AH Belo Corp. (AHC) Reports Net Profit in Fourth Quarter of 2009
AH Belo Corp. reported net income of $5.6 million, or $0.27 per share, in the fourth quarter of 2009. This was a marked improvement from the net loss of $33.1 million, or $1.67 per share, in the fourth quarter of 2008. Despite the improvement in net income, revenues in the fourth quarter of 2009 fell on a year-over-year basis to $135.5 million, from $160.0 million in the fourth quarter of 2008. AH Belo Corporation also improved its balance sheet on a year over year basis. The company increased its cash balance to $24.5 million at December 31, 2009, from $9.8…