A. H. Belo Q2 Profit Rises

(RTTNews) - A. H. Belo Corp. (AHC) reported second-quarter net income of $1.18 million or $0.05 per share up from $262 thousand or $0.01 per share in the second quarter of 2012.

Second quarter 2013 results include a decline in advertising and marketing services revenues of 4 percent, the lowest year-over-year quarterly decline since the Company's spin-off from Belo Corp. in 2008. This improvement was driven by a 1 percentincrease in advertising and marketing services revenue at The Dallas Morning News, which is partly attributable to revenue diversification initiatives.

On July 8, The Press-Enterprise sold certain equipment which was idled in 2012 when the newspaper ceased printing certain unprofitable commercial products. This transaction generated net proceeds of $0.5 million and a gain of $0.3 million.

Total revenue was $104.5 million in the second quarter of 2013, a decrease of 4 percent compared to the prior year period. Total revenue at The Dallas Morning News remained flat compared to prior year.

On June 19, Decherd announced that he will retire as Chief Executive Officer in September and remain on the Board of Directors. James Moroney III will become CEO at that time in addition to his current role as Publisher and CEO of The Dallas Morning News. Moroney will also be elected to the Company's Board of Directors.