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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 30, 2008
A. H. BELO CORPORATION
(Exact name of registrant as specified in its charter)
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Delaware
(State or other jurisdiction
of in Company or organization)
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1-33741
(Commission File Number)
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38-3765318
(I.R.S. Employer
Identification No.) |
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P. O. Box 224866 |
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Dallas, Texas
(Address of principal executive offices)
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75222-4866
(Zip Code) |
Registrants telephone number, including area code: (214) 977-8200
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 7.01. Regulation FD Disclosure.
On January 30, 2008, the information in the next paragraph regarding the Company was included
in a presentation at an investor conference in New York, New York. A press release was issued the
same day. (On January 22, 2008, Belo Corp. issued a press release (a) announcing the January 30,
2008 investor conference in New York, New York, and (b) including instructions as to when and how
to access the presentation and the location on Belo Corp.s Web site where the information is
available. The information is also available on the Companys Web site at www.ahbelo.com/invest.)
The Companys total revenues decreased approximately 9.7 percent in 2007 and approximately
11.5 percent in the fourth quarter of 2007 compared to the prior year and prior year quarter,
respectively. Total newspaper advertising revenues were down approximately 10.9 percent in 2007
and approximately 13.7 percent in the fourth quarter. The fourth quarter of 2006 had one more
Sunday than the fourth quarter of 2007. Adjusting for the additional Sunday, total advertising
revenues were down approximately 12 percent in the fourth quarter of 2007. Advertising revenues
associated with the Companys Web sites increased approximately 19.5 percent in 2007 and
approximately 15.4 percent in the fourth quarter. Subject to economic conditions and related
advertiser responses to consumer spending patterns, the Company expects newspaper advertising
revenues to decrease in 2008 but not at the levels experienced in 2007, with decreases at The
Providence Journal and The Press-Enterprise expected to be more substantial than at The Dallas
Morning News.
Statements in this Item 7.01 concerning the Companys business outlook or future economic
performance, anticipated profitability, revenue, expenses, dividends, capital expenditures,
investments, future financings, or other financial and non-financial items that are not historical
facts, are forward-looking statements as the term is defined under applicable federal securities
laws. Forward-looking statements are subject to risks, uncertainties and other factors that could
cause actual results to differ materially from those statements.
Such risks, uncertainties and factors include, but are not limited to, uncertainties regarding
the execution, timing, costs, consequences (including tax consequences), and other effects of the
spin-off of the newspaper business of Belo Corp. to the Company; changes in capital market
conditions and prospects, and other factors such as changes in advertising demand, interest rates
and newsprint prices; newspaper circulation matters, including changes in readership patterns and
demography, and audits and related actions by the Audit Bureau of Circulations; technological
changes; development of Internet commerce; industry cycles; changes in pricing or other actions by
competitors and suppliers; Federal Communications Commission and other regulatory changes; adoption
of new accounting standards or changes in existing accounting standards by the Financial Accounting
Standards Board or other accounting standard-setting bodies or authorities; the effects of Company
acquisitions and dispositions; general economic conditions; and significant armed conflict, as well
as other risks detailed in A. H. Belos and Belos other public disclosures, and filings with the
Securities and Exchange Commission (SEC) including the Companys information statement on Form
10.
The information in this Item 7.01 is intended to be furnished pursuant to Regulation FD (17
CFR 243.100-243.103) and shall not be deemed to be filed for purposes of the Securities Exchange
Act of 1934.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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Date: January 31, 2008 |
A. H. BELO CORPORATION
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By: |
/s/ Alison K. Engel |
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Alison K. Engel |
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Senior Vice President/Chief
Financial Officer |
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