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SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
DECHERD ROBERT W

(Last) (First) (Middle)
P.O. BOX 224866

(Street)
DALLAS TX 75222-4866

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
A. H. Belo CORP [ AHC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman, President & CEO
3. Date of Earliest Transaction (Month/Day/Year)
02/08/2008
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Series A Common Stock(1) 1,961 D
Series A Common Stock(1) 240 I By Spouse(2)
Series A Common Stock(1) 1,093 I By 401(k) Account(3)
Series B Common Stock(1) 1,150,361 D
Series B Common Stock(1) 240 I By Spouse(2)
Series B Common Stock(1) 99,814 I By GRATs(4)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options (Right to Buy)(1)(5) $17.7934 (6) 12/16/2008 Series B Common Stock 40,000 40,000 D
Employee Stock Options (Right to Buy)(1)(5) $19.1718 (6) 12/16/2009 Series B Common Stock 68,000 68,000 D
Employee Stock Options (Right to Buy)(1)(5) $17.3549 (6) 12/01/2010 Series B Common Stock 66,426 66,426 D
Employee Stock Options (Right to Buy)(1)(5) $17.9238 (6) 11/30/2011 Series B Common Stock 82,000 82,000 D
Employee Stock Options (Right to Buy)(1)(5) $21.6428 (6) 12/06/2012 Series B Common Stock 40,000 40,000 D
Employee Stock Options (Right to Buy)(1)(5) $28.0084 (6) 12/05/2013 Series B Common Stock 40,000 40,000 D
Employee Stock Options (Right to Buy)(1)(5) $25.2617 (6) 12/03/2014 Series B Common Stock 40,000 40,000 D
Employee Stock Options (Right to Buy)(1)(5) $21.6729 (7) 12/09/2015 Series B Common Stock 22,400 22,400 D
Employee Stock Options (Right to Buy)(1)(5) $18.1343 (8) 12/13/2016 Series B Common Stock 31,464 31,464 D
Restricted Stock Units (Time-Based)(1)(5) (9) (10) (10) Series A Common Stock 11,900(9) 11,900 D
Restricted Stock Units (Time-Based)(1)(5) (9) (11) (11) Series A Common Stock 10,184(9) 11,900 D
Restricted Stock Units (Time-Based)(1)(5) (9) (12) (12) Series A Common Stock 31,528(9) 31,528 D
Restricted Stock Units (Performance-Related)(1)(5) (9) (13) (13) Series A Common Stock 6,538(9) 6,538 D
Explanation of Responses:
1. VOLUNTARY REPORT TO DISCLOSE SECURITIES ISSUED IN CONNECTION WITH THE SPIN-OFF OF THE ISSUER BY BELO CORP.
2. The reporting person disclaims beneficial ownership of these securities.
3. Held by the A. H. Belo Savings Plan as of February 8, 2008.
4. The reporting person is the settlor and trustee of each grantor retained annuity trust ("GRAT") and receives annual distributions therefrom. The reporting person's children are the remaindermen. The reporting person disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein. These Series B shares are held in several GRATs.
5. Reflects derivative securities (exercisable for or settled in the Issuer's common stock) held as a result of the spin-off of the Issuer from Belo Corp. pursuant to the anti-dilution adjustment provisions of previously outstanding awards.
6. All options are currently exercisable.
7. The options are currently exercisable as to 15,680 shares and become exercisable as to the remaining 6,720 shares on December 9, 2008.
8. The options are currently exercisable as to 12,585 shares and become exercisable as to 9,439 shares on December 13, 2008, and to the remaining 9,440 shares on December 13, 2009.
9. Each restricted stock unit (both performance-related and time-based) represents a contingent right to receive the value of one share of A. H. Belo Corporation Series A Common Stock. RSUs are valued as of the date of vesting and are paid 60% in shares of A. H. Belo Corporation Series A Common Stock and 40% in cash.
10. These time-based restricted stock units vest 100% in 2009 on the date of the A. H. Belo Corporation annual earnings release for the fiscal year ending December 31, 2008 and are settled within 10 business days thereafter.
11. These time-based restricted stock units vest 100% in 2010 on the date of the A. H. Belo Corporation annual earnings release for the fiscal year ending December 31, 2009 and are settled within 10 business days thereafter.
12. These time-based restricted stock units vest 100% in 2011 on the date of the A. H. Belo Corporation annual earnings release for the fiscal year ending December 31, 2010 and are settled within 10 business days thereafter.
13. One-half of these PBRSUs vests and is paid out as soon as practicable following each annual earnings release date for the fiscal years ending December 31, 2007 and 2008. Earned PBRSUs not yet paid are subject to additional vesting requirements that depend on the continued employment of the reporting person with the Company.
Kay F. Stockler, Attorney-In-Fact 02/13/2008
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
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ROBERT W. DECHERD

LIMITED POWER OF ATTORNEY FOR
A. H. BELO CORPORATION INSIDER REPORTING OBLIGATIONS
      
      KNOW ALL BY THESE PRESENTS, that the undersigned hereby makes, 
constitutes and appoints each of Donald F. Cass, Jr., Russell F. Coleman, Christine E. 
Larkin, and Kay F. Stockler, each acting individually, as the undersigned?s true and 
lawful attorney-in-fact, with full power and authority as hereinafter described on behalf 
of and in the name, place and stead of the undersigned to:
       (1)	prepare, execute, acknowledge, deliver and file Forms 3, 4, and 5 
(including any amendments thereto and any other similar forms) relating to the securities 
of A. H. Belo Corporation, a Delaware corporation (the ?Company?), with the United 
States Securities and Exchange Commission, any national securities exchanges and the 
Company, as considered necessary or advisable under Section 16(a) of the Securities 
Exchange Act of 1934 and the rules and regulations promulgated thereunder, as amended 
from time to time (the ?Exchange Act?);
      (2)	seek or obtain, as the undersigned's representative and on the 
undersigned's behalf, information on transactions in the Company's securities from any 
third party, including brokers, employee benefit
 plan administrators and trustees, and the 
undersigned hereby authorizes any such person to release any such information to each 
such attorney-in-fact and approves and ratifies any such release of information; and
      (3)	perform any and all other acts which in the discretion of each such 
attorney-in-fact are necessary or desirable for and on behalf of the undersigned in 
connection with the foregoing.
      The undersigned acknowledges that:
      (1)	this Limited Power of Attorney authorizes, but does not require, each such 
attorney-in-fact to act in his or her discretion on information provided to such attorney-
in-fact without independent verification of such information;
      (2)	any documents prepared and/or executed by any such attorney-in-fact on 
behalf of the undersigned pursuant to this Limited Power of Attorney will be in such 
form and will contain such information and disclosure as such attorney-in-fact, in his or 
her discretion, deems necessary or desirable;
      (3)	neither the Company nor any of such attorneys-in-fact assumes (i) any 
liability for the undersigned's responsibility to comply with the requirements of the 
Exchange Act, (ii) any liability of the undersigned for any failure to comply with such 
requirements, or (iii) any obligation or liability of the undersigned for profit 
disgorgement or other recovery under Section 16(b) of the Exchange Act; and
      (4)	this Limited Power of Attorney does not relieve the undersigned from 
responsibility for compliance with the undersigned?s obligations under the Exchange Act, 
including without limitation the reporting requirements under Section 16 of the Exchange 
Act.
      The undersigned hereby gives and grants each of the foregoing attorneys-in-fact 
full power and authority to do and perform each and every act and thing whatsoever 
requisite, necessary or appropriate to be done in and about the foregoing matters as fully 
to all intents and purposes as the undersigned might or could do if present, hereby 
ratifying all that each such attorney-in-fact of, for and on behalf of the undersigned, shall 
lawfully do or cause to be done by virtue of this Limited Power of Attorney.
      This Limited Power of Attorney shall remain in full force and effect until revoked 
by the undersigned in a signed writing delivered or faxed to A. H. Belo Corporation, 400 
S. Record Street, Dallas, Texas 75202, Attention:  Legal Department  (Fax 214/977-
8201) or until termination of the undersigned?s Section 16 reporting obligations with 
respect to Company securities, whichever first occurs. 
      As of the date of this document, each attorney-in-fact designated herein is an 
employee of Belo Corp. and/or A. H. Belo Corporation.  This Limited Power of Attorney 
shall be automatically revoked as to any such attorney-in-fact upon the date that such 
person ceases to be employed by neither Belo Corp. nor A. H. Belo Corporation.    
      IN WITNESS WHEREOF, the undersigned has caused this Limited Power of 
Attorney to be executed as of this 11 day of February, 2008. 
					/S/ ROBERT W. DECHERD
					ROBERT W. DECHERD
					

STATE OF TEXAS			)
					)
COUNTY OF DALLAS		)
      On this 11 day of February, 2008, ROBERT W. DECHERD personally appeared 
before me, and acknowledged that s/he executed the foregoing instrument for the 
purposes therein contained.
      IN WITNESS WHEREOF, I have hereunto set my hand and official seal.

/S/ VICKIE S. KING
_______________________
Notary Public
My Commission Expires:  11-6-09
(Notary Seal)