International Business News - AHC http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Thomas Heslin has been named vice president and executive editor at The Providence Journal. The Providence Journal, which is owned by Dallas-based media company A.H. Belo Corp., reported Sunday that the 58-year-old Heslin succeeds Joel Rawson who retired on April 29. http://www.ibtimes.com/articles/20081117/the-providence-journal-gets-executive-editor.htm Mon, 17 Nov 2008 09:55:20 EST In a Nov. 12 story, The Associated Press reported that the chief financial officer of Lee Enterprises Inc., Carl Schmidt, said the company likely met its targets for the fiscal year that ended in September. The story should have specified that Schmidt was referring to the company meeting the requirements of its loan covenants rather than its earnings targets. http://www.ibtimes.com/articles/20081113/clarification-lee-earns-preview.htm Thu, 13 Nov 2008 14:06:11 EST Lee Enterprises Inc., publisher of the St. Louis Post Dispatch and other papers, reports its fourth-quarter earnings Thursday. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20081112/lee-4q-revenue-profit-expected-to-tumble.htm Wed, 12 Nov 2008 18:54:58 EST Several companies already have announced plans to reduce or suspend the 401(k) company match: Company: Dollar Thrifty Automotive Group Inc. http://www.ibtimes.com/articles/20081104/some-companies-reducing-or-suspending-401-k-match.htm Tue, 04 Nov 2008 17:06:57 EST Fitch Ratings said it lowered Belo Corp.'s issuer default rating and debt ratings due to the likelihood that local ad-sales softness will continue next year. http://www.ibtimes.com/articles/20081104/fitch-lowers-belo-ratings-on-ad-sales-weakness.htm Tue, 04 Nov 2008 07:25:17 EST Television station owner Belo Corp. said Monday that it expects fourth-quarter revenue to slip due to ongoing advertising sales weakness. The company warned that revenue is likely to drop 8 percent in the fourth quarter because ad sales are likely to face continuing declines in consumer confidence and the economy overall. http://www.ibtimes.com/articles/20081103/belo-expects-4q-revenue-to-drop-on-ad-sales.htm Mon, 03 Nov 2008 10:54:30 EST The CEO of A.H. Belo Corp., publisher of The Dallas Morning News and three other daily newspapers, said Friday that the company won't revive a dividend until it sees "more than a couple quarters" of profits. http://www.ibtimes.com/articles/20081031/ah-belo-suspends-dividend-through-january.htm Fri, 31 Oct 2008 16:30:45 EDT Continued reductions in advertising revenue contributed to an 86 percent decline in third-quarter profits at The Washington Post Co. and widened losses at the Belo newspaper chain, the companies said Friday. http://www.ibtimes.com/articles/20081031/ad-sales-drop-squeezes-3q-earnings-for-post-belo.htm Fri, 31 Oct 2008 18:17:43 EDT A.H. Belo Corp. said Friday its third-quarter loss widened mostly on severance costs and an impairment charge, as ad sales continued to soften. The publisher of The Dallas Morning News and three other newspapers also disclosed that it recently reduced its staff by an additional 90 positions, which will lead to a $2.4 million fourth-quarter charge. http://www.ibtimes.com/articles/20081031/a-h-belo-3q-loss-widens-on-severance-cost-charge.htm Fri, 31 Oct 2008 08:57:22 EDT Lee Enterprises Inc., struggling like all other newspaper publishers from plunging revenue in a weakening economy, said Thursday it was suspending dividend payments and paying higher interest rates to gain more flexibility with lenders. http://www.ibtimes.com/articles/20081030/lee-enterprises-suspends-dividends-as-ads-weaken.htm Thu, 30 Oct 2008 17:47:50 EDT Shares of newspaper companies were mixed Wednesday after the Federal Reserve slashed a key interest rate by half a percentage point in hopes of reviving the economy. http://www.ibtimes.com/articles/20081029/newspaper-companies-traded-mixed-after-rate-cut.htm Wed, 29 Oct 2008 15:06:58 EDT The holiday grinch is already on his way to newspaper companies, where advertising for the rest of 2008 may match or be worse than an already-disappointing September. http://www.ibtimes.com/articles/20081026/newspaper-companies-face-pressure-from-all-sides.htm Sun, 26 Oct 2008 14:47:54 EDT The Star-Ledger of Newark, N.J., will reduce its newsroom staff by nearly half through voluntary buyouts as New Jersey's largest newspaper seeks to return to profitability. http://www.ibtimes.com/articles/20081024/star-ledger-cuts-newsroom-staff-by-nearly-half.htm Fri, 24 Oct 2008 19:03:30 EDT Newspaper publisher A.H. Belo Corp. said Friday it was imposing a companywide wage freeze and suspending profit-based payments to retirement plans until it returns to profitability. http://www.ibtimes.com/articles/20081024/a-h-belo-imposes-wage-freeze-until-profitable.htm Fri, 24 Oct 2008 17:34:39 EDT The credit markets showed renewed signs of stress Friday as investors, worried about plunging stocks and the possibility of companies defaulting on their debt, fled once again to the safety of government debt. http://www.ibtimes.com/articles/20081024/credit-markets-see-signs-of-squeeze-again.htm Fri, 24 Oct 2008 18:12:20 EDT A.H. Belo Corp. has a new debt agreement with its lenders. Belo says the agreement gives it more flexibility but will cost the company more in interest. It will restrict dividend payments and cut in half to $50 million the amount it could borrow under the agreement. http://www.ibtimes.com/articles/20081024/a-h-belo-has-new-debt-agreement-with-lenders.htm Fri, 24 Oct 2008 09:03:40 EDT Gannett Co., the nation's largest newspaper publisher, said Friday that its third-quarter profits fell 32 percent as advertising revenue declined, and new job cuts are likely as a result. http://www.ibtimes.com/articles/20081024/gannett-3q-profits-down-32-pct-on-lower-ad-revenue.htm Fri, 24 Oct 2008 18:47:24 EDT A Goldman Sachs analyst lowered ratings on Journal Communications Inc. and E.W. Scripps Co. Wednesday, noting that the sector is still struggling with a shift to more of a print and online strategy. http://www.ibtimes.com/articles/20081015/sector-snap-ratings-cut-on-2-newspaper-cos.htm Wed, 15 Oct 2008 14:32:04 EDT Shares in most newspaper companies fell with the broader market Monday as investors feared a government bailout plan won't work quickly to unfreeze the credit markets. http://www.ibtimes.com/articles/20081006/shares-in-newspaper-companies-fall-with-market.htm Mon, 06 Oct 2008 13:38:40 EDT A.H. Belo Corp. said Thursday that it has completed a round of buyouts at its newspapers and that layoffs will be done by this fall. The company made the voluntary severance offer in July and 413 have accepted and plan to leave the company. That includes 270 people at The Dallas Morning News, 23 at The Providence Journal in Rhode Island and 120 at The Press-Enterprise in Riverside, Calif. http://www.ibtimes.com/articles/20080904/a-h-belo-completes-buyouts-layoffs-done-soon.htm Thu, 04 Sep 2008 19:52:39 EDT