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AHC > SEC Filings for AHC > Form 8-K on 8-Jul-2013All Recent SEC Filings

Show all filings for A. H. BELO CORP

Form 8-K for A. H. BELO CORP


Completion of Acquisition or Disposition of Assets

Item 2.01. Completion of Acquisition or Disposition of Assets.
On July 2, 2013, Press-Enterprise Company ("Press-Enterprise") and AHC California Properties, LLC ("AHC California"), both wholly-owned subsidiaries of
A. H. Belo Corporation, entered into a Purchase and Sale Agreement with the County of Riverside, California, for the proposed sale of a five-story office building in Riverside, California, to the County of Riverside for approximately $30 million. The building currently serves as the administrative headquarters for Press-Enterprise. The proposed sale transaction includes approximately 5.25 acres of related land, together with certain parking lots and other improvements located at the site. AHC California will remain the owner of the real property and improvements immediately adjacent to the County property that is used in the printing and production of the Press-Enterprise newspapers. The sale, which is subject to usual and customary closing conditions, is currently expected to close on or about July 17, 2013. Press-Enterprise has entered into a lease for new office space, contingent on closing of the building sale, and currently anticipates that it will relocate during the fourth quarter of 2013. Press-Enterprise has entered into an interim lease-back for portions of the building with the County of Riverside for a period of six months until its proposed relocation is complete.

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