After sale of Providence Journal and Press-Enterprise, A.H. Belo downsizes management team
Daniel J. Blizzard, Senior Vice President for A.H. Belo Corporation since 2007, to depart
The A.H. Belo Corporation, the publisher of The Dallas Morning News, said today that it would be be downsizing its management team. As a result, Daniel J. Blizzard, who has been Senior Vice President since late 2007, will be leaving the company.
“Dan has made many important contributions to our Company over the fifteen years he has worked here,” Jim Moroney, chairman, president and Chief Executive Officer, said. “Most especially and recently, Dan was an integral part of the team that completed the sales of Riverside and Providence and almost single-handedly has monetized a great portion of our real estate assets. The Board and I appreciate all of his efforts and wish him the best in his future endeavors.”
Blizzard joined Belo in May of 1999 as director/procurement for The Dallas Morning News. Blizzard became vice president/Real Estate for Belo Investment Corporation, a wholly owned subsidiary of Belo, in January 2007.
Belo sold The Providence Journal to New Media Investment Group in July for $46 million in cash, and sold The Press-Enterprise of Riverside, California to Freedom Communications for $27.25 million in October of last year.
As part of the same announcement, the company said its board of directors had declared a special cash dividend of $2.25 per share to shareholders of record at the close of business on December 30, 2014. The dividend will be paid on January 14, 2015.