A.H. Belo Posts Higher First-quarter Net Loss on Lower Advertising Revenue
Posted: 4/30/2013 | By: Sheryl Jean | The Dallas Morning News
A.H. Belo Corporation, the owner of The Dallas Morning News, on Monday reported a higher quarterly net loss because of lower advertising revenue.
Other newspaper companies, including McClatchy Co. and the New York Times Co., also have reported either larger first-quarter net losses or a sharp decline in net profit for similar reasons.
A.H. Belo’s net loss for the first quarter was $8 million, or 37 cents a share, compared with a net loss of $3.9 million, or 18 cents a share, a year earlier. Total revenue fell 5 percent to $99.3 million.
Other newspaper companies, including McClatchy Co. and the New York Times Co., also have reported either larger first-quarter net losses or a sharp decline in net profit for similar reasons.
A.H. Belo’s net loss for the first quarter was $8 million, or 37 cents a share, compared with a net loss of $3.9 million, or 18 cents a share, a year earlier. Total revenue fell 5 percent to $99.3 million.