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AHC A H Belo Corporation

7.56
0.00 (0.00%)
13 Sep 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
A H Belo Corporation NYSE:AHC NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 7.56 0 01:00:00

Current Report Filing (8-k)

01/10/2014 6:44pm

Edgar (US Regulatory)




UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549



 FORM 8-K



 CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 1, 2014



(Exact name of registrant as specified in its charter)


Commission file number: 1-33741

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)



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))







Item 2.01. Completion of Acquisition or Disposition of Assets.
On October 1, 2014, A. H. Belo Corporation (the "Company") announced that the Company, together with its wholly-owned subsidiary, Belo Enterprises, Inc., had completed the previously reported transaction by and among Gannett Co., Inc. ("Gannett"), Classified Ventures, LLC ("CV"), and the Unit Holders of CV for the sale to Gannett of all of the Unit Holders' membership interests in CV pursuant to a Unit Purchase Agreement dated as of August 5, 2014. The Company, through Belo Enterprises, Inc., owned approximately 3.3 percent of CV, whose primary asset is the online car shopping website, Cars.com. The Company received pre-tax, cash proceeds, net of selling costs and funds held in escrow, of $78 million. The Unit Purchase Agreement related to the transaction was previously filed with the Securities and Exchange Commission as an exhibit to the Company's Current Report on Form 8-K filed August 6, 2014. A copy of the press release announcing the closing of the transaction is filed with this report as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1    Press Release dated October 1, 2014





SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: October 1, 2014
A. H. BELO CORPORATION
 
 
 
 
By:
/s/
Alison K. Engel
 
 
 
Alison K. Engel
 
 
 
Senior Vice President/Chief Financial Officer
 
 
 
 
 
 
 
 
 






EXHIBIT INDEX

99.1    Press Release dated October 1, 2014






Exhibit 99.1



A. H. Belo Announces Close of Classified Ventures Sale; Remains Cars.com
Reseller

DALLAS, TX – A. H. Belo Corporation (NYSE: AHC) (A. H. Belo or the Company)
announced that the previously disclosed transaction to sell its units in Classified Ventures
(CV) to Gannett Co. Inc., closed today. A. H. Belo received pre-tax, cash proceeds, net of
selling costs and funds held in escrow, of $78 million.
A. H. Belo also entered into a new, five-year affiliate agreement with CV that will
allow The Dallas Morning News to continue to resell Cars.com products and services
exclusively in its local market. The affiliate agreement increases the wholesale rate that A. H.
Belo will pay to CV for selling Cars.com products.
Moelis & Company LLC acted as exclusive financial advisor and Skadden, Arps,
Slate, Meagher & Flom LLP acted as exclusive legal advisor to A. H. Belo Corporation, its
selling partners and CV.

About A. H. Belo Corporation
A. H. Belo Corporation (NYSE: AHC) is a leading local news and information
publishing company with commercial printing, distribution and direct mail capabilities, as
well as businesses with expertise in emerging media and digital marketing. With a continued
focus on extending our media platform, we are able to deliver news and information in
innovative ways to new audiences with diverse interests and lifestyles. For additional
information, visit ahbelo.com, email invest@ahbelo.com.


P. O. Box 224866 Dallas, Texas 75222-4866 Tel. 214.977.8200 Fax 214.977.8201
www.ahbelo.com Deliveries: 508 Young Street Dallas, TX 75202

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