January 8, 2013
DMNmedia Acquires Design Guide Publishing Company, Strengthening Luxury Portfolio
DALLAS-January 8, 2013- DMNmedia, the marketing solutions group of The Dallas Morning News, Inc., has acquired the assets of DG Publishing, Inc. (DGP), a portfolio company of Elm Creek Partners, a Dallas-based private equity firm . DGP is a magazine publisher of high-end resource guides including Design Guide Texas and The Texas Wedding Guide . The purchase further strengthens the News' media portfolio in the luxury magazine segment and will complement FD Luxe, a premium lifestyle magazine targeting affluent consumers in North Texas.
Design Guide Texas (www.dgpublications.com), published two times per year, is the state's premier source for the finest home furnishings, products and services available, and is distributed to interior designers, affluent homes valued at more than $750,000, newsstands, events and clients throughout Dallas, Houston, Austin and San Antonio.
The Texas Wedding Guide (www.txweddings.com), published two times per year, is the state's ultimate wedding planner, keeping readers up-to-date on the latest wedding trends, and is distributed throughout Texas to registered brides, bridal shows, bridal boutiques and newsstands.
"The DGP brands have been leaders in their respective markets for more than 20 years," said Richard S. Alfano, Group Publisher and General Manager, DMNmedia, who will lead this business . "We look forward to expanding the reach and comprehensiveness of our multimedia services in the home interior, wedding and luxury lifestyle categories to our consumers and clients."
"We are delighted to have completed this transaction. Under DMNmedia's direction, we see even more opportunities for readers, advertisers, and employees," said Zach Wooldridge of Elm Creek Partners.
About The Dallas Morning News and DMNmediaEstablished in 1885, The Dallas Morning News (dallasnews.com) is Texas' leading newspaper and the flagship newspaper subsidiary of A. H. Belo Corporation. It has received nine Pulitzer Prizes since 1986, as well as numerous other industry awards recognizing the quality of its investigative and feature journalism, design and photojournalism. Its portfolio of print and digital products reaches an average daily audience of more than 1.1 million people and includes online news and information sites; iPhone, Android and iPad apps; Al Dia ( www.aldiatx.com ), the leading Spanish-language daily in North Texas; neighborsgo ( neighborsgo.com ), a consumer-generated community news outlet; and Briefing , the free, home-delivered quick-read.
To advertisers, the portfolio of products is represented by DMNmedia ( www.DMNmedia.com ), the marketing solutions group of The Dallas Morning News , Inc.
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 related websites. A. H. Belo publishes The Dallas Morning News, Texas' leading newspaper and winner of nine Pulitzer Prizes; The Providence Journal, the oldest continuously-published daily newspaper in the United States and winner of four Pulitzer Prizes; The Press-Enterprise (Riverside, CA), serving the Inland Southern California region and winner of one Pulitzer Prize; and the Denton Record-Chronicle. The Company publishes niche publications targeting specific audiences, and its investments and/or partnerships include Classified Ventures, owner of Cars.com, 508 Digital, Speakeasy, and the Yahoo! Newspaper Consortium. A. H. Belo also owns and operates commercial printing, distribution and direct mail service 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, impairments, pension plan contributions, real estate sales, 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 methods, patterns and demography, and audits and related actions by the Audit Bureau of Circulations; challenges implementing increased subscription pricing and new pricing structures; 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 existing and new competitors and suppliers; labor relations; 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; pension plan matters; 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, 2011, and other public disclosures and filings with the Securities and Exchange Commission.