Earnings: A.H. Belo Pays Down Debt, Reports $7.1 Million Loss
Newspaper publisher A.H. Belo (Dallas Morning News, The Providence Journal, etc) reported a second quarter loss of $7.1 million on revenues of $127.5 million today.
Ad revenue in both print and online was off 20 percent or more; online revenue made up just 7.6 percent of total revs last quarter, woefully low compared to others in the industry.
Some losses were offset by a 9.9 percent increase in circulation revenue due to a newsstand price hike, and expenses were down thanks in part to cuts in April when 500 employees across the company were
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