A. H. Belo Corporation Announces Termination of Agreement to Sell Property
A.H. Belo Corp (AHC)
US:NYSE Investor Relations:
investor.ahbelo.com
Company Research
Source: GlobeNewswire
DALLAS, Dec. 10, 2018 (GLOBE NEWSWIRE) -- A. H. Belo Corporation (NYSE: AHC) announced today that on December 6, 2018, the Company received written notice from 508 Young Acquisition LP, an affiliate of KDC Development, LLC, exercising its right to terminate the agreement dated October 29, 2018, pursuant to which 508 Young Acquisition LP contracted to acquire the former campus of The Dallas Morning News in downtown Dallas for $33 million. Katy Murray, Senior Vice President and Chief Financial Officer, said, “We are disappointed that this transaction will not close as anticipated, and A. H. Belo will work with its broker to actively market the property beginning now.” About A. H. Belo Corporation A. H. Belo Corporation is the leading local news and information publishing company in Texas with commercial printing, distribution and direct mail capabilities, as well as a presence in emerging media and digital marketing. While focusing on extending the Company’s media platforms,
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