A. H. Belo Corporation Announces Election of Directors
September 12 2011 - 5:00PM
Business Wire
A. H. Belo Corporation (NYSE: AHC) today announced that John A.
Beckert, a special advisor for Dallas-based private equity firm
Highlander Partners, L. P., and Nicole G. Small, chief executive
officer of the Museum of Nature & Science in Dallas, have been
elected directors by the Company’s Board of Directors. Beckert and
Small will serve on each of the Board’s standing committees.
Beckert, a Class I Director, and Small, a Class II Director, will
stand for re-election at the Company’s 2012 annual meeting.
Beckert, 58, is a longtime Dallas resident with 30 years of
hotel, resort and private club development experience. Prior to
joining Highlander Partners, he was chief executive officer and
president of ClubCorp, Inc., the world leader in private clubs.
From 2000 to 2002, Beckert served as a partner at Seneca Advisors
L.L.P., a hotel and resort consulting and investment firm, and was
chief operating officer of Bristol Hotel & Resorts from 1985 to
2000. Beckert currently serves on the board of Meisel, a
Dallas-based digital imaging printer in which he owns an equity
interest. He is also chairman of the board of The Composite Group,
a company that develops and manufactures thermoset plastic
compounds and custom molded components.
Robert W. Decherd, chairman, president and Chief Executive
Officer of A. H. Belo Corporation, said, “John’s CEO experience
across several industries, combined with his keen understanding of
the Dallas community, will give the Board important perspective as
we refine A. H. Belo’s strategy.”
Beckert said, “A. H. Belo’s distinguished history and many
successes are the foundation for the Board’s responses to rapid
secular changes the newspaper industry faces. I’m eager to get
involved in the process of identifying and implementing viable
solutions.”
Small, 38, is a Dallas native who has served as chief executive
officer of the Museum of Nature & Science for nearly a decade
and leads the Museum’s $185 million expansion campaign that is
nearing completion. During her tenure, Small and the Museum Board
were recognized nationally for leading a merger of three
institutions to create the Museum of Nature & Science.
Previously, Small was a strategy consultant for venture capital
firms and also served as entrepreneur in residence at Idealab!.
Small co-founded Webwisher.com in 1998 and served as the company’s
chief executive officer until its acquisition by Della.com (which
later became Wedding Channel.com). Earlier in her career, Small
served as an analyst at McKinsey & Company, Inc.
Decherd said, “Nicole is known across the country for driving
organizations to set and meet ambitious goals. Her expertise in
developing and implementing transformational strategies will
enhance our deliberations about future business models and managing
A. H. Belo’s transition to a digital environment.”
Small said, “A. H. Belo’s commitment to journalism has never
been more relevant or important. I look forward to contributing to
the Company’s efforts to develop a lasting business model that
sustains this commitment.”
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 websites. A. H. Belo publishes The Dallas
Morning News, Texas’ leading newspaper and winner of nine Pulitzer
Prizes; 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 the Inland Southern
California region and winner of one Pulitzer Prize; and the Denton
Record-Chronicle. The Company publishes various niche publications
targeting specific audiences, and its partnerships and/or
investments include the Yahoo! Newspaper Consortium and Classified
Ventures, owner of cars.com. A. H. Belo also owns and operates
commercial printing, distribution and direct mail service
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 implementing increased subscription pricing and new
pricing structures; 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
existing and new competitors and suppliers; labor relations;
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, 2010, and other public disclosures and filings with
the Securities and Exchange Commission
A H Belo (NYSE:AHC)
Historical Stock Chart
From Sep 2024 to Oct 2024
A H Belo (NYSE:AHC)
Historical Stock Chart
From Oct 2023 to Oct 2024