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A. H. Belo Corporation
Newspaper Publisher A. H. Belo Corporation Announces Cost Savings Initiatives and Plan Amendments
April 17th, 2009
Newspaper publisher A. H. Belo Corporation (NYSE:AHC) released a "Letter to Colleagues" today from Robert W. Decherd, chairman, president and Chief Executive Officer. The letter outlines additional steps the Company is taking to reduce costs in response to continued revenue challenges. These actions include salary reductions for certain employees and the suspension of the A. H. Belo Pension Transition Supplement Plan contribution for 2009. A copy of the letter is posted on the Company's website (www.ahbelo.com) in the Investor Relations section. Additionally, A. H. Belo announced that its Board of Directors has approved the Company's previously-announced suspension of...
Source: Health Business Week (2009-04-17)
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