The upbeat comments came on the heels of a banking address that saw losses and acquirement declines in key categories. The aggregation acquaint a net accident of $1 million, or 5 cents a share, compared with a accumulation of $2.6 actor for the aforementioned three-month aeon aftermost year.
The third-quarter accident followed a second-quarter accident of $534,000, which was narrower than an $805,000 accident in the aforementioned division aftermost year. The aggregation appear a $4 actor accident in the aboriginal three months of 2018.
Earlier this week, the aggregation appear that its longtime home in city Dallas is beneath contract to a above North Texas development team. A. H. Belo said it stands to net $32 actor from the $33 actor auction of its 7.2-acre campus on Young and Houston streets.
Decherd said the company’s lath would adjudge the best use of the cash.
For the third quarter, A. H. Belo appear acquirement of $49.1 million, a bead of $11.5 million, or 19 percent, compared with the third division of 2017.
Print acquirement beyond the industry has collapsed for years as consumers drift to chargeless advice options on the Web and advertisers chase them there.
Third-quarter acquirement from announcement and business services, including book and agenda revenue, was $25.3 million, a year-over-year abatement of $9.6 million, or 27.6 percent. About $3 actor of that abatement was attributed to a change in the adjustment of recording revenue.
Circulation acquirement was $17.9 million, a abatement of $900,000, or 5 percent, from the year-ago period. The abatement was primarily due to a abatement in home commitment and distinct archetype volumes, partially account by distinct archetype amount increases.
The ablaze atom in the banking address was the awaiting auction of the above address to developer KDC, which is partnering with Dallas restaurateur and agent Mike Hoque in the deal. A. H. Belo confused to a new home in the above Dallas Public Library on Commerce Street in December.
Decherd said the aggregation was “very pleased” to accomplish the sale, acquainted that the transaction “involves able buyers who are acquainted of the accent of this site.”
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