Dallas Morning News Publisher Reports Narrowed 2Q Loss on Declining Revenue

A. H. Belo (AHC), the publisher of The Dallas Morning News and other newspapers, today reported a net second-quarter loss of $171,000, an improvement over a $7.1-million loss in the second quarter of 2009. Total revenue fell 4.7% year over year to $121.6 million.
CEO Robert Decherd said that the 4.7% revenue decline marked an improvement over the decline in the first quarter of 2010 and “and is the lowest year-to-year percent decline in more than two years.” He attributed improvement in the company’s earnings before interest, tax, depreciation and amortization (up 44% year over year) to performance at The Dallas Morning News.
Overall advertising revenue fell 12%. Digital ad revenue fell 4.3% to $9.3 million, thanks in part to sharp declines in online classified revenue. Circulation revenue climbed 6.6%, and “other” revenue rose 35%. The company brought down operating expenses 4.5% year over year to $126.1 million.