Newspaper company A.H. Belo posted a first quarter 2010 loss of $9.1 million, up from a loss of over $100 million in Q1 2009.
A. H. Belo, which owns The Providence Journal, The Dallas Morning News, The (Riverside, Ca.) Press-Enterprise and the Denton Record-Chronicle, cut costs by about $25 million; plus, in 2009, the company was hit by an $80 million writedown, which explains why its Q1 2009 was so wretched.
A. H. Belo may not be out of the woods yet; revenue fell by 9.9 percent, which is the lowest year-over-year decline for the company in two years. Ad revenue fell nearly 20 percent.
These numbers are not encouraging; when other newspaper companies are posting revenue declines of 4 percent or so and single-digit ad revenue drops; compared to those papers, A. H. Belo’s still bleeding money.