In advance of A. H. Belo Corporation's first-quarter financials conference call next week, chairman of the board, president and all-'round CEO Robert Decherd has sent a good news-bad news missive to stockholders today. Writes Decherd concerning the state and fate of The Dallas Morning News' parent company: "Looking ahead, 2008 will be a very difficult year vis-à-vis financial performance. We are looking at every sensible expense reduction while intensifying initiatives geared to maintaining core revenues and creating sustainable incremental revenue streams." --Robert Wilonsky
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