DALLAS, July 16, 2012 /PRNewswire/ -- The Dallas
Morning News announced today that it has acquired Pegasus
News (www.pegasusnews.com), an online news and information
business serving Dallas-Fort
Worth, from PanLocal Media LLC, a subsidiary of Archstream
LLC of Dallas. The purchase further strengthens The Dallas
Morning News' position as the leading source of up-to-date
local news and entertainment information.
Rich Alfano, General Manager of
The Dallas Morning News' Arts and Entertainment business,
said, "Pegasus News allows us to reach more consumers and
strengthens our ability to provide the latest and most relevant
information about places to visit, events, music and
restaurants. Pegasus News' hyperlocal data provides
consumers with information on approximately 225,000 places, 5,000
events, 4,200 restaurants, 2,500 bands and Friday Night
specials."
Sarah Blaskovich, Editor of
Pegasus News, said, "By combining Pegasus News'
content and technology with The Dallas Morning News'
distribution, marketing and sales capabilities, we are creating new
and exciting opportunities for Pegasus' audiences and
advertisers. It's an exciting time for digital news and
information companies like Pegasus News, and we're
thrilled to be teaming up with the largest creator of proprietary
local news and information in Dallas-Fort
Worth."
About The Dallas Morning News
Established in 1885, The Dallas Morning News
(dallasnews.com) is Texas' leading
newspaper and the flagship newspaper subsidiary of A. H. Belo
Corporation. It has received nine Pulitzer Prizes since 1986, as
well as numerous other industry awards recognizing the quality of
its investigative and feature journalism, design and
photojournalism. Its portfolio of print and digital products
reaches an average daily audience of more than 1.1 million people
and includes online news and information sites; iPhone, Android and
iPad apps; Al Dia (www.aldiatx.com), the leading
Spanish-language daily in North
Texas; neighborsgo (neighborsgo.com), a
consumer-generated community news outlet; and Briefing, the
free, home-delivered quick-read.
To advertisers, the portfolio of products is represented by
DMNmedia (www.DMNmedia.com), the marketing solutions group of The
Dallas Morning News, Inc.
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 related 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 United States 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 niche
publications targeting specific audiences, and its investments
and/or partnerships include Classified Ventures, owner of Cars.com,
and the Yahoo! Newspaper Consortium. 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, 2011, and other
public disclosures and filings with the Securities and Exchange
Commission.
SOURCE The Dallas Morning News