A. H. Belo Corporation Announces Robert Decherd Stock Purchase
21 February 2020 - 8:45AM
A. H. Belo Corporation (NYSE: AHC) said today that Robert
W. Decherd, the Company’s chairman, president and Chief Executive
Officer, has acquired 125,844 shares of the Company’s
Series B stock and 2,000 shares of
Series A stock in private transactions with members of
the Moroney family. With these purchases, Decherd and
The Decherd Foundation own 91.6 percent of the
Company’s Series B shares and his total voting power is
approximately 52.6 percent.
Except for an additional purchase of 1,000
Series A shares expected to be made next week in a
private transaction, Decherd has no plans to acquire additional
shares of Series A or Series B stock in the
foreseeable future.
About A.
H. Belo
Corporation
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 invest@ahbelo.com.
Statements in this communication concerning A. H. Belo
Corporation’s business outlook or future economic performance,
revenues, expenses, and other financial
and non-financial items that are not historical facts,
including statements of the Company’s expectations relating to the
outcome of its ongoing review of asset impairment and related items
and the timing of its anticipated restatement of annual and
quarterly reports with the Securities and Exchange Commission, 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.
Contact:Katy Murray214-977-8869
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