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: March 31, 2015

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	April 24, 2015
Common Stock, $.01 par value	21,749,161

Total Common Stock consists of 19,361,052 shares of Series A Common Stock and 2,388,109 shares of Series B Common Stock.

A. H. BELO CORPORATION

FORM 10-Q

TABLE OF CONTENTS

		Page
PART I
Item 1.	Financial Information		PAGE 3
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		PAGE 15
Item 3.	Quantitative and Qualitative Disclosures about Market Risk		PAGE 24
Item 4.	Controls and Procedures		PAGE 24
PART II
Item 1.	Legal Proceedings		PAGE 25
Item 1A.	Risk Factors		PAGE 25
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds		PAGE 25
Item 3.	Defaults Upon Senior Securities		PAGE 25
Item 4.	Mine Safety Disclosures		PAGE 25
Item 5.	Other Information		PAGE 25
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 March 31,
In thousands, except share and per share amounts (unaudited)	2015			2014
Net Operating Revenue
Advertising and marketing services	$	36,831		$	37,726
Circulation	21,038			21,012
Printing, distribution and other	7,567			5,654
Total net operating revenue	65,436			64,392
Operating Costs and Expense
Employee compensation and benefits	27,503			28,164
Other production, distribution and operating costs	31,460			28,444
Newsprint, ink and other supplies	8,166			7,988
Depreciation	3,040			3,410
Amortization	373			30
Total operating costs and expense	70,542			68,036
Operating loss	(5,106		)	(3,644		)
Other Income (Expense), Net
Losses on equity method investments, net	(414		)	(408		)
Other income, net	109			117
Total other income (expense), net	(305		)	(291		)
Loss from Continuing Operations Before Income Taxes	(5,411		)	(3,935		)
Income tax (benefit) provision	(5,730		)	891
Income (Loss) from Continuing Operations	319			(4,826		)
Income from discontinued operations	—			977
Loss related to the divestiture of discontinued operations, net	(12		)	(178		)
Tax expense from discontinued operations	—			16
Gain (Loss) from Discontinued Operations, Net	(12		)	783
Net Income (Loss)	307			(4,043		)
Net loss attributable to noncontrolling interests	(56		)	(6		)
Net Income (Loss) Attributable to A. H. Belo Corporation	$	363		$	(4,037	)
Per Share Basis
Basic and Diluted
Continuing operations	$	0.02		$	(0.22	)
Discontinued operations	—			0.03
Net income (loss) attributable to A. H. Belo Corporation	$	0.02		$	(0.19	)
Weighted average shares outstanding
Basic	21,770,698			21,918,000
Diluted	21,845,197			21,918,000

See accompanying Notes to Condensed Consolidated Financial Statements.    

A. H. Belo Corporation First Quarter 2015 on Form 10-Q 3

A. H. Belo Corporation and Subsidiaries

Condensed Consolidated Statements of Comprehensive Income (Loss)

	Three Months Ended March 31,
In thousands (unaudited)	2015			2014
Net Income (Loss)	$	307		$	(4,043	)
Other Comprehensive Income (Loss), Net of Tax:
Amortization of net actuarial gains (losses)	312			(173		)
Total other comprehensive income (loss)	312			(173		)
Comprehensive Income (Loss)	619			(4,216		)
Comprehensive loss attributable to noncontrolling interests	(56		)	(6		)
Total Comprehensive Income (Loss) Attributable to A. H. Belo Corporation	$	675		$	(4,210	)

See accompanying Notes to Condensed Consolidated Financial Statements.

4 A. H. Belo Corporation First Quarter 2015 on Form 10-Q

A. H. Belo Corporation and Subsidiaries

Condensed Consolidated Balance Sheets

	March 31,			December 31,
In thousands, except share amounts (unaudited)	2015			2014
Assets
Current assets:
Cash and cash equivalents	$	81,442		$	158,171
Accounts receivable (net of allowance of $1,380 and $1,262 at March 31, 2015 and December 31, 2014, respectively)	30,911			34,396
Inventories	4,618			4,901
Prepaids and other current assets	10,763			8,422
Deferred income taxes, net	12			—
Assets of discontinued operations	253			565
Total current assets	127,999			206,455
Property, plant and equipment, at cost	469,158			472,186
Less accumulated depreciation	(409,342		)	(410,597		)
Property, plant and equipment, net	59,816			61,589
Intangible assets, net	12,273			656
Goodwill	34,085			24,582
Investments	2,577			2,572
Deferred income taxes, net	462			—
Other assets	2,817			2,893
Total assets	$	240,029		$	298,747
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	11,723		$	12,904
Accrued compensation and benefits	9,638			8,233
Dividends payable	—			50,148
Other accrued expense	4,581			13,684
Advance subscription payments	16,451			15,894
Liabilities of discontinued operations	150			543
Total current liabilities	42,543			101,406
Long-term pension liabilities	64,391			65,859
Other post-employment benefits	2,530			2,656
Deferred income taxes, net	1,041			530
Other liabilities	1,461			2,277
Total liabilities	111,966			172,728
Noncontrolling interests - redeemable	1,263			—
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 20,459,900 and 20,341,501 shares at March 31, 2015 and December 31, 2014, respectively	204			203
Series B: issued 2,388,237 and 2,388,237 shares at March 31, 2015 and December 31, 2014, respectively	24			24
Treasury stock, Series A, at cost; 1,065,484 and 944,636 shares held at March 31, 2015 and December 31, 2014, respectively	(9,202		)	(8,087		)
Additional paid-in capital	500,267			499,320
Accumulated other comprehensive loss	(57,055		)	(57,367		)
Accumulated deficit	(309,742		)	(308,330		)
Total shareholders’ equity attributable to A. H. Belo Corporation	124,496			125,763
Noncontrolling interests	2,304			256
Total shareholders’ equity	126,800			126,019
Total liabilities and shareholders’ equity	$	240,029		$	298,747

See accompanying Notes to Condensed Consolidated Financial Statements.

A. H. Belo Corporation First Quarter 2015 on Form 10-Q 5

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, 2013	19,931,599	2,397,155		$	223	$	496,682		(495,200	)	$	(3,113	)	$	(15,093	)	$	(310,099	)	$	176		$	168,776
Net loss	—	—		—		—			—		—			—			(4,037		)	(6		)	(4,043		)
Other comprehensive loss	—	—		—		—			—		—			(173		)	—			—			(173		)
Treasury stock purchases	—	—		—		—			(75,228	)	(675		)	—			—			—			(675		)
Issuance of shares for restricted stock units	157,659	—		2		(2		)	—		—			—			—			—			—
Issuance of shares for stock option exercises	135,412	—		1		597			—		—			—			—			—			598
Income tax expense on options and RSUs	—	—		—		470			—		—			—			—			—			470
Share-based compensation	—	—		—		527			—		—			—			—			—			527
Conversion of Series B to Series A	4,725	(4,725	)	—		—			—		—			—			—			—			—
Dividends	—	—		—		—			—		—			—			(1,805		)	—			(1,805		)
Balance at March 31, 2014	20,229,395	2,392,430		$	226	$	498,274		(570,428	)	$	(3,788	)	$	(15,266	)	$	(315,941	)	$	170		$	163,675
Balance at December 31, 2014	20,341,501	2,388,237		$	227	$	499,320		(944,636	)	$	(8,087	)	$	(57,367	)	$	(308,330	)	$	256		$	126,019
Net income (loss)	—	—		—		—			—		—			—			363			(56		)	307
Other comprehensive income	—	—		—		—			—		—			312			—			—			312
Capital contributions by noncontrolling interests	—	—		—		—			—		—			—			—			2,104			2,104
Treasury stock purchases	—	—		—		—			(120,848	)	(1,115		)	—			—			—			(1,115		)
Issuance of shares for restricted stock units	100,399	—		1		(1		)	—		—			—			—			—			—
Issuance of shares for stock option exercises	18,000	—		—		71			—		—			—			—			—			71
Income tax benefit on options and RSUs	—	—		—		506			—		—			—			—			—			506
Share-based compensation	—	—		—		371			—		—			—			—			—			371
Dividends	—	—		—		—			—		—			—			(1,775		)	—			(1,775		)
Balance at March 31, 2015	20,459,900	2,388,237		$	228	$	500,267		(1,065,484	)	$	(9,202	)	$	(57,055	)	$	(309,742	)	$	2,304		$	126,800

See accompanying Notes to Condensed Consolidated Financial Statements.

6 A. H. Belo Corporation First Quarter 2015 on Form 10-Q

A. H. Belo Corporation and Subsidiaries

Condensed Consolidated Statements of Cash Flows

	Three Months Ended March 31,
In thousands (unaudited)	2015			2014
Operating Activities
Net Income (Loss)	$	307		$	(4,043	)
Adjustments to reconcile net income (loss) to net cash (used for) provided by operations:
Net (income) loss from discontinued operations	12			(783		)
Depreciation and amortization	3,413			3,440
Net periodic benefit and contributions related to employee benefit plans	(1,142		)	(3,009		)
Equity method investment losses	495			408
Share-based compensation	371			487
Deferred income taxes	(3,932		)	542
Gain on investment related activity, net	(81		)	—
Gain on disposal of fixed assets	(39		)	—
Changes in working capital and other operating assets and liabilities, net	(7,879		)	2,443
Net cash used for continuing operations	(8,475		)	(515		)
Net cash (used for) provided by discontinued operations	(93		)	3,481
Net cash (used for) provided by operating activities	(8,568		)	2,966
Investing Activities
Acquisitions	(14,111		)	—
Capital expenditures, net	(1,170		)	(1,008		)
Purchase of investments	(500		)	—
Other investment related proceeds	81			—
Net cash used for continuing investing activities	(15,700		)	(1,008		)
Net cash used for discontinued investing activities	—			(199		)
Net cash used for investing activities	(15,700		)	(1,207		)
Financing Activities
Dividends paid	(51,923		)	(1,805		)
Purchase of treasury stock	(1,115		)	(675		)
Proceeds from exercise of stock options	71			598
Income tax benefit on options and RSUs	506			470
Net cash used for financing activities	(52,461		)	(1,412		)
Net increase (decrease) in cash and cash equivalents	(76,729		)	347
Cash and cash equivalents at beginning of period	158,171			82,193
Cash and cash equivalents at end of period	$	81,442		$	82,540
Supplemental Disclosures
Income tax paid, net of refunds	$	8,918		$	—
Noncash investing and financing activities:
Noncash contributions by noncontrolling interests	$	3,367		$	—
Impairment of equity method investment	$	—		$	934

See accompanying Notes to Condensed Consolidated Financial Statements.

A. H. Belo Corporation First Quarter 2015 on Form 10-Q 7

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 expertise in emerging media and marketing services. 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 a broad spectrum of 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 and other business marketing solutions as well as event marketing.

Basis of Presentation.    These consolidated financial statements include the accounts of A. H. Belo and its subsidiaries. The Company follows the guidance set by the Financial Accounting Standards Board (“FASB”) or other authoritative accounting standards-setting bodies. Under Accounting Standards Codification (“ASC”) 810 – Consolidation, the Company determines whether subsidiaries, joint ventures, partnerships and other arrangements should be consolidated. Transactions between the consolidated companies are eliminated and noncontrolling interests in less than wholly-owned subsidiaries are reflected in the consolidated 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. All dollar amounts are presented in thousands, except per share amounts, unless the context requires otherwise.

Presentation of current and prior period amounts in the consolidated financial statements and notes thereto reflect continuing operations of the Company, unless otherwise noted. Amounts presented for 2014 are exclusive of results related to discontinued operations as well as prior year results of businesses subsequently acquired in 2015.

New Accounting Pronouncements. The FASB issued Accounting Standards Update (“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 or 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 adoption of this standard did not have a material impact on the accounting for the Company’s discontinued operations.

The FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). This guidance generally clarified 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 currently evaluating the impact this update will have on its recognition and presentation of revenues within the consolidated statements of operations.

The FASB issued ASU 2014-15, Presentation of Financial Statements - Going Concern (Subtopic 205-40). This standard provides guidance around management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related disclosures. The new standard is effective for fiscal years and interim periods beginning after December 15, 2016. Early adoption is permitted. The Company does not anticipate the adoption of this standard to have a material impact on the presentation of the consolidated financial statements or disclosures.

8 A. H. Belo Corporation First Quarter 2015 on Form 10-Q

The FASB issued ASU 2015-02, Consolidation (Topic 810). This update modifies requirements for consolidating certain legal entities. The standard removes the previous presumption that a general partner controls a limited partnership, revises when fees paid to a decision maker or service provider are a variable interest, and places additional emphasis on risk of loss in determining a controlling financial interest. The standard is effective for fiscal years and interim periods beginning after December 15, 2015, with early adoption permitted. The Company is currently evaluating the impact this update will have on its consolidation of legal entities within the consolidated financial statements.

Note 2: Acquisitions

On January 2, 2015, the Company acquired an 80 percent voting interest in DMV Digital Holdings Company, Inc. (“DMV”) which holds all outstanding ownership interests of three Dallas-based businesses, Distribion, Inc., Vertical Nerve, Inc. and CDFX, LLC (d/b/a MarketingFX). These businesses specialize in marketing automation, search engine marketing, direct mail and promotional products, respectively. This acquisition complements and expands the product and service offerings currently available to A. H. Belo clients, thereby strengthening the Company’s diversified product portfolio and allowing for greater penetration in a competitive advertising market.

The Company’s interest in DMV was acquired for a cash purchase price of $14,111, net of $152 cash acquired. Transaction costs related to the purchase were a component of Other production, distribution and operating costs and totaled $1,287, of which $725 were incurred in 2015. The estimated fair value of the acquired businesses totals $17,478, of which $3,495 is attributable to noncontrolling interests. Approximately $693 of goodwill acquired is expected to be deductible for tax purposes. As further discussed in Note 11 – Contingencies, the contribution agreement included provisions for two pro-rata dividends and an embedded put arrangement with certain noncontrolling shareholders of DMV. The Company is in the process of finalizing the business valuation and its allocation to underlying assets and liabilities. The preliminary allocation of the purchase price, which is subject to adjustment upon finalization, is summarized as follows:

	Estimated Fair Value
Working capital, net of acquired cash	$	(79	)
Property, plant and equipment	57
Other intangible assets	11,990
Goodwill	9,503
Deferred income tax liabilities	(3,993		)
	$	17,478

Operating results of the businesses acquired have been included in the Condensed Consolidated Statements of Operations from the acquisition date forward. Revenue from marketing services is recognized at the time services are delivered. For arrangements that include multiple deliverables, revenue and upfront fees are allocated to each unit of accounting based on their relative selling prices. For the three months ended March 31, 2015, operating results include $1,858 of net operating revenue and a pretax loss of $132 before adjusting for noncontrolling interests. Pro forma results of the Company, assuming all of the acquisition had occurred at the beginning of each period presented, would not be materially different from the results reported.

Note 3: 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. 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.

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,

A. H. Belo Corporation First Quarter 2015 on Form 10-Q 9

including 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 are presented as discontinued operations. During the three months ended March 31, 2014, income from discontinued operations included revenues and expenses of $21,194 and $20,217, respectively related to The Providence Journal. The Company reduced the gain on the sale of The Providence Journal in the three months ended March 31, 2015, and The Press-Enterprise in the three months ended March 31, 2014, by $12 and $178, respectively. As of March 31, 2015, the remaining assets and liabilities of discontinued operations were $253 and $150, respectively.

Note 4: Goodwill and Intangible Assets

As presented in Note 2 – Acquisitions, the Company acquired $9,503 of goodwill and $11,990 of definite-lived intangible assets in connection with its acquisition of DMV. Amortization expense of $283 was recorded for the three months ended March 31, 2015. The identification, valuation and amortization of these assets is not complete and subject to adjustment upon finalization. The definite-lived intangible assets are presented below as Other intangible assets, gross.

The Company also records goodwill and intangible assets from its previous acquisitions. The carrying value of goodwill, exclusive of DMV, was $24,582 at March 31, 2015 and December 31, 2014. Definite-lived intangible assets recorded from previous acquisitions consist of customer relationships, amortized over an estimated useful life of 3 years. Amortization expense related to customer relationships from previous acquisitions was $90 and $30 for the three months ended March 31, 2015 and 2014, respectively.

The carrying value of definite-lived intangible assets is set forth in the table below.

	March 31,			December 31,
	2015			2014
Customer relationships, gross	$	975		$	975
Other intangible assets, gross	11,990			—
Finite-lived intangible assets, gross	12,965			975
Accumulated amortization	(692		)	(319		)
Finite-lived intangible assets, net	$	12,273		$	656

Note 5: 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 as a component of other income, net, in the consolidated statements of operations. Under the cost method, the Company records earnings or losses when such amounts are realized. The Company evaluates the recoverability of its investments each period and estimates the fair value of its investments if identified events or circumstances indicate a significant adverse effect on the carrying value. Net losses on equity method investments were $414 and $408 for the three months ended March 31, 2015 and 2014, respectively. The table below sets forth the Company’s investments.

	March 31,		December 31,
	2015		2014
Equity method investments	$	1,145	$	1,640
Cost method investments	1,432		932
Total investments	$	2,577	$	2,572

10 A. H. Belo Corporation First Quarter 2015 on Form 10-Q

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

Wanderful Media, LLC (“Wanderful”) – 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. It also utilizes location-based technology and incentives to drive consumers to retailer locations.

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

Classified Ventures, LLC (“Classified Ventures”) – The Company owned a 3.3 percent interest in Classified Ventures through its sale date on October 1, 2014. The principal business of Classified Ventures is the operation of cars.com.On October 1, 2014, the Company completed a transaction with Gannett Co. Inc. and other unit holders of Classified Ventures whereby Gannett acquired all membership interests from the unit holders of Classified Ventures. Proceeds of $81 were received in the first quarter of 2015, representing an adjustment to the sale price and increasing the gain on the transaction. As of March 31, 2015, a receivable of $3,280 was recorded for additional proceeds related to the sale of Classified Ventures which are expected to be received by the end of the third quarter of 2015.

Consolidated investments. The Company consolidates the following investments in which it has a controlling financial interest:

• Your Speakeasy, LLC (“Speakeasy”) - 70.0 percent ownership - targets middle-market business customers and provides turnkey social media account management and content development services.

• Untapped Festivals, LLC (“Untapped”) - 51.0 percent ownership - hosts events providing craft beer and entertainment events across major Texas cities.

• DMV Digital Holdings Company, Inc. - 80.0 percent ownership - specializes in marketing automation, search engine marketing, direct mail and promotional products.

Note 6: Long-term Incentive Plans

A. H. Belo sponsors a long-term incentive plan under which 8,000,000 common shares were authorized for equity based awards. Awards may be granted to A. H. Belo employees and outside directors in the form of non-qualified stock options, incentive stock options, restricted shares, 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 its long-term incentive plan.

	Number of Options		Weighted-Average Exercise Price
Outstanding at December 31, 2014	432,723		$	13.15
Exercised	(18,000	)	3.95
Canceled	(19,400	)	23.26
Outstanding at March 31, 2015	395,323		$	13.07

The intrinsic value of options exercised in three months ended March 31, 2015 and 2014, was $100 and $813, respectively, and the intrinsic value of outstanding options at March 31, 2015 was $729. The vested and exercisable weighted average remaining contractual term of stock options outstanding as of March 31, 2015, was 2.2 years. The expense associated with all outstanding options was fully recognized in prior years.

A. H. Belo Corporation First Quarter 2015 on Form 10-Q 11

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 of up to three years. Vested RSUs are redeemed 60 percent in A. H. Belo Series A common stock and 40 percent in cash. As of March 31, 2015, the liability for the portion of the award to be redeemed in cash was $1,074. The table below sets forth a summary of RSU activity under its 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, 2014	501,158						$	6.81
Granted	71,102						8.79
Vested	(167,341	)	100,399	66,942	$	596	6.63
Canceled	(48,239	)					7.47
Non-vested at March 31, 2015	356,680						$	7.20

Compensation Expense. A. H. Belo recognizes compensation expense for RSUs issued to its employees and directors under its long-term incentive plan 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 March 31,
2015	$	371	$	(68	)	$	303
2014	487		1,183			1,670

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 applied 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. If a reliable estimate cannot be made of the annual effective tax rate, which could be caused by the significant variability in rates when marginal earnings are expected for the year and significant permanent or temporary differences exist, a discrete tax rate is calculated for the period.

The Company recognized income tax (benefit) provision from continuing operations of $(5,730) and $891 for the three months ended March 31,2015 and 2014, respectively. Effective income tax rates from continuing operations were 105.9 percent and (22.6) percent for 2015 and 2014, 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. Tax benefit for the three months ended March 31,2015, reflected a reduction in the valuation allowance for deferred tax assets of $3,993 as a result of DMV acquisition-date deferred tax liabilities assumed. Tax provision for the three months ended March 31, 2014, was primarily attributable to state income tax expense and changes in the valuation allowance on deferred tax assets.

Note 8: Pension and Other Retirement Plans

Defined Benefit Plans. The Company sponsors two defined benefit pension plans, the 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 of The Providence Journal Company, the obligation for which was retained by the Company in the sale transaction of the newspaper operations of The Providence Journal. No additional benefits are accruing under the A. H. Belo Pension Plans, as future benefits were frozen prior to the plans’ effective date.

During the three months ended March 31,2014, the Company made required contributions of $1,940 to the A. H. Belo Pension Plans. No contributions are required to the A. H. Belo Pension Plans in 2015. Management believes the assumed rate of return on the plans’ assets of 6.5 percent continues to be appropriate.

12 A. H. Belo Corporation First Quarter 2015 on Form 10-Q

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 March 31,
	2015			2014
Interest cost	$	3,540		$	4,330
Expected return on plans' assets	(5,008		)	(5,215		)
Amortization of actuarial loss	312			—
Net periodic pension expense (benefit)	$	(1,156	)	$	(885	)

Defined Contribution Plans. The A. H. Belo Savings Plan, a defined contribution 401(k) plan, covers substantially all employees of A. H. Belo. Participants may elect to contribute a portion of their pretax compensation, as provided by the plan and the Internal Revenue Code. Employees can contribute up to 100 percent of their annual eligible compensation (less required withholdings and deductions) up to statutory limits. 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 March 31, 2015 and 2014, the Company recorded expense of $258 and $253, respectively, for matching contributions to this plan.

Note 9: 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.

The table below sets forth the changes in accumulated other comprehensive loss, net of taxes.

	Three Months Ended March 31,
	2015								2014
	Total			Defined benefit pension plans			Other post-employment benefit plans		Total			Defined benefit pension plans			Other post-employment benefit plans
Balance, beginning of period	$	(57,367	)	$	(57,654	)	$	287	$	(15,093	)	$	(16,059	)	$	966
Amortization	312			312			—		(173		)	—			(173		)
Balance, end of period	$	(57,055	)	$	(57,342	)	$	287	$	(15,266	)	$	(16,059	)	$	793

A. H. Belo Corporation First Quarter 2015 on Form 10-Q 13

Note 10: Earnings Per Share

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

	Three Months Ended March 31,
	2015			2014
Earnings (numerator)
Net income attributable to A. H. Belo Corporation	$	363		$	(4,037	)
Less: Income (loss) from discontinued operations, net	(12		)	783
Less: Income to participating securities	36			58
Net income available to common shareholders from continuing operations	$	339		$	(4,878	)
Shares (denominator)
Weighted average common shares outstanding (basic)	21,770,698			21,918,000
Effect of dilutive securities	74,499			—
Adjusted weighted average shares outstanding (diluted)	21,845,197			21,918,000
Earnings per share from continuing operations
Basic and Diluted	$	0.02		$	(0.22	)

Holders of service-based RSUs participate in A. H. Belo dividends on a one-for-one share basis. Distributed and undistributed income associated with participating securities is included in the calculation of EPS under the two-class method as prescribed under ASC 260 – Earnings Per Share.

The Company considers outstanding stock options and RSUs in the calculation of its earnings per share. A total of 565,733 and 1,316,475 options and RSUs outstanding during the three months ended March 31,2015 and 2014, respectively, were excluded from the calculation because they did not affect the earnings per share for common shareholders or the effect was anti-dilutive.

Note 11: Contingencies

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.

Pro-rata dividends. In conjunction with the acquisition of DMV, the contribution agreement provides for a pro-rata dividend of 100 percent and 50 percent of DMV’s free-cash flow for fiscal years 2015 and 2016, respectively. Free-cash-flow is defined as earnings before interest, taxes, depreciation and amortization less capital expenditures, debt amortization and interest expense, as applicable.

Redeemable noncontrolling interest. In connection with the acquisition, the Company entered into a shareholder agreement which provided a put option to a noncontrolling shareholder. The put option provides the shareholder with the right to require the Company to purchase up to 25 percent of his ownership interest between the second and third anniversaries of the agreement and up to 50 percent of his ownership interest between the fourth and fifth anniversaries of the agreement.

The exercisability of the noncontrolling interest put arrangement is outside of the control of the Company. As such, the redeemable noncontrolling interest of $1,263 is reported in the mezzanine equity section in the condensed consolidated balance sheets as of March 31, 2015. In the event that the put options expire unexercised, the related portion of noncontrolling interest would be classified as a component of equity in the condensed consolidated balance sheets.

Redeemable noncontrolling interests are recorded at fair value on the acquisition date and the carrying value adjusted each period to the greater of the estimated redemption value or the value that would otherwise be assigned if the interests were not redeemable. Changes in redemption value are recorded to retained earnings or additional paid in capital, as applicable, and have no effect to earnings of the Company. No adjustments to the carrying value of redeemable noncontrolling interests have been recorded since the January 2, 2015 acquisition date of DMV.

14 A. H. Belo Corporation First Quarter 2015 on Form 10-Q

A. H. Belo Corporation First Quarter 2015 on Form 10-Q 15

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

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. 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. Amounts presented for 2014 are exclusive of results related to discontinued operations and businesses acquired in 2015. Unless otherwise noted, amounts in Management’s Discussion and Analysis reflect continuing operations of the Company, and all dollar amounts are presented in thousands, except per share amounts.

OVERVIEW

A. H. Belo, headquartered in Dallas, Texas, is a leading local news and information publishing company with commercial printing, distribution and direct mail capabilities, as well as expertise in emerging media and marketing services. 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 a broad spectrum of 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 and other business marketing solutions and provides event promotion and marketing services.

On January 2, 2015, the Company acquired an 80 percent voting interest in DMV Digital Holdings Company, Inc. (“DMV”), into which the stock of three Dallas-based companies, Distribion, Inc. (“Distribion”), Vertical Nerve, Inc. (“Vertical Nerve”) and CDFX, LLC (d/b/a “MarketingFX”), were contributed. These businesses specialize in local marketing automation, search engine marketing, direct mail and promotional products, respectively. This acquisition complements and expands the product and service offerings currently available to A. H. Belo clients, thereby strengthening the Company’s diversified product portfolio and allowing for greater penetration in a competitive advertising market.

16 A. H. Belo Corporation First Quarter 2015 on Form 10-Q

RESULTS OF CONTINUING OPERATIONS

Consolidated Results of Continuing Operations

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

	Three Months Ended March 31,
	2015		Percent of Total Revenue		Percentage Change		2014		Percent of Total Revenue
Advertising and marketing services	$	36,831	56.2	%	(2.4	)%	$	37,726	58.6	%
Display advertising	11,140				(2.7	)%	11,452
Classified advertising	5,356				(11.7	)%	6,069
Preprint advertising	10,997				(11.8	)%	12,465
Digital advertising	5,555				(7.3	)%	5,995
Marketing services	3,783				116.8	%	1,745
Circulation	21,038		32.2	%	0.1	%	21,012		32.6	%
Printing, distribution and other	7,567		11.6	%	33.8	%	5,654		8.8	%
	$	65,436	100.0	%	1.6	%	$	64,392	100.0	%

Advertising and marketing services revenue

The Company’s primary revenues are generated from advertising within its core newspapers, niche publications and related websites and from subscription and single copy sales of its printed newspapers. As a result of competitive and economic conditions, the Company and the newspaper industry have faced a significant decline in core advertising revenue over the past decade. The Company has sought to diversify its revenues through development and investment in new product offerings, increased circulation rates and leveraging of its existing assets to offer cost efficient printing and distribution services to its local markets. Through these efforts, the Company has achieved year-over-year revenue growth of 1.6 percent as expansion of marketing services operations, resulting from the acquisition of businesses in January 2015, and additional commercial printing and distribution operations, which commenced at the end of the first quarter of 2014, offset declines in core advertising revenues.

Advertising revenue from core newspapers continues to be adversely affected by the shift of advertiser spending to other forms of media. Decreases in print display and classified categories are indicative of continuing trends by advertisers towards digital advertising, which is widely available from many sources. Companies are redistributing more of their advertising budgets towards programmatic channels to acquire digital advertising on multiple platforms which provides for targeted delivery and measurement. The Company has responded to these challenges by expanding its use of programmatic channels to meet customer demands for digital ad placement opportunities in display, mobile, video and social categories.

Expanded digital and marketing services product offerings have allowed the Company to leverage the Company’s existing resources and relationships to offer additional value to present and new advertising clients. Solutions provided by 508 Digital include development of mobile websites, search engine marketing and optimization, video, mobile advertising, email marketing, advertising analytics and online reputation management services. Through Speakeasy, the Company is able to target middle-market business customers and provide turnkey social media account management and content development services. The businesses comprising the DMV acquisition specialize in marketing automation, search engine marketing, direct mail and promotional products, respectively. This acquisition complements and expands the product and service offerings currently available to A. H. Belo clients, thereby strengthening the Company’s diversified product portfolio and allowing for greater penetration in a competitive advertising market.

The following summarizes year-over-year performance in advertising and marketing service revenue for the first quarter of 2015 by category.

Display advertising – As advertisers continue to diversify marketing budgets to incorporate more and varied avenues of reaching consumers, traditional display advertising continues to decline. Revenue decreased due to declines in electronics, department stores and furniture, partially offset by increases in medical and other. While most categories, except medical, experienced unfavorable rate variances from the prior year period, volumes were improved overall and in most categories, except electronics and department stores. Additionally, general advertising declined in substantially all categories as a result of volume and rate declines.

A. H. Belo Corporation First Quarter 2015 on Form 10-Q 17

Classified advertising – Classified advertising remains challenged as alternative digital outlets continue to emerge. Overall classified revenue decreased due to lower volumes in all categories except legal. This decline was partially offset by higher rates in the employment category.

Preprint advertising – Revenue decreased due to a decline in the volume of preprint newspaper inserts, consistent with the decline in circulation volumes and due to lower volumes in home delivery mail advertising.

Digital advertising – Digital revenue is primarily comprised of online display and classified advertising which consists of advertising placed on the Company’s websites or through programmatic advertising channels. Online classified is comprised of digital listings in auto, real estate, employment and other categories, including the Company’s resale of affiliate products such as cars.com. Online classified and display advertising declined by 9.9 percent and 2.1 percent to $3,620 and $1,933, respectively. In the fourth quarter of 2014, the Company divested of its membership interest in Classified Ventures, the owner ofcars.com, and entered into a modified affiliate agreement allowing The Dallas Morning News to resell cars.com products and services exclusively in its local market. The modified agreement increases the wholesale rate that the Company pays to Classified Ventures for selling cars.com products. Declines in online classified advertising are driven by a decrease of $305 related to cars.com.

Marketing services – The Company began generating marketing services revenue in 2013 with 508 Digital and Speakeasy. The acquisition of DMV in January 2015 added three more marketing services companies. Marketing services revenue more than doubled as a result of growth at Speakeasy of approximately 43 percent and $1,858 of incremental revenue from the acquired entities.

Circulation revenue

Circulation revenue remained flat. Home delivery and single copy paid print circulation volumes declined 7.9 percent and 19.1 percent, respectively. These declines were offset by an effective rate increase of 7.5 percent and 24.2 percent in home delivery and single copy rates, respectively.

Printing, distribution and other revenue

The Company’s newspapers aggressively market the capacity of their printing and distribution assets to other newspapers that would benefit from cost sharing arrangements. Revenue increased primarily due to the commencement of commercial printing services in March 2014 for various regional and community newspapers. This category also incorporates expanded event marketing revenues for events sponsored by Crowdsource and Untapped as the Company continues to leverage resources and relationships to further expand its advertising influence.

18 A. H. Belo Corporation First Quarter 2015 on Form 10-Q

Operating Costs and Expenses

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

	Three Months Ended March 31,
	2015		Percentage Change		2014
Operating Costs and Expense
Employee compensation and benefits	$	27,503	(2.3	)%	$	28,164
Other production, distribution and operating costs	31,460		10.6	%	28,444
Newsprint, ink and other supplies	8,166		2.2	%	7,988
Depreciation	3,040		(10.9	)%	3,410
Amortization	373		n/m		30
Total operating costs and expense	$	70,542	3.7	%	$	68,036

Employee compensation and benefits – The Company continues to implement measures to optimize its workforce and reduce risk associated with future obligations towards legacy employee benefit plans. Employee compensation and benefits decreased by $661. Savings included lower incentive compensation of $1,562 due to fewer annual equity awards and a reduced market price of the Company’s stock, partially offset by higher salaries of $782 primarily due to expanded marketing services resulting from the acquisition of DMV and its approximately 45 employees.

Other production, distribution and operating costs – Expenses increased as a result of the Company’s continuing initiatives to develop new products and service offerings. The increases were primarily due to higher legal and consulting fees of $725 associated with the January acquisition of three marketing service companies; higher temporary labor costs and delivery expenses of $824 associated with commercial printing operations; and higher expenses of approximately $383 related to the Company’s marketing services and event marketing operations as those segments continue to grow.

Newsprint, ink and other supplies – Expenses increased due to higher costs for purchased supplements and inserts, offset by reduced newsprint rates and lower consumption, consistent with lower circulation volumes of Company and certain third-party newspapers. Newsprint consumption approximated 7,754 and 8,120 metric tons in three months ended March 31, 2015 and 2014, respectively, at an average cost per metric ton of $582 and $601, respectively. The average purchase price for newsprint was $570 and $619 per metric ton in 2015 and 2014, respectively.

Depreciation – Expenses decreased due to a lower depreciable asset base as a higher level of in-service assets are fully depreciated.

Amortization –Expense increased due to amortization of customer relationships and other intangible assets acquired in 2015, 2014 and 2013 which are amortized over their useful lives of three to fifteen years.

A. H. Belo Corporation First Quarter 2015 on Form 10-Q 19

Other

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

	Three Months Ended March 31,
	2015			Percentage Change		2014
Other Income (Expense), Net
Losses on equity method investments, net	$	(414	)	1.5	%	$	(408	)
Other income, net	109			6.8	%	117
Total other income (expense), net	$	(305	)	4.8	%	$	(291	)
Income tax provision (benefit)	$	(5,730	)	n/m		$	891

Other income (Expense) – Other income (expense) is primarily comprised of losses from equity method investments. Losses in 2014 included an other-than-temporary impairment of $934 related to the 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 impairment primarily to a decline in business related to Wanderful Media’s legacy products. The 2014 impairment was offset by income on the Company’s investment in Classified Ventures. The Company sold its membership interest in Classified Ventures in the fourth quarter of 2014.

Tax provision – Income tax decreased due to lower required valuation allowances resulting from the Company’s ability to use acquisition-date deferred tax liabilities. See the Condensed Consolidated Financial Statements, Note 7 – Income Taxes.

20 A. H. Belo Corporation First Quarter 2015 on Form 10-Q

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 acquisition costs, non-cash impairment expense and net investment-related gains and losses. Acquisition costs in 2015 related to the Company’s January purchase of three marketing services businesses. Net investment-related gains in 2015 is comprised of a post-close payment related to the Company’s sale of its membership interest in Classified Ventures of $81. Net investment-related losses in 2014 consist of an other-than-temporary impairment of the Company’s investment in Wanderful Media of $934.

	Three Months Ended March 31,
	2015			2014
Net Income (Loss) Attributable to A. H. Belo Corporation	$	363		$	(4,037	)
Less: Income (Loss) from discontinued operations, net	(12		)	783
Plus: Net loss attributable to noncontrolling interests	(56		)	(6		)
Income (Loss) from continuing operations	319			(4,826		)
Depreciation and amortization	3,413			3,440
Income tax provision (benefit)	(5,730		)	891
EBITDA from Continuing Operations	(1,998		)	(495		)
Addback:
Acquisition costs	725			—
Net investment-related (gains) losses	(81		)	934
Adjusted EBITDA from Continuing Operations	$	(1,354	)	$	439

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.

A. H. Belo Corporation First Quarter 2015 on Form 10-Q 21

Discontinued Operations

As a result of the sale of The Providence Journal, which was completed on September 3, 2014, and the sale of The Press-Enterprise, which was completed on November 21, 2013 (see Note 3 – Discontinued Operations), the disposition and results of operations associated with these businesses are reported as discontinued operations in the Company’s financial statements. For the three months ended March 31, 2015 and 2014, gain (loss) related to the discontinued operations was $(12) and $783, respectively, which was primarily generated by The Providence Journal.

Upon completion of these transactions, the Company no longer owns newspaper operations in either Providence, Rhode Island or Riverside, California. The Company continues to own 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.

22 A. H. Belo Corporation First Quarter 2015 on Form 10-Q

Liquidity and Capital Resources

The Company’s cash balance as of March 31, 2015 and December 31, 2014, was $81,442 and $158,171, respectively. Working capital as of March 31, 2015 and December 31, 2014, was $85,456 and $105,049, respectively. The decrease in cash is primarily a result of distributions to shareholders of a portion of the cash proceeds generated in 2014 for the sale of the Company’s interest in Classified Ventures and the sale of The Providence Journal, which collectively generated cash proceeds of approximately $146,000. Other significant uses of cash include acquisition of new businesses and payment of taxes related to the gains on the 2014 divestiture transactions.

In 2015, the Company returned $53,038 to shareholders through quarterly and special dividends and through its stock repurchase program, as discussed below in Financing Cash Flows. Payment of dividends and share repurchases are dependent upon available cash after considering future operating and investing requirements and cannot be guaranteed.

In January 2015, the Company acquired three companies for $14,111 through a newly-formed holding company in which the Company has an 80 percent voting interest as described in Note 2 – Acquisitions. The Company paid cash for the acquisition, and transaction costs were $1,287, of which $725 were incurred in 2015. This acquisition is part of the Company’s revenue diversification strategy, and the Company continues to seek future acquisitions which will complement and leverage the Company’s existing products.

Cash used in operating activities in 2015 totaled $8,981, which included $8,918 of tax payments related to the gains on the divestiture of assets in 2014. Cash flows from operations are expected to grow throughout the year as benefits from cost cutting measures are realized and as revenues are expected to increase in subsequent quarters, consistent with historical trends. The Company is not required to make any pension contributions in 2015 and discretionary spending will be managed according to operating results.

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 works aggressively to align the current expense structure with changes in revenue and believes existing cash and cash generated from operations will be sufficient 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 2015 and 2014 was $8,475 and $515, respectively. Cash flows from continuing operations decreased in 2015 primarily due to tax payments of $8,918 related to gains on dispositions of assets in 2014. Cash flows provided by discontinued operations for 2015 and 2014, were $93 and $3,481, respectively, and primarily represented the results of operations from The Providence Journal.

Investing Cash Flows

Net cash used for continuing investing activities was $15,700 and $1,008 in 2015 and 2014, respectively. Cash flows used for continuing investing activities in 2015 included payments of $14,111 and $500 related to acquisitions and investments during the period, respectively. Cash flows used for continuing investing activities also include $1,170 and $1,008 of capital spending in 2015 and 2014, respectively. Cash flows used for investing activities of discontinued operations in 2014 were $199 and represented capital spending associated with The Providence Journal.

Financing Cash Flows

Net cash used for continuing financing activities was $52,461 and $1,412 in 2015 and 2014, respectively. Cash used for continuing financing activities includes total dividends paid of $51,923 and $1,805 in 2015 and 2014, respectively. Dividends paid in 2015 included a special dividend of $2.25 per share declared and recorded in 2014, returning $50,148 to shareholders and holders of RSUs. In 2015 and 2014, the Company purchased 120,848 and 75,228 shares of its Series A common stock at a cost of $1,115 and $675, respectively, under its share repurchase program.

Financing Arrangements

None.

Contractual Obligations

No contributions to the A. H. Belo Pension Plans are required in 2015.

A. H. Belo Corporation First Quarter 2015 on Form 10-Q 23

On March 5, 2015, the Company announced a $0.08 per share dividend to shareholders of record and holders of RSUs as of the close of business on May 15, 2015, which will be paid on June 5, 2015.

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, 2014, filed on March 6, 2015, 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, 2014.

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 attracting and retaining key personnel; 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 elsewhere in this Annual Report on Form 10-K and in the Company’s other public disclosures and filings with the SEC.

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, 2014.

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.

24 A. H. Belo Corporation First Quarter 2015 on Form 10-Q

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, 2014.

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 first quarter of 2015, the Company repurchased 120,848 Series A shares at a cost of $1,115. All purchases were made through open market transactions and were recorded as treasury stock.

The following table contains information for shares repurchased during the first quarter of 2015. None of the shares in this table were repurchased directly from any of our 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
January 2015	39,545	$	10.15	984,181	515,819
February 2015	37,850	9.11		1,022,031	477,969
March 2015	43,453	8.48		1,065,484	434,516	(a)

(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.

A. H. Belo Corporation First Quarter 2015 on Form 10-Q 25

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 December 11, 2014 (Exhibit 3.1 to A. H. Belo Corporation’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 12, 2014 (Securities and Exchange Commission File No. 001-33741))
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)	*	Form of Limited Guaranty by and between A. H. Belo Corporation and Freedom Communications Holdings, Inc (Exhibit 10.2 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))
		~(2)	*	Asset Purchase Agreement among The Providence Journal Company and LMG Rhode Island Holdings, Inc. dated as of July 22, 2014 (Exhibit 10.1 to A. H. Belo Corporation’s Current Report on Form 8-K filed with the Securities and Exchange Commission on July 25, 2014 (Securities and Exchange Commission File No. 001-33741) (the “July 25, 2014 Form 8-K”))
		~(3)	*	Form of Limited Guaranty by and between A. H. Belo Corporation and LMG Rhode Island Holdings, Inc (Exhibit 10.2 to the July 25, 2014 Form 8-K)
		~(4)	*	Unit Purchase Agreement dated August 5, 2014 by and among Gannett Company, Inc., Classified Ventures, LLC, and Unitholders 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))

27 A. H. Belo Corporation First Quarter 2015 on Form 10-Q

Exhibit Number		Description
10.2	*	Compensatory plans and arrangements:
		~(1)	*	A. H. Belo Savings Plan as Amended and Restated Effective January 1, 2015 (Exhibit 10.2 (1) to the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 6, 2015 (Securities and Exchange Commission File No. 001-33741))
		~(2)	*	A. H. Belo Corporation 2008 Incentive Compensation Plan (Exhibit 10.5 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 12, 2008 (Securities and Exchange Commission File No. 001-33741) (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)
		~(6)	*	Daniel J. Blizzard Letter Agreement dated December 11, 2014 (Exhibit 10.1 to the December 11, 2014 Form 8-K)
10.3		Agreements relating to the separation of A. H. Belo from its former parent company:
		(1)	*	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)
		(2)	*	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))
		(3)	*	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))

A. H. Belo Corporation First Quarter 2015 on Form 10-Q 28

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

29 A. H. Belo Corporation First Quarter 2015 on Form 10-Q

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/	Katy Murray
		Katy Murray
		Senior Vice President/Chief Financial Officer
		(Principal Financial Officer)
Dated:	April 29, 2015
By:	/s/	Michael N. Lavey
		Michael N. Lavey
		Vice President/Controller
		(Principal Accounting Officer)
Dated:	April 29, 2015

A. H. Belo Corporation First Quarter 2015 on Form 10-Q 30

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.

31 A. H. Belo Corporation First Quarter 2015 on Form 10-Q

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:	April 29, 2015

EX-31.2

Exhibit 31.2

SECTION 302 CERTIFICATION

I, Katy Murray, 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/ Katy Murray
		Katy Murray
		Senior Vice President/Chief Financial Officer
Date:	April 29, 2015

EX-32

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 March 31, 2015, 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 Katy Murray, 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:	April 29, 2015

By:	/s/ Katy Murray
		Katy Murray
		Senior Vice President/Chief Financial Officer
Date:	April 29, 2015

XML

Pension and Other Retirement Plans (Schedule of net periodic pension benefit (Details) (Pension Plan, USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Pension Plan
Defined Benefit Plan Disclosure
Interest cost	$ 3,540	$ 4,330
Expected return on plans' assets	(5,008)	(5,215)
Amortization of actuarial loss	312	0
Net periodic pension expense (benefit)	$ (1,156)	$ (885)

XML

Investments (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Investments
Losses on equity method investments, net	$ (414)	$ (408)
Other than temporary impairment losses, investments	0	934
Purchase of investments	500	0
Untapped
Investments
Consolidated method - A. H. Belo ownership	51.00%
Speakeasy
Investments
Consolidated method - A. H. Belo ownership	70.00%
Wanderful
Investments
Equity method - A. H. Belo ownership	13.00%
Other than temporary impairment losses, investments		934
Purchase of investments		1,909
Classified Ventures
Investments
Equity method - A. H. Belo ownership	0.00%	3.30%
Equity method investment, proceeds received	81
Equity method investment, gain on disposal	81
Escrow proceeds receivable	$ 3,280
DMV
Investments
Consolidated method - A. H. Belo ownership	80.00%

XML

Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

Changes in accumulated other comprehensive loss

The table below sets forth the changes in accumulated other comprehensive loss, net of taxes.

	Three Months Ended March 31,
	2015								2014
	Total			Defined benefit pension plans			Other post-employment benefit plans		Total			Defined benefit pension plans			Other post-employment benefit plans
Balance, beginning of period	$	(57,367	)	$	(57,654	)	$	287	$	(15,093	)	$	(16,059	)	$	966
Amortization	312			312			—		(173		)	—			(173		)
Balance, end of period	$	(57,055	)	$	(57,342	)	$	287	$	(15,266	)	$	(16,059	)	$	793

XML

Earnings Per Share (Schedule of earnings per share reconciliation) (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Earnings Per Share [Abstract]
Net Income (Loss) Attributable to A. H. Belo Corporation	$ 363	$ (4,037)
Less: Income (loss) from discontinued operations, net	(12)	783
Less: Income to participating securities	36	(58)
Net income available to common shareholders from continuing operations	$ 339	$ (4,878)
Weighted Average Number of Shares Outstanding
Weighted average common shares outstanding (basic)	21,770,698	21,918,000
Effect of dilutive securities	74,499	0
Adjusted weighted average shares outstanding (diluted)	21,845,197	21,918,000
Earnings per share from continuing operations
Income (Loss) from Continuing Operations, Per Basic and Diluted Share	$ 0.02	$ (0.22)

XML

Long-term Incentive Plans (Schedule of compensation expense related to stock awards) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	$ 303	$ 1,670
RSUs Redeemable in Stock, Expense
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	371	487
RSUs Redeemable in Cash, Expense
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	$ (68)	$ 1,183

XML

Acquisitions

3 Months Ended

Mar. 31, 2015

Business Combinations [Abstract]

Business Combination Disclosure

On January 2, 2015, the Company acquired an 80 percent voting interest in DMV Digital Holdings Company, Inc. (“DMV”) which holds all outstanding ownership interests of three Dallas-based businesses, Distribion, Inc., Vertical Nerve, Inc. and CDFX, LLC (d/b/a MarketingFX). These businesses specialize in marketing automation, search engine marketing, direct mail and promotional products, respectively. This acquisition complements and expands the product and service offerings currently available to A. H. Belo clients, thereby strengthening the Company’s diversified product portfolio and allowing for greater penetration in a competitive advertising market.

The Company’s interest in DMV was acquired for a cash purchase price of $14,111, net of $152 cash acquired. Transaction costs related to the purchase were a component of Other production, distribution and operating costs and totaled $1,287, of which $725 were incurred in 2015. The estimated fair value of the acquired businesses totals $17,478, of which $3,495 is attributable to noncontrolling interests. Approximately $693 of goodwill acquired is expected to be deductible for tax purposes. As further discussed in Note 11 – Contingencies, the contribution agreement included provisions for two pro-rata dividends and an embedded put arrangement with certain noncontrolling shareholders of DMV. The Company is in the process of finalizing the business valuation and its allocation to underlying assets and liabilities. The preliminary allocation of the purchase price, which is subject to adjustment upon finalization, is summarized as follows:

	Estimated Fair Value
Working capital, net of acquired cash	$	(79	)
Property, plant and equipment	57
Other intangible assets	11,990
Goodwill	9,503
Deferred income tax liabilities	(3,993		)
	$	17,478

Operating results of the businesses acquired have been included in the Condensed Consolidated Statements of Operations from the acquisition date forward. Revenue from marketing services is recognized at the time services are delivered. For arrangements that include multiple deliverables, revenue and upfront fees are allocated to each unit of accounting based on their relative selling prices. For the three months ended March 31, 2015, operating results include $1,858 of net operating revenue and a pretax loss of $132 before adjusting for noncontrolling interests. Pro forma results of the Company, assuming all of the acquisition had occurred at the beginning of each period presented, would not be materially different from the results reported.

XML

Earnings Per Share (Narrative) (Details)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	565,733	1,316,475

XML

Discontinued Operations (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Significant Acquisitions and Disposals
Loss related to the divestiture of discontinued operations	$ 12	$ 178
Assets of discontinued operations	253		565
Liabilities of discontinued operations	150		543
Providence Journal
Significant Acquisitions and Disposals
Disposal date	Sep. 03, 2014
Loss related to the divestiture of discontinued operations	(12)
Revenue		21,194
Costs and expense		20,217
Press Enterprise
Significant Acquisitions and Disposals
Disposal date	Nov. 21, 2013
Loss related to the divestiture of discontinued operations		$ (178)

XML

Business Acquisitions (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015
Business Acquisition [Line Items]
Business Acquisition, Cumulative Transaction Costs	$ 1,287
Business Combination, Transaction Costs	725
DMV
Business Acquisition [Line Items]
Business Acquisition, Effective Date of Acquisition	Jan. 02, 2015
Business Acquisition, Percentage of Voting Interests Acquired	80.00%
Business Acquisition, Name of Acquired Entity	DMV Digital Holdings Company, Inc.
Business Acquisition, Consideration Transferred	14,111
Business Acquisition, Cash Acquired	152
Business Acquisition, Assets Acquired and Liabilities Assumed, Net	17,478
Business Acquisition, Noncontrolling Interest, Fair Value	3,495
Business Acquisition, Goodwill, Expected Tax Deductible Amount	693
Business Acquisition, Current Revenues of Acquiree	1,858
Business Acquisition, Current Net Loss before Income Taxes	$ (132)

XML

Investment Dividends (Details)	Mar. 31, 2015
Fiscal year 2015
Pro-rata Dividends [Line Items]
Pro-rata dividend, percentage of free-cash-flow	100.00%
Fiscal year 2016
Pro-rata Dividends [Line Items]
Pro-rata dividend, percentage of free-cash-flow	50.00%

XML

Goodwill and Other Intangibles (Schedule of identifiable intangible assets) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets
Finite-Lived Customer Relationships, Gross	$ 975	$ 975
Other Finite-Lived Intangible Assets, Gross	11,990	0
Finite-lived intangible assets, gross	12,965	975
Accumulated amortization	(692)	(319)
Finite-lived intangible assets, net	$ 12,273	$ 656

XML

Goodwill and Other Intangibles (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Goodwill [Line Items]
Carrying value of goodwill	$ 34,085		$ 24,582
Finite-Lived Intangible Assets
Other Finite-Lived Intangible Assets, Gross	11,990		0
Amortization	373	30
Acquisitions, current year
Goodwill [Line Items]
Carrying value of goodwill	9,503
Acquisitions, prior years
Goodwill [Line Items]
Carrying value of goodwill	24,582		24,582
Acquisitions, current year
Finite-Lived Intangible Assets
Other Finite-Lived Intangible Assets, Gross	11,990
Amortization	283
Acquisitions, prior years
Finite-Lived Intangible Assets
Customer relationships, useful life	3 years
Amortization	$ 90	$ 30

XML

Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2015

Accounting Policies [Abstract]

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 expertise in emerging media and marketing services. 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 a broad spectrum of 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 and other business marketing solutions as well as event marketing.

Basis of Presentation.    These consolidated financial statements include the accounts of A. H. Belo and its subsidiaries. The Company follows the guidance set by the Financial Accounting Standards Board (“FASB”) or other authoritative accounting standards-setting bodies. Under Accounting Standards Codification (“ASC”) 810 – Consolidation, the Company determines whether subsidiaries, joint ventures, partnerships and other arrangements should be consolidated. Transactions between the consolidated companies are eliminated and noncontrolling interests in less than wholly-owned subsidiaries are reflected in the consolidated 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. All dollar amounts are presented in thousands, except per share amounts, unless the context requires otherwise.

Presentation of current and prior period amounts in the consolidated financial statements and notes thereto reflect continuing operations of the Company, unless otherwise noted. Amounts presented for 2014 are exclusive of results related to discontinued operations as well as prior year results of businesses subsequently acquired in 2015.

New Accounting Pronouncements. The FASB issued Accounting Standards Update (“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 or 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 adoption of this standard did not have a material impact on the accounting for the Company’s discontinued operations.

The FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). This guidance generally clarified 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 currently evaluating the impact this update will have on its recognition and presentation of revenues within the consolidated statements of operations.

The FASB issued ASU 2014-15, Presentation of Financial Statements - Going Concern (Subtopic 205-40). This standard provides guidance around management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related disclosures. The new standard is effective for fiscal years and interim periods beginning after December 15, 2016. Early adoption is permitted. The Company does not anticipate the adoption of this standard to have a material impact on the presentation of the consolidated financial statements or disclosures.

The FASB issued ASU 2015-02, Consolidation (Topic 810). This update modifies requirements for consolidating certain legal entities. The standard removes the previous presumption that a general partner controls a limited partnership, revises when fees paid to a decision maker or service provider are a variable interest, and places additional emphasis on risk of loss in determining a controlling financial interest. The standard is effective for fiscal years and interim periods beginning after December 15, 2015, with early adoption permitted. The Company is currently evaluating the impact this update will have on its consolidation of legal entities within the consolidated financial statements.

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Investments (Schedule of investments) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Investments
Equity method investments	$ 1,145	$ 1,640
Cost method investments	1,432	932
Total investments	$ 2,577	$ 2,572

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Pension and Other Retirement Plans (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Defined Contribution Plans
Maximum pretax contribution per employee	100.00%
Defined Contribution Plan, Employer Matching Contribution, Percent	1.50%
Expense recognized	$ 258	$ 253
Pension Plan
Defined Benefit Plan Disclosure
Expected long-term return on plan ssets	6.50%
Employer contributions	0	1,940
Defined Benefit Plan, Estimated Future Employer Contributions
Estimated future employer contributions in 2015	$ 0

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Condensed Consolidated Statements of Operations (unaudited) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Net Operating Revenue
Advertising and marketing services	$ 36,831	$ 37,726
Circulation	21,038	21,012
Printing, distribution and other	7,567	5,654
Total net operating revenues	65,436	64,392
Operating Costs and Expense
Employee compensation and benefits	27,503	28,164
Other production, distribution and operating costs	31,460	28,444
Newsprint, ink and other supplies	8,166	7,988
Depreciation	3,040	3,410
Amortization	373	30
Total operating costs and expense	70,542	68,036
Operating loss	(5,106)	(3,644)
Other Income (Expense), Net
Losses on equity method investments, net	(414)	(408)
Other income, net	109	117
Total other income (expense), net	(305)	(291)
Loss from Continuing Operations Before Income Taxes	(5,411)	(3,935)
Income tax provision (benefit)	(5,730)	891
Income (Loss) from Continuing Operations	319	(4,826)
Income from discontinued operations	0	977
Loss related to the divestiture of discontinued operations	(12)	(178)
Tax expense from discontinued operations	0	16
Income (Loss) from Discontinued Operations, Net	(12)	783
Net Income (Loss)	307	(4,043)
Net loss attributable to noncontrolling interests	(56)	(6)
Net Income (Loss) Attributable to A. H. Belo Corporation	$ 363	$ (4,037)
Per Share Basis, Basic and Diluted
Income (Loss) from Continuing Operations, Per Basic and Diluted Share	$ 0.02	$ (0.22)
Income (Loss) from Discontinued Operations, Per Basic and Diluted Share	$ 0.00	$ 0.03
Earnings Per Share, Basic and Diluted	$ 0.02	$ (0.19)
Weighted average shares outstanding
Basic	21,770,698	21,918,000
Diluted	21,845,197	21,918,000

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Redeemable Noncontrolling Interests (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Noncontrolling Interest [Line Items]
Noncontrolling interests - redeemable	$ 1,263	$ 0
Noncontrolling Interest, Change in Redemption Value	$ 0
Maximum | Redeemable between 2nd and 3rd anniversaries
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	25.00%
Maximum | Redeemable between 4th and 5th anniversaries
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	50.00%

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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, 2013	$ 168,776	$ 223			$ 496,682	$ (3,113)		$ (15,093)	$ (310,099)	$ 176
Beginning Balance, Treasury Stock at Dec. 31, 2013							(495,200)
Beginning Balance, Shares Common Stock at Dec. 31, 2013			19,931,599	2,397,155
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)	(4,043)								(4,037)	(6)
Other comprehensive income	(173)							(173)
Treasury stock purchases, shares							(75,228)
Treasury stock purchases	(675)					(675)
Issuance of shares for restricted stock units, shares			157,659
Issuance of shares for restricted stock units	0	2			(2)
Issuance of shares from stock option exercises, shares			135,412	0
Issuance of shares for stock option exercises	598	1			597
Income tax benefit on options and RSUs	470				470
Share-based compensation	527				527
Conversion of Series B to Series A, shares			4,725	(4,725)
Conversion of Series B to Series A	0
Dividends	(1,805)								(1,805)
Ending Balance at Mar. 31, 2014	163,675	226			498,274	(3,788)		(15,266)	(315,941)	170
Ending Balance, Shares Treasury Stock at Mar. 31, 2014							(570,428)
Ending Balance, Shares Common Stock at Mar. 31, 2014			20,229,395	2,392,430
Beginning Balance at Dec. 31, 2014	126,019	227			499,320	(8,087)		(57,367)	(308,330)	256
Beginning Balance, Treasury Stock at Dec. 31, 2014							(944,636)
Beginning Balance, Shares Common Stock at Dec. 31, 2014			20,341,501	2,388,237
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)	307								363	(56)
Other comprehensive income	312							312
Noncontrolling Interest, Increase from Subsidiary Equity Issuance	2,104									2,104
Treasury stock purchases, shares							(120,848)
Treasury stock purchases	(1,115)					(1,115)
Issuance of shares for restricted stock units, shares			100,399
Issuance of shares for restricted stock units	0	1			(1)
Issuance of shares from stock option exercises, shares	18,000		18,000	0
Issuance of shares for stock option exercises	71	0			71
Income tax benefit on options and RSUs	506				506
Share-based compensation	371				371
Dividends	(1,775)								(1,775)
Ending Balance at Mar. 31, 2015	$ 126,800	$ 228			$ 500,267	$ (9,202)		$ (57,055)	$ (309,742)	$ 2,304
Ending Balance, Shares Treasury Stock at Mar. 31, 2015							(1,065,484)
Ending Balance, Shares Common Stock at Mar. 31, 2015			20,459,900	2,388,237

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Long-term Incentive Plans (Schedule of RSU activity) (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015
RSU non-vested rollforward
Beginning Balance - Total RSUs	501,158
Granted	71,102
Vested	(167,341)
Canceled	(48,239)
Ending Balance - Total RSUs	356,680
Vested RSUs redeemed for stock, cash, and related payments
Issuance of Common Stock	100,399
RSUs Redeemed in Cash	66,942
Cash Payments at Closing Price of Stock	$ 596
Weighted-Average Price on Date of Grant
Beginning balance - Weighted average price	$ 6.81
Granted	$ 8.79
Vested	$ 6.63
Canceled	$ 7.47
Ending balance - Weighted average price	$ 7.20

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Investments (Tables)

3 Months Ended

Mar. 31, 2015

Investments [Abstract]

Company's investments

The table below sets forth the Company’s investments.

	March 31,		December 31,
	2015		2014
Equity method investments	$	1,145	$	1,640
Cost method investments	1,432		932
Total investments	$	2,577	$	2,572

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Long-term Incentive Plans (Narrative) (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Feb. 08, 2008
Share-based compensation expense
Number of Shares Authorized			8,000,000
Options, Exercises in Period, Intrinsic Value	$ 100	$ 813
Options, Outstanding, Intrinsic Value	729
Options, Weighted Average Remaining Contractual Term	2 years 2 months 0 days
Employee Stock Option
Share-based compensation expense
RSUs, Award Vesting Period	3 years
RSUs
Share-based compensation expense
RSUs Redeemed in Cash, Liability	$ 1,074
RSUs, Percentage of Redemption in Common Stock	60.00%
RSUs, Percentage of Redemption in Cash	40.00%

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Pension and Other Retirement Plans (Tables)

3 Months Ended

Mar. 31, 2015

Compensation and Retirement Disclosure [Abstract]

Net periodic pension expense

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

	Three Months Ended March 31,
	2015			2014
Interest cost	$	3,540		$	4,330
Expected return on plans' assets	(5,008		)	(5,215		)
Amortization of actuarial loss	312			—
Net periodic pension expense (benefit)	$	(1,156	)	$	(885	)

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Condensed Consolidated Statements of Cash Flows (unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Operating Activities
Net Income (Loss)	$ 307	$ (4,043)
Adjustments to reconcile net income to net cash (used for) provided by operations:
Net (income) loss from discontinued operations	12	(783)
Depreciation and amortization	3,413	3,440
Cash contributions to employee benefit plans in excess of net periodic expense	(1,142)	(3,009)
Equity method investment losses	495	408
Share-based compensation	371	487
Deferred income taxes	(3,932)	542
Gain on investment related activity, net	(81)	0
Gain on disposal of fixed assets	(39)	0
Increase (Decrease) in other operating assets and liabilities, net	(7,879)	2,443
Net cash used for continuing operations	(8,475)	(515)
Net cash (used for) provided by discontinued operations	(93)	3,481
Net cash (used for) provided by operating activities	(8,568)	2,966
Investing Activities
Payments to acquire businesses, net of cash acquired	14,111	0
Payments to acquire property, plant and equipment	(1,170)	(1,008)
Purchase of investments	(500)	0
Other investment related proceeds	81	0
Net cash used for continuing investing activities	(15,700)	(1,008)
Net cash used for discontinued investing activities	0	(199)
Net cash used for investing activities	(15,700)	(1,207)
Financing Activities
Dividends paid	(51,923)	(1,805)
Purchase of treasury stock	(1,115)	(675)
Proceeds from exercise of stock options	71	598
Income tax benefit on options and RSUs	506	470
Net cash provided by (used in) financing activities	(52,461)	(1,412)
Net increase (decrease) in cash and cash equivalents	(76,729)	347
Cash and cash equivalents, beginning of period	158,171	82,193
Cash and cash equivalents, end of period	81,442	82,540
Supplemental Cash Flow Information
Income taxes paid, net	8,918	0
Noncash contributions by noncontrolling interests	3,367	0
Other than temporary impairment losses, investments	$ 0	$ 934

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Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Net Income (Loss)	$ 307	$ (4,043)
Other comprehensive income (loss), net of tax
Amortization of net actuarial losses	(312)	173
Total other comprehensive (loss) income	312	(173)
Comprehensive Income (Loss)	619	(4,216)
Comprehensive loss attributable to noncontrolling interests	(56)	(6)
Total Comprehensive Income (Loss) Attributable to A. H. Belo Corporation	$ 675	$ (4,210)

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Earnings Per Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Earnings per Share

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

	Three Months Ended March 31,
	2015			2014
Earnings (numerator)
Net income attributable to A. H. Belo Corporation	$	363		$	(4,037	)
Less: Income (loss) from discontinued operations, net	(12		)	783
Less: Income to participating securities	36			58
Net income available to common shareholders from continuing operations	$	339		$	(4,878	)
Shares (denominator)
Weighted average common shares outstanding (basic)	21,770,698			21,918,000
Effect of dilutive securities	74,499			—
Adjusted weighted average shares outstanding (diluted)	21,845,197			21,918,000
Earnings per share from continuing operations
Basic and Diluted	$	0.02		$	(0.22	)

Holders of service-based RSUs participate in A. H. Belo dividends on a one-for-one share basis. Distributed and undistributed income associated with participating securities is included in the calculation of EPS under the two-class method as prescribed under ASC 260 – Earnings Per Share.

The Company considers outstanding stock options and RSUs in the calculation of its earnings per share. A total of 565,733 and 1,316,475 options and RSUs outstanding during the three months ended March 31,2015 and 2014, respectively, were excluded from the calculation because 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	3 Months Ended
	Mar. 31, 2015	Apr. 24, 2015
Entity Registrant Name	A. H. Belo Corp
Entity Central Index Key	0001413898
Document Type	10-Q
Document Period End Date	Mar. 31, 2015
Amendment Flag	false
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Series A: Common stock
Entity Common Stock, Shares Outstanding		19,361,052
Series B: Common stock
Entity Common Stock, Shares Outstanding		2,388,109

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Commitments and Contingencies

3 Months Ended

Mar. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

Commitments Disclosure

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.

Pro-rata dividends. In conjunction with the acquisition of DMV, the contribution agreement provides for a pro-rata dividend of 100 percent and 50 percent of DMV’s free-cash flow for fiscal years 2015 and 2016, respectively. Free-cash-flow is defined as earnings before interest, taxes, depreciation and amortization less capital expenditures, debt amortization and interest expense, as applicable.

Redeemable noncontrolling interest. In connection with the acquisition, the Company entered into a shareholder agreement which provided a put option to a noncontrolling shareholder. The put option provides the shareholder with the right to require the Company to purchase up to 25 percent of his ownership interest between the second and third anniversaries of the agreement and up to 50 percent of his ownership interest between the fourth and fifth anniversaries of the agreement.

The exercisability of the noncontrolling interest put arrangement is outside of the control of the Company. As such, the redeemable noncontrolling interest of $1,263 is reported in the mezzanine equity section in the condensed consolidated balance sheets as of March 31, 2015. In the event that the put options expire unexercised, the related portion of noncontrolling interest would be classified as a component of equity in the condensed consolidated balance sheets.

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Condensed Consolidated Balance Sheets (unaudited) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 81,442	$ 158,171
Accounts receivable (net of allowance of $1,380 and $1,262 at March 31, 2015 and December 31, 2014, respectively)	30,911	34,396
Inventories	4,618	4,901
Prepaids and other current assets	10,763	8,422
Deferred income taxes, net	12	0
Assets of discontinued operations	253	565
Total current assets	127,999	206,455
Property, plant and equipment, at cost:
Property, plant and equipment, at cost	469,158	472,186
Less accumulated depreciation	(409,342)	(410,597)
Property, plant and equipment, net	59,816	61,589
Intangible assets, net	12,273	656
Goodwill	34,085	24,582
Investments	2,577	2,572
Deferred income taxes, net	462	0
Other assets	2,817	2,893
Total assets	240,029	298,747
Current liabilities:
Accounts payable	11,723	12,904
Accrued compensation and benefits	9,638	8,233
Dividends Payable	0	50,148
Other accrued expense	4,581	13,684
Advance subscription payments	16,451	15,894
Liabilities of discontinued operations	150	543
Total current liabilities	42,543	101,406
Long-term pension liabilities	64,391	65,859
Other post-employment benefits	2,530	2,656
Deferred income taxes, net	1,041	530
Other liabilities	1,461	2,277
Liabilities	111,966	172,728
Noncontrolling interests - redeemable	1,263	0
Shareholders' equity:
Preferred stock, $.01 par value; Authorized 2,000,000 shares; none issued	0	0
Treasury stock, Series A, at cost; 1,065,484 and 944,636 shares held at March 31, 2015 and December 31, 2014, respectively	(9,202)	8,087
Additional paid-in capital	500,267	499,320
Accumulated other comprehensive loss	(57,055)	(57,367)
Accumulated deficit	(309,742)	(308,330)
Total shareholders’ equity attributable to A. H. Belo Corporation	124,496	125,763
Noncontrolling interests	2,304	256
Total shareholders’ equity	126,800	126,019
Total liabilities and shareholders’ equity	240,029	298,747
Series A: Common stock
Shareholders' equity:
Common stock, $.01 par value; Authorized 125,000,000 shares	204	203
Series B: Common stock
Shareholders' equity:
Common stock, $.01 par value; Authorized 125,000,000 shares	$ 24	$ 24

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Investments

3 Months Ended

Mar. 31, 2015

Investments [Abstract]

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 as a component of other income, net, in the consolidated statements of operations. Under the cost method, the Company records earnings or losses when such amounts are realized. The Company evaluates the recoverability of its investments each period and estimates the fair value of its investments if identified events or circumstances indicate a significant adverse effect on the carrying value. Net losses on equity method investments were $414 and $408 for the three months ended March 31, 2015 and 2014, respectively. The table below sets forth the Company’s investments.

	March 31,		December 31,
	2015		2014
Equity method investments	$	1,145	$	1,640
Cost method investments	1,432		932
Total investments	$	2,577	$	2,572

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

Wanderful Media, LLC (“Wanderful”) – 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. It also utilizes location-based technology and incentives to drive consumers to retailer locations.

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

Classified Ventures, LLC (“Classified Ventures”) – The Company owned a 3.3 percent interest in Classified Ventures through its sale date on October 1, 2014. The principal business of Classified Ventures is the operation of cars.com.On October 1, 2014, the Company completed a transaction with Gannett Co. Inc. and other unit holders of Classified Ventures whereby Gannett acquired all membership interests from the unit holders of Classified Ventures. Proceeds of $81 were received in the first quarter of 2015, representing an adjustment to the sale price and increasing the gain on the transaction. As of March 31, 2015, a receivable of $3,280 was recorded for additional proceeds related to the sale of Classified Ventures which are expected to be received by the end of the third quarter of 2015.

Consolidated investments. The Company consolidates the following investments in which it has a controlling financial interest:

• Your Speakeasy, LLC (“Speakeasy”) - 70.0 percent ownership - targets middle-market business customers and provides turnkey social media account management and content development services.

• Untapped Festivals, LLC (“Untapped”) - 51.0 percent ownership - hosts events providing craft beer and entertainment events across major Texas cities.

• DMV Digital Holdings Company, Inc. - 80.0 percent ownership - specializes in marketing automation, search engine marketing, direct mail and promotional products.

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Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

As presented in Note 2 – Acquisitions, the Company acquired $9,503 of goodwill and $11,990 of definite-lived intangible assets in connection with its acquisition of DMV. Amortization expense of $283 was recorded for the three months ended March 31, 2015. The identification, valuation and amortization of these assets is not complete and subject to adjustment upon finalization. The definite-lived intangible assets are presented below as Other intangible assets, gross.

The Company also records goodwill and intangible assets from its previous acquisitions. The carrying value of goodwill, exclusive of DMV, was $24,582 at March 31, 2015 and December 31, 2014. Definite-lived intangible assets recorded from previous acquisitions consist of customer relationships, amortized over an estimated useful life of 3 years. Amortization expense related to customer relationships from previous acquisitions was $90 and $30 for the three months ended March 31, 2015 and 2014, respectively.

The carrying value of definite-lived intangible assets is set forth in the table below.

	March 31,			December 31,
	2015			2014
Customer relationships, gross	$	975		$	975
Other intangible assets, gross	11,990			—
Finite-lived intangible assets, gross	12,965			975
Accumulated amortization	(692		)	(319		)
Finite-lived intangible assets, net	$	12,273		$	656

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Long-term Incentive Plans (Tables)

3 Months Ended

Mar. 31, 2015

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

Stock option activity

The table below sets forth a summary of stock option activity under its long-term incentive plan.

	Number of Options		Weighted-Average Exercise Price
Outstanding at December 31, 2014	432,723		$	13.15
Exercised	(18,000	)	3.95
Canceled	(19,400	)	23.26
Outstanding at March 31, 2015	395,323		$	13.07

RSU activity

The table below sets forth a summary of RSU activity under its 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, 2014	501,158						$	6.81
Granted	71,102						8.79
Vested	(167,341	)	100,399	66,942	$	596	6.63
Canceled	(48,239	)					7.47
Non-vested at March 31, 2015	356,680						$	7.20

Compensation expense related to stock awards

A. H. Belo recognizes compensation expense for RSUs issued to its employees and directors under its long-term incentive plan 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 March 31,
2015	$	371	$	(68	)	$	303
2014	487		1,183			1,670

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Summary of Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2015

Accounting Policies [Abstract]

Basis of presentation, Policy

These consolidated financial statements include the accounts of A. H. Belo and its subsidiaries. The Company follows the guidance set by the Financial Accounting Standards Board (“FASB”) or other authoritative accounting standards-setting bodies. Under Accounting Standards Codification (“ASC”) 810 – Consolidation, the Company determines whether subsidiaries, joint ventures, partnerships and other arrangements should be consolidated. Transactions between the consolidated companies are eliminated and noncontrolling interests in less than wholly-owned subsidiaries are reflected in the consolidated 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. All dollar amounts are presented in thousands, except per share amounts, unless the context requires otherwise.

Discontinued Operations, Policy

Presentation of current and prior period amounts in the consolidated financial statements and notes thereto reflect continuing operations of the Company, unless otherwise noted.

Investments, 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 as a component of other income, net, in the consolidated statements of operations. Under the cost method, the Company records earnings or losses when such amounts are realized.

Pension and Other Retirement Obligations, 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.

Shareholders' 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.

Income Taxes, 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 applied 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. If a reliable estimate cannot be made of the annual effective tax rate, which could be caused by the significant variability in rates when marginal earnings are expected for the year and significant permanent or temporary differences exist, a discrete tax rate is calculated for the period.

New Accounting Pronouncements, Policy

The FASB issued Accounting Standards Update (“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 or 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 adoption of this standard did not have a material impact on the accounting for the Company’s discontinued operations.

The FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). This guidance generally clarified 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 currently evaluating the impact this update will have on its recognition and presentation of revenues within the consolidated statements of operations.

The FASB issued ASU 2014-15, Presentation of Financial Statements - Going Concern (Subtopic 205-40). This standard provides guidance around management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related disclosures. The new standard is effective for fiscal years and interim periods beginning after December 15, 2016. Early adoption is permitted. The Company does not anticipate the adoption of this standard to have a material impact on the presentation of the consolidated financial statements or disclosures.

The FASB issued ASU 2015-02, Consolidation (Topic 810). This update modifies requirements for consolidating certain legal entities. The standard removes the previous presumption that a general partner controls a limited partnership, revises when fees paid to a decision maker or service provider are a variable interest, and places additional emphasis on risk of loss in determining a controlling financial interest. The standard is effective for fiscal years and interim periods beginning after December 15, 2015, with early adoption permitted. The Company is currently evaluating the impact this update will have on its consolidation of legal entities within the consolidated financial statements.

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Pension and Other Retirement Plans

3 Months Ended

Mar. 31, 2015

Compensation and Retirement Disclosure [Abstract]

Pension and Other Retirement Plans

Defined Benefit Plans. The Company sponsors two defined benefit pension plans, the 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 of The Providence Journal Company, the obligation for which was retained by the Company in the sale transaction of the newspaper operations of The Providence Journal. No additional benefits are accruing under the A. H. Belo Pension Plans, as future benefits were frozen prior to the plans’ effective date.

During the three months ended March 31,2014, the Company made required contributions of $1,940 to the A. H. Belo Pension Plans. No contributions are required to the A. H. Belo Pension Plans in 2015. Management believes the assumed rate of return on the plans’ assets of 6.5 percent continues to be appropriate.

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 March 31,
	2015			2014
Interest cost	$	3,540		$	4,330
Expected return on plans' assets	(5,008		)	(5,215		)
Amortization of actuarial loss	312			—
Net periodic pension expense (benefit)	$	(1,156	)	$	(885	)

Defined Contribution Plans. The A. H. Belo Savings Plan, a defined contribution 401(k) plan, covers substantially all employees of A. H. Belo. Participants may elect to contribute a portion of their pretax compensation, as provided by the plan and the Internal Revenue Code. Employees can contribute up to 100 percent of their annual eligible compensation (less required withholdings and deductions) up to statutory limits. 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 March 31, 2015 and 2014, the Company recorded expense of $258 and $253, respectively, for matching contributions to this plan.

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Long-term Incentive Plans

3 Months Ended

Mar. 31, 2015

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

Share-Based Compensation

A. H. Belo sponsors a long-term incentive plan under which 8,000,000 common shares were authorized for equity based awards. Awards may be granted to A. H. Belo employees and outside directors in the form of non-qualified stock options, incentive stock options, restricted shares, 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 its long-term incentive plan.

	Number of Options		Weighted-Average Exercise Price
Outstanding at December 31, 2014	432,723		$	13.15
Exercised	(18,000	)	3.95
Canceled	(19,400	)	23.26
Outstanding at March 31, 2015	395,323		$	13.07

The intrinsic value of options exercised in three months ended March 31, 2015 and 2014, was $100 and $813, respectively, and the intrinsic value of outstanding options at March 31, 2015 was $729. The vested and exercisable weighted average remaining contractual term of stock options outstanding as of March 31, 2015, was 2.2 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 of up to three years. Vested RSUs are redeemed 60 percent in A. H. Belo Series A common stock and 40 percent in cash. As of March 31, 2015, the liability for the portion of the award to be redeemed in cash was $1,074. The table below sets forth a summary of RSU activity under its 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, 2014	501,158						$	6.81
Granted	71,102						8.79
Vested	(167,341	)	100,399	66,942	$	596	6.63
Canceled	(48,239	)					7.47
Non-vested at March 31, 2015	356,680						$	7.20

Compensation Expense. A. H. Belo recognizes compensation expense for RSUs issued to its employees and directors under its long-term incentive plan 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 March 31,
2015	$	371	$	(68	)	$	303
2014	487		1,183			1,670

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Income Taxes

3 Months Ended

Mar. 31, 2015

Income Tax Disclosure [Abstract]

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 applied 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. If a reliable estimate cannot be made of the annual effective tax rate, which could be caused by the significant variability in rates when marginal earnings are expected for the year and significant permanent or temporary differences exist, a discrete tax rate is calculated for the period.

The Company recognized income tax (benefit) provision from continuing operations of $(5,730) and $891 for the three months ended March 31,2015 and 2014, respectively. Effective income tax rates from continuing operations were 105.9 percent and (22.6) percent for 2015 and 2014, 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. Tax benefit for the three months ended March 31,2015, reflected a reduction in the valuation allowance for deferred tax assets of $3,993 as a result of DMV acquisition-date deferred tax liabilities assumed. Tax provision for the three months ended March 31, 2014, was primarily attributable to state income tax expense and changes in the valuation allowance on deferred tax assets.

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Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

Shareholders' Equity and Share-based Payments

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.

The table below sets forth the changes in accumulated other comprehensive loss, net of taxes.

	Three Months Ended March 31,
	2015								2014
	Total			Defined benefit pension plans			Other post-employment benefit plans		Total			Defined benefit pension plans			Other post-employment benefit plans
Balance, beginning of period	$	(57,367	)	$	(57,654	)	$	287	$	(15,093	)	$	(16,059	)	$	966
Amortization	312			312			—		(173		)	—			(173		)
Balance, end of period	$	(57,055	)	$	(57,342	)	$	287	$	(15,266	)	$	(16,059	)	$	793

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Long-term Incentive Plans (Schedule of stock options outstanding activity) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015
Stock option activity rollforward
Number of Options, Outstanding, Beginning Balance	432,723
Number of Options Exercised	(18,000)
Number of Options Canceled	(19,400)
Number of Options, Outstanding, Ending Balance	395,323
Weighted average price per share
Weighted Average Exercise Price, Outstanding Beginning Balance	$ 13.15
Weighted Average Exercise Price, Exercised	$ 3.95
Weighted Average Exercise Price, Canceled	$ 23.26
Weighted Average Exercise Price, Outstanding Ending Balance	$ 13.07

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Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Company's Identifiable Intangible Assets

amortized over an estimated useful life of 3 years. Amortization expense related to customer relationships from previous acquisitions was $90 and $30 for the three months ended March 31, 2015 and 2014, respectively.

The carrying value of definite-lived intangible assets is set forth in the table below.

	March 31,			December 31,
	2015			2014
Customer relationships, gross	$	975		$	975
Other intangible assets, gross	11,990			—
Finite-lived intangible assets, gross	12,965			975
Accumulated amortization	(692		)	(319		)
Finite-lived intangible assets, net	$	12,273		$	656

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Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2015

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 income (loss) and weighted average shares used for calculating basic and diluted earnings per share (“EPS”). The Company’s Series A and B common stock equally share in the distributed and undistributed earnings.

	Three Months Ended March 31,
	2015			2014
Earnings (numerator)
Net income attributable to A. H. Belo Corporation	$	363		$	(4,037	)
Less: Income (loss) from discontinued operations, net	(12		)	783
Less: Income to participating securities	36			58
Net income available to common shareholders from continuing operations	$	339		$	(4,878	)
Shares (denominator)
Weighted average common shares outstanding (basic)	21,770,698			21,918,000
Effect of dilutive securities	74,499			—
Adjusted weighted average shares outstanding (diluted)	21,845,197			21,918,000
Earnings per share from continuing operations
Basic and Diluted	$	0.02		$	(0.22	)

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Accumulated Other Comprehensive Loss (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Defined Benefit Plans and Other Postretirement Benefit Plans
Balance, beginning of period	$ (57,367)	$ (15,093)
Amortization of net actuarial losses	312	(173)
Balance, end of period	(57,055)	(15,266)
Pension Plans, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans
Balance, beginning of period	(57,654)	(16,059)
Amortization of net actuarial losses	312	0
Balance, end of period	(57,342)	(16,059)
Other Post-Employment Benefit Plans
Defined Benefit Plans and Other Postretirement Benefit Plans
Balance, beginning of period	287	966
Amortization of net actuarial losses	0	(173)
Balance, end of period	$ 287	$ 793

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Condensed Consolidated Balance Sheets Parenthetical (unaudited) (USD $) In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Allowance for doubtful accounts receivable	1,380	1,262
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
Series A: Common stock
Common Stock, Shares, Issued	20,459,900	20,341,501
Series B: Common stock
Common Stock, Shares, Issued	2,388,237	2,388,237
Treasury Stock | Series A: Common stock
Treasury stock Series A, shares held	1,065,484	944,636

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Discontinued Operations and Sales of Assets

3 Months Ended

Mar. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure

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. 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.

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, including 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 are presented as discontinued operations. During the three months ended March 31, 2014, income from discontinued operations included revenues and expenses of $21,194 and $20,217, respectively related to The Providence Journal. The Company reduced the gain on the sale of The Providence Journal in the three months ended March 31, 2015, and The Press-Enterprise in the three months ended March 31, 2014, by $12 and $178, respectively. As of March 31, 2015, the remaining assets and liabilities of discontinued operations were $253 and $150, respectively.

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Acquisitions (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Goodwill	$ 34,085	$ 24,582
Deferred tax liabilities	(3,993)
DMV
Business Acquisition [Line Items]
Working capital, net of cash acquired	(79)
Property, plant, and equipment	57
Other intangible assets	11,990
Goodwill	9,503
Deferred tax liabilities	(3,993)
Assets acquired and liabilities assumed, net	$ 17,478

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Income Taxes (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Tax Disclosure [Abstract]
Income Tax Expense (Benefit)	$ (5,730)	$ 891
Effective Income Tax Rate, Percent	105.90%	(22.60%)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities Noncurrent	$ 3,993

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Business Acquisitions (Tables)

3 Months Ended

Mar. 31, 2015

Business Combinations [Abstract]

Purchase price allocation, preliminary

The preliminary allocation of the purchase price, which is subject to adjustment upon finalization, is summarized as follows:

	Estimated Fair Value
Working capital, net of acquired cash	$	(79	)
Property, plant and equipment	57
Other intangible assets	11,990
Goodwill	9,503
Deferred income tax liabilities	(3,993		)
	$	17,478