A. H. Belo Corporation Announces Retirement of Jim Moroney, Chairman, President and Chief Executive Officer; Robert W. Decherd to Succeed Moroney
Moroney added, “When I became CEO in 2013, I told the Board I would
commit to four years. It’s now been almost five years and I asked Ty to
form a transition committee which worked diligently during the past year
to design the organization we now have in place. I feel very good about
where we are as a company.” The Board’s transition committee was
composed of Miller, director
Moroney continued, “Besides continuing to transform the Company’s
business model, I wanted to hire a new editor, a new publisher and play
a role in hiring a new editor of the editorial board. All of that was
accomplished by early March of this year and so now, closing in on five
years, it’s time for me to look to other endeavors. It has been the
privilege of my professional life to serve as publisher of
During Moroney’s tenure at
During the past five years,
Moroney plans to continue working from time-to-time with various organizations in the newspaper business and elsewhere to pursue his long-standing interest in digital journalism. He is generally considered to be one of the industry’s leaders in transforming a newspaper’s legacy business to a more digitally-driven business and in diversifying its sources of revenue.
In the new organization, Decherd’s direct reports will be
Decherd said, “It’s exciting to serve again as A. H. Belo’s Chief
Executive Officer. We are in the enviable position of being able to
conceive and implement initiatives that reinforce shareholder value
while upholding the Company’s long-standing commitment to local
journalism, editorial leadership, and far-reaching news projects.
A. H. Belo Corporation 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 digital marketing. With a continued focus on extending the Company’s media platform, A. H. Belo Corporation delivers news and information in innovative ways to a broad spectrum of audiences with diverse interests and lifestyles. For additional information, visit www.ahbelo.com or email firstname.lastname@example.org.
Statements in this communication concerning A. H. Belo Corporation’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, trends and uncertainties are, in most instances, beyond the Company’s control, and include changes in advertising demand and other economic conditions; consumers’ tastes; newsprint prices; program costs; labor relations; technology obsolescence; as well as other risks described in the Company’s Annual Report on Form 10-K and in the Company’s other public disclosures and filings with the Securities and Exchange Commission. Forward-looking statements, which are as of the date of this filing, are not updated to reflect events or circumstances after the date of the statement.
A. H. Belo Corporation