A. H. Belo Corporation (AHC) $4.23
The Company:
The newspaper industry has been in sharp decline over the last decade as circulation numbers have dropped precipitously and competition from new media companies has heated up. In a world of 24/7 news, journalists at companies like Business Insider churn out as many as 15 articles a day as described in this entertaining New York Times (NYT) article titled Joe Weisenthal vs. the 24-Hour News Cycle. Can traditional newspapers with their high fixed cost structure and pension liabilities compete in such a dog-eat-dog environment?