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DALLAS — Newspaper publisher A.H. Belo Corp. reported final fourth-quarter and full-year results Thursday, having reported in February that it expected steep cost cuts to boost its profit for the three months that ended Dec. 31.
The publisher of The Dallas Morning News and other newspapers said Thursday that it earned $5.6 million, or 27 cents per share, for the period, as it expected. That compares with a loss of $33.1 million, or $1.62 per share, a year earlier.
The company's revenue was $135.5 million, down 15 percent from a year earlier, also as it said in February that it expected to report.
The profit includes charges of $3.7 million related to writing off a Web content management system, $1.2 million related to investment write-offs and $400,000 for severance pay.
For the full year, A.H. Belo posted a loss of $107.9 million, or $5.25 per share.
It said in February that it expected to report a loss of $110.3 million, or $5.37 per share.
A.H. Belo restated its financial statements to correct an accounting error related to its pension plan. It delayed filing its 2009 annual report to complete the accounting of its pension obligations.
Shares rose 18 cents, or 2.3 percent, to close at $7.99.
