In Late Filing, ‘Dallas Morning News’ Parent Says It Ended ’09 With $107.9 Million Loss

By: E&P Staff

In a late filing of its annual report with the U.S. Securities and Exchange Commission (SEC) , A.H. Belo Corp. said it lost $107.9 million, or $5.25 per share for the full year of 2009. The Dallas Morning News parent also said it ended the fourth quarter with a profit of $5.6 million, or 27 cents a share.

In the final quarter, revenue fell 15% from a year ago to $135.5 million.

The results were the same as the newspaper company had indicated last February. A.H. Belo missed the SEC deadline for the 10K filing because it was recalculating how to account for pension costs as a result of its spin-off as a newspaper pure-play from Belo Corp.

A. H. Belo said it expects to pay about $22.9 million in employee pension contributions in 2011, up from about $8.6 million this year. The pension plan has been frozen since 2007.

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