key employees and directors.
In his remarks at the Annual Meeting, Robert W. Decherd, chairman, president and Chief Executive Officer, reviewed A. H. Belo's 2008 financial performance and commented on the significant progress made on key strategic initiatives.
A replay of the Webcast of the Annual Meeting of Shareholders can be found at the Company's Web site at www.ahbelo.com/invest.
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 www.ahbelo.com or by contacting Alison K. Engel, senior vice president/Chief Financial Officer, at 214-977-2248.
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, 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, interest rates, 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; 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.