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Article: Newspaper Publisher A. H. Belo Corp. Posts 3Q 2009 Financial Results.(Financial report)
- Article from:
- Entertainment Close-up
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 Close-Up Media, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Newspaper publisher A. H. Belo Corp. on October 30 reported third quarter 2009 revenues of $126.9 million and a net loss of ($5.8) million, or ($0.28) per share, for the third quarter. Included in the net loss was a $20 million, or ($0.97) per share non-cash impairment charge and a $12 million or $0.58 per share, tax benefit.
During the third quarter, A. H. Belo recorded a $20 million non-cash impairment charge related to a packaging facility operated by The Dallas Morning News. As part of the Company's ongoing efforts to realign its business and reduce expenses, The Dallas Morning News will close the packaging facility as it consolidates production operations ...