A. H. Belo Announces Partnership with Media Startup Accelerator, Matter
18 February 2015 - 3:08AM
Business Wire
A. H. Belo (NYSE: AHC) announced today that it has
signed on as a partner with Matter, a San Francisco-based venture
capital firm and incubator that supports promising media startups
and entrepreneurs.
“Our participation with Matter gives us an opportunity to
explore some of the most creative ways that technology is being
used to enhance the way consumers engage with journalism,” said Jim
Moroney, chairman, president and chief executive officer of A. H.
Belo. “As a publishing company, we have to be continually looking
for more ways to align what we publish and how we publish with the
evolving ways consumers are getting their news and information. In
addition, the culture of innovation that Corey Ford has built in
Matter is one we will learn from and we will work to instill in our
own company. Creating a culture that supports and drives
‘sustaining innovation’ is a critical component of our business
strategy."
A. H. Belo joins three other media companies – The Associated
Press, The McClatchy Company, and Community Newspaper Holdings Inc.
– as new organizational partners. They join three founding partners
– KQED Public Media for Northern California, the John S. and James
L. Knight Foundation and Public Radio Exchange – which collectively
launched Matter in 2012.
The new partnership features a powerful mix of international,
national and local media organizations with a vast reach across
television, radio, digital and print. The network of media partners
gives participating startups extensive mentorship by industry
leaders, connections to potential customers and real-world
opportunities to test their ideas.
Matter looks for startups that have potential to become
meaningful media institutions of the future – creating a more
informed, connected and empowered society. For each selected
company, Matter provides seed capital of $50,000 and an intensive,
five-month program at its San Francisco headquarters for the
budding entrepreneurs to refine their business plans, develop
prototypes, work collaboratively with other entrepreneurs and learn
from leaders in media and technology. The program culminates with
presentations in San Francisco and New York in front of a select
group of investors, media executives, mentors and others.
About A. H. Belo
A. H. Belo Corporation (NYSE: AHC) is a leading local news and
information publishing company with commercial printing,
distribution and direct mail capabilities, as well as businesses
with expertise in emerging media and digital marketing. With a
continued focus on extending our media platform, we are able to
deliver news and information in innovative ways to new audiences
with diverse interests and lifestyles. For additional information,
visit ahbelo.com, email invest@ahbelo.com.
for A. H. BeloKerri Fulks, 972-499-6617
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