10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended: September 30, 2014

OR

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file no.1-33741

(Exact name of registrant as specified in its charter)

Delaware	38-3765318
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
P. O. Box 224866, Dallas, Texas 75222-4866	(214) 977-8200
(Address of principal executive offices, including zip code)	(Registrant’s telephone number, including area code)

Former name, former address and former fiscal year, if changed since last report.

None

Indicate by check mark whether registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes   þ     No   o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes   þ     No   o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer:  o	Accelerated filer:  þ	Non-accelerated filer:  o	Smaller reporting company:  o
		(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).     Yes   o     No   þ

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest possible date.
	Outstanding at
Class	October 24, 2014
Common Stock, $.01 par value	21,872,537

Total Common Stock consists of 19,484,300 shares of Series A Common Stock and 2,388,237 shares of Series B Common Stock.

A. H. BELO CORPORATION

FORM 10-Q

TABLE OF CONTENTS

		Page
PART I
Item 1.	Financial Information	PAGE 1
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	PAGE 15
Item 3.	Quantitative and Qualitative Disclosures About Market Risks	PAGE 25
Item 4.	Controls and Procedures	PAGE 25
PART II
Item 1.	Legal Proceedings	PAGE 26
Item 1A.	Risk Factors	PAGE 26
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	PAGE 26
Item 3.	Defaults Upon Senior Securities	PAGE 26
Item 4.	Mine Safety Disclosures	PAGE 26
Item 5.	Other Information	PAGE 26
Item 6.	Exhibits	PAGE 27
Signatures		PAGE 30
Exhibit Index		PAGE 31

PART I

Item 1. Financial Information

A. H. Belo Corporation and Subsidiaries

Condensed Consolidated Statements of Operations

	Three Months Ended September 30,						Nine Months Ended September 30,
In thousands, except share and per share amounts (unaudited)	2014			2013			2014			2013
Net Operating Revenue
Advertising and marketing services	$	36,941		$	40,402		$	114,918		$	122,288
Circulation	21,219			21,787			63,458			64,024
Printing and distribution	7,763			5,284			21,200			16,390
Total net operating revenue	65,923			67,473			199,576			202,702
Operating Costs and Expense
Employee compensation and benefits	24,265			27,070			78,151			83,608
Other production, distribution and operating costs	29,846			28,511			87,930			85,640
Newsprint, ink and other supplies	7,910			8,370			24,012			25,484
Depreciation	3,341			3,661			10,099			11,504
Amortization	61			29			121			89
Total operating costs and expense	65,423			67,641			200,313			206,325
Income (loss) from operations	500			(168		)	(737		)	(3,623		)
Other Income (Expense), Net
Gains (losses) on equity method investments, net	(953		)	723			17,206			1,818
Interest income (expense)	—			108			—			(311		)
Other income, net	3,878			152			4,136			116
Total other income, net	2,925			983			21,342			1,623
Income (Loss) from Continuing Operations Before Income Taxes	3,425			815			20,605			(2,000		)
Income tax provision	1,156			384			3,475			1,373
Income (Loss) from Continuing Operations	2,269			431			17,130			(3,373		)
Income (loss) from discontinued operations	643			87			3,766			(3,202		)
Gain related to the divestiture of discontinued operations, net	17,134			4,746			17,109			4,746
Tax expense (benefit) from discontinued operations	1,652			(5		)	1,698			(138		)
Gain from Discontinued Operations, Net	16,125			4,838			19,177			1,682
Net Income (Loss)	18,394			5,269			36,307			(1,691		)
Net loss attributable to noncontrolling interests	(50		)	(52		)	(80		)	(171		)
Net Income (Loss) Attributable to A. H. Belo Corporation	$	18,444		$	5,321		$	36,387		$	(1,520	)
Per Share Basis
Basic and Diluted
Continuing operations	$	0.10		$	0.02		$	0.74		$	(0.15	)
Discontinued operations	0.74			0.22			0.87			0.07
Net income (loss) attributable to A. H. Belo Corporation	$	0.84		$	0.24		$	1.61		$	(0.08	)
Weighted average shares outstanding
Basic	21,890,754			21,943,876			21,927,920			22,005,705
Diluted	21,991,716			22,069,511			22,039,248			22,005,705

See accompanying Notes to Condensed Consolidated Financial Statements.

A. H. Belo Corporation Third Quarter 2014 on Form 10-Q PAGE 1

A. H. Belo Corporation and Subsidiaries

Condensed Consolidated Statements of Comprehensive Income (Loss)

	Three Months Ended September 30,						Nine Months Ended September 30,
In thousands (unaudited)	2014			2013			2014			2013
Net Income (Loss)	$	18,394		$	5,269		$	36,307		$	(1,691	)
Other Comprehensive Income (Loss), Net of Tax:
Amortization of net actuarial (losses) gains	(173		)	245			(520		)	736
Total other comprehensive (loss) income	(173		)	245			(520		)	736
Comprehensive Income (Loss)	18,221			5,514			35,787			(955		)
Comprehensive loss attributable to noncontrolling interests	(50		)	(52		)	(80		)	(171		)
Total Comprehensive Income (Loss) Attributable to A. H. Belo Corporation	$	18,271		$	5,566		$	35,867		$	(784	)

See accompanying Notes to Condensed Consolidated Financial Statements.

PAGE 2 A. H. Belo Corporation Third Quarter 2014 on Form 10-Q

A. H. Belo Corporation and Subsidiaries

Condensed Consolidated Balance Sheets

	September 30,			December 31,
In thousands, except share amounts (unaudited)	2014			2013
Assets
Current assets:
Cash and cash equivalents	$	108,063		$	82,193
Accounts receivable (net of allowance of $1,303 and $1,055 at September 30, 2014 and December 31, 2013, respectively)	25,095			32,270
Inventories	6,971			5,567
Prepaids and other current assets	8,233			5,618
Deferred income taxes, net	—			61
Assets of discontinued operations	875			42,716
Total current assets	149,237			168,425
Property, plant and equipment, at cost	474,406			488,998
Less accumulated depreciation	(407,581		)	(414,135		)
Property, plant and equipment, net	66,825			74,863
Goodwill	24,582			24,582
Intangible assets, net	733			241
Investments	6,821			7,333
Deferred income taxes, net	602			538
Other assets	4,083			3,236
Total assets	$	252,883		$	279,218
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	11,929		$	13,717
Accrued compensation and benefits	11,221			9,816
Advance subscription payments	14,416			14,842
Other accrued expense	5,614			4,459
Deferred income taxes, current	137			—
Liabilities of discontinued operations	995			11,538
Total current liabilities	44,312			54,372
Long-term pension liabilities	37,500			50,082
Other post-employment benefits	2,640			2,730
Other liabilities	3,913			3,258
Shareholders’ equity:
Preferred stock, $.01 par value; Authorized 2,000,000 shares; none issued	—			—
Common stock, $.01 par value; Authorized 125,000,000 shares
Series A: issued 20,329,177 and 19,931,599 shares at September 30, 2014 and December 31, 2013, respectively	203			199
Series B: issued 2,388,291 and 2,397,155 shares at September 30, 2014 and December 31, 2013, respectively	24			24
Treasury stock, Series A, at cost; 821,449 and 495,200 shares held at September 30, 2014 and December 31, 2013, respectively	(6,655		)	(3,113		)
Additional paid-in capital	499,168			496,682
Accumulated other comprehensive loss	(15,613		)	(15,093		)
Accumulated deficit	(312,937		)	(310,099		)
Total shareholders’ equity attributable to A. H. Belo Corporation	164,190			168,600
Noncontrolling interests	328			176
Total shareholders’ equity	164,518			168,776
Total liabilities and shareholders’ equity	$	252,883		$	279,218

See accompanying Notes to Condensed Consolidated Financial Statements.

A. H. Belo Corporation Third Quarter 2014 on Form 10-Q PAGE 3

A. H. Belo Corporation and Subsidiaries

Condensed Consolidated Statements of Shareholders’ Equity

	Common Stock								Treasury Stock
In thousands, except share amounts (unaudited)	Shares Series A	Shares Series B		Amount		Additional Paid-in Capital			Shares Series A		Amount			Accumulated Other Comprehensive Loss			Accumulated Deficit			Non-controlling Interests			Total
Balance at December 31, 2012	19,651,830	2,401,556		$	221	$	495,528		(74,130	)	$	(350	)	$	(73,532	)	$	(319,862	)	$	55		$	102,060
Net loss	—	—		—		—			—		—			—			(1,520		)	(171		)	(1,691		)
Other comprehensive income	—	—		—		—			—		—			736			—			—			736
Capital contributions of noncontrolling interests	—	—		—		—			—		—			—			—			195			195
Treasury stock purchases	—	—		—		—			(358,153	)	(2,286		)	—			—			—			(2,286		)
Issuance of shares for restricted stock units	247,863	—		2		(2		)	—		—			—			—			—			—
Issuance of shares for stock option exercises	16,820	—		—		65			—		—			—			—			—			65
Income tax expense on options and RSUs	—	—		—		84			—		—			—			—			—			84
Share-based compensation	—	—		—		1,107			—		—			—			—			—			1,107
Conversion of Series B to Series A	1,880	(1,880	)	—		—			—		—			—			—			—			—
Dividends	—	—		—		—			—		—			—			(4,549		)	—			(4,549		)
Balance at September 30, 2013	19,918,393	2,399,676		$	223	$	496,782		(432,283	)	$	(2,636	)	$	(72,796	)	$	(325,931	)	$	79		$	95,721
Balance at December 31, 2013	19,931,599	2,397,155		$	223	$	496,682		(495,200	)	$	(3,113	)	$	(15,093	)	$	(310,099	)	$	176		$	168,776
Net income (loss)	—	—		—		—			—		—			—			36,387			(80		)	36,307
Other comprehensive loss	—	—		—		—			—		—			(520		)	—			—			(520		)
Capital contributions by noncontrolling interests	—	—		—		—			—		—			—			—			232			232
Treasury stock purchases	—	—		—		—			(326,249	)	(3,542		)	—			—			—			(3,542		)
Issuance of shares for restricted stock units	210,522	—		2		(2		)	—		—			—			—			—			—
Issuance of shares for stock option exercises	178,192	—		2		859			—		—			—			—			—			861
Income tax benefit on options and RSUs	—	—		—		873			—		—			—			—			—			873
Share-based compensation	—	—		—		756			—		—			—			—			—			756
Conversion of Series B to Series A	8,864	(8,864	)	—		—			—		—			—			—			—			—
Dividends	—	—		—		—			—		—			—			(39,225		)	—			(39,225		)
Balance at September 30, 2014	20,329,177	2,388,291		$	227	$	499,168		(821,449	)	$	(6,655	)	$	(15,613	)	$	(312,937	)	$	328		$	164,518

See accompanying Notes to Condensed Consolidated Financial Statements.

PAGE 4 A. H. Belo Corporation Third Quarter 2014 on Form 10-Q

A. H. Belo Corporation and Subsidiaries

Condensed Consolidated Statements of Cash Flows

	Nine Months Ended September 30,
In thousands (unaudited)	2014			2013
Operating Activities
Net Income (Loss)	$	36,307		$	(1,691	)
Adjustments to reconcile net income (loss) to net cash provided by operations:
Net income from discontinued operations	(19,177		)	(1,682		)
Depreciation and amortization	10,220			11,593
Net periodic benefit and contributions related to employee benefit plans	(13,125		)	(16,184		)
Share-based compensation	698			954
Gain on disposal of fixed assets	(867		)	(23		)
Deferred income taxes	915			1,919
Provision for uncertain tax positions	—			(108		)
Equity method investment gains in excess of dividends	(19,077		)	(1,818		)
Gain on investment related activity, net	(1,669		)	—
Write-off of unamortized debt issuance costs	—			401
Other operating activities	(651		)	188
Changes in working capital and other operating assets and liabilities, net	3,274			4,196
Net cash used for continuing operations	(3,152		)	(2,255		)
Net cash provided by discontinued operations	6,386			8,735
Net cash provided by operating activities	3,234			6,480
Investing Activities
Capital expenditures, net	(4,594		)	(3,032		)
Purchase of investments	(2,279		)	(1,377		)
Proceeds from sale of fixed assets	3,401			—
Investment distribution proceeds	19,626			—
Other investment related proceeds	3,540			—
Net cash provided by (used for) continuing investing activities	19,694			(4,409		)
Net cash provided by discontinued investing activities	44,799			26,915
Net cash provided by investing activities	64,493			22,506
Financing Activities
Dividends paid	(39,225		)	(4,549		)
Purchase of treasury stock	(3,542		)	(2,286		)
Proceeds from exercise of stock options	861			65
Capital contributions by noncontrolling interests	49			126
Net cash used for financing activities	(41,857		)	(6,644		)
Net increase in cash and cash equivalents	25,870			22,342
Cash and cash equivalents at beginning of period	82,193			34,094
Cash and cash equivalents at end of period	$	108,063		$	56,436

See accompanying Notes to Condensed Consolidated Financial Statements.

A. H. Belo Corporation Third Quarter 2014 on Form 10-Q PAGE 5

A. H. Belo Corporation and Subsidiaries

Notes to Condensed Consolidated Financial Statements

Note 1: Summary of Significant Accounting Policies

Description of Business.    A. H. Belo Corporation and subsidiaries (“A. H. Belo” or the “Company”), headquartered in Dallas, Texas, is a leading local news and information publishing company with commercial printing, distribution and direct mail capabilities, as well as businesses with expertise in emerging media and digital marketing. With a continued focus on extending the Company’s media platform, A. H. Belo is able to deliver news and information in innovative ways to new audiences with diverse interests and lifestyles.

The Company publishes The Dallas Morning News (www.dallasnews.com), Texas’ leading newspaper and winner of nine Pulitzer Prizes; the Denton Record-Chronicle (www.dentonrc.com), a daily newspaper operating in Denton, Texas, and various niche publications targeting specific audiences. A. H. Belo also offers digital marketing solutions through 508 Digital and Your Speakeasy, LLC.

Basis of Presentation.    These condensed consolidated financial statements include the accounts of A. H. Belo and its subsidiaries and were prepared in accordance with United States Generally Accepted Accounting Principles (“GAAP”) for interim financial information and in accordance with the Securities and Exchange Commission’s (“SEC”) instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. In the opinion of management, all adjustments considered necessary for a fair presentation are included. Transactions between the consolidated companies are eliminated and noncontrolling interests in less than wholly-owned subsidiaries are reflected in the consolidated financial statements. These condensed consolidated financial statements should be read in conjunction with the audited financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013. Operating results for the three and nine months endedSeptember 30, 2014, may not be necessarily indicative of the results that may be expected for the year ending December 31, 2014. All dollar amounts are presented in thousands, except per share amounts, unless the context requires otherwise.

In September 2014, the Company completed the sale of substantially all of the assets and certain liabilities which comprise the newspaper operations of The Providence Journal, a daily newspaper in Providence, Rhode Island and the oldest continuously-published daily newspaper in the United States. In 2013, the Company completed the disposition of The Press‑Enterprise, a daily newspaper in Riverside, California, which serves the Inland Southern California region. As described in Note 2 – Discontinued Operations, these dispositions meet the criteria and are reflected as discontinued operations as prescribed under Accounting Standards Codification 205 - Presentation of Financial Statements. Accordingly, presentation of current and prior period amounts in the condensed consolidated financial statements and notes thereto reflect continuing operations of the Company unless otherwise noted.

New Accounting Standards. The Financial Accounting Standards Board (“FASB”) recently issued Accounting Standards Update (“ASU”) No. 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists, which generally requires an unrecognized tax benefit to be presented in the financial statements as a reduction to a deferred tax asset when a net operating loss or other tax credit carryforward exists. The assessment should be performed by taxing jurisdiction as of each reporting date. The update is effective for fiscal years and interim periods beginning after December 15, 2013. The implementation of this update did not have a material impact to the presentation of uncertain tax positions within the consolidated balance sheets.

In April 2014, the FASB issued ASU 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360) - Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. Under this amendment, requirements for reporting discontinued operations have changed. Discontinued operations may include disposals of a business, nonprofit activity and component of an entity upon meeting certain other criteria. Disposals representing components of an entity must reflect a strategic shift that has a major effect on the entity’s operations and financial results. Previous conditions prohibiting the entity from having significant continuing involvement in the disposal group and requiring the elimination of operations and cash flows from ongoing operations of the entity have been removed. The update is effective on a prospective basis for disposals that occur within annual periods beginning on or after December 15, 2014, and interim periods in those years. The Company completed the sale of substantially all of the assets and certain liabilities which comprise the newspaper operations of The Providence Journal in the third quarter of 2014. The operations of The Providence Journal are presented as a discontinued operation under the current accounting standards. The Company does not anticipate the implementation of this update will impact the presentation of discontinued operations within its financial statements.

PAGE 6 A. H. Belo Corporation Third Quarter 2014 on Form 10-Q

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). This guidance generally clarifies the principles for recognizing revenue and develops a common revenue standard for GAAP and International Financial Reporting Standards. The standard outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes the most current revenue recognition guidance. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The update is effective for fiscal years and interim periods beginning after December 15, 2016, and interim periods in those years. The Company is evaluating the impact of adoption and has not yet selected a transition method, but does not anticipate this update will have a material impact on its recognition and presentation of revenues within the consolidated statements of operations.

Note 2: Discontinued Operations

On September 3, 2014, The Providence Journal Company, a wholly-owned subsidiary of the Company, completed a transaction for the (i) sale of substantially all of the assets comprising the newspaper operations of The Providence Journal and related real property located in Providence, Rhode Island, and (ii) assumption of certain liabilities by LMG Rhode Island Holdings, Inc. (“LMG”), a subsidiary of New Media Investment Group Inc. The purchase price consisted of $46,000 plus a preliminary working capital adjustment of $2,654. Closing costs of $110 and estimated selling and exit costs of $3,735 were recognized in the third quarter of 2014. Proceeds of $47,981 were received in September 2014 and settlement of the working capital adjustment is anticipated in the fourth quarter of 2014.  The Company recorded a pretax gain on the sale of $17,134 in the third quarter of 2014.

In July 2013, the Company completed the sale of the headquarters building and certain press equipment used by The Press-Enterprise in its operations. Total proceeds of $29,093 were received, after selling costs of $1,457. The Company recorded a pretax gain of $4,746 related to these transactions in the third quarter of 2013. On November 21, 2013, the Company completed the sale of the newspaper operations of The Press-Enterprise, including the production facility and related land, to Freedom Communications, Inc. (“Freedom Communications”) under a definitive asset purchase agreement, resulting in sales proceeds of $27,828. A gain of $8,656 was recorded in the fourth quarter of 2013, which was decreased by $25 in 2014.

Upon completion of these divestitures, the Company no longer owns newspaper operations in Providence, Rhode Island or Riverside, California. The Company continues to hold and market for sale certain land and buildings in Providence, Rhode Island, which served as the administrative headquarters of The Providence Journal. The Company also retains the obligation for the A. H. Belo Pension Plan II, which provides benefits to employees of The Providence Journal Company.

As a result of the above transactions, the activity and balances of The Providence Journal and The Press-Enterprise as of September 30, 2014 and 2013, are presented as discontinued operations. Major components of these amounts presented as discontinued operations in the condensed consolidated financial statements are set forth below.

A. H. Belo Corporation Third Quarter 2014 on Form 10-Q PAGE 7

	Three Months Ended September 30,						Nine Months Ended September 30,
	2014			2013			2014			2013
Income (loss) from discontinued operations
The Providence Journal
Revenue	$	15,079		$	22,688		$	58,591		$	65,394
Costs and expense	(14,436		)	(21,026		)	(54,825		)	(63,466		)
	643			1,662			3,766			1,928
The Press-Enterprise
Revenue	—			12,987			—			38,836
Costs and expense	—			(14,562		)	—			(43,966		)
	—			(1,575		)	—			(5,130		)
Income (loss) from discontinued operations	643			87			3,766			(3,202		)
Gain (loss) related to the divestiture of discontinued operations
Gain on sale of The Providence Journal	17,134			—			17,134			—
Gain on sale of The Press-Enterprise	—			—			(25		)	—
Gain on sale of The Press-Enterprise office building and press equipment	—			4,746			—			4,746
	17,134			4,746			17,109			4,746
Tax expense (benefit) from discontinued operations
The Providence Journal	1,652			8			1,698			(89		)
The Press-Enterprise	—			(13		)	—			(49		)
	1,652			(5		)	1,698			(138		)
Gain (loss) from discontinued operations	$	16,125		$	4,838		$	19,177		$	1,682

	September 30,		December 31,
	2014		2013
Assets of discontinued operations
The Providence Journal
Current assets	$	875	$	13,343
Property, plant and equipment, net	—		22,249
Other assets	—		5,491
Total	875		41,083
The Press-Enterprise
Current assets	—		1,633
Total	—		1,633
Total assets of discontinued operations	$	875	$	42,716
Liabilities of discontinued operations
The Providence Journal
Accrued expenses	$	995	$	5,168
Deferred revenue	—		4,342
Total	995		9,510
The Press-Enterprise
Accrued expenses	—		2,028
Total	—		2,028
Total liabilities of discontinued operations	$	995	$	11,538

PAGE 8 A. H. Belo Corporation Third Quarter 2014 on Form 10-Q

Note 3: Goodwill and Intangible Assets

The Company records goodwill and intangible assets from its previous acquisitions. The carrying value of goodwill was $24,582 as of September 30, 2014 and December 31, 2013. The carrying value of customer relationships amortized over an estimated useful life of three years, is set forth in the table below.

	September 30,			December 31,
	2014			2013
Gross intangible assets	$	975		$	362
Accumulated amortization	(242		)	(121		)
Net balance	$	733		$	241

Note 4: Investments

The Company owns investment interests in various entities which are recorded under the equity method or cost method of accounting, or consolidated if the Company holds a controlling financial interest. Under the equity method, the Company records its share of the investee’s earnings or losses each period in the consolidated statements of operations. Under the cost method, the Company records earnings or losses when such amounts are realized. The carrying value of equity method and cost method investments is set forth in the table below.

	September 30,		December 31,
	2014		2013
Equity method investments	$	5,889	$	6,401
Cost method investments	932		932
Total investments	$	6,821	$	7,333

Equity method investments. Investments recorded under the equity method of accounting include the following:

Classified Ventures, LLC – As of September 30, 2014, the Company owned a 3.3 percent interest in Classified Ventures, in which the other owners were Gannett Co., Inc., The McClatchy Company, Tribune Company and Graham Holdings Company. The principal business operations of Classified Ventures is cars.com. During the third quarter of 2014, the Company announced a transaction to sell its units in Classified Ventures to Gannett Co. Inc. The transaction closed on October 1, 2014, and the Company received pre-tax cash proceeds, net of selling costs, of $77,830. Escrow proceeds of $3,280 will be received within one year. The Company expects to record a gain of $77,261 related to the transaction in the fourth quarter of 2014. The Company received distributions from Classified Ventures of $765 and $19,626 in the three and nine months ended September 30, 2014, respectively, reducing the carrying value of its investment.

Wanderful Media, LLC – The Company owns a 13.0 percent interest in Wanderful, which operates FindnSave.com, a digital shopping platform where consumers can find national and local retail goods and services for sale. This platform combines local media participation with advanced search and database technology to allow consumers to view local advertised offers and online sales circulars or search for an item and receive a list of local advertisers and the price and terms offered for the searched item.

Net gains on equity method investments were $(953) and $723 for the three months ended September 30, 2014 and 2013, respectively, and $17,206 and $1,818 for the nine months ended September 30, 2014 and 2013, respectively.  Gains in the nine months ended September 30, 2014, included an $18,479 gain related to Classified Ventures’ sale of apartments.com, offset by a first quarter impairment charge of $934 related to the Company's investment in Wanderful Media, which was further impaired in the third quarter by $937. The Company determined that an other-than-temporary decline occurred in the value of the investment after evaluating the estimated fair value of the investee as determined by an independent valuation specialist. The Company attributes the impairments primarily to a decline in business related to Wanderful Media’s legacy products. An additional contribution of $1,909 was made in the second quarter of 2014 to provide capital for development of new product offerings as Wanderful Media establishes its market presence.

A. H. Belo Corporation Third Quarter 2014 on Form 10-Q PAGE 9

During the third quarter of 2014, the Company recorded other income of $3,540 for the receipt of an economic parity payment from the former parent company in conjunction with the dissolution of the jointly-owned partnership holding the Company’s investment in Classified Ventures.

Summarized financial information provided for equity method investments determined to be significant to the Company’s operations for the three and nine months ended September 30, 2014 and 2013, is set forth in the table below.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2014			2013			2014			2013
Classified Ventures
Revenue	$	119,434		$	107,724		$	347,369		$	306,344
Gross Profit	107,456			95,238			311,231			275,436
Net Income from Continuing Operations	6,086			22,349			35,942			53,789
Net Income	7,251			30,767			607,588			81,604
Wanderful Media
Revenue	$	1,129		$	1,338		$	3,478		$	4,011
Gross Profit	912			1,087			2,797			3,216
Net Loss	(2,306		)	(2,062		)	(7,097		)	(6,567		)

PAGE 10 A. H. Belo Corporation Third Quarter 2014 on Form 10-Q

Note 5: Long-term Incentive Plans

A. H. Belo sponsors a long-term incentive plan under which 8,000,000 common shares are authorized for equity based awards. Awards under the plan may be granted to A. H. Belo employees and outside directors in the form of non-qualified stock options, incentive stock options, restricted shares, restricted stock units (“RSUs”), performance shares, performance units or stock appreciation rights. In addition, stock options may be accompanied by full and limited stock appreciation rights. Rights and limited stock appreciation rights may also be issued without accompanying stock options.

Stock Options.    The table below sets forth a summary of stock option activity under the A. H. Belo long-term incentive plan.

	Number of Options		Weighted-Average Exercise Price
Outstanding at December 31, 2013	910,533		$	15.29
Exercised	(178,192	)	4.83
Canceled	(31,968	)	26.93
Outstanding at September 30, 2014	700,373		$	17.42
Vested and exercisable at September 30, 2014	700,373		$	17.42

The vested and exercisable weighted average remaining contractual term of A. H. Belo stock options outstanding as of September 30, 2014, was 1.8 years. The expense associated with all outstanding options was fully recognized in prior years.

Restricted Stock Units. Under A. H. Belo’s long-term incentive plan, the Company’s board of directors periodically awards RSUs. The RSUs have service and/or performance conditions and vest over a period up to three years. Upon vesting, the RSUs are redeemed 60 percent in A. H. Belo Series A common stock and 40 percent in cash. As of September 30, 2014, the liability for the portion of the award to be redeemed in cash was $1,707. The table below sets forth a summary of RSU activity under the A. H. Belo long-term incentive plan.

	Total RSUs		Issuance of Common Stock	RSUs Redeemed in Cash	Cash Payments at Closing Price of Stock		Weighted- Average Price on Date of Grant
Non-vested at December 31, 2013	728,818						$	5.59
Granted	123,232						11.85
Vested	(350,892	)	210,522	140,370	$	1,489	6.05
Non-vested at September 30, 2014	501,158						$	6.81

A. H. Belo recognizes compensation expense for RSUs issued to its employees and directors under its long-term incentive plan on a straight-line basis over the vesting period of the award, as set forth in the table below.

	RSUs Redeemable in Stock		RSUs Redeemable in Cash			Total RSU Awards Expense
Three months ended September 30,
2014	$	106	$	(127	)	$	(21	)
2013	151		321			472
Nine months ended September 30,
2014	$	698	$	1,206		$	1,904
2013	954		1,325			2,279

Note 6: Long-term Debt

In January 2013, the Company voluntarily terminated its credit agreement as cash flows from operations were sufficient to meet liquidity requirements and the credit agreement had not been drawn upon since 2009. All liens and security interests under the credit agreement were released and no early termination penalties were incurred by the Company as a result of the termination. Unamortized debt issuance costs of $401 were recorded to interest expense during the nine months ended September 30, 2013, as a result of the termination.

Note 7: Income Taxes

Income taxes are recorded using the asset and liability method. The provision for taxes reflects the Company’s estimate of the effective tax rate expected to be applicable for the full fiscal year, adjusted for any discrete transactions which are reported in the period in which they occur. The estimated effective tax rate is re-evaluated each quarter based on the Company’s estimated tax expense for the year.

The Company recognized income tax expense from continuing operations of $1,156 and $384 for the three months ended September 30, 2014 and 2013, respectively, and $3,475 and $1,373 for the nine months ended September 30, 2014 and 2013, respectively. Effective income tax rates from continuing operations were 16.9 percent and (68.7) percent for 2014 and 2013, respectively. The effective tax rate is affected by recurring items such as tax rates and income in jurisdictions which we expect to be fairly consistent in the near term. It is also affected by discrete transactions, primarily related to investment activity, that have occurred during the year that will not recur in future periods. The impact of these discrete transactions for 2014 increased the tax provision by approximately $650. The Company anticipates an additional discrete transaction in the fourth quarter of 2014 that will impact the tax provision as well as reduce the valuation allowance. In addition to these items, the tax expense for the three and nine months ended September 30, 2014 and 2013, was primarily attributable to state income tax expense and changes in the valuation allowance on deferred tax assets.

A. H. Belo Corporation Third Quarter 2014 on Form 10-Q PAGE 11

The Company currently projects taxable income for the year ended December 31, 2014, for federal income tax purposes and in certain state income tax jurisdictions. The Company made cash payments for income taxes, net of refunds, of $2,203 and $1,521 in the nine months ended September 30, 2014 and 2013, respectively. The Company has net operating losses that can be carried forward to offset future taxable income. The Company’s net operating loss carryforwards begin to expire in 2016 if not utilized.

Note 8: Pension and Other Retirement Plans

Defined Benefit Plans. The Company sponsors two defined benefit pension plans, A. H. Belo Pension Plans I and II (collectively the “A. H. Belo Pension Plans”). A. H. Belo Pension Plan I provides benefits to certain employees primarily employed with The Dallas Morning News or the A. H. Belo corporate offices. A. H. Belo Pension Plan II provides benefits to certain employees at The Providence Journal. This pension obligation has been retained by the Company upon the sale of the newspaper operations of The Providence Journal. The table below sets forth required and voluntary contributions the Company made to the pension plans.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2014		2013		2014		2013
Required contributions	$	5,801	$	5,060	$	9,927	$	7,396
Voluntary contributions	—		4,604		—		4,604
Total contributions	$	5,801	$	9,664	$	9,927	$	12,000

During the third quarter of 2014, the Company accelerated payment of its scheduled fourth quarter contribution. No further contributions are required in 2014, as the Company met minimum funding requirements for the year.

Net Periodic Pension Benefit

The Company estimates net periodic pension expense or benefit based on the expected return on plan assets, the interest on projected pension obligations and the amortization of actuarial gains and losses in accumulated other comprehensive loss, if required. The table below sets forth components of net periodic pension benefit.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2014			2013			2014			2013
Interest cost	$	4,330		$	3,999		$	12,990		$	11,997
Expected return on plans' assets	(5,215		)	(4,891		)	(15,645		)	(14,673		)
Amortization of actuarial loss	—			426			—			1,277
Net periodic pension benefit	$	(885	)	$	(466	)	$	(2,655	)	$	(1,399	)

Defined Contribution Plans. The A. H. Belo Savings Plan (“Savings Plan”), a defined contribution 401(k) plan, covers substantially all employees of A. H. Belo. The Company provides an ongoing dollar-for-dollar match of eligible employee contributions, up to 1.5 percent of the employees’ compensation on a per-pay-period basis. During the three months ended September 30,2014 and 2013, the Company recorded expense of $222 and $223, respectively, and during the nine months ended September 30, 2014 and 2013, the Company recorded expense of $743 and $738, respectively, for matching contributions to this plan.

The Company sponsored the A. H. Belo Pension Transition Supplement Plan (“PTS Plan”), a defined contribution plan, which covered certain employees affected by the curtailment of a defined benefit plan sponsored by the former parent company.  The Company was obligated to make contributions to this plan based on the earnings of actively employed participants for a period of five years, which concluded on March 31, 2013. Final benefits of $598 were accrued in the first quarter of 2013. The Company made contributions of $2,826 in the first and second quarters of 2013. No further obligations exist under this Plan. As a result of fulfilling its obligations to the PTS Plan and in order to achieve efficient administration of the Company's defined contribution plans, the PTS Plan was merged into the A. H. Belo Savings Plan on July 1, 2013. Accordingly, individual participant account balances within the PTS Plan were transferred to their respective accounts in the A. H. Belo Savings Plan and the PTS Plan has ceased to exist as a stand-alone benefit plan of the Company.

PAGE 12 A. H. Belo Corporation Third Quarter 2014 on Form 10-Q

Note 9: Shareholders’ Equity

Accumulated other comprehensive loss. Accumulated other comprehensive loss contains actuarial gains and losses associated with the A. H. Belo Pension Plans and gains and losses resulting from negative plan amendments and other actuarial experience related to other post-employment benefit plans. The Company records amortization of accumulated other comprehensive loss in employee compensation and benefits in its consolidated statements of operations. Gains and losses associated with the A. H. Belo Pension Plans are amortized over the weighted average remaining life expectancy of the participants. Gains and losses associated with the Company’s other post-employment benefit plans are amortized over the average remaining service period of active plan participants. The net deferred tax assets associated with accumulated other comprehensive loss are fully reserved.

In 2014, the Company does not amortize actuarial losses in accumulated other comprehensive loss associated with the Company’s pension plans as the balance of these losses as of December 31, 2013, no longer fell outside the corridor requiring amortization. The tables below set forth the changes in accumulated other comprehensive loss, net of taxes.

	Three Months Ended September 30,
	2014									2013
	Total			Defined benefit pension plans			Other post-employment benefit plans			Total			Defined benefit pension plans			Other post-employment benefit plans
Balance, beginning of period	$	(15,440	)	$	(16,059	)	$	619		$	(73,041	)	$	(74,081	)	$	1,040
Amortization	(173		)	—			(173		)	245			426			(181		)
Balance, end of period	$	(15,613	)	$	(16,059	)	$	446		$	(72,796	)	$	(73,655	)	$	859
	Nine Months Ended September 30,
	2014									2013
	Total			Defined benefit pension plans			Other post-employment benefit plans			Total			Defined benefit pension plans			Other post-employment benefit plans
Balance, beginning of period	$	(15,093	)	$	(16,059	)	$	966		$	(73,532	)	$	(74,932	)	$	1,400
Amortization	(520		)	—			(520		)	736			1,277			(541		)
Balance, end of period	$	(15,613	)	$	(16,059	)	$	446		$	(72,796	)	$	(73,655	)	$	859

Dividends. During the three months ended September 30,2014 and 2013, the Company recorded and paid dividends of $1,796 and $1,814, respectively. During the nine months ended September 30, 2014 and 2013, the Company recorded and paid dividends of $39,225 and $4,549, respectively. Dividends paid in the nine months ended September 30, 2014, include a special dividend of $1.50 per share totaling $33,819.

On September 11, 2014, the Company announced a quarterly dividend of $0.08 per share to shareholders of record and holders of RSUs as of the close of business on November 14, 2014, payable on December 5, 2014.

Treasury Stock. The Company’s board of directors has authorized a share repurchase program for the purchase of up to 1,500,000 shares of the Company’s Series A or Series B common stock through open market purchases, privately negotiated transactions or otherwise. During the three months ended September 30, 2014 and 2013, the Company purchased 126,164 and 124,122 shares of Series A common stock for $1,424 and $922, respectively. During the nine months ended September 30, 2014 and 2013, the Company purchased 326,249 and 358,153 shares of the Company's Series A common stock for $3,542 and $2,286, respectively. All purchases were made through open market transactions and were recorded as treasury stock.

A. H. Belo Corporation Third Quarter 2014 on Form 10-Q PAGE 13

Note 10: Earnings Per Share

The table below sets forth the reconciliations for net loss and weighted average shares used for calculating basic and diluted earnings per share. The Company’s Series A and B common stock equally share in the distributed and undistributed earnings.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2014		2013		2014		2013
Earnings (numerator)
Net income (loss) attributable to A. H. Belo Corporation	$	18,444	$	5,321	$	36,387	$	(1,520	)
Less: Income from discontinued operations, net	16,125		4,838		19,177		1,682
Less: Income to participating securities	41		59		910		151
Net income (loss) available to common shareholders from continuing operations	$	2,278	$	424	$	16,300	$	(3,353	)
Shares (denominator)
Weighted average common shares outstanding (basic)	21,890,754		21,943,876		21,927,920		22,005,705
Effect of dilutive securities	100,962		125,635		111,328		—
Adjusted weighted average shares outstanding (diluted)	21,991,716		22,069,511		22,039,248		22,005,705
Earnings (loss) per share from continuing operations
Basic and Diluted	$	0.10	$	0.02	$	0.74	$	(0.15	)

The Company considers outstanding stock options and RSUs in the calculation of its earnings per share. A total of 984,991 options and RSUs outstanding during the three and nine months endedSeptember 30, 2014, and 1,772,891 and 1,898,526 options and RSUs outstanding during the three and nine months endedSeptember 30, 2013, respectively, were excluded from the calculation because either they did not affect the earnings per share for common shareholders or the effect was anti-dilutive.

Note 11: Contingencies

A number of legal proceedings are pending against A. H. Belo. In the opinion of management, liabilities, if any, arising from these legal proceedings would not have a material adverse effect on A. H. Belo’s results of operations, liquidity or financial condition.

PAGE 14 A. H. Belo Corporation Third Quarter 2014 on Form 10-Q

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following information should be read in conjunction with the Company’s Condensed Consolidated Financial Statements and related Notes filed as part of this report. All dollar amounts are presented in thousands, except per share amounts, unless the context requires otherwise.

OVERVIEW

A. H. Belo (NYSE trading symbol: AHC), headquartered in Dallas, Texas, is a leading local news and information publishing company with commercial printing, distribution and direct mail capabilities, as well as businesses with expertise in emerging media and digital marketing. With a continued focus on extending the Company’s media platform, A. H. Belo is able to deliver news and information in innovative ways to new audiences with diverse interests and lifestyles.

The Company publishes The Dallas Morning News (www.dallasnews.com), Texas’ leading newspaper and winner of nine Pulitzer Prizes; the Denton Record-Chronicle (www.dentonrc.com), a daily newspaper operating in Denton, Texas, and various niche publications targeting specific audiences. A. H. Belo offers digital marketing solutions through 508 Digital and Your Speakeasy, LLC.

A. H. Belo intends for the discussion of its financial condition and results of operations that follows to provide information that will assist in understanding its financial statements, the changes in certain key items in those statements from period to period, and the primary factors that accounted for those changes, as well as how certain accounting principles, policies and estimates affect its financial statements.

Certain current and prior year amounts related to The Providence Journal and The Press-Enterprise have been recast as discontinued operations as discussed on page 22. Amounts in Management’s Discussion and Analysis reflect continuing operations of the Company unless otherwise noted. The results from continuing operations consist primarily of The Dallas Morning News and corporate activities.

Overview of Third Quarter 2014 Significant Transactions

This section contains a discussion and analysis of net operating revenue, expense and other information relevant to an understanding of results of operations for the three and nine months endedSeptember 30, 2014 and 2013.

Third quarter and year-to-date results for 2014 compared to 2013 reflect continued challenges in net operating revenue trends. Net operating revenue for the three and nine months ended September 30, 2014, decreased by 2.3 percent and 1.5 percent, respectively, from the same periods in 2013. These trends are primarily due to volume and rate declines in core advertising revenues, partially offset by increases in the Company’s digital, printing and marketing services revenues.

The Company continues its efforts to diversify revenues through leveraging its brand, its personnel and its infrastructure in both organic new product development and in pursuit of acquisitions of related marketing services companies. In March 2014, The Dallas Morning News began printing the Fort Worth Star-Telegram, a major metropolitan newspaper, at its Plano, Texas production facility. The agreement between The Dallas Morning News, Inc.and Star-Telegram, Inc. is for an initial term of 10 years and has a renewal option to extend the contract.

In 2013 and 2014, the Company continued its efforts to optimize print circulation revenue by increasing print subscription rates. These rate increases have partially offset the decline in circulation revenue.

In April 2014, Classified Ventures, an equity method investee, sold its apartments.com business unit for $585,000. The Company received a cash distribution of $18,861 for the Company’s portion of the net sales proceeds and recorded a net investment-related gain of $18,479 in the first quarter of 2014 as a result of the sale. On August 5, 2014, the Company announced it entered into an agreement with Gannett Co. Inc. and other unit holders of Classified Ventures whereby Gannett agreed to acquire all membership interests from the unit holders for Classified Ventures’ remaining business, which primarily consists of cars.com The transaction closed on October 1, 2014, and the Company received pre-tax cash proceeds, net of selling costs, of $77,830. Escrow proceeds of $3,280 will be received within one year. The Company expects to record a gain of $77,261 related to the transaction in the fourth quarter of 2014. The Company also entered into a new, five-year affiliate agreement with Classified Ventures that will allow The Dallas Morning News to continue to resell cars.com products and services exclusively in its local market. The affiliate agreement increases the wholesale rate that the Company will pay to Classified Ventures for selling cars.com products.

A. H. Belo Corporation Third Quarter 2014 on Form 10-Q PAGE 15

In the third quarter of 2014, the Company also received a distribution from Classified Ventures of $765 for excess cash balances, reducing the carrying value of its investment.

Included in 2014 results are first quarter and third quarter impairment charges of $934 and $937 related to the Company's investment in Wanderful Media, reducing the carrying value of the investment. The Company determined that an other-than-temporary decline in the value of the investment occurred after evaluating the estimated fair value of the investee as determined by an independent valuation specialist. The Company attributes the impairments primarily to a decline in business related to Wanderful Media’s legacy products. An additional contribution of $1,909 was made in the second quarter of 2014 to provide capital for development of new product offerings as Wanderful Media establishes its market presence.

In addition to the above, the following significant transactions and events affected A. H. Belo’s results of operations and financial position during the third quarter of 2014.

• Other income of $3,540 was recorded for the receipt of an economic parity payment from the former parent company in conjunction with the dissolution of the jointly-owned partnership holding the Company’s investment in Classified Ventures.

• Sales proceeds totaling $3,408 were received for the sales of land and buildings in Riverside, California and for 97 acres of undeveloped land in southern Dallas, Texas, resulting in gains totaling $862.

• Required contributions of $5,801 were made to the A. H. Belo Pension Plans in the third quarter of 2014

• A quarterly dividend of $0.08 per share, or $1,796, was recorded and paid to shareholders of record and holders of RSUs. The Company also announced in September 2014 a dividend of $0.08 per share payable on December 5, 2014, to shareholders of record and holders of RSUs as of the close of business on November 14, 2014.

• The Company purchased 126,164 of its Series A common shares during the quarter through open market transactions for $1,424.

PAGE 16 A. H. Belo Corporation Third Quarter 2014 on Form 10-Q

RESULTS OF CONTINUING OPERATIONS

The table below sets forth the components of A. H. Belo’s net operating revenue.

	Three Months Ended September 30,										Nine Months Ended September 30,
	2014		Percent of Total Revenue		Percentage Change		2013		Percent of Total Revenue		2014		Percent of Total Revenue		Percentage Change		2013		Percent of Total Revenue
Advertising and marketing services	$	36,941	56.0	%	(8.6	)%	$	40,402	59.9	%	$	114,918	57.6	%	(6.0	)%	$	122,288	60.3	%
Display	10,904				(19.2	)%	13,490				35,685				(14.8	)%	41,908
Classified	5,625				(8.1	)%	6,122				17,535				(5.8	)%	18,622
Preprint	12,289				(8.1	)%	13,378				38,067				(5.9	)%	40,461
Digital	8,123				9.6	%	7,412				23,631				11.0	%	21,297
Circulation	21,219		32.2	%	(2.6	)%	21,787		32.3	%	63,458		31.8	%	(0.9	)%	64,024		31.6	%
Printing and distribution	7,763		11.8	%	46.9	%	5,284		7.8	%	21,200		10.6	%	29.3	%	16,390		8.1	%
	$	65,923	100.0	%	(2.3	)%	$	67,473	100.0	%	$	199,576	100.0	%	(1.5	)%	$	202,702	100.0	%

Advertising and Marketing Services Revenue

Advertising and marketing services revenue decreased by 8.6 percent and 6.0 percent for the three and nine months ended September 30, 2014, respectively, primarily due to lower display, classified and preprint advertising revenue. The Company has responded to the continuing decline in print advertising revenues through the development of new business offerings providing marketing services to small and middle market companies. These services provided by 508 Digital and Speakeasy, which commenced operations in 2012, offset 69.4 percent and 81.8 percent of realized declines in advertising revenues for the three and nine months ended September 30, 2014. As the Company expects print advertising revenues to sustain continued challenges in future periods, additional opportunities to develop or acquire new businesses will be sought which will complement existing assets and resources and leverage from the Company’s brand equity.

Display – Revenue decreased for the three and nine months ended September 30, 2014, due to lower retail and general advertising driven by declines in most categories except sporting goods, food and beverage, and technology.

Classified – Revenue decreased for the three and nine months ended September 30, 2014, due to volume declines in all categories except legal, partially offset by higher rates in all categories except legal and automotive.

Preprint – Revenue decreased for the three and nine months endedSeptember 30, 2014, due to a decline in the volume of preprint newspaper inserts, consistent with the decline in circulation volumes. The decline was partially offset by higher volumes in home delivery mail advertisements.

Digital – Revenue increased for the three and nine months endedSeptember 30, 2014, due to higher marketing services revenue primarily associated with Speakeasy, offset by declines in classified advertising. Marketing services revenue grew by $814 and $2,207 in the three and nine months ended September 30, 2014, respectively, which reflects a 51.6 percent and 58.5 percent growth, respectively, over these recorded revenues in the same periods in 2013.

Revenues also include the Company’s niche publications which expand its advertising platform to nonsubscribers of The Dallas Morning News’ core newspaper. This revenue is a component of total display, classified, preprint and digital revenue discussed above. In three months ended September 30, 2014 and 2013, advertising revenue for niche publications was $5,581 and $6,060, respectively. In the nine months ended September 30, 2014 and 2013, advertising revenue for niche publications was $17,077 and $17,943, respectively. Revenue decreased slightly primarily due to a decline in preprint advertising.

A. H. Belo Corporation Third Quarter 2014 on Form 10-Q PAGE 17

Circulation Revenue

Circulation revenue for the three and nine months endedSeptember 30, 2014, decreased compared to 2013 primarily due to lower volumes in home delivery and single copy sales, which declined by an average of 9.1 percent from the prior year period. The Company continues to seek recovery of the costs to provide quality news coverage through strategic price increases. Single copy rates increased 26 percent and 10 percent for the three and nine months ended September 30, 2014, respectively, resulting in higher year-over-year revenue in the third quarter of 2014. Home delivery rates increased 4 percent and 7 percent for the three and nine months ended September 30, 2014, respectively, partially offsetting lower revenue due to volume declines.

Printing and Distribution Revenue

Revenue increased 46.9 percent and 29.3 percent for the three and nine months endedSeptember 30, 2014, respectively, due to the commencement of printing services in March 2014 for the Fort Worth Star-Telegram, and due to expanded printing of local community newspapers. Revenue from the Star-Telegram provided $2,255 and $5,042 in additional revenue for the three and nine months ended September 30, 2014, respectively. These increases were partially offset by lower printing revenues associated with national publications.

PAGE 18 A. H. Belo Corporation Third Quarter 2014 on Form 10-Q

Operating Costs and Expense from Continuing Operations

The table below sets forth the components of the Company’s operating expense.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2014		Percentage Change		2013		2014		Percentage Change		2013
Operating Costs and Expense
Employee compensation and benefits	$	24,265	(10.4	)%	$	27,070	$	78,151	(6.5	)%	$	83,608
Other production, distribution and operating costs	29,846		4.7	%	28,511		87,930		2.7	%	85,640
Newsprint, ink and other supplies	7,910		(5.5	)%	8,370		24,012		(5.8	)%	25,484
Depreciation	3,341		(8.7	)%	3,661		10,099		(12.2	)%	11,504
Amortization	61		110.3	%	29		121		36.0	%	89
Total operating costs and expense	$	65,423	(3.3	)%	$	67,641	$	200,313	(2.9	)%	$	206,325

Employee compensation and benefits – Employee compensation and benefits decreased in the three and nine months ended September 30, 2014, by $2,805 and $5,457, respectively. For these periods, savings included lower salary expense of $925 and $1,970, respectively, primarily due to headcount reductions at the Company’s newspapers and corporate operations; lower sales commissions of $889 and $1,955, respectively, as a result of lower sales and changes to the commission structure in the fourth quarter of 2013; lower pension expense of $603 in the nine months ended September 30, 2014, due to the Company fulfilling its obligation to accrue benefits for the PTS Plan at the end of the first quarter of 2013; and pension expense savings of $419 and $1,256 in the three and nine months ended September 30, 2014, respectively, due to the expected return on increased plan assets and the balance of actuarial losses in accumulated other comprehensive loss falling below the corridor required for amortization. These reductions were partially offset by increased direct compensation and benefits of $280 and $752, respectively, associated with the commencement of printing operations for the Fort Worth Star-Telegram at the Company’s Plano, Texas production facility.

Other production, distribution and operating costs – Expense increased in the three and nine months ended September 30, 2014, due to higher delivery costs to distribution centers and temporary labor costs of $927 and $2,339, respectively, associated with startup of printing operations for the Fort Worth Star-Telegram. Expenses were also higher due to higher third-party costs as the Company’s marketing services operations continue to grow. These increases were partially offset by lower retail marketing expense and lower distribution costs associated with home delivery and single copy sales of Company newspapers, consistent with lower circulation volumes. The Company also realized lower property and sales tax expense in these periods due to negotiated refunds related to prior periods.

Newsprint, ink and other supplies – Expense decreased in the three and nine months ended September 30, 2014, due to reduced newsprint costs associated with lower circulation volumes of Company and certain third party newspapers. Newsprint consumption for the three months ended September 30, 2014 and 2013, was 7,970 and 8,775 metric tons, respectively, and the average cost per metric ton of newsprint was $590 and $587, respectively. Newsprint consumption for the nine months ended September 30, 2014 and 2013, was 24,717 and 27,352 metric tons, respectively, and the average cost per metric ton of newsprint was $595 and $604, respectively. Supplement costs also decreased due to reduced outside publications purchased for resale. These decreases were partially offset by higher ink and production materials costs associated with the commencement of printing operations for the Fort Worth Star-Telegram at the Company’s Plano, Texas productions facility.

Depreciation – Expense decreased in 2014 due to a lower depreciable asset base as capital expenditures continue to decline.

Amortization – Expense increased in 2014 due to the addition of customer relationships which are amortized over an estimated useful life of three years.

A. H. Belo Corporation Third Quarter 2014 on Form 10-Q PAGE 19

Other

The table below sets forth the other components of the Company’s results of continuing operations.

	Three Months Ended September 30,							Nine Months Ended September 30,
	2014			Percentage Change		2013		2014		Percentage Change		2013
Other Income (Expense), Net
Gains (losses) on equity method investments, net	$	(953	)	(231.8	)%	$	723	$	17,206	846.4	%	$	1,818
Interest income (expense)	—			(100.0	)%	108		—		(100.0	)%	(311		)
Other income, net	3,878			2,451.3	%	152		4,136		(3,465.5	)%	116
Total other income, net	$	2,925		198	%	$	983	$	21,342	1,215	%	$	1,623
Income Tax Provision	$	1,156		201.0	%	$	384	$	3,475	153.1	%	$	1,373

Gains on equity method investments, net – Gains on equity method investments decreased $1,676 in the three months ended September 30, 2014, and increased by $15,388 in the nine months ended September 30, 2014. Gains in the nine months ended September 30, 2014, included an $18,479 gain on the sale of apartments.com by Classified Ventures. This gain was partially offset by the impact of Classified Ventures’ marking to market the liability related to certain equity-based compensation awards in the third quarter of 2014 and by other-than-temporary impairments of $934 and $937 in the first and third quarters of 2014, respectively, for the Company’s investment in Wanderful Media. The Company determined that an other-than-temporary decline occurred in the value of the investment after evaluating the estimated fair value of the investee as determined by an independent valuation specialist. The Company attributes the impairments primarily to a decline in business related to Wanderful Media’s legacy products.

Interest expense – In the first quarter of 2013, the Company amortized $401 of remaining debt issuance costs associated with the voluntary termination of the Company’s credit agreement. In the third quarter of 2013, the Company released uncertain tax positions and related interest of $108.

Other income, net - Other income increased in the three and nine months ended September 30, 2014, due to the receipt of a $3,540 economic parity payment received from the former parent company in conjunction with the dissolution of the jointly-owned partnership holding the Company’s investment in Classified Ventures.

Tax provision – Tax provision for 2014 and 2013 is primarily due to state income tax expense and changes in the valuation allowance. See the Condensed Consolidated Financial Statements, Note 7 – Income Taxes for additional discussion of tax provision.

Earnings and Adjusted Earnings before Interest, Taxes, Depreciation and Amortization from Continuing Operations

In addition to net income (loss) from continuing operations, the Company also evaluates earnings before interest, taxes, depreciation and amortization (“EBITDA”) which is presented for continuing operations by adjusting for discontinued operations and losses attributable to noncontrolling interests. Adjusted EBITDA is calculated, as applicable, by adding back to EBITDA non-cash impairment expense and net investment-related gains and losses. The Company adjusted EBITDA for an $18,479 gain on the sale of apartments.com by Classified Ventures in the second quarter of 2014 and $3,540 of income associated with an economic parity payment in conjunction with its ownership of Classified Ventures in the third quarter of 2014, offset by other-than-temporary impairments of $934 and $937 in the first and third quarters of 2014, respectively, for the Company’s investment in Wanderful Media.

PAGE 20 A. H. Belo Corporation Third Quarter 2014 on Form 10-Q

	Three Months Ended September 30,						Nine Months Ended September 30,
	2014			2013			2014			2013
Net Income (Loss) Attributable to A. H. Belo Corporation	$	18,444		$	5,321		$	36,387		$	(1,520	)
Less: Gain from discontinued operations, net	16,125			4,838			19,177			1,682
Plus: Net loss attributable to noncontrolling interests	(50		)	(52		)	(80		)	(171		)
Income (loss) from continuing operations	2,269			431			17,130			(3,373		)
Depreciation and amortization	3,402			3,690			10,220			11,593
Interest expense (income)	—			(108		)	—			311
Income tax provision	1,156			384			3,475			1,373
EBITDA from Continuing Operations	6,827			4,397			30,825			9,904
Addback:
Net investment-related gains	(2,603		)	—			(20,148		)	—
Adjusted EBITDA from Continuing Operations	$	4,224		$	4,397		$	10,677		$	9,904

Neither EBITDA nor Adjusted EBITDA is a measure of financial performance under generally accepted accounting principles (“GAAP”). Management uses EBITDA, Adjusted EBITDA and similar measures in internal analyses as supplemental measures of the Company’s financial performance, and for performance comparisons against its peer group of companies. Adjusted EBITDA is also used by management to evaluate the cash flows available for capital spending, investing, pension contributions (required and voluntary), dividends and other equity-related transactions. Neither EBITDA nor Adjusted EBITDA should be considered in isolation or as a substitute for cash flows provided by operating activities or other income or cash flow data prepared in accordance with GAAP, and these non-GAAP measures may not be comparable to similarly-titled measures of other companies.

In previous periods, the Company added back pension expense in the determination of Adjusted EBITDA. Management reassessed this measurement and no longer excludes pension expense from Adjusted EBITDA. See the Condensed Consolidated Financial Statements, Note 8 – Pension and Other Retirement Plans for additional discussion of pension expense.

A. H. Belo Corporation Third Quarter 2014 on Form 10-Q PAGE 21

Discontinued Operations

As a result of the sale of The Providence Journal which was completed on September 3, 2014, and the multiple sale transactions related to The Press-Enterprise, which commenced on July 8, 2013, and were completed in November 21, 2013 (see Note 2 – Discontinued Operations), the disposition and the results of operations associated with these businesses are reported as discontinued operations in the Company’s financial statements. Significant components of results of operations included as discontinued operations are noted below.

	Three Months Ended September 30,					Nine Months Ended September 30,
	2014		2013			2014			2013
The Providence Journal
Net income from discontinued operations	$	643	$	1,662		$	3,766		$	1,928
Gain on sale of The Providence Journal	17,134		—			17,134			—
The Press-Enterprise
Net loss from discontinued operations	—		(1,575		)	—			(5,130		)
Gain on sale of The Press-Enterprise	—		—			(25		)	—
Gain on sale of The Press-Enterprise office building and press equipment	—		4,746			—			4,746
Tax expense (benefit) from discontinued operations	1,652		(5		)	1,698			(138		)
Gain (loss) from discontinued operations	$	16,125	$	4,838		$	19,177		$	1,682

PAGE 22 A. H. Belo Corporation Third Quarter 2014 on Form 10-Q

Liquidity and Capital Resources

The Company’s cash balance as of September 30, 2014 and December 31, 2013, was $108,063 and $82,193, respectively. The Company’s working capital as of September 30, 2014 and December 31, 2013, was $104,925 and $114,053, respectively. After excluding assets and liabilities of discontinued operations as of those dates, working capital increased by $22,170 for the nine months ended September 30,2014.

During the nine months ended September 30,2014 and 2013, cash flows used by operating activities were $3,152 and $2,255, respectively, and included contributions to employee pension plans of $9,927 and $12,000, respectively. Existing cash balances, including the distribution proceeds received from Classified Ventures, as discussed below, were used to fund 2014 capital spending of $4,594, investment purchases of $2,279, discretionary dividend payments of $39,225 and treasury stock purchases of $3,542. The Company’s EBITDA was $6,827, and after adjusting for investment-related gains, Adjusted EBITDA was $4,224. For the remainder of 2014, the Company anticipates additional capital expenditures of $1,000 to $3,000. The Company anticipates sufficient cash flows to cover operating expenditures and will evaluate discretionary spending based on the Company’s forecasted cash requirements.

As discussed in Note 4 – Investments, Classified Ventures, an equity method investee, completed the sale of its apartments.com business in April 2014.  The Company received a cash distribution of $18,861 for its portion of the net sales proceeds related to the apartments.com sale. During the third quarter of 2014, the Company announced a transaction to sell its units in Classified Ventures to Gannett Co. Inc. and received a distribution of $765 of excess cash from Classified Ventures in September 2014. In October 2014, the Company completed the sale of its units in Classified Ventures, receiving additional pre-tax cash proceeds, net of selling costs and funds held in escrow, of $77,830.

An economic parity payment of $3,540 was received from the former parent company in conjunction with the dissolution of the jointly-owned partnership holding the Company’s investment in Classified Ventures.

As discussed in Note 2 – Discontinued Operations, the Company completed the sale of substantially all of the assets comprising the newspaper operations of The Providence Journal and related real property located in Providence, Rhode Island. The Company received net proceeds of $47,981, comprised of the purchase price of $46,000 plus a preliminary payment towards the working capital adjustment of $2,091, less closing costs of $110. These amounts were offset by selling and exit costs of $3,735.

As a result of these transactions, dividends paid in 2014 included a special dividend of $1.50 per share, returning $33,819 to shareholders. In conjunction with recent transactions, the Company expects to be in a position to pay federal income taxes before the end of 2014.

The Company intends to deploy its cash in the long-term interests of the Company, its shareholders and employees as it seeks potential acquisition or investment opportunities complementing its advertising and marketing services products. Management is working aggressively to increase cash flows from operating activities through expanded and new revenue initiatives and through expense reductions. Management believes these initiatives will provide sufficient liquidity to meet foreseeable cash flow requirements for operations, capital spending and pension contributions. The following discusses the changes in cash flows by operating, investing and financing activities.

Operating Cash Flows

Net cash used for continuing operating activities for 2014 and 2013 was $3,152 and $2,255, respectively. Cash flows from continuing operations decreased in 2014 primarily due to declining revenue. Cash flows provided by discontinued operations for 2014 and 2013, were $6,386 and $8,735, respectively, and primarily resulted from operations from The Providence Journal.

Investing Cash Flows

Net cash provided by (used for) continuing investing activities for 2014 and 2013 was $19,694 and $(4,409), respectively. In the second quarter of 2014, the Company received a distribution of $18,861 from Classified Ventures, LLC related to its sale of apartments.com. During the third quarter of 2014, the Company announced a transaction to sell its units in Classified Ventures to Gannett Co. Inc. and received a distribution of $765 of excess cash from Classified Ventures in September 2014. Proceeds of $3,540 were received related to an economic parity payment as discussed above. These proceeds were partially offset by the Company’s capital spending and purchase of investments. Net cash used for investing activities in 2013 primarily reflects the Company’s capital spending and purchases of investments for that period. Net cash provided by investing activities of discontinued operations was $44,799 and $26,915 in 2014 and 2013, respectively, and primarily represented net proceeds related to the sale of The Providence Journal and The Press-Enterprise, offset by capital spending.

A. H. Belo Corporation Third Quarter 2014 on Form 10-Q PAGE 23

Financing Cash Flows

Net cash used for continuing financing activities for 2014 and 2013 was $41,857 and $6,644, respectively. In 2014 and 2013, dividend payments were $39,225 and $4,549, respectively, reflecting an increase of $34,676 primarily due to a special dividend of $1.50 declared and paid in the second quarter of 2014. Purchases of treasury stock included 326,249 and 358,153 shares of the Company’s Series A common stock in 2014 and 2013 for $3,542 and $2,286, respectively.

Financing Arrangements

In January 2013, the Company voluntarily terminated its credit agreement as cash flows from operations were sufficient to meet liquidity requirements and the credit agreement had not been drawn upon since 2009. All liens and security interests under the credit agreement were released and no early termination penalties were incurred by the Company as a result of the termination. Unamortized debt issuance costs of $401 were recorded to interest expense during the three months ended March 31, 2013, as a result of the termination.

Contractual Obligations

During the nine months ended September 30, 2014, the Company made required contributions of $9,927 to the A. H. Belo Pension Plans, meeting its required contributions for 2014. No further contributions are required this year.

On September 11, 2014, the Company announced a quarterly dividend of $0.08 per share to shareholders of record and holders of RSUs as of the close of business on November 14, 2014, payable on December 5, 2014.

Additional information related to the Company’s contractual obligations is available in Company’s Annual Report on Form 10‑K for the year ended December 31, 2013, filed on March 7, 2014, with the SEC.

Critical Accounting Policies and Estimates

No material changes were made to the Company’s critical accounting policies as set forth in “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations”, included in the Company’s Annual Report on Form 10‑K filed with the SEC for the year ended December 31, 2013.

Forward-Looking Statements

Statements in this communication concerning A. H. Belo’s business outlook or future economic performance, anticipated profitability, revenues, expenses, dividends, capital expenditures, investments, dispositions, impairments, business initiatives, acquisitions, pension plan contributions and obligations, real estate sales, working capital, 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 the following: changes in capital market conditions and prospects, changes in advertising demand and newsprint prices; newspaper circulation trends and other circulation matters, including changes in readership methods, patterns and demography; audits and related actions by the Alliance for Audited Media; challenges implementing increased subscription pricing and new pricing structures; challenges in achieving expense reduction goals in a timely manner and the resulting potential effect on operations; challenges in consummating asset acquisitions or dispositions upon acceptable terms; technological changes; development of Internet commerce; industry cycles; changes in pricing or other actions by new and existing competitors and suppliers; consumer acceptance of new products and business initiatives; 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 and co-owned ventures and investments; pension plan matters; general economic conditions and changes in interest rates; significant armed conflict; acts of terrorism; and other factors beyond the Company’s control, as well as other risks described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013, and in the Company’s other public disclosures and filings with the SEC.

PAGE 24 A. H. Belo Corporation Third Quarter 2014 on Form 10-Q

Item 3. Quantitative and Qualitative Disclosures about Market Risk

There were no material changes in A. H. Belo Corporation’s exposure to market risk from the disclosure included in the Annual Report on Form 10-K for the year ended December 31, 2013.

Item 4. Controls and Procedures

(a) Evaluation of disclosure controls and procedures. Based on the evaluation of the Company’s disclosure controls and procedures (as defined in Securities Exchange Act of 1934 Rules 13a-15(e) and 15d-15(e)) required by Securities Exchange Act Rules 13a-15(b) or 15d-15(b), the Company’s Chief Executive Officer and the Company’s Chief Financial Officer have concluded that as of the end of the period covered by this report, the Company’s disclosure controls and procedures were effective.

(b) Changes in internal controls. There were no changes in the Company’s internal control over financial reporting that occurred during the period covered by this report that materially affected, or are reasonably likely to materially affect, its internal control over financial reporting.

A. H. Belo Corporation Third Quarter 2014 on Form 10-Q PAGE 25

PART II

Item 1. Legal Proceedings

A number of legal proceedings are pending against A. H. Belo. In the opinion of management, liabilities, if any, arising from these legal proceedings would not have a material adverse effect on A. H. Belo’s results of operations, liquidity or financial condition.

Item 1A. Risk Factors

There were no material changes from the risk factors disclosed under the heading “Risk Factors” in Item 1A in the Annual Report on Form 10-K for the year ended December 31, 2013.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

There were no unregistered sales of the Company’s equity securities during the period covered by this report.

Issuer Purchases of Equity Securities

The Company repurchases shares of its common stock from time to time pursuant to publicly announced share repurchase programs. During the third quarter of 2014, the Company repurchased 126,164 Series A shares at a cost of $1,424. All purchases were made through open market transactions and were recorded as treasury stock.

The following table contains information for shares repurchased during the third quarter of 2014. None of the shares in this table were repurchased directly from any of the Company’s officers or directors.

Period	Total Number of Shares Purchased	Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs	Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs	(a)
July 2014	43,542	$	11.58	738,827	761,173
August 2014	41,349	11.17		780,176	719,824
September 2014	41,273	11.10		821,449	678,551

(a) Share repurchases are made pursuant to a share repurchase program authorized by the Company’s board of directors. A total of 1,500,000 shares have been authorized for repurchase.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

None.

Item 5. Other Information

None.

PAGE 26 A. H. Belo Corporation Third Quarter 2014 on Form 10-Q

Item 6. Exhibits

Exhibits marked with an asterisk (*) are incorporated by reference to documents previously filed by the Company with the SEC, as indicated. In accordance with Regulation S-T, the XBRL-related information marked with a double asterisk (**) in Exhibit No. 101 to this Quarterly Report on Form 10-Q is deemed filed. All other documents are filed with this report. Exhibits marked with a tilde (~) are management contracts, compensatory plan contracts or arrangements filed pursuant to Item 601(b)(10)(iii)(A) of Regulation S-K.

Exhibit Number		Description
3.1	*	Amended and Restated Certificate of Incorporation of the Company (Exhibit 3.1 to Amendment No. 3 to the Company’s Form 10 dated January 18, 2008 (Securities and Exchange Commission File No. 001‑33741) (the “Third Amendment to Form 10”))
3.2	*	Certificate of Designations of Series A Junior Participating Preferred Stock of the Company dated January 11, 2008 (Exhibit 3.2 to Post‑Effective Amendment No. 1 to Form 10 filed January 31, 2008 (Securities and Exchange Commission File No. 001‑33741))
3.3	*	Amended and Restated Bylaws of the Company, effective January 11, 2008 (Exhibit 3.3 to the Third Amendment to Form 10)
		(1)	*	Amendment No. 1, effective June 17, 2013, to Amended and Restated Bylaws of A. H. Belo Corporation (Exhibit 3.1 to A. H. Belo Corporation’s Current Report on Form 8-K filed with the Securities and Exchange Commission on June 19, 2013, (Securities and Exchange Commission File No. 001-33741) (the “June 19, 2013 Form 8-K”))
4.1	*	Certain rights of the holders of the Company’s Common Stock set forth in Exhibits 3.1‑3.3 above
4.2	*	Specimen Form of Certificate representing shares of the Company’s Series A Common Stock (Exhibit 4.2 to the Third Amendment to Form 10)
4.3	*	Specimen Form of Certificate representing shares of the Company’s Series B Common Stock (Exhibit 4.3 to the Third Amendment to Form 10)
4.4	*	Rights Agreement dated as of January 11, 2008, between the Company and Mellon Investor Services LLC (Exhibit 4.4 to the Third Amendment to Form 10)
10.1	*	Material Contracts
		~(1)	*	Asset Purchase Agreement by and between the Press-Enterprise Company, AHC California Properties LLC, A. H. Belo Management Services, Inc. and Freedom Communications Holdings, Inc. dated October 9, 2013 (Exhibit 10.1 to A. H. Belo Corporation’s Current Report on Form 8-K filed with the Securities and Exchange Commission on October 11, 2013 (Securities and Exchange Commission file no. 001-33741) (the “October 11, 2013 Form 8-K”))
		~(2)	*	Form of Limited Guaranty by and between A. H. Belo Corporation and Freedom Communications Holdings, Inc (Exhibit 10.2 to the October 11, 2013 Form 8-K)
		~(3)	*	Amendment No. 1 to Asset Purchase Agreement dated October 31, 2013, between the Press-Enterprise Company, AHC California Properties LLC, A. H. Belo Management Services, Inc. and Freedom Communications Holdings Inc. (Exhibit 10.1 to A. H. Belo Corporation’s Current Report on Form 8-K filed with the Securities and Exchange Commission on November 4, 2013 (Securities and Exchange Commission file no. 001-33741))
		~(4)	*	Amendment No. 2 to Asset Purchase Agreement dated November 21, 2013, between the Press-Enterprise Company, AHC California Properties LLC, A. H. Belo Management Services, Inc. and Freedom Communications Holdings Inc. (Exhibit 10.1 to A. H. Belo Corporation’s Current Report on Form 8-K filed with the Securities and Exchange Commission on November 25, 2013 (Securities and Exchange Commission file no. 001-33741))
		~(5)	*	Asset Purchase Agreement dated July 22, 2014, between the Providence Journal Company and LMG Rhode Island Holdings, Inc. (Exhibit 10.1 to A. H. Belo Corporation’s Current Report on Form 8-K filed with the Securities and Exchange Commission on July 24, 2014 (Securities and Exchange Commission file no. 001-33741))
		~(6)	*	Form of Limited Guaranty by and between A. H. Belo Corporation and LMG Rhode Island Holdings, Inc (Exhibit 10.2 to the July 24, 2014 Form 8-K)
		~(7)	*	Unit Purchase Agreement by and among Gannett Co., Inc., Classified Ventures, LLC, and the Unit Holders of Classified Ventures, LLC (Exhibit 2.1 to A. H. Belo Corporation’s Current Report on Form 8-K filed with the Securities and Exchange Commission on August 6, 2014 (Securities and Exchange Commission file no. 001-33741))

A. H. Belo Corporation Third Quarter 2014 on Form 10-Q PAGE 27

Exhibit Number		Description
10.2	*	Compensatory plans and arrangements:
		~(1)	*	A. H. Belo Corporation Savings Plan (Exhibit 10.4 to the February 12, 2008 Form 8‑K)
			*	(a)	First Amendment to the A. H. Belo Savings Plan dated September 23, 2008 (Exhibit 10.2(1)(a) to the Company’s Quarterly Report on Form 10‑Q filed with the Securities and Exchange Commission on November 14, 2008 (Securities and Exchange Commission File No. 001‑33741))
			*	(b)	Second Amendment to the A. H. Belo Savings Plan effective March 27, 2009 (Exhibit 10.1 to the Company’s Current Report on Form 8‑K filed with the Securities and Exchange Commission on April 2, 2009 (Securities and Exchange Commission File No. 001‑33741) (the “April 2, 2009 Form 8‑K”))
			*	(c)	Third Amendment to the A. H. Belo Savings Plan effective March 31, 2009 (Exhibit 10.2 to the April 2, 2009 Form 8‑K)
			*	(d)	Fourth Amendment to the A. H. Belo Savings Plan dated September 10, 2009 (Exhibit 10.1 to the Company’s Current Report on Form 8‑K filed with the Securities and Exchange Commission on September 10, 2009 (Securities and Exchange Commission File No. 001‑33741))
		~(2)	*		A. H. Belo Corporation 2008 Incentive Compensation Plan (Exhibit 10.5 to the February 12, 2008 Form 8‑K)
			*	(a)	First Amendment to A. H. Belo 2008 Incentive Compensation Plan effective July 23, 2008 (Exhibit 10.2(2)(a) to the Company’s Quarterly Report on Form 10‑Q filed with the Securities and Exchange Commission on August 14, 2008 (Securities and Exchange Commission File No. 001‑33741))
			*	(b)	Form of A. H. Belo 2008 Incentive Compensation Plan Non‑Employee Director Evidence of Grant (for Non‑Employee Director Awards) (Exhibit 10.2(2)(b) to the Company’s Quarterly Report on Form 10‑Q filed with the Securities and Exchange Commission on May 13, 2010 (Securities and Exchange Commission File No. 001‑33741) (the “1st Quarter 2010 Form 10‑Q”))
			*	(c)	Form of A. H. Belo 2008 Incentive Compensation Plan Evidence of Grant (for Employee Awards) (Exhibit 10.2(2)(c) to the 1st Quarter 2010 Form 10‑Q)
			*	(d)	Form of A. H. Belo 2008 Incentive Compensation Plan Evidence of Grant (Exhibit 10.1 to A. H. Belo Corporation’s Current Report on Form 8‑K filed with the Securities and Exchange Commission on March 12, 2012 (Securities and Exchange Commission File No. 001‑33741) (the “March 12, 2012 Form 8-K”))
			*	(e)	Form of A. H. Belo Cash Long‑Term Incentive Evidence of Grant (Exhibit 10.2 to the March 12, 2012 Form 8-K)
		~(3)	*		A. H. Belo Pension Transition Supplement Restoration Plan effective January 1, 2008 (Exhibit 10.6 to the February 12, 2008 Form 8‑K)
			*	(a)	First Amendment to the A. H. Belo Pension Transition Supplement Restoration Plan dated March 31, 2009 (Exhibit 10.4 to the April 2, 2009 Form 8‑K)
		~(4)	*		A. H. Belo Corporation Change In Control Severance Plan (Exhibit 10.7 to the February 12, 2008 Form 8‑K)
			*	(a)	Amendment to the A. H. Belo Change in Control Severance Plan dated March 31, 2009 (Exhibit 10.3 to the April 2, 2009 Form 8‑K)
		~(5)	*		Robert W. Decherd Compensation Arrangements dated June 19, 2013 (Exhibit 10.1 to the June 19, 2013 Form 8-K)

PAGE 28 A. H. Belo Corporation Third Quarter 2014 on Form 10-Q

Exhibit Number	Description
10.3	Agreements relating to the spin-off of A. H. Belo from its former parent company:
	(1)	*		Tax Matters Agreement by and between Belo Corp. and A. H. Belo Corporation dated as of February 8, 2008 (Exhibit 10.1 to the February 12, 2008 Form 8‑K)
		*	(a)	First Amendment to Tax Matters Agreement by and between Belo Corp. and A. H. Belo Corporation dated September 14, 2009 (Exhibit 10.1 to the Company’s Current Report on Form 8‑K filed with the Securities and Exchange Commission on September 15, 2009 (Securities and Exchange Commission file No. 00‑00371))
	(2)	*		Separation and Distribution Agreement by and between Belo Corp. and A. H. Belo Corporation dated as of February 8, 2008 (Exhibit 2.1 to the February 12, 2008 Form 8‑K)
	(3)	*		Pension Plan Transfer Agreement by and between Belo Corp. and A. H. Belo Corporation dated as of October 6, 2010 (Exhibit 10.1 to the Company’s Current Report on Form 8‑K filed with the Securities and Exchange Commission on October 8, 2010 (Securities and Exchange Commission file No. 001-33741))
	(4)	*		Agreement among the Company, Belo Corp., and The Pension Benefit Guaranty Corporation, effective March 9, 2011 (Exhibit 10.3(6) to the Company’s Annual Report on Form 10‑K filed with the Securities and Exchange Commission on March 11, 2011 (Securities and Exchange Commission File No. 001‑33741))
31.1				Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes‑Oxley Act of 2002
31.2				Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes‑Oxley Act of 2002
32				Certifications of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes‑Oxley Act of 2002
101.INS			**	XBRL Instance Document
101.SCH			**	XBRL Taxonomy Extension Schema
101.CAL			**	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF			**	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB			**	XBRL Taxonomy Extension Label Linkbase Document
101.PRE			**	XBRL Taxonomy Extension Presentation Linkbase Document

A. H. Belo Corporation Third Quarter 2014 on Form 10-Q PAGE 29

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

A. H. BELO CORPORATION
By:	/s/ Alison K. Engel
		Alison K. Engel
		Senior Vice President/Chief Financial Officer
		(Principal Financial Officer)
Date:	October 29, 2014

By:	/s/ Michael N. Lavey
		Michael N. Lavey
		Vice President/Controller
		(Principal Accounting Officer)
Date:	October 29, 2014

PAGE 30 A. H. Belo Corporation Third Quarter 2014 on Form 10-Q

EXHIBIT INDEX

Exhibit Number		Description
31.1		Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes‑Oxley Act of 2002
31.2		Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes‑Oxley Act of 2002
32		Certifications of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes‑Oxley Act of 2002
101.INS	**	XBRL Instance Document
101.SCH	**	XBRL Taxonomy Extension Schema
101.CAL	**	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	**	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	**	XBRL Taxonomy Extension Label Linkbase Document
101.PRE	**	XBRL Taxonomy Extension Presentation Linkbase Document

In accordance with Regulation S-T, the XBRL-related information marked with a double asterisk (**) in Exhibit No. 101 to this Quarterly Report on Form 10-Q is deemed filed.

A. H. Belo Corporation Third Quarter 2014 on Form 10-Q PAGE 31

EX-31.1

Exhibit 31.1

SECTION 302 CERTIFICATION

I, James M. Moroney III, Chairman of the Board, President and Chief Executive Officer of A. H. Belo Corporation, certify that:

1. I have reviewed this quarterly report on Form 10-Q of A. H. Belo Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

By:	/s/ James M. Moroney III
		James M. Moroney III
		Chairman of the Board, President and Chief Executive Officer
Date:	October 29, 2014

EX-31.2

Exhibit 31.2

SECTION 302 CERTIFICATION

I, Alison K. Engel, Senior Vice President/Chief Financial Officer of A. H. Belo Corporation, certify that:

1. I have reviewed this quarterly report on Form 10-Q of A. H. Belo Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

By:	/s/ Alison K. Engel
		Alison K. Engel
		Senior Vice President/Chief Financial Officer
Date:	October 29, 2014

EX-32.0

Exhibit 32

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of A. H. Belo Corporation (the “Company”) on Form 10-Q for the period ended September 30, 2014, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), the undersigned, James M. Moroney III, Chairman of the Board, President and Chief Executive Officer of the Company, and Alison K. Engel, Senior Vice President/Chief Financial Officer of the Company, each hereby certifies, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

By:	/s/ James M. Moroney III
		James M. Moroney III
		Chairman of the Board, President and Chief Executive Officer
Date:	October 29, 2014

By:	/s/ Alison K. Engel
		Alison K. Engel
		Senior Vice President/Chief Financial Officer
Date:	October 29, 2014

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Income Taxes Supplemental Information (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Tax Disclosure [Abstract]
Income tax expense	$ 1,156	$ 384	$ 3,475	$ 1,373
Effective Income Tax Rate, Continuing Operations			16.90%	(68.70%)
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Amount			650
Income Taxes Paid, Net			$ 2,203	$ 1,521
Tax Credit Carryforward, Expiration Date			Dec. 31, 2016

XML

Equity Method Investments (Schedule of summarized financial information) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Classified Ventures
Schedule of Equity Method Investments
Equity Method Investment, Summarized Financial Information, Revenue	$ 119,434	$ 107,724	$ 347,369	$ 306,344
Equity Method Investment Summarized Financial Information, Gross Profit	107,456	95,238	311,231	275,436
Equity Method Investment, Summarized Financial Information, Income (Loss) from Continuing Operations before Extraordinary Items	6,086	22,349	35,942	53,789
Equity Method Investment, Summarized Financial Information, Net Income (Loss)	7,251	30,767	607,588	81,604
Wanderful
Schedule of Equity Method Investments
Equity Method Investment, Summarized Financial Information, Revenue	1,129	1,338	3,478	4,011
Equity Method Investment Summarized Financial Information, Gross Profit	912	1,087	2,797	3,216
Equity Method Investment, Summarized Financial Information, Net Income (Loss)	$ (2,306)	$ (2,062)	$ (7,097)	$ (6,567)

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Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2014

Equity [Abstract]

Changes in accumulated other comprehensive loss

The tables below set forth the changes in accumulated other comprehensive loss, net of taxes.

	Three Months Ended September 30,
	2014									2013
	Total			Defined benefit pension plans			Other post-employment benefit plans			Total			Defined benefit pension plans			Other post-employment benefit plans
Balance, beginning of period	$	(15,440	)	$	(16,059	)	$	619		$	(73,041	)	$	(74,081	)	$	1,040
Amortization	(173		)	—			(173		)	245			426			(181		)
Balance, end of period	$	(15,613	)	$	(16,059	)	$	446		$	(72,796	)	$	(73,655	)	$	859
	Nine Months Ended September 30,
	2014									2013
	Total			Defined benefit pension plans			Other post-employment benefit plans			Total			Defined benefit pension plans			Other post-employment benefit plans
Balance, beginning of period	$	(15,093	)	$	(16,059	)	$	966		$	(73,532	)	$	(74,932	)	$	1,400
Amortization	(520		)	—			(520		)	736			1,277			(541		)
Balance, end of period	$	(15,613	)	$	(16,059	)	$	446		$	(72,796	)	$	(73,655	)	$	859

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Shareholders' Equity (Schedule of accumulated other comprehensive loss) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Accumulated other comprehensive income (loss) rollforward
Balance, beginning of period	$ (15,440)	$ (73,041)	$ (15,093)	$ (73,532)
Amortization of net actuarial (losses) gains	(173)	245	(520)	736
Balance, end of period	(15,613)	(72,796)	(15,613)	(72,796)
A. H. Belo Pension Plans
Accumulated other comprehensive income (loss) rollforward
Balance, beginning of period	(16,059)	(74,081)	(16,059)	(74,932)
Amortization of net actuarial (losses) gains	0	426	0	1,277
Balance, end of period	(16,059)	(73,655)	(16,059)	(73,655)
Other Post-Employment Benefit Plans
Accumulated other comprehensive income (loss) rollforward
Balance, beginning of period	619	1,040	966	1,400
Amortization of net actuarial (losses) gains	(173)	(181)	(520)	(541)
Balance, end of period	$ 446	$ 859	$ 446	$ 859

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Long-term Incentive Plans (Narrative) (Details) (USD $) In Thousands, except Share data, unless otherwise specified	9 Months Ended
	Sep. 30, 2014	Feb. 08, 2008
Stock Options
Common shares authorized for equity awards		8,000,000
Vested and exercisable weighted average remaining contractual term	1 year 9 months 14 days
RSUs - Redeemed in Stock
RSUs
Percentage of redemption of RSUs in common stock	60.00%
RSUs - Redeemed in Cash
RSUs
Percentage of redemption of RSUs in cash	40.00%
Liability for the cash portion of redemption	$ 1,707
Maximum | RSUs - Redeemed in Stock
RSUs
RSUs - vesting period	3 years

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Discontinued Operations

9 Months Ended

Sep. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

On September 3, 2014, The Providence Journal Company, a wholly-owned subsidiary of the Company, completed a transaction for the (i) sale of substantially all of the assets comprising the newspaper operations of The Providence Journal and related real property located in Providence, Rhode Island, and (ii) assumption of certain liabilities by LMG Rhode Island Holdings, Inc. (“LMG”), a subsidiary of New Media Investment Group Inc. The purchase price consisted of $46,000 plus a preliminary working capital adjustment of $2,654. Closing costs of $110 and estimated selling and exit costs of $3,735 were recognized in the third quarter of 2014. Proceeds of $47,981 were received in September 2014 and settlement of the working capital adjustment is anticipated in the fourth quarter of 2014.  The Company recorded a pretax gain on the sale of $17,134 in the third quarter of 2014.

In July 2013, the Company completed the sale of the headquarters building and certain press equipment used by The Press-Enterprise in its operations. Total proceeds of $29,093 were received, after selling costs of $1,457. The Company recorded a pretax gain of $4,746 related to these transactions in the third quarter of 2013. On November 21, 2013, the Company completed the sale of the newspaper operations of The Press-Enterprise, including the production facility and related land, to Freedom Communications, Inc. (“Freedom Communications”) under a definitive asset purchase agreement, resulting in sales proceeds of $27,828. A gain of $8,656 was recorded in the fourth quarter of 2013, which was decreased by $25 in 2014.

Upon completion of these divestitures, the Company no longer owns newspaper operations in Providence, Rhode Island or Riverside, California. The Company continues to hold and market for sale certain land and buildings in Providence, Rhode Island, which served as the administrative headquarters of The Providence Journal. The Company also retains the obligation for the A. H. Belo Pension Plan II, which provides benefits to employees of The Providence Journal Company.

As a result of the above transactions, the activity and balances of The Providence Journal and The Press-Enterprise as of September 30, 2014 and 2013, are presented as discontinued operations. Major components of these amounts presented as discontinued operations in the condensed consolidated financial statements are set forth below.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2014			2013			2014			2013
Income (loss) from discontinued operations
The Providence Journal
Revenue	$	15,079		$	22,688		$	58,591		$	65,394
Costs and expense	(14,436		)	(21,026		)	(54,825		)	(63,466		)
	643			1,662			3,766			1,928
The Press-Enterprise
Revenue	—			12,987			—			38,836
Costs and expense	—			(14,562		)	—			(43,966		)
	—			(1,575		)	—			(5,130		)
Income (loss) from discontinued operations	643			87			3,766			(3,202		)
Gain (loss) related to the divestiture of discontinued operations
Gain on sale of The Providence Journal	17,134			—			17,134			—
Gain on sale of The Press-Enterprise	—			—			(25		)	—
Gain on sale of The Press-Enterprise office building and press equipment	—			4,746			—			4,746
	17,134			4,746			17,109			4,746
Tax expense (benefit) from discontinued operations
The Providence Journal	1,652			8			1,698			(89		)
The Press-Enterprise	—			(13		)	—			(49		)
	1,652			(5		)	1,698			(138		)
Gain (loss) from discontinued operations	$	16,125		$	4,838		$	19,177		$	1,682

	September 30,		December 31,
	2014		2013
Assets of discontinued operations
The Providence Journal
Current assets	$	875	$	13,343
Property, plant and equipment, net	—		22,249
Other assets	—		5,491
Total	875		41,083
The Press-Enterprise
Current assets	—		1,633
Total	—		1,633
Total assets of discontinued operations	$	875	$	42,716
Liabilities of discontinued operations
The Providence Journal
Accrued expenses	$	995	$	5,168
Deferred revenue	—		4,342
Total	995		9,510
The Press-Enterprise
Accrued expenses	—		2,028
Total	—		2,028
Total liabilities of discontinued operations	$	995	$	11,538

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Shareholders' Equity (Narrative) (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Equity [Abstract]
Number of shares authorized to be repurchased	1,500,000		1,500,000
Treasury stock purchases	$ 1,424	$ 922	$ 3,542	$ 2,286
Dividends [Abstract]
Payments of dividends	1,796	1,814	39,225	4,549
SpecialDividendDeclaredMay15,2014
Dividends [Abstract]
Payments of dividends			33,819
Common Stock, Dividends, Per Share, Declared			$ 1.50
DividendDeclaredSeptember11,2014 [Member]
Dividends [Abstract]
Dividends payable, date declared	Sep. 11, 2014
Common Stock, Dividends, Per Share, Declared	$ 0.08
Dividends payable, date of record	Nov. 14, 2014
Dividends payable, date to be paid	Dec. 05, 2014
Treasury Stock
Equity [Abstract]
Treasury stock purchases			$ 3,542	$ 2,286
Treasury Stock | Series A: Common stock
Equity [Abstract]
Treasury stock, acquired shares	126,164	124,122	326,249	358,153

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Goodwill and Other Intangibles (Schedule of identifiable intangible assets) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]
Gross intangible assets	$ 975	$ 362
Accumulated amortization	(242)	(121)
Net balance	$ 733	$ 241

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Discontinued Operations (Disposal Groups) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) from discontinued operations	$ 643	$ 87	$ 3,766	$ (3,202)
Gain related to the divestiture of discontinued operations, net	17,134	4,746	17,109	4,746
Tax expense (benefit) from discontinued operations	1,652	(5)	1,698	(138)
Less: Income (loss) from discontinued operations, net	16,125	4,838	19,177	1,682
Assets of discontinued operations	875		875		42,716
Liabilities of discontinued operations	995		995		11,538
Providence Journal
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue	15,079	22,688	58,591	65,394
Costs and expense	(14,436)	(21,026)	(54,825)	(63,466)
Income (loss) from discontinued operations	643	1,662	3,766	1,928
Gain related to the divestiture of discontinued operations, net	17,134	0	17,134	0
Tax expense (benefit) from discontinued operations	1,652	8	1,698	(89)
Current assets	875		875		13,343
Property, plant, and equipment, net	0		0		22,249
Other assets	0		0		5,491
Assets of discontinued operations	875		875		41,083
Accrued expenses	995		995		5,168
Deferred revenue	0		0		4,342
Liabilities of discontinued operations	995		995		9,510
Press Enterprise Operations Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain related to the divestiture of discontinued operations, net	0	0	(25)	0
Press Enterprise
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue	0	12,987	0	38,836
Costs and expense	0	(14,562)	0	(43,966)
Income (loss) from discontinued operations	0	(1,575)	0	(5,130)
Tax expense (benefit) from discontinued operations	0	(13)	0	(49)
Current assets	0		0		1,633
Assets of discontinued operations	0		0		1,633
Accrued expenses	0		0		2,028
Liabilities of discontinued operations	0		0		2,028
Press Enterprise Building and Equipment Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain related to the divestiture of discontinued operations, net	$ 0	$ 4,746	$ 0	$ 4,746

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Earnings Per Share (Schedule of earnings per share reconciliation) (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Earnings (numerator)
Net income (loss) attributable to A. H. Belo Corporation	$ 18,444	$ 5,321	$ 36,387	$ (1,520)
Less: Income from discontinued operations, net	16,125	4,838	19,177	1,682
Less: Income to participating securities	41	59	910	151
Net income (loss) available to common shareholders from continuing operations	$ 2,278	$ 424	$ 16,300	$ (3,353)
Shares (denominator)
Weighted Average Number of Shares Outstanding, Basic	21,890,754	21,943,876	21,927,920	22,005,705
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	100,962	125,635	111,328	0
Weighted Average Number of Shares Outstanding, Diluted	21,991,716	22,069,511	22,039,248	22,005,705
Earnings (loss) per share from continuing operations
Income (Loss) from Continuing Operations, Per Basic and Diluted Share	$ 0.10	$ 0.02	$ 0.74	$ (0.15)

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Goodwill and Intangible Assets (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]
Carrying value of goodwill	$ 24,582	$ 24,582
Customer Relationships, Useful Life	3 years

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Investments (Schedule of investments) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Investments [Abstract]
Equity Method Investments	$ 5,889	$ 6,401
Cost method investments	932	932
Total investments	$ 6,821	$ 7,333

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Summary of Significant Accounting Policies

9 Months Ended

Sep. 30, 2014

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Summary of Significant Accounting Policies

Description of Business.    A. H. Belo Corporation and subsidiaries (“A. H. Belo” or the “Company”), headquartered in Dallas, Texas, is a leading local news and information publishing company with commercial printing, distribution and direct mail capabilities, as well as businesses with expertise in emerging media and digital marketing. With a continued focus on extending the Company’s media platform, A. H. Belo is able to deliver news and information in innovative ways to new audiences with diverse interests and lifestyles.

The Company publishes The Dallas Morning News (www.dallasnews.com), Texas’ leading newspaper and winner of nine Pulitzer Prizes; the Denton Record-Chronicle (www.dentonrc.com), a daily newspaper operating in Denton, Texas, and various niche publications targeting specific audiences. A. H. Belo also offers digital marketing solutions through 508 Digital and Your Speakeasy, LLC.

Basis of Presentation.    These condensed consolidated financial statements include the accounts of A. H. Belo and its subsidiaries and were prepared in accordance with United States Generally Accepted Accounting Principles (“GAAP”) for interim financial information and in accordance with the Securities and Exchange Commission’s (“SEC”) instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. In the opinion of management, all adjustments considered necessary for a fair presentation are included. Transactions between the consolidated companies are eliminated and noncontrolling interests in less than wholly-owned subsidiaries are reflected in the consolidated financial statements. These condensed consolidated financial statements should be read in conjunction with the audited financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013. Operating results for the three and nine months endedSeptember 30, 2014, may not be necessarily indicative of the results that may be expected for the year ending December 31, 2014. All dollar amounts are presented in thousands, except per share amounts, unless the context requires otherwise.

In September 2014, the Company completed the sale of substantially all of the assets and certain liabilities which comprise the newspaper operations of The Providence Journal, a daily newspaper in Providence, Rhode Island and the oldest continuously-published daily newspaper in the United States. In 2013, the Company completed the disposition of The Press‑Enterprise, a daily newspaper in Riverside, California, which serves the Inland Southern California region. As described in Note 2 – Discontinued Operations, these dispositions meet the criteria and are reflected as discontinued operations as prescribed under Accounting Standards Codification 205 - Presentation of Financial Statements. Accordingly, presentation of current and prior period amounts in the condensed consolidated financial statements and notes thereto reflect continuing operations of the Company unless otherwise noted.

New Accounting Standards. The Financial Accounting Standards Board (“FASB”) recently issued Accounting Standards Update (“ASU”) No. 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists, which generally requires an unrecognized tax benefit to be presented in the financial statements as a reduction to a deferred tax asset when a net operating loss or other tax credit carryforward exists. The assessment should be performed by taxing jurisdiction as of each reporting date. The update is effective for fiscal years and interim periods beginning after December 15, 2013. The implementation of this update did not have a material impact to the presentation of uncertain tax positions within the consolidated balance sheets.

In April 2014, the FASB issued ASU 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360) - Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. Under this amendment, requirements for reporting discontinued operations have changed. Discontinued operations may include disposals of a business, nonprofit activity and component of an entity upon meeting certain other criteria. Disposals representing components of an entity must reflect a strategic shift that has a major effect on the entity’s operations and financial results. Previous conditions prohibiting the entity from having significant continuing involvement in the disposal group and requiring the elimination of operations and cash flows from ongoing operations of the entity have been removed. The update is effective on a prospective basis for disposals that occur within annual periods beginning on or after December 15, 2014, and interim periods in those years. The Company completed the sale of substantially all of the assets and certain liabilities which comprise the newspaper operations of The Providence Journal in the third quarter of 2014. The operations of The Providence Journal are presented as a discontinued operation under the current accounting standards. The Company does not anticipate the implementation of this update will impact the presentation of discontinued operations within its financial statements.

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). This guidance generally clarifies the principles for recognizing revenue and develops a common revenue standard for GAAP and International Financial Reporting Standards. The standard outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes the most current revenue recognition guidance. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The update is effective for fiscal years and interim periods beginning after December 15, 2016, and interim periods in those years. The Company is evaluating the impact of adoption and has not yet selected a transition method, but does not anticipate this update will have a material impact on its recognition and presentation of revenues within the consolidated statements of operations.

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Investments (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended		1 Months Ended	3 Months Ended	9 Months Ended			3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Oct. 29, 2014 Classified Ventures Subsequent Event	Sep. 30, 2014 Classified Ventures	Sep. 30, 2014 Classified Ventures	Sep. 30, 2014 Wanderful	Sep. 30, 2014 First Quarter Impairment Wanderful	Sep. 30, 2014 Third Quarter Impairment Wanderful	Sep. 30, 2014 Third Quarter Impairment Wanderful	Sep. 30, 2014 Apartments.com Sale [Member] Classified Ventures
Investments
Equity method - A. H. Belo ownership percentage of investments						3.30%	3.30%	13.00%
Gains (losses) on equity method investments	$ (953)	$ 723	$ 17,206	$ 1,818								$ 18,479
Impairment charge									934	937	937
Payments to Acquire Other Investments			2,279	1,377				1,909
Other investment-related income	3,540		3,540
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital						765	19,626
Subsequent Event
Subsequent Event, Date					Oct. 01, 2014
Equity Method Investment, Net Sales Proceeds					77,830
Equity Method Investment, Realized Gain (Loss) on Disposal					77,261
Increase (Decrease) in Other Receivables					$ 3,280

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Pension and Other Retirement Plans (Schedule of net periodic pension benefit) (Details) (A. H. Belo Pension Plans, USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Defined Benefit Plan Disclosure
Defined Benefit Plan, Contributions by Employer	$ 5,801	$ 9,664	$ 9,927	$ 12,000
Interest cost	4,330	3,999	12,990	11,997
Expected return on plans' assets	(5,215)	(4,891)	(15,645)	(14,673)
Amortization of net actuarial gains	0	426	0	1,277
Net periodic pension benefit	(885)	(466)	(2,655)	(1,399)
Required Contributions [Member]
Defined Benefit Plan Disclosure
Defined Benefit Plan, Contributions by Employer	5,801	5,060	9,927	7,396
Voluntary Contributions [Member]
Defined Benefit Plan Disclosure
Defined Benefit Plan, Contributions by Employer	$ 0	$ 4,604	$ 0	$ 4,604

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Condensed Consolidated Statements of Operations (unaudited) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Net Operating Revenue
Advertising and marketing services	$ 36,941	$ 40,402	$ 114,918	$ 122,288
Circulation	21,219	21,787	63,458	64,024
Printing and distribution	7,763	5,284	21,200	16,390
Total net operating revenue	65,923	67,473	199,576	202,702
Operating Costs and Expense
Employee compensation and benefits	24,265	27,070	78,151	83,608
Other production, distribution and operating costs	29,846	28,511	87,930	85,640
Newsprint, ink and other supplies	7,910	8,370	24,012	25,484
Depreciation	3,341	3,661	10,099	11,504
Amortization	61	29	121	89
Total operating costs and expense	65,423	67,641	200,313	206,325
Income (loss) from operations	500	(168)	(737)	(3,623)
Other Income (Expense), Net
Gains (losses) on equity method investments, net	(953)	723	17,206	1,818
Interest income (expense)	0	108	0	(311)
Other income, net	3,878	152	4,136	116
Total other income, net	2,925	983	21,342	1,623
Income (Loss) from Continuing Operations Before Income Taxes	3,425	815	20,605	(2,000)
Income tax provision	1,156	384	3,475	1,373
Income (Loss) from Continuing Operations	2,269	431	17,130	(3,373)
Income (loss) from discontinued operations	643	87	3,766	(3,202)
Gain related to the divestiture of discontinued operations, net	17,134	4,746	17,109	4,746
Tax expense (benefit) from discontinued operations	1,652	(5)	1,698	(138)
Gain from Discontinued Operations, Net	16,125	4,838	19,177	1,682
Net Income (Loss)	18,394	5,269	36,307	(1,691)
Net loss attributable to noncontrolling interests	(50)	(52)	(80)	(171)
Net Income (Loss) Attributable to A. H. Belo Corporation	$ 18,444	$ 5,321	$ 36,387	$ (1,520)
Per Share Basis, Basic and Diluted
Income (Loss) from Continuing Operations, Per Basic and Diluted Share	$ 0.10	$ 0.02	$ 0.74	$ (0.15)
Income from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic and Diluted Share	$ 0.74	$ 0.22	$ 0.87	$ 0.07
Earnings (Loss) Per Share, Basic and Diluted	$ 0.84	$ 0.24	$ 1.61	$ (0.08)
Weighted average shares outstanding
Weighted Average Number of Shares Outstanding, Basic	21,890,754	21,943,876	21,927,920	22,005,705
Weighted Average Number of Shares Outstanding, Diluted
Weighted Average Number of Shares Outstanding, Diluted	21,991,716	22,069,511	22,039,248	22,005,705

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Earnings Per Share (Narrative) (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	984,991	1,772,891	984,991	1,898,526

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Condensed Consolidated Statements of Shareholders' Equity (unaudited) (USD $) In Thousands, except Share data, unless otherwise specified	Total USD ($)	Common Stock USD ($)	Common Stock Series A	Common Stock Series B	Additional Paid-in Capital USD ($)	Treasury Stock USD ($)	Treasury Stock Series A	Accumulated Other Comprehensive Income/(Loss) USD ($)	Accumulated Deficit USD ($)	Noncontrolling Interests USD ($)
Beginning Balance at Dec. 31, 2012	$ 102,060	$ 221			$ 495,528	$ (350)		$ (73,532)	$ (319,862)	$ 55
Beginning Balance, Shares Common Stock at Dec. 31, 2012			19,651,830	2,401,556
Beginning Balance, Shares, Treasury Stock at Dec. 31, 2012							(74,130)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)	(1,691)								(1,520)	(171)
Other comprehensive income (loss)	736							736
Noncontrolling Interest, Increase from Subsidiary Equity Issuance	195									195
Treasury stock purchases, shares							(358,153)
Treasury stock purchases	(2,286)					(2,286)
Issuance of shares for restricted stock units, shares			247,863
Issuance of shares for restricted stock units	0	2			(2)
Issuance of shares for stock option exercises, shares			16,820	0
Issuance of shares for stock option exercises	65	0			65
Income tax benefit on options and RSUs	84				84
Share-based compensation	1,107				1,107
Conversion of Series B to Series A, shares			1,880	(1,880)
Conversion of Series B to Series A	0
Dividends	(4,549)								(4,549)
Ending Balance at Sep. 30, 2013	95,721	223			496,782	(2,636)		(72,796)	(325,931)	79
Ending Balance, Shares Common Stock at Sep. 30, 2013			19,918,393	2,399,676
Ending Balance, Shares, Treasury Stock at Sep. 30, 2013							(432,283)
Beginning Balance at Jun. 30, 2013
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)	5,269
Other comprehensive income (loss)	245
Treasury stock purchases, shares							(124,122)
Treasury stock purchases	(922)
Dividends	(1,814)
Ending Balance at Sep. 30, 2013	95,721
Ending Balance, Shares, Treasury Stock at Sep. 30, 2013							(432,283)
Beginning Balance at Dec. 31, 2013	168,776	223			496,682	(3,113)		(15,093)	(310,099)	176
Beginning Balance, Shares Common Stock at Dec. 31, 2013			19,931,599	2,397,155
Beginning Balance, Shares, Treasury Stock at Dec. 31, 2013						(495,200)	(495,200)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)	36,307								36,387	(80)
Other comprehensive income (loss)	(520)							(520)
Noncontrolling Interest, Increase from Subsidiary Equity Issuance	232									232
Treasury stock purchases, shares							(326,249)
Treasury stock purchases	(3,542)					(3,542)
Issuance of shares for restricted stock units, shares			210,522
Issuance of shares for restricted stock units	0	2			(2)
Issuance of shares for stock option exercises, shares	178,192		178,192
Issuance of shares for stock option exercises	861	2			859
Income tax benefit on options and RSUs	873				873
Share-based compensation	756				756
Conversion of Series B to Series A, shares			8,864	(8,864)
Conversion of Series B to Series A	0
Dividends	(39,225)								(39,225)
Ending Balance at Sep. 30, 2014	164,518	227			499,168	(6,655)		(15,613)	(312,937)	328
Ending Balance, Shares Common Stock at Sep. 30, 2014			20,329,177	2,388,291
Ending Balance, Shares, Treasury Stock at Sep. 30, 2014						(821,449)	(821,449)
Beginning Balance at Jun. 30, 2014
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)	18,394
Other comprehensive income (loss)	(173)
Treasury stock purchases, shares							(126,164)
Treasury stock purchases	(1,424)
Dividends	(1,796)
Ending Balance at Sep. 30, 2014	$ 164,518
Ending Balance, Shares, Treasury Stock at Sep. 30, 2014							(821,449)

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Long-term Incentive Plans (Schedule of RSU activity) (Details) (USD $) In Thousands, except Share data, unless otherwise specified	9 Months Ended
	Sep. 30, 2014
RSU non-vested rollforward
Non-vested at December 31, 2013	728,818
Granted	123,232
Vested	(350,892)
Non-vested at September 30, 2014	501,158
Weighted- Average Price on Date of Grant
Beginning balance - Weighted average price	$ 5.59
Granted	$ 11.85
Vested	$ 6.05
Ending balance - Weighted average price	$ 6.81
Vested RSUs redeemed for stock, cash, and related payments
Issuance of Common Stock	210,522
RSUs Redeemed in Cash	140,370
Cash Payments at Closing Price of Stock	$ 1,489

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Investments (Tables)

9 Months Ended

Sep. 30, 2014

Investments [Abstract]

Company's investments

The carrying value of equity method and cost method investments is set forth in the table below.

	September 30,		December 31,
	2014		2013
Equity method investments	$	5,889	$	6,401
Cost method investments	932		932
Total investments	$	6,821	$	7,333

Equity Method Investment Summarized Financial Information

Summarized financial information provided for equity method investments determined to be significant to the Company’s operations for the three and nine months ended September 30, 2014 and 2013, is set forth in the table below.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2014			2013			2014			2013
Classified Ventures
Revenue	$	119,434		$	107,724		$	347,369		$	306,344
Gross Profit	107,456			95,238			311,231			275,436
Net Income from Continuing Operations	6,086			22,349			35,942			53,789
Net Income	7,251			30,767			607,588			81,604
Wanderful Media
Revenue	$	1,129		$	1,338		$	3,478		$	4,011
Gross Profit	912			1,087			2,797			3,216
Net Loss	(2,306		)	(2,062		)	(7,097		)	(6,567		)

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Long-term Incentive Plans (Schedule of compensation expense for RSUs) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Compensation expense related to stock awards
Share-based compensation expense	$ (21)	$ 472	$ 1,904	$ 2,279
RSUs - Redeemed in Stock
Compensation expense related to stock awards
Share-based compensation expense	106	151	698	954
RSUs - Redeemed in Cash
Compensation expense related to stock awards
Share-based compensation expense	$ (127)	$ 321	$ 1,206	$ 1,325

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Pension and Other Retirement Plans (Tables)

9 Months Ended

Sep. 30, 2014

Compensation and Retirement Disclosure [Abstract]

Required and Voluntary Contributions to Pension Plan [Table Text Block]

The table below sets forth required and voluntary contributions the Company made to the pension plans.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2014		2013		2014		2013
Required contributions	$	5,801	$	5,060	$	9,927	$	7,396
Voluntary contributions	—		4,604		—		4,604
Total contributions	$	5,801	$	9,664	$	9,927	$	12,000

Net periodic pension expense (benefit)

The table below sets forth components of net periodic pension benefit.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2014			2013			2014			2013
Interest cost	$	4,330		$	3,999		$	12,990		$	11,997
Expected return on plans' assets	(5,215		)	(4,891		)	(15,645		)	(14,673		)
Amortization of actuarial loss	—			426			—			1,277
Net periodic pension benefit	$	(885	)	$	(466	)	$	(2,655	)	$	(1,399	)

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Condensed Consolidated Statements of Cash Flows (unaudited) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Operating Activities
Net Income (Loss)	$ 36,307	$ (1,691)
Adjustments to reconcile net income (loss) to net cash provided by operations:
Net income from discontinued operations	(19,177)	(1,682)
Depreciation and amortization	10,220	11,593
Net periodic benefit and contributions related to employee benefit plans	(13,125)	(16,184)
Share-based compensation	698	954
Gain on disposition of assets	(867)	(23)
Deferred income taxes	915	1,919
Unrecognized Tax Benefits, Decrease Resulting from Current Period Tax Positions	0	(108)
Equity method investment gains	(19,077)	(1,818)
Gain on investment related activity, net	(1,669)	0
Write-off of unamortized debt issuance costs	0	401
Other operating activities	(651)	188
Changes in working capital and other operating assets and liabilities, net	3,274	4,196
Net cash used for continuing operations	(3,152)	(2,255)
Net cash provided by discontinued operations	6,386	8,735
Net cash provided by operating activities	3,234	6,480
Investing Activities
Capital expenditures, net	(4,594)	(3,032)
Purchase of investments	(2,279)	(1,377)
Proceeds from sale of property, plant, and equipment	3,401	0
Investment distribution proceeds	19,626	0
Proceeds from Other Investing Activities	3,540	0
Net cash provided by (used for) continuing investing activities	19,694	(4,409)
Net cash provided by discontinued investing activities	44,799	26,915
Net cash provided by investing activities	64,493	22,506
Financing Activities
Dividends paid	(39,225)	(4,549)
Purchase of treasury stock	(3,542)	(2,286)
Proceeds from exercise of stock options	861	65
Capital contributions by noncontrolling interests	49	126
Net cash used for financing activities	(41,857)	(6,644)
Net increase in cash and cash equivalents	25,870	22,342
Cash and cash equivalents at beginning of period	82,193	34,094
Cash and cash equivalents at end of period	$ 108,063	$ 56,436

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Condensed Consolidated Statements of Comprehensive Loss (unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Net Income (Loss)	$ 18,394	$ 5,269	$ 36,307	$ (1,691)
Other Comprehensive Income (Loss), Net of Tax:
Amortization of net actuarial (losses) gains	(173)	245	(520)	736
Total other comprehensive (loss) income	(173)	245	(520)	736
Comprehensive Income (Loss)	18,221	5,514	35,787	(955)
Comprehensive loss attributable to noncontrolling interests	(50)	(52)	(80)	(171)
Total Comprehensive Income (Loss) Attributable to A. H. Belo Corporation	$ 18,271	$ 5,566	$ 35,867	$ (784)

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Earnings Per Share

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The table below sets forth the reconciliations for net loss and weighted average shares used for calculating basic and diluted earnings per share. The Company’s Series A and B common stock equally share in the distributed and undistributed earnings.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2014		2013		2014		2013
Earnings (numerator)
Net income (loss) attributable to A. H. Belo Corporation	$	18,444	$	5,321	$	36,387	$	(1,520	)
Less: Income from discontinued operations, net	16,125		4,838		19,177		1,682
Less: Income to participating securities	41		59		910		151
Net income (loss) available to common shareholders from continuing operations	$	2,278	$	424	$	16,300	$	(3,353	)
Shares (denominator)
Weighted average common shares outstanding (basic)	21,890,754		21,943,876		21,927,920		22,005,705
Effect of dilutive securities	100,962		125,635		111,328		—
Adjusted weighted average shares outstanding (diluted)	21,991,716		22,069,511		22,039,248		22,005,705
Earnings (loss) per share from continuing operations
Basic and Diluted	$	0.10	$	0.02	$	0.74	$	(0.15	)

The Company considers outstanding stock options and RSUs in the calculation of its earnings per share. A total of 984,991 options and RSUs outstanding during the three and nine months endedSeptember 30, 2014, and 1,772,891 and 1,898,526 options and RSUs outstanding during the three and nine months endedSeptember 30, 2013, respectively, were excluded from the calculation because either they did not affect the earnings per share for common shareholders or the effect was anti-dilutive.

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Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Oct. 24, 2014
Entity Registrant Name	A. H. Belo Corp
Entity Central Index Key	0001413898
Document Type	10-Q
Document Period End Date	Sep. 30, 2014
Amendment Flag	false
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		21,872,537
Series A: Common stock
Entity Common Stock, Shares Outstanding		19,484,300
Series B: Common stock
Entity Common Stock, Shares Outstanding		2,388,237

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Contingencies

9 Months Ended

Sep. 30, 2014

Commitments and Contingencies Disclosure [Abstract]

Contingencies

Contingencies

A number of legal proceedings are pending against A. H. Belo. In the opinion of management, liabilities, if any, arising from these legal proceedings would not have a material adverse effect on A. H. Belo’s results of operations, liquidity or financial condition.

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Condensed Consolidated Balance Sheets (unaudited) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 108,063	$ 82,193
Accounts receivable (net of allowance of $1,303 and $1,055 at September 30, 2014 and December 31, 2013, respectively)	25,095	32,270
Inventories	6,971	5,567
Prepaids and other current assets	8,233	5,618
Deferred income taxes, net	0	61
Assets of discontinued operations	875	42,716
Total current assets	149,237	168,425
Property, plant and equipment, at cost:
Property, plant and equipment, at cost	474,406	488,998
Less accumulated depreciation	(407,581)	(414,135)
Property, plant and equipment, net	66,825	74,863
Goodwill	24,582	24,582
Intangible assets, net	733	241
Investments	6,821	7,333
Deferred income taxes, net	602	538
Other assets	4,083	3,236
Total assets	252,883	279,218
Current liabilities:
Accounts payable	11,929	13,717
Accrued compensation and benefits	11,221	9,816
Advance subscription payments	14,416	14,842
Other Accrued Liabilities, Current	5,614	4,459
Deferred Tax Liabilities, Net, Current	137	0
Liabilities of discontinued operations	995	11,538
Total current liabilities	44,312	54,372
Long-term pension liabilities	37,500	50,082
Other post-employment benefits	2,640	2,730
Other liabilities	3,913	3,258
Shareholders’ equity:
Preferred stock, $.01 par value; Authorized 2,000,000 shares; none issued	0	0
Treasury stock, Series A, at cost; 821,449 and 495,200 shares held at September 30, 2014 and December 31, 2013, respectively	(6,655)	(3,113)
Additional paid-in capital	499,168	496,682
Accumulated other comprehensive loss	(15,613)	(15,093)
Accumulated deficit	(312,937)	(310,099)
Total shareholders’ equity attributable to A. H. Belo Corporation	164,190	168,600
Noncontrolling interests	328	176
Total shareholders’ equity	164,518	168,776
Total liabilities and shareholders’ equity	252,883	279,218
Series A: Common stock
Shareholders’ equity:
Common stock, $.01 par value; Authorized 125,000,000 shares	203	199
Series B: Common stock
Shareholders’ equity:
Common stock, $.01 par value; Authorized 125,000,000 shares	$ 24	$ 24

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Long-term Incentive Plans

9 Months Ended

Sep. 30, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Compensation Related Costs, share-based Payments

Long-term Incentive Plans

A. H. Belo sponsors a long-term incentive plan under which 8,000,000 common shares are authorized for equity based awards. Awards under the plan may be granted to A. H. Belo employees and outside directors in the form of non-qualified stock options, incentive stock options, restricted shares, restricted stock units (“RSUs”), performance shares, performance units or stock appreciation rights. In addition, stock options may be accompanied by full and limited stock appreciation rights. Rights and limited stock appreciation rights may also be issued without accompanying stock options.

Stock Options.    The table below sets forth a summary of stock option activity under the A. H. Belo long-term incentive plan.

	Number of Options		Weighted-Average Exercise Price
Outstanding at December 31, 2013	910,533		$	15.29
Exercised	(178,192	)	4.83
Canceled	(31,968	)	26.93
Outstanding at September 30, 2014	700,373		$	17.42
Vested and exercisable at September 30, 2014	700,373		$	17.42

The vested and exercisable weighted average remaining contractual term of A. H. Belo stock options outstanding as of September 30, 2014, was 1.8 years. The expense associated with all outstanding options was fully recognized in prior years.

Restricted Stock Units. Under A. H. Belo’s long-term incentive plan, the Company’s board of directors periodically awards RSUs. The RSUs have service and/or performance conditions and vest over a period up to three years. Upon vesting, the RSUs are redeemed 60 percent in A. H. Belo Series A common stock and 40 percent in cash. As of September 30, 2014, the liability for the portion of the award to be redeemed in cash was $1,707. The table below sets forth a summary of RSU activity under the A. H. Belo long-term incentive plan.

	Total RSUs		Issuance of Common Stock	RSUs Redeemed in Cash	Cash Payments at Closing Price of Stock		Weighted- Average Price on Date of Grant
Non-vested at December 31, 2013	728,818						$	5.59
Granted	123,232						11.85
Vested	(350,892	)	210,522	140,370	$	1,489	6.05
Non-vested at September 30, 2014	501,158						$	6.81

A. H. Belo recognizes compensation expense for RSUs issued to its employees and directors under its long-term incentive plan on a straight-line basis over the vesting period of the award, as set forth in the table below.

	RSUs Redeemable in Stock		RSUs Redeemable in Cash			Total RSU Awards Expense
Three months ended September 30,
2014	$	106	$	(127	)	$	(21	)
2013	151		321			472
Nine months ended September 30,
2014	$	698	$	1,206		$	1,904
2013	954		1,325			2,279

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Investments

9 Months Ended

Sep. 30, 2014

Investments [Abstract]

Investments

Investments

The Company owns investment interests in various entities which are recorded under the equity method or cost method of accounting, or consolidated if the Company holds a controlling financial interest. Under the equity method, the Company records its share of the investee’s earnings or losses each period in the consolidated statements of operations. Under the cost method, the Company records earnings or losses when such amounts are realized. The carrying value of equity method and cost method investments is set forth in the table below.

	September 30,		December 31,
	2014		2013
Equity method investments	$	5,889	$	6,401
Cost method investments	932		932
Total investments	$	6,821	$	7,333

Equity method investments. Investments recorded under the equity method of accounting include the following:

Classified Ventures, LLC – As of September 30, 2014, the Company owned a 3.3 percent interest in Classified Ventures, in which the other owners were Gannett Co., Inc., The McClatchy Company, Tribune Company and Graham Holdings Company. The principal business operations of Classified Ventures is cars.com. During the third quarter of 2014, the Company announced a transaction to sell its units in Classified Ventures to Gannett Co. Inc. The transaction closed on October 1, 2014, and the Company received pre-tax cash proceeds, net of selling costs, of $77,830. Escrow proceeds of $3,280 will be received within one year. The Company expects to record a gain of $77,261 related to the transaction in the fourth quarter of 2014. The Company received distributions from Classified Ventures of $765 and $19,626 in the three and nine months ended September 30, 2014, respectively, reducing the carrying value of its investment.

Wanderful Media, LLC – The Company owns a 13.0 percent interest in Wanderful, which operates FindnSave.com, a digital shopping platform where consumers can find national and local retail goods and services for sale. This platform combines local media participation with advanced search and database technology to allow consumers to view local advertised offers and online sales circulars or search for an item and receive a list of local advertisers and the price and terms offered for the searched item.

Net gains on equity method investments were $(953) and $723 for the three months ended September 30, 2014 and 2013, respectively, and $17,206 and $1,818 for the nine months ended September 30, 2014 and 2013, respectively.  Gains in the nine months ended September 30, 2014, included an $18,479 gain related to Classified Ventures’ sale of apartments.com, offset by a first quarter impairment charge of $934 related to the Company's investment in Wanderful Media, which was further impaired in the third quarter by $937. The Company determined that an other-than-temporary decline occurred in the value of the investment after evaluating the estimated fair value of the investee as determined by an independent valuation specialist. The Company attributes the impairments primarily to a decline in business related to Wanderful Media’s legacy products. An additional contribution of $1,909 was made in the second quarter of 2014 to provide capital for development of new product offerings as Wanderful Media establishes its market presence.

During the third quarter of 2014, the Company recorded other income of $3,540 for the receipt of an economic parity payment from the former parent company in conjunction with the dissolution of the jointly-owned partnership holding the Company’s investment in Classified Ventures.

Summarized financial information provided for equity method investments determined to be significant to the Company’s operations for the three and nine months ended September 30, 2014 and 2013, is set forth in the table below.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2014			2013			2014			2013
Classified Ventures
Revenue	$	119,434		$	107,724		$	347,369		$	306,344
Gross Profit	107,456			95,238			311,231			275,436
Net Income from Continuing Operations	6,086			22,349			35,942			53,789
Net Income	7,251			30,767			607,588			81,604
Wanderful Media
Revenue	$	1,129		$	1,338		$	3,478		$	4,011
Gross Profit	912			1,087			2,797			3,216
Net Loss	(2,306		)	(2,062		)	(7,097		)	(6,567		)

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Long-term Incentive Plans (Tables)

9 Months Ended

Sep. 30, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock option activity

The table below sets forth a summary of stock option activity under the A. H. Belo long-term incentive plan.

	Number of Options		Weighted-Average Exercise Price
Outstanding at December 31, 2013	910,533		$	15.29
Exercised	(178,192	)	4.83
Canceled	(31,968	)	26.93
Outstanding at September 30, 2014	700,373		$	17.42
Vested and exercisable at September 30, 2014	700,373		$	17.42

RSU activity

The table below sets forth a summary of RSU activity under the A. H. Belo long-term incentive plan.

	Total RSUs		Issuance of Common Stock	RSUs Redeemed in Cash	Cash Payments at Closing Price of Stock		Weighted- Average Price on Date of Grant
Non-vested at December 31, 2013	728,818						$	5.59
Granted	123,232						11.85
Vested	(350,892	)	210,522	140,370	$	1,489	6.05
Non-vested at September 30, 2014	501,158						$	6.81

Compensation expense related to RSU awards

A. H. Belo recognizes compensation expense for RSUs issued to its employees and directors under its long-term incentive plan on a straight-line basis over the vesting period of the award, as set forth in the table below.

	RSUs Redeemable in Stock		RSUs Redeemable in Cash			Total RSU Awards Expense
Three months ended September 30,
2014	$	106	$	(127	)	$	(21	)
2013	151		321			472
Nine months ended September 30,
2014	$	698	$	1,206		$	1,904
2013	954		1,325			2,279

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Summary of Significant Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2014

Accounting Policies [Abstract]

Basis of Presentation, Policy

These condensed consolidated financial statements include the accounts of A. H. Belo and its subsidiaries and were prepared in accordance with United States Generally Accepted Accounting Principles (“GAAP”) for interim financial information and in accordance with the Securities and Exchange Commission’s (“SEC”) instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. In the opinion of management, all adjustments considered necessary for a fair presentation are included. Transactions between the consolidated companies are eliminated and noncontrolling interests in less than wholly-owned subsidiaries are reflected in the consolidated financial statements. These condensed consolidated financial statements should be read in conjunction with the audited financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013. Operating results for the three and nine months endedSeptember 30, 2014, may not be necessarily indicative of the results that may be expected for the year ending December 31, 2014. All dollar amounts are presented in thousands, except per share amounts, unless the context requires otherwise.

In September 2014, the Company completed the sale of substantially all of the assets and certain liabilities which comprise the newspaper operations of The Providence Journal, a daily newspaper in Providence, Rhode Island and the oldest continuously-published daily newspaper in the United States. In 2013, the Company completed the disposition of The Press‑Enterprise, a daily newspaper in Riverside, California, which serves the Inland Southern California region. As described in Note 2 – Discontinued Operations, these dispositions meet the criteria and are reflected as discontinued operations as prescribed under Accounting Standards Codification 205 - Presentation of Financial Statements. Accordingly, presentation of current and prior period amounts in the condensed consolidated financial statements and notes thereto reflect continuing operations of the Company unless otherwise noted.

New Accounting Pronouncements, Policy

The Financial Accounting Standards Board (“FASB”) recently issued Accounting Standards Update (“ASU”) No. 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists, which generally requires an unrecognized tax benefit to be presented in the financial statements as a reduction to a deferred tax asset when a net operating loss or other tax credit carryforward exists. The assessment should be performed by taxing jurisdiction as of each reporting date. The update is effective for fiscal years and interim periods beginning after December 15, 2013. The implementation of this update did not have a material impact to the presentation of uncertain tax positions within the consolidated balance sheets.

In April 2014, the FASB issued ASU 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360) - Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. Under this amendment, requirements for reporting discontinued operations have changed. Discontinued operations may include disposals of a business, nonprofit activity and component of an entity upon meeting certain other criteria. Disposals representing components of an entity must reflect a strategic shift that has a major effect on the entity’s operations and financial results. Previous conditions prohibiting the entity from having significant continuing involvement in the disposal group and requiring the elimination of operations and cash flows from ongoing operations of the entity have been removed. The update is effective on a prospective basis for disposals that occur within annual periods beginning on or after December 15, 2014, and interim periods in those years. The Company completed the sale of substantially all of the assets and certain liabilities which comprise the newspaper operations of The Providence Journal in the third quarter of 2014. The operations of The Providence Journal are presented as a discontinued operation under the current accounting standards. The Company does not anticipate the implementation of this update will impact the presentation of discontinued operations within its financial statements.

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). This guidance generally clarifies the principles for recognizing revenue and develops a common revenue standard for GAAP and International Financial Reporting Standards. The standard outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes the most current revenue recognition guidance. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The update is effective for fiscal years and interim periods beginning after December 15, 2016, and interim periods in those years. The Company is evaluating the impact of adoption and has not yet selected a transition method, but does not anticipate this update will have a material impact on its recognition and presentation of revenues within the consolidated statements of operations.

Investment, Policy

The Company owns investment interests in various entities which are recorded under the equity method or cost method of accounting, or consolidated if the Company holds a controlling financial interest. Under the equity method, the Company records its share of the investee’s earnings or losses each period in the consolidated statements of operations. Under the cost method, the Company records earnings or losses when such amounts are realized.

Income Tax, Policy

Income taxes are recorded using the asset and liability method. The provision for taxes reflects the Company’s estimate of the effective tax rate expected to be applicable for the full fiscal year, adjusted for any discrete transactions which are reported in the period in which they occur. The estimated effective tax rate is re-evaluated each quarter based on the Company’s estimated tax expense for the year.

Pension and Other Postretirement Plans, Policy

The Company estimates net periodic pension expense or benefit based on the expected return on plan assets, the interest on projected pension obligations and the amortization of actuarial gains and losses in accumulated other comprehensive loss, if required.

Stockholders' Equity, Policy

Accumulated other comprehensive loss contains actuarial gains and losses associated with the A. H. Belo Pension Plans and gains and losses resulting from negative plan amendments and other actuarial experience related to other post-employment benefit plans. The Company records amortization of accumulated other comprehensive loss in employee compensation and benefits in its consolidated statements of operations. Gains and losses associated with the A. H. Belo Pension Plans are amortized over the weighted average remaining life expectancy of the participants. Gains and losses associated with the Company’s other post-employment benefit plans are amortized over the average remaining service period of active plan participants. The net deferred tax assets associated with accumulated other comprehensive loss are fully reserved.

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Pension and Other Retirement Plans

9 Months Ended

Sep. 30, 2014

Compensation and Retirement Disclosure [Abstract]

Pension and Other Retirement Plans

Pension and Other Retirement Plans

Defined Benefit Plans. The Company sponsors two defined benefit pension plans, A. H. Belo Pension Plans I and II (collectively the “A. H. Belo Pension Plans”). A. H. Belo Pension Plan I provides benefits to certain employees primarily employed with The Dallas Morning News or the A. H. Belo corporate offices. A. H. Belo Pension Plan II provides benefits to certain employees at The Providence Journal. This pension obligation has been retained by the Company upon the sale of the newspaper operations of The Providence Journal. The table below sets forth required and voluntary contributions the Company made to the pension plans.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2014		2013		2014		2013
Required contributions	$	5,801	$	5,060	$	9,927	$	7,396
Voluntary contributions	—		4,604		—		4,604
Total contributions	$	5,801	$	9,664	$	9,927	$	12,000

During the third quarter of 2014, the Company accelerated payment of its scheduled fourth quarter contribution. No further contributions are required in 2014, as the Company met minimum funding requirements for the year.

Net Periodic Pension Benefit

The Company estimates net periodic pension expense or benefit based on the expected return on plan assets, the interest on projected pension obligations and the amortization of actuarial gains and losses in accumulated other comprehensive loss, if required. The table below sets forth components of net periodic pension benefit.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2014			2013			2014			2013
Interest cost	$	4,330		$	3,999		$	12,990		$	11,997
Expected return on plans' assets	(5,215		)	(4,891		)	(15,645		)	(14,673		)
Amortization of actuarial loss	—			426			—			1,277
Net periodic pension benefit	$	(885	)	$	(466	)	$	(2,655	)	$	(1,399	)

Defined Contribution Plans. The A. H. Belo Savings Plan (“Savings Plan”), a defined contribution 401(k) plan, covers substantially all employees of A. H. Belo. The Company provides an ongoing dollar-for-dollar match of eligible employee contributions, up to 1.5 percent of the employees’ compensation on a per-pay-period basis. During the three months ended September 30,2014 and 2013, the Company recorded expense of $222 and $223, respectively, and during the nine months ended September 30, 2014 and 2013, the Company recorded expense of $743 and $738, respectively, for matching contributions to this plan.

The Company sponsored the A. H. Belo Pension Transition Supplement Plan (“PTS Plan”), a defined contribution plan, which covered certain employees affected by the curtailment of a defined benefit plan sponsored by the former parent company.  The Company was obligated to make contributions to this plan based on the earnings of actively employed participants for a period of five years, which concluded on March 31, 2013. Final benefits of $598 were accrued in the first quarter of 2013. The Company made contributions of $2,826 in the first and second quarters of 2013. No further obligations exist under this Plan. As a result of fulfilling its obligations to the PTS Plan and in order to achieve efficient administration of the Company's defined contribution plans, the PTS Plan was merged into the A. H. Belo Savings Plan on July 1, 2013. Accordingly, individual participant account balances within the PTS Plan were transferred to their respective accounts in the A. H. Belo Savings Plan and the PTS Plan has ceased to exist as a stand-alone benefit plan of the Company.

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Long-term Debt

9 Months Ended

Sep. 30, 2014

Debt Disclosure [Abstract]

Long-term Debt

Long-term Debt

In January 2013, the Company voluntarily terminated its credit agreement as cash flows from operations were sufficient to meet liquidity requirements and the credit agreement had not been drawn upon since 2009. All liens and security interests under the credit agreement were released and no early termination penalties were incurred by the Company as a result of the termination. Unamortized debt issuance costs of $401 were recorded to interest expense during the nine months ended September 30, 2013, as a result of the termination.

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Income Taxes

9 Months Ended

Sep. 30, 2014

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

Income taxes are recorded using the asset and liability method. The provision for taxes reflects the Company’s estimate of the effective tax rate expected to be applicable for the full fiscal year, adjusted for any discrete transactions which are reported in the period in which they occur. The estimated effective tax rate is re-evaluated each quarter based on the Company’s estimated tax expense for the year.

The Company recognized income tax expense from continuing operations of $1,156 and $384 for the three months ended September 30, 2014 and 2013, respectively, and $3,475 and $1,373 for the nine months ended September 30, 2014 and 2013, respectively. Effective income tax rates from continuing operations were 16.9 percent and (68.7) percent for 2014 and 2013, respectively. The effective tax rate is affected by recurring items such as tax rates and income in jurisdictions which we expect to be fairly consistent in the near term. It is also affected by discrete transactions, primarily related to investment activity, that have occurred during the year that will not recur in future periods. The impact of these discrete transactions for 2014 increased the tax provision by approximately $650. The Company anticipates an additional discrete transaction in the fourth quarter of 2014 that will impact the tax provision as well as reduce the valuation allowance. In addition to these items, the tax expense for the three and nine months ended September 30, 2014 and 2013, was primarily attributable to state income tax expense and changes in the valuation allowance on deferred tax assets.

The Company currently projects taxable income for the year ended December 31, 2014, for federal income tax purposes and in certain state income tax jurisdictions. The Company made cash payments for income taxes, net of refunds, of $2,203 and $1,521 in the nine months ended September 30, 2014 and 2013, respectively. The Company has net operating losses that can be carried forward to offset future taxable income. The Company’s net operating loss carryforwards begin to expire in 2016 if not utilized.

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Shareholders' Equity

9 Months Ended

Sep. 30, 2014

Equity [Abstract]

Shareholders' Equity

Shareholders’ Equity

Accumulated other comprehensive loss. Accumulated other comprehensive loss contains actuarial gains and losses associated with the A. H. Belo Pension Plans and gains and losses resulting from negative plan amendments and other actuarial experience related to other post-employment benefit plans. The Company records amortization of accumulated other comprehensive loss in employee compensation and benefits in its consolidated statements of operations. Gains and losses associated with the A. H. Belo Pension Plans are amortized over the weighted average remaining life expectancy of the participants. Gains and losses associated with the Company’s other post-employment benefit plans are amortized over the average remaining service period of active plan participants. The net deferred tax assets associated with accumulated other comprehensive loss are fully reserved.

In 2014, the Company does not amortize actuarial losses in accumulated other comprehensive loss associated with the Company’s pension plans as the balance of these losses as of December 31, 2013, no longer fell outside the corridor requiring amortization. The tables below set forth the changes in accumulated other comprehensive loss, net of taxes.

	Three Months Ended September 30,
	2014									2013
	Total			Defined benefit pension plans			Other post-employment benefit plans			Total			Defined benefit pension plans			Other post-employment benefit plans
Balance, beginning of period	$	(15,440	)	$	(16,059	)	$	619		$	(73,041	)	$	(74,081	)	$	1,040
Amortization	(173		)	—			(173		)	245			426			(181		)
Balance, end of period	$	(15,613	)	$	(16,059	)	$	446		$	(72,796	)	$	(73,655	)	$	859
	Nine Months Ended September 30,
	2014									2013
	Total			Defined benefit pension plans			Other post-employment benefit plans			Total			Defined benefit pension plans			Other post-employment benefit plans
Balance, beginning of period	$	(15,093	)	$	(16,059	)	$	966		$	(73,532	)	$	(74,932	)	$	1,400
Amortization	(520		)	—			(520		)	736			1,277			(541		)
Balance, end of period	$	(15,613	)	$	(16,059	)	$	446		$	(72,796	)	$	(73,655	)	$	859

Dividends. During the three months ended September 30,2014 and 2013, the Company recorded and paid dividends of $1,796 and $1,814, respectively. During the nine months ended September 30, 2014 and 2013, the Company recorded and paid dividends of $39,225 and $4,549, respectively. Dividends paid in the nine months ended September 30, 2014, include a special dividend of $1.50 per share totaling $33,819.

On September 11, 2014, the Company announced a quarterly dividend of $0.08 per share to shareholders of record and holders of RSUs as of the close of business on November 14, 2014, payable on December 5, 2014.

Treasury Stock. The Company’s board of directors has authorized a share repurchase program for the purchase of up to 1,500,000 shares of the Company’s Series A or Series B common stock through open market purchases, privately negotiated transactions or otherwise. During the three months ended September 30, 2014 and 2013, the Company purchased 126,164 and 124,122 shares of Series A common stock for $1,424 and $922, respectively. During the nine months ended September 30, 2014 and 2013, the Company purchased 326,249 and 358,153 shares of the Company's Series A common stock for $3,542 and $2,286, respectively. All purchases were made through open market transactions and were recorded as treasury stock.

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Long-term Incentive Plans (Schedule of stock option activity) (Details) (USD $)	9 Months Ended
	Sep. 30, 2014
Stock option activity rollforward
Outstanding at December 31, 2013	910,533
Exercised	(178,192)
Canceled	(31,968)
Outstanding at September 30, 2014	700,373
Vested and exercisable at September 30, 2014	700,373
Weighted-Average Exercise Price
Beginning balance - Weighted average price	$ 15.29
Exercised	$ 4.83
Canceled	$ 26.93
Ending Balance - Weighted average price	$ 17.42
Weighted average price - Vested and exercisable at September 30, 2014	$ 17.42

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Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Company's Identifiable Intangible Assets

The carrying value of customer relationships amortized over an estimated useful life of three years, is set forth in the table below.

	September 30,			December 31,
	2014			2013
Gross intangible assets	$	975		$	362
Accumulated amortization	(242		)	(121		)
Net balance	$	733		$	241

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Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Weighted average shares used for calculating basic and diluted earnings per share

The table below sets forth the reconciliations for net loss and weighted average shares used for calculating basic and diluted earnings per share. The Company’s Series A and B common stock equally share in the distributed and undistributed earnings.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2014		2013		2014		2013
Earnings (numerator)
Net income (loss) attributable to A. H. Belo Corporation	$	18,444	$	5,321	$	36,387	$	(1,520	)
Less: Income from discontinued operations, net	16,125		4,838		19,177		1,682
Less: Income to participating securities	41		59		910		151
Net income (loss) available to common shareholders from continuing operations	$	2,278	$	424	$	16,300	$	(3,353	)
Shares (denominator)
Weighted average common shares outstanding (basic)	21,890,754		21,943,876		21,927,920		22,005,705
Effect of dilutive securities	100,962		125,635		111,328		—
Adjusted weighted average shares outstanding (diluted)	21,991,716		22,069,511		22,039,248		22,005,705
Earnings (loss) per share from continuing operations
Basic and Diluted	$	0.10	$	0.02	$	0.74	$	(0.15	)

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Pension and Other Retirement Plans (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
401(K) Plan
Defined Contribution Plans
Employer Matching Contribution, Percent			1.50%	1.50%
Expense Recognized	$ 222	$ 223	$ 743	$ 738
Pension Transition Supplement Plan
Defined Contribution Plans
Expense Recognized				598
Employer Discretionary Contribution Amount				2,826
Maximum period of supplemental contributions to the PTS plan				5 years
A. H. Belo Pension Plans
Defined Benefit Plans
Expected remaining pension plan contributions			$ 0

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Condensed Consolidated Balance Sheets Parenthetical (unaudited) (USD $) In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Allowance for doubtful accounts receivable	$ 1,303	$ 1,055
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	125,000,000	125,000,000
Common Stock | Series A: Common stock
Common stock, shares issued	20,329,177	19,931,599
Common Stock | Series B: Common stock
Common stock, shares issued	2,388,291	2,397,155
Treasury Stock
Treasury Stock, Number of Shares Held	821,449	495,200
Treasury Stock | Series A: Common stock
Treasury Stock, Number of Shares Held	821,449	495,200

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Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

The Company records goodwill and intangible assets from its previous acquisitions. The carrying value of goodwill was $24,582 as of September 30, 2014 and December 31, 2013. The carrying value of customer relationships amortized over an estimated useful life of three years, is set forth in the table below.

	September 30,			December 31,
	2014			2013
Gross intangible assets	$	975		$	362
Accumulated amortization	(242		)	(121		)
Net balance	$	733		$	241

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Discontinued Operations (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended		3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014 Providence Journal	Sep. 30, 2013 Providence Journal	Sep. 30, 2014 Providence Journal	Sep. 30, 2013 Providence Journal	Sep. 30, 2014 Press Enterprise Building and Equipment Sale	Sep. 30, 2013 Press Enterprise Building and Equipment Sale	Sep. 30, 2014 Press Enterprise Building and Equipment Sale	Sep. 30, 2013 Press Enterprise Building and Equipment Sale	Sep. 30, 2014 Press Enterprise Operations Sale	Sep. 30, 2013 Press Enterprise Operations Sale	Sep. 30, 2014 Press Enterprise Operations Sale	Sep. 30, 2013 Press Enterprise Operations Sale	Dec. 31, 2013 Press Enterprise Operations Sale Subsequent Event
Significant Acquisitions and Disposals [Line Items]
Disposal Date					Sep. 03, 2014		Sep. 03, 2014			Jul. 17, 2013		Jul. 17, 2013					Nov. 21, 2013
Proceeds from Divestiture of Businesses, Net of Cash Divested					$ 47,981		$ 47,981			$ 29,093		$ 29,093					$ 27,828
Purchase Price					46,000		46,000
Working Capital Adjustment					2,654		2,654
Closing Costs					110		110
Selling Expense					3,735		3,735			1,457		1,457
Gain related to the divestiture of discontinued operations, net	17,134	4,746	17,109	4,746	17,134	0	17,134	0	0	4,746	0	4,746	0	0	(25)	0	8,656
Discontinued Operation, Amount of Adjustment to Prior Period Gain (Loss) on Disposal, Net of Tax																	$ (25)

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Long-term Debt (Narrative) (Details) (Revolving Credit Facility, USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2013
Revolving Credit Facility
Line of Credit
Debt issuance costs amortized in current period	$ 401

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Discontinued Operations (Financial Statements of Discontinued Operations) (Tables)

9 Months Ended

Sep. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

Major components of these amounts presented as discontinued operations in the condensed consolidated financial statements are set forth below.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2014			2013			2014			2013
Income (loss) from discontinued operations
The Providence Journal
Revenue	$	15,079		$	22,688		$	58,591		$	65,394
Costs and expense	(14,436		)	(21,026		)	(54,825		)	(63,466		)
	643			1,662			3,766			1,928
The Press-Enterprise
Revenue	—			12,987			—			38,836
Costs and expense	—			(14,562		)	—			(43,966		)
	—			(1,575		)	—			(5,130		)
Income (loss) from discontinued operations	643			87			3,766			(3,202		)
Gain (loss) related to the divestiture of discontinued operations
Gain on sale of The Providence Journal	17,134			—			17,134			—
Gain on sale of The Press-Enterprise	—			—			(25		)	—
Gain on sale of The Press-Enterprise office building and press equipment	—			4,746			—			4,746
	17,134			4,746			17,109			4,746
Tax expense (benefit) from discontinued operations
The Providence Journal	1,652			8			1,698			(89		)
The Press-Enterprise	—			(13		)	—			(49		)
	1,652			(5		)	1,698			(138		)
Gain (loss) from discontinued operations	$	16,125		$	4,838		$	19,177		$	1,682

	September 30,		December 31,
	2014		2013
Assets of discontinued operations
The Providence Journal
Current assets	$	875	$	13,343
Property, plant and equipment, net	—		22,249
Other assets	—		5,491
Total	875		41,083
The Press-Enterprise
Current assets	—		1,633
Total	—		1,633
Total assets of discontinued operations	$	875	$	42,716
Liabilities of discontinued operations
The Providence Journal
Accrued expenses	$	995	$	5,168
Deferred revenue	—		4,342
Total	995		9,510
The Press-Enterprise
Accrued expenses	—		2,028
Total	—		2,028
Total liabilities of discontinued operations	$	995	$	11,538