DALLAS, Sept. 29 /PRNewswire-FirstCall/ -- Newspaper publisher A. H. Belo Corporation 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. , 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 aengel@ahbelo.com.
About A. H. Belo Corporation
A. H. Belo Corporation , 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.
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/
