Newspaper Publisher A. H. Belo Corporation Holds Annual Meeting of Shareholders
15 May 2009 - 8:00AM
PR Newswire (US)
DALLAS, May 14 /PRNewswire-FirstCall/ -- 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 http://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 http://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.
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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