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Morning News Results: Down $93M in Two Years

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A.H. Belo filed its 10K with a breakout of revenue results. The good news: in 2008 circulation price increases brought in nearly $10M more in revenues to $81M, which tells me someone wants a printed newspaper and is willing to pay for it. The bad news you can read for yourself after the jump:

Twelve Months Ended               2008              Change              2007             Change              2006
Advertising                        $ 300,099               (18.1 )%      $ 366,516            (9.8 )%      $ 406,515
Circulation                             80,097                14.0 %          70,244               (0.3 )%         70,445
Other                                      24,018                16.3 %          20,658              (1.3 )%         20,927
Net operating revenues        404,214               (11.6 )%       457,418              (8.1 )%        497,887

Net operating revenues for The Dallas Morning News decreased by $53,204, or 11.6 percent, in the year ended December 31, 2008, as compared to the year ended December 31, 2007. Advertising revenues decreased by $66,417, or 18.1 percent, in the year ended December 31, 2008, compared to the year ended December 31, 2007, due to declines in substantially all categories included in retail, general and classified. Retail advertising revenue decreased $11,831, or 14.5 percent, general advertising revenue decreased $8,630, or 18.5 percent, and classified advertising revenue decreased $37,394, or 31.8 percent. Circulation revenue increased $9,853, or 14.0 percent, for the year ended December 31, 2008, compared to the year ended December 31, 2007, primarily due to an increase in home delivery and single copy prices.

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