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DallasNews Corporation (Nasdaq: DALN) is a Dallas, Texas-based media company best known as the holding company of The Dallas Morning News, Texas’ leading daily newspaper. The company also owns Medium Giant, a full-service advertising agency with offices in Dallas and Tulsa.
DallasNews Corporation excels in local news and information publishing, commercial printing, distribution, and direct mail services. The company's flagship newspaper, The Dallas Morning News, has an exemplary journalistic reputation and a deep connection with the North Texas community, serving a region with over 8 million residents.
The company is currently undergoing significant transformation under its Return to Growth Plan, initiated in 2021. This plan aims to transition the company's print operations to a smaller facility in Carrollton, Texas, which is expected to save approximately $5.0 million annually and bolster the company’s path toward sustainable profitability.
For the fourth quarter of 2023, DallasNews reported a non-GAAP adjusted operating income of $0.6 million, primarily attributed to expense savings in distribution, employee compensation, benefits, and newsprint costs. Despite a revenue decline of $5.1 million, the company achieved improved financials compared to the previous year.
On the digital front, the company's digital-only subscription revenue grew significantly, offsetting declines in print circulation. This digital growth is part of the company's broader strategy to leverage emerging media and digital marketing.
In March 2024, DallasNews Corporation launched “High Profile,” a modern take on the region’s diverse personalities, featuring insider stories curated by Dallas native and best-selling author Sarah Hepola. The feature aims to engage readers with the vibrant, evolving culture of Dallas.
DallasNews Corporation emphasizes transparency and accountability through initiatives like the introduction of its new Public Editor role and the “Why This Story Matters” feature, which offers context on editorial decisions and aims to foster reader trust.
Overall, DallasNews Corporation is committed to delivering high-quality journalism and compelling advertising solutions, all while navigating the shifting landscape of the media industry with strategic initiatives and prudent financial management.
DallasNews Corporation (Nasdaq: DALN) reported a net loss of $2.6 million or $(0.49) per share for Q1 2023, matching the loss reported in Q1 2022. Total revenue decreased by $1.1 million (3.0%) to $35.2 million, driven by a decline in advertising and marketing services revenue by 5.9% to $15.3 million, primarily due to a 12.3% drop in print advertising. Circulation revenue remained stable at $16.0 million, with a notable 21.9% increase in digital-only subscription revenue offsetting print declines. Adjusted operating loss increased to $2.2 million from $1.6 million year-over-year. Operating expenses improved by 2.1% to $38.0 million, aided by $1.0 million in distribution expense savings. The company maintained a cash balance of $25.8 million with no debt. A financial results conference call is scheduled for April 25, 2023.
DallasNews Corporation (NASDAQ: DALN) announced that it will release its first quarter 2023 financial results on April 25, 2023, before the market opens. A conference call will take place at 9:00 a.m. CDT on the same day, allowing investors to gain insights into the company's performance.
The call will be accessible via a webcast on the DallasNews website, with an archive available afterwards. Investors can also listen in by dialing 1-877-226-8196, using access code 5560218. A replay will be offered post-event until May 1, 2023.
Operating in Dallas, DallasNews Corporation is recognized for its flagship property, The Dallas Morning News, and its media agency, Medium Giant, serving to enhance community engagement and business growth.
DallasNews Corporation (Nasdaq: DALN) reported a net loss of $2.1 million in Q4 2022, equating to $(0.40) per share, compared to a net income of $2.1 million, or $0.40 per share, in Q4 2021. For 2022, the net loss was $9.8 million, or $(1.83) per share. The total revenue for Q4 2022 was $39.1 million, down 3.6%, with advertising revenue declining by 7.0%. Total revenue for the year also decreased by $3.7 million, or 2.4%. Despite these losses, the company aims to achieve a sustainably profitable model through its Return to Growth Plan.
DallasNews Corporation (Nasdaq: DALN) will release its fourth quarter and full year 2022 financial results on March 10, 2023, prior to market opening. A conference call is scheduled for the same day at 9:00 a.m. CST, which will be broadcasted live via their website.
A replay will be available post-call. DallasNews Corporation, based in Dallas, operates The Dallas Morning News and Medium Giant.
DallasNews Corporation (Nasdaq: DALN) has declared a quarterly cash dividend of $0.16 per share, as announced on December 1, 2022. This dividend will be payable on March 3, 2023, to shareholders recorded by the close of business on February 10, 2023. The company, renowned for its flagship publication, The Dallas Morning News, continues to maintain its commitment to rewarding shareholders amidst a challenging media landscape.
DallasNews Corporation (Nasdaq: DALN) reported a net loss of $2.6 million or $(0.48) per share for Q3 2022, compared to a net income of $1.6 million or $0.30 per share in Q3 2021. Total revenue fell to $37.7 million, a decline of 1.6% from the previous year, attributed to a drop in advertising revenue. Despite a rise in digital-only subscriptions, overall advertising revenue decreased by 3.2%. Operating expenses improved by 2.2% to $40.0 million.
Cash and equivalents stood at $33.0 million with no debt, highlighting the company's liquidity.
DallasNews Corporation (Nasdaq: DALN) announced that it will release its third quarter 2022 financial results on October 26, 2022, before market opening. A conference call is scheduled for the same day at 9:00 a.m. CDT, during which results will be discussed. Interested parties can access the call via a dedicated phone line or through a webcast available on DallasNews’ website. A replay will be provided from October 26 until November 1, 2022. The company operates The Dallas Morning News and Medium Giant, focusing on local journalism and marketing.
DallasNews Corporation (Nasdaq: DALN) announced a quarterly cash dividend of $0.16 per share, declared on September 22, 2022. The dividend is payable on December 2, 2022 to shareholders on record as of November 10, 2022. This move signals the company's commitment to returning value to its shareholders amidst a challenging media landscape.
DallasNews Corporation (Nasdaq: DALN) announced a special dividend of $1.50 per share, payable on September 30, 2022, to shareholders on record as of September 9, 2022. This follows a $22.52 million payment from the sale of its former headquarters, with approximately $10 million retained to support growth. The total dividend payout is about $8 million, part of a history of returning capital to shareholders. The company also approved a $5 million contribution to its pension plans, which are currently 88% funded.
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