Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - DallasNews Corp | d76417e8vk.htm |
| EX-10.1 - EX-10.1 - DallasNews Corp | d76417exv10w1.htm |
Exhibit 99.1
A. H. Belo Corporation
| FOR IMMEDIATE RELEASE | ||
| Thursday, September 23, 2010 | ||
| 7:00 A.M. CDT |
Newspaper Publisher A. H. Belo Corporation Announces
Election of Ronald D. McCray as a Director
Election of Ronald D. McCray as a Director
DALLAS — Newspaper publisher A. H. Belo Corporation (NYSE: AHC) today announced that Ronald
D. McCray, most recently vice president and chief administrative officer of Nike, Inc., was elected
a director by the Company’s Board of Directors. McCray will stand for re-election as a Class I
Director at the Company’s annual meeting in 2011.
McCray brings nearly 30 years of experience to A. H. Belo’s Board. Prior to Nike, McCray
spent two decades at Kimberly-Clark Corporation, where he served as senior vice president/Law and
Government Affairs and chief compliance officer. Earlier in his career, McCray served in the
corporate law practices of Jones Day and Weil, Gotshal & Manges. McCray is a member of boards or
advisory groups at Cornell University, Harvard Law School, Boston Championship Basketball Partners
LLC (owner of the Boston Celtics) and several non-profit organizations. Between 2003 and 2006,
McCray served on the board of directors of newspaper publisher Knight-Ridder, Inc.
Robert W. Decherd, chairman, president and Chief Executive Officer, said, “Ron is a longtime
resident of Dallas and a recognized leader in our community. His executive, legal and board level
experience managing change across a range of industries will strengthen the Company’s ability to
identify, evaluate and pursue opportunities that align with A. H. Belo’s strategy and create value
for shareholders.”
McCray said, “I am excited about this unique opportunity to help build on A. H. Belo’s record
of journalistic and financial excellence as it addresses the challenges and opportunities facing
the newspaper publishing industry.”
-more-
P. O. Box 224866 Dallas, Texas 75222-4866 Tel. 214.977.8200 Fax 214.977.8201
www.ahbelo.com Deliveries: 400 South Record Street Dallas, Texas 75202-4806
www.ahbelo.com Deliveries: 400 South Record Street Dallas, Texas 75202-4806
Newspaper Publisher A. H. Belo Corporation Announces
Election of Ronald D. McCray as a Director
September 23, 2010
Page Two
Election of Ronald D. McCray as a Director
September 23, 2010
Page Two
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 nine 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 www.ahbelo.com or by contacting David A. Gross,
vice president/Investor Relations and Strategic Analysis, at 214-977-4810.
Statements in this communication concerning A. H. Belo Corporation’s (the “Company’s”) business
outlook or future economic performance, anticipated profitability, revenues, expenses, dividends,
capital expenditures, investments, impairments, pension plan contributions, real estate sales,
future financings, and 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, changes in capital market
conditions and prospects, and other factors such as changes in advertising demand and newsprint
prices; newspaper circulation trends and other circulation matters, including changes in readership
methods, patterns and demography, and audits and related actions by the Audit Bureau of
Circulations; challenges in achieving expense reduction goals, and on schedule, and the resulting
potential effects on operations; technological changes; development of Internet commerce; industry
cycles; changes in pricing or other actions by competitors and suppliers; regulatory, tax and legal
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, dispositions, co-owned ventures, and investments; pension plan
matters; general economic conditions and changes in interest rates; significant armed conflict; and
other factors beyond our control, as well as other risks described in the
Company’s Annual Report on Form 10-K for the year ended December 31, 2009, and other public
disclosures and filings with the Securities and Exchange Commission.
P. O. Box 224866 Dallas, Texas 75222-4866 Tel. 214.977.8200 Fax 214.977.8201
www.ahbelo.com Deliveries: 400 South Record Street Dallas, Texas 75202-4806
www.ahbelo.com Deliveries: 400 South Record Street Dallas, Texas 75202-4806