DALLAS – Robert W. Decherd, CEO of A.H. Belo Corp., parent of the Providence Journal, announced his intention to retire in September. Decherd has been the head of A.H. Belo since its spin-off from Belo Corp. in 2008, in which the company divided its television and newspaper assets into two independent companies.
James M. (Jim) Moroney III, executive vice president of A.H. Belo and publisher and CEO of The Dallas Morning News, will succeed Decherd, who will become vice chairman of the company board of directors. “We are confident that under Jim’s direction, we can seize upon opportunities to diversigy revenues while maintaining the company’s journalistic mission,” said A.H. Belo’s lead director, John P. Puerner, in a statement issued Wednesday.
Prior to becoming CEO of A.H. Belo, Decherd, 62, was CEO of Belo Corp. from 1987 to 2008, a time during which the company grew four-fold in size, including its purchase of the Providence Journal in 1996.
Moroney, 56, became publisher and CEO of The Morning News in June 2001, subsequent to serving as president of Belo’s television group and president of Belo Interactive.
A.H. Belo, in addition to owning The Morning News and the Journal, publishes the Press-Enterprise in Riverside, Calif., as well as the Denton (Texas) Record-Chronicle. The company also produces niche publications, offers digital marketing services, and owns and operates commercial printing, distribution and direct mail service operations.
Belo Corp., the television asset company that remained after the spin-off in 2008, agreed earlier this month to be purchased by the Gannett Co. Inc. for $2.2 billion in cash and assumed debt.