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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*
HIRSCH LAURENCE E

(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
Officer (give title below) Other (specify below)
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) 2,000 D
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
Director Stock Option (Right to Buy)(1)(2) $20.2369 (3) 05/12/2009 Series B Common Stock 1,800 1,800 D
Director Stock Option (Right to Buy)(1)(2) $16.5404 (3) 05/10/2010 Series B Common Stock 2,990 2,990 D
Director Stock Option (Right to Buy)(1)(2) $19.1092 (3) 08/01/2010 Series B Common Stock 1,065 1,065 D
Director Stock Option (Right to Buy)(1)(2) $18.0741 (3) 05/09/2011 Series B Common Stock 4,240 4,240 D
Director Stock Option (Right to Buy)(1)(2) $22.7155 (3) 05/08/2012 Series B Common Stock 2,879 2,879 D
Director Stock Option (Right to Buy)(1)(2) $22.7756 (3) 05/13/2013 Series B Common Stock 3,633 3,633 D
Director Stock Option (Right to Buy)(1)(2) $28.7 (3) 05/11/2014 Series B Common Stock 2,447 2,447 D
Director Stock Option (Right to Buy)(1)(2) $23.5675 (3) 05/10/2015 Series B Common Stock 3,088 3,088 D
Director Stock Option (Right to Buy)(1)(2) $18.004 (3) 05/09/2016 Series B Common Stock 3,969 3,969 D
Director Stock Option (Right to Buy)(1)(2) $20.2695 (3) 05/08/2017 Series B Common Stock 3,403 3,403 D
Restricted Stock Units (Time-Based)(1)(2) (4) (5) (5) Series A Common Stock 441(4) 441 D
Restricted Stock Units (Time-Based)(1)(2) (4) (6) (6) Series A Common Stock 346(4) 346 D
Explanation of Responses:
1. VOLUNTARY REPORT TO DISCLOSE SECURITIES ISSUED IN CONNECTION WITH THE SPIN-OFF OF THE ISSUER BY BELO CORP.
2. 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.
3. All options are currently exercisable.
4. Each restricted stock unit represents a contingent right to receive the value of one share of A. H. Belo Corporation Series A Common Stock. RSUs are payable in the form of 60% in shares of A. H. Belo Corporation Series A Common Stock and 40% in cash, valued as of the date of settlement.
5. These time-based restricted stock units are fully vested and are settled within 10 business days following the 2009 annual meeting of A. H. Belo Corporation shareholders.
6. These time-based restricted stock units are fully vested and are settled within 10 business days following the 2010 annual meeting of A. H. Belo Corporation shareholders.
Kay F. Stockler, Attorney-In-Fact 05/30/2008
** 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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LAURENCE E. HIRSCH

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 11th day of February, 2008.

                                            /S/ LAURENCE E. HIRSCH
                                                LAURENCE E. HIRSCH
                                        

STATE OF TEXAS        )
                        )
COUNTY OF DALLAS        )
      On this 11th day of February, 2008, LAURENCE E. HIRSCH 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/ RACHEL GALLINI
Notary Public
My Commission Expires: July 20, 2008
(Notary Seal)