A.H. Belo Earnings Drop Moderates

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A.H. Belo, (AHC), the publisher of daily newspapers and websites nationwide, announced on Monday the smallest revenue decline it has experienced in the last two years.

Since the company was spun off from parent Belo Corporation in 2008, it has struggled to find profits. However, in the most recent quarter, the company reported losses of $171,000, or one cent per share, improved from last year’s losses of $7.1 million, or 34 cents per share.

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The company’s revenue dropped 5% to hit $121.6 million, while ad revenue improved drastically from a 30% decline last year to a 12% decline in the second quarter this year. The company owns both The Providence Journal and The Dallas Morning News, among others.

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