Newspaper publisher A.H. Belo Corporation (AHC) reported a loss of $5.8 million dollars on revenues of $126.9 million for the third quarter of 2009. The drop in revenue was a 17.5 percent decline compared to the third quarter of 2008, but flat compared to last quarter.
Ad revenue fell another 27 percent; expenses fell almost 20 percent across the board in salaries, distribution costs, and the cost of newsprint.
Belo publishes The Dallas Morning News, the Providence Journal, the Denton Record-Chronicle, and the (Riverside, Calif.) Press Enterprise, which just laid off 40 earlier this month, and which is stationed in the city with one of the highest unemployment rates in the country.
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