12/10/2019 | Press release | Distributed by Public on 12/10/2019 15:48
December 10, 2019
A. H. Belo Corporation Announces Robert Decherd Stock Purchase
DALLAS-A.H.BeloCorporation(NYSE:AHC)announced today that Jim Moroney, a director and former Chief Executive Officer of the Company, has sold a substantial portion of his holdings of A. H. Belo Series A and Series B Common Stock to Robert W. Decherd, the Company's Chairman of the Board and Chief Executive Officer in several transactions. These transactions include Series A and Series B holdings of the Jim and Lynn Moroney Family Foundation, Moroney Family Belo LLC, Moroney Venture Capital LP, and Moroney Preservation Limited, in addition to purchases from other Moroney family members.
A. H. Belo Corporation is the leading local news and information publishing company in Texas. The Company has commercial printing, distribution and direct mail capabilities, as well as a presence in emerging media and digital marketing. While focusing on extending the Company's media platforms, A. H. Belo delivers news and information in innovative ways to a broad range of audiences with diverse interests and lifestyles. For additional information, visit www.ahbelo.com or email [email protected].
Statements in this communication concerning A. H. Belo Corporation's business outlook or future economic performance, anticipated profitability, revenues, expenses, dividends, capital expenditures, investments, dispositions, impairments, business initiatives, acquisitions, pension plan contributions and obligations, real estate sales, working capital, 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, trends and uncertainties are, in most instances, beyond the Company's control, and include changes in advertising demand and other economic conditions; consumers' tastes; newsprint prices; program costs; labor relations; technology obsolescence; as well as other risks described in the Company's Annual Report on Form 10-K and in the Company's other public disclosures and filings with the Securities and Exchange Commission. Forward-looking statements, which are as of the date of this filing, are not updated to reflect events or circumstances after the date of the statement.