1413898--3/31/2008--A._H._Belo_CORP

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{product, market, service}
{financial, litigation, operation}
{operation, natural, condition}
{cost, operation, labor}
{stock, price, operating}
{interest, director, officer}
A. H. Belo may incur increased expenses if the services agreement with Belo is terminated. A. H. Belo s directors and executive officers have significant combined voting power and significant influence over our management and affairs. Certain members of management, directors, and shareholders may face actual or potential conflicts of interest. Risks Relating to A. H. Belo s Business If A. H. Belo is unable to respond to evolving industry trends and changes in technology, its business may not be able to compete effectively. Decreases in advertising spending, resulting from an economic downturn, business combinations, natural disasters, war, terrorism, or other factors specific to the communities served by the Company, could adversely affect A. H. Belo s financial condition and results of operations. In addition, A. H. Belo s revenues are subject to seasonal, cyclical, and other fluctuations that could adversely affect our financial condition and results of operations. A. H. Belo s businesses operate in highly competitive markets, such as Dallas/Fort Worth, and our ability to maintain market share and generate revenues depends on how effectively the Company competes with existing and new competition. Decreases in circulation may adversely affect A. H. Belo s circulation and advertising revenues. A significant increase in the cost of newsprint, or a reduction in the availability of newsprint, could adversely affect A. H. Belo s publishing business. Adverse results from pending or new litigation or governmental proceedings or investigations could adversely affect A. H. Belo s financial condition and results of operations.

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