DALLAS--(BUSINESS WIRE)--Feb. 17, 2015--
A.
H. Belo (NYSE: AHC) announced today that it has signed on
as a partner with Matter,
a San Francisco-based venture capital firm and incubator that supports
promising media startups and entrepreneurs.
“Our participation with Matter gives us an opportunity to explore some
of the most creative ways that technology is being used to enhance the
way consumers engage with journalism,” said Jim Moroney, chairman,
president and chief executive officer of A. H. Belo. “As a publishing
company, we have to be continually looking for more ways to align what
we publish and how we publish with the evolving ways consumers are
getting their news and information. In addition, the culture of
innovation that Corey Ford has built in Matter is one we will learn from
and we will work to instill in our own company. Creating a culture that
supports and drives ‘sustaining innovation’ is a critical component of
our business strategy."
A. H. Belo joins three other media companies – The Associated Press, The
McClatchy Company, and Community Newspaper Holdings Inc. – as new
organizational partners. They join three founding partners – KQED Public
Media for Northern California, the John S. and James L. Knight
Foundation and Public Radio Exchange – which collectively launched
Matter in 2012.
The new partnership features a powerful mix of international, national
and local media organizations with a vast reach across television,
radio, digital and print. The network of media partners gives
participating startups extensive mentorship by industry leaders,
connections to potential customers and real-world opportunities to test
their ideas.
Matter looks for startups that have potential to become meaningful media
institutions of the future – creating a more informed, connected and
empowered society. For each selected company, Matter provides seed
capital of $50,000 and an intensive, five-month program at its San
Francisco headquarters for the budding entrepreneurs to refine their
business plans, develop prototypes, work collaboratively with other
entrepreneurs and learn from leaders in media and technology. The
program culminates with presentations in San Francisco and New York in
front of a select group of investors, media executives, mentors and
others.
About A. H. Belo
A. H. Belo Corporation (NYSE: AHC) is a leading local news and
information publishing company with commercial printing, distribution
and direct mail capabilities, as well as businesses with expertise in
emerging media and digital marketing. With a continued focus on
extending our media platform, we are able to deliver news and
information in innovative ways to new audiences with diverse interests
and lifestyles. For additional information, visit ahbelo.com,
email invest@ahbelo.com.
Source: A. H. Belo
for A. H. Belo
Kerri Fulks, 972-499-6617
