Newspaper Publisher A. H. Belo Corporation Announces Engagement of New Auditing Firm and Nomination of Director
02 April 2009 - 11:00PM
PR Newswire (US)
DALLAS, April 2 /PRNewswire-FirstCall/ -- Newspaper publisher A. H.
Belo Corporation (NYSE:AHC) announced today that the Company has
engaged KPMG LLP as its independent registered public accounting
firm, succeeding Ernst & Young LLP. Robert W. Decherd,
chairman, president and Chief Executive Officer, said, "We thank
Ernst & Young for the service they have provided to A. H. Belo
before and after its transition to a separate public company. KPMG
was selected after a thorough proposal process that carefully
considered the needs of A. H. Belo in these challenging economic
times. Our team looks forward to working with KPMG in its new
role." A. H. Belo also announced that its Board of Directors has
nominated Tyree B. (Ty) Miller for election as a director of the
Company at the annual meeting of shareholders on May 14, 2009. If
elected, Miller will be a Class III director and his term will
expire at A. H. Belo's 2011 annual meeting. The A. H. Belo Board
will have eight directors with the addition of Miller. 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. "We are truly pleased that Ty Miller has agreed
to join the A. H. Belo Board while the Company and the newspaper
industry face so many challenges," said John P. Puerner, Chairman
of the Nominating and Governance Committee and Lead Director. "Ty's
background in banking and working with companies to re-think
business models will add immediate value to the Board's
deliberations." 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 http://www.ahbelo.com/ or by contacting Alison K. Engel, senior
vice president/Chief Financial Officer, at 214-977-2248.
DATASOURCE: A. H. Belo Corporation CONTACT: Alison K. Engel, senior
vice president/Chief Financial Officer of A. H. Belo Corporation,
+1-214-977-2248 Web Site: http://www.ahbelo.com/
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