Welcome to our dedicated page for Dallasnews Corporation news (Ticker: DALN), a resource for investors and traders seeking the latest updates and insights on Dallasnews Corporation stock.
DallasNews Corporation (DALN) delivers trusted journalism and digital marketing solutions across North Texas. This page provides investors and stakeholders with essential updates on the company’s financial performance, strategic initiatives, and community-focused operations.
Find official press releases, earnings reports, and analysis of key developments in print media, digital advertising, and operational efficiency efforts. Our curated collection ensures you stay informed about partnership announcements, leadership changes, and innovations from the company’s advertising agency, Medium Giant.
Key updates include insights into cost optimization strategies, community engagement programs, and advancements in commercial printing services. Bookmark this page for real-time access to filings, merger/acquisition news, and updates on the company’s transition to sustainable production models.
DallasNews (Nasdaq: DALN) reported net income of $1.5 million ($0.27 per share) and operating income of $0.6 million for Q2 2024, compared to a net loss of $0.9 million in Q2 2023. The company's total revenue decreased by 11% to $32.1 million, primarily due to exiting its shared mail program and discontinuing print-only niche publications. Despite this, circulation revenue increased by 1.2% to $16.2 million, with digital-only subscription revenue growing by 18.8%. The company achieved expense savings of $5.4 million, resulting in an adjusted operating income of $1.2 million, an improvement from the $0.3 million loss in Q2 2023. DallasNews had $17.1 million in cash and cash equivalents with no debt as of June 30, 2024.
DallasNews (Nasdaq: DALN) has announced the schedule for its second quarter 2024 financial results release and conference call. The company will release its Q2 2024 financial results before the market opens on Wednesday, July 31, 2024. A conference call will be held on the same day at 9:00 a.m. CDT.
The call will be simultaneously webcast on the company's website, with an archive available later. For listen-only access, investors can dial 1-877-336-4436 and use the access code 8453121. A replay will be available from 12:00 p.m. CDT on July 31 until 11:59 p.m. CDT on August 6, 2024, using the access code 4993908.
DallasNews (Nasdaq: DALN) reported a Q1 2024 net loss of $1.4 million or $(0.25) per share, showing an improvement from the Q1 2023 net loss of $2.6 million or $(0.49) per share. The adjusted operating loss was $0.8 million, a 64% improvement from the previous year's $2.2 million. This improvement is attributed to cost reductions in distribution, employee compensation, and newsprint, despite a $4.1 million revenue decline. The revenue drop stemmed from the strategic exit of the shared mail program and discontinuation of print-only niche publications.
Total revenue for Q1 2024 was $31.1 million, down 11.6% from Q1 2023. Advertising revenue fell by 23.9% to $11.6 million, while circulation revenue increased by 1.8% to $16.3 million. The company recorded total operating expenses of $32.9 million, a 13.4% improvement from Q1 2023. DallasNews plans to relocate print operations, expecting $5 million in annual savings by early 2025.
As of March 31, 2024, the company had 531 employees, a reduction of 18.6% from the previous year. The company holds $18.4 million in cash and short-term investments and reported no debt.
DallasNews (Nasdaq: DALN) has announced plans to relocate its print operations from Plano, Texas, to a smaller leased facility in Carrollton, Texas, as part of its Return to Growth Plan initiated in 2021. The new facility will be operational by early 2025 and will result in annual savings of approximately $5 million. The company will invest around $8 million in more efficient printing technology. This move will reduce staffing by about 60%, affecting approximately 85 employees. Additionally, DallasNews has suspended its dividend payments indefinitely.
The Dallas Morning News and DallasNews have released an extensive investigation on toll roads in North Texas, highlighting the confusion, rising costs, and criminalization faced by Texans. The report reveals Texas leading in tolled facilities construction compared to other states, with key findings to be published online and in print starting May 13 and May 19, respectively.
DallasNews (Nasdaq: DALN) announced the schedule for the release of their first quarter 2024 financial results and conference call. The financial results will be released on May 14, 2024, followed by a conference call on May 16, 2024. The call will be webcasted and archived on the company's website. DallasNews is a holding company of The Dallas Morning News and Medium Giant, offering news and advertising services.
DallasNews (Nasdaq: DALN) and The Dallas Morning News are taking significant steps to enhance reader trust and transparency in journalism. A new public editor position, Stephen Buckley, will bridge the gap between readers and the newsroom, while the introduction of 'Why This Story Matters' aims to provide context for editorial decisions. These initiatives come in response to a decline in public trust in mass media, with The News striving to be a leader in transparency and accountability.
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