Editor & Publisher Issues Correction
September 29 2009 - 5:39PM
PR Newswire (US)
DALLAS, Sept. 29 /PRNewswire-FirstCall/ -- Newspaper publisher A.
H. Belo Corporation (NYSE:AHC) said today that Editor &
Publisher magazine erroneously reported in a September 28, 2009
article that A. H. Belo has a pension plan that is underfunded by
$575 million. Editor & Publisher corrected the article today on
its Web site. A. H. Belo does not currently maintain a pension plan
although, as publicly disclosed in its SEC filings, it is obligated
to make contributions to a pension plan maintained by Belo Corp.
(NYSE:BLC), a separate publicly-traded television company.
According to Belo Corp.'s public SEC filings, its pension plan was
underfunded by approximately $193 million at December 31, 2008. The
plan's funding status will be updated at year-end and will reflect
improved investment performance during 2009. The pension plan
maintained by Belo Corp. covers both Belo Corp. and A. H. Belo
employees and other participants and therefore the underfunded
amount relates to participants affiliated with both companies. If
there are questions concerning these matters, please contact Alison
K. Engel, senior vice president/Chief Financial Officer, at
214-977-2248; e-mail . About A. H. Belo Corporation A. H. Belo
Corporation (NYSE:AHC), headquartered in Dallas, Texas, is a
distinguished newspaper publishing and local news and information
company that owns and operates four daily newspapers and a diverse
group of Web sites. A. H. Belo publishes The Dallas Morning News,
Texas' leading newspaper and winner of eight Pulitzer Prizes since
1986; The Providence Journal, the oldest continuously-published
daily newspaper in the U.S. and winner of four Pulitzer Prizes; The
Press-Enterprise (Riverside, CA), serving southern California's
Inland Empire region and winner of one Pulitzer Prize; and the
Denton Record-Chronicle. The Company publishes various specialty
publications targeting niche audiences, and its partnerships and/or
investments include the Yahoo! Newspaper Consortium and Classified
Ventures, owner of cars.com. A. H. Belo also owns direct mail and
commercial printing businesses. Additional information is available
at http://www.ahbelo.com/ or by contacting Alison K. Engel, senior
vice president/Chief Financial Officer, at 214-977-2248.
DATASOURCE: A. H. Belo Corporation CONTACT: Alison K. Engel, senior
vice president/Chief Financial Officer of A. H. Belo Corporation,
+1-214-977-2248 Web Site: http://www.ahbelo.com/
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