Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  CALDERA LOUIS E
2. Date of Event Requiring Statement (Month/Day/Year)
03/09/2011
3. Issuer Name and Ticker or Trading Symbol
A. H. Belo CORP [AHC]
(Last)
(First)
(Middle)
A. H. BELO CORPORATION, P.O. BOX 224866
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

DALLAS, TX 75222-4866
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Series A Common Stock 471
D
 
Series B Common Stock 0
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Director Stock Option (Right to Buy) (1) (2)   (3) 07/27/2011 Series B Common Stock 1,542 $ 19.0164 D  
Director Stock Option (Right to Buy) (1) (2)   (3) 05/08/2012 Series B Common Stock 1,439 $ 22.7155 D  
Director Stock Option (Right to Buy) (1) (2)   (3) 05/13/2013 Series B Common Stock 1,816 $ 22.7756 D  
Director Stock Option (Right to Buy) (1) (2)   (3) 05/11/2014 Series B Common Stock 1,224 $ 28.7 D  
Director Stock Option (Right to Buy) (1) (2)   (3) 05/10/2015 Series B Common Stock 1,544 $ 23.5675 D  
Director Stock Option (Right to Buy) (1) (2)   (3) 05/09/2016 Series B Common Stock 1,323 $ 18.004 D  
Director Stock Option (Right to Buy) (1) (2)   (3) 05/08/2017 Series B Common Stock 1,134 $ 20.2695 D  
Restricted Stock Units (Time-Based) (1) (2)   (4)   (4) Series A Common Stock 3,591 (5) $ (5) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
CALDERA LOUIS E
A. H. BELO CORPORATION
P.O. BOX 224866
DALLAS, TX 75222-4866
  X      

Signatures

Louis E. Caldera 03/09/2011
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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).
(1) Mr. Caldera, the Reporting Person, served as a director of Belo Corp. from July 2001 to February 2008 and as a director of A. H. Belo Corporation, the Issuer, from December 2007 to January 2009.
(2) Reflects derivative securities (exercisable for or settled in the Issuer's common stock) issued in connection with 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) These time-based restricted stock units (RSUs) are 100% vested and will settle within 10 business days following July 23, 2011 (three years from the date of award).
(5) Each RSU represents a contingent right to receive the value of one share of the Issuer's Series A Common Stock. RSUs are payable in the form of 60% in shares of the Issuer's Series A Common Stock and 40% in cash, valued as of the date of settlement.

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