AH Belo Slims Loss; Digital Revs Dragged Down By Classifieds
-
Comments (View)
- Text Size: A A
-
Email
-
Share
AH Belo (NYSE: AHC) came pretty close to reversing its net loss as revenue declines continued to abate in Q2. But the improving ad market only went so far for the Dallas Morning News publisher. The same was largely true for its newspaper peers last week. Digital revenue for the Dallas-based company was down 4.3 percent to $9.3 million. However non-classified digital ad dollars were up 2.5 percent to $4.2 million.
Much of the turnaround on the profit side was due to cost-cutting, which has been a trend at newspaper companies for the past year. Combined operating expenses in Q2 were $126.1 million, a decrease of 4.5 percent compared to same time the year before. In particular, newsprint expense in the second quarter of 2010 was $9.2 million, a decrease of 27.1 percent.
| EPS* | Rev. vs Q209 | Net Inc. vs Q209 | ||
|---|---|---|---|---|
| AH Belo | Release | N/A |
4.7%
|
97.1%
|
Beat
Met
Missed
Posted In: Media & Publishing, Newspapers, Money, Earnings, ah belo
VOD Movies (RENTRAK)
Social Standing
Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?
Show Me: