Welcome to our dedicated page for DallasNews Corporation Series A news (Ticker: DALN), a resource for investors and traders seeking the latest updates and insights on DallasNews Corporation Series A stock.
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 $2.4 million, or $(0.45) per share, in Q2 2022, compared to a loss of $1.5 million, or $(0.28) per share, in Q2 2021. The company experienced a revenue decline of $1.1 million, totaling $37.6 million in Q2 2022. While advertising revenue fell by 6.2%, circulation revenue slightly increased by 1.2%. Adjusted operating loss was $1.0 million, worsening from the previous year. Operational expenses decreased by 4.4% year-over-year, attributed to reduced employee costs and distribution expenses. Cash reserves stood at $26.6 million with no debt.
DallasNews Corporation (Nasdaq: DALN) will announce its Q2 2022 financial results on July 27, 2022, before the market opens. A conference call is scheduled for the same day at 9:00 a.m. CDT. The call will be available for listening via telephone and will also be webcast on the company's investor relations site. A replay of the call will be accessible from July 27 at noon CDT until August 2, 2022. DallasNews Corporation operates the leading Texas daily newspaper, The Dallas Morning News, and the marketing agency Medium Giant.
DallasNews Corporation (NASDAQ: DALN) announced a quarterly cash dividend of $0.16 per share on May 12, 2022. This dividend will be payable on September 2, 2022 to shareholders of record by the close of business on August 12, 2022. The company emphasizes its strong community ties through its flagship publication, The Dallas Morning News, and its marketing agency, Medium Giant. However, future dividends are subject to board approval and various uncertainties that could impact the company.
DallasNews Corporation (Nasdaq: DALN) announced the appointment of Grant S. Moise as Chief Executive Officer, succeeding Robert W. Decherd, who will become Executive Chairman until May 2023. Katy Murray will take over as President of the Company while continuing as Chief Financial Officer. The leadership transition aims to enhance the Company's digital media strategies and optimize executive compensation. Moise has been with the Company for 20 years and is focused on journalistic quality and profitable growth for The Dallas Morning News.
DallasNews Corporation (Nasdaq: DALN) reported a first quarter 2022 net loss of $2.6 million, or $(0.49) per share, an improvement compared to a net loss of $2.8 million in the first quarter of 2021. Total revenue was $36.3 million, down 1.4% year-over-year, attributed to a $0.6 million decline in print advertising. However, digital-only subscription revenue surged by 45.5%. Operating expenses were reduced by $1.8 million, leading to an adjusted operating loss of $1.6 million, a 30.6% improvement from the previous year. The company's balance sheet remains strong with $30.9 million in cash and no debt.
DallasNews Corporation (Nasdaq: DALN) will announce its first quarter 2022 financial results on April 25, 2022, before market opening. A conference call is scheduled for the same day at 10:00 a.m. CDT, which will be accessible via a webcast on their official website. Investors can access the call by dialing 1-844-291-6362 with an access code provided. A replay will be available post-call until May 1, 2022. DallasNews Corporation includes The Dallas Morning News and Medium Giant, emphasizing its media presence and community engagement.
DallasNews Corporation (Nasdaq: DALN) reported a fourth quarter 2021 net income of $2.1 million, or $0.40 per share, compared to a net loss of $1.7 million in Q4 2020. The operating loss for Q4 2021 was $0.7 million, improved from a $4.0 million loss a year prior. For 2021, the net loss was $0.5 million, an improvement over a $6.9 million loss in 2020. Key revenue metrics showed a slight increase in digital-only subscription revenue by 48.5%. The total revenue for 2021 was $154.4 million, up marginally from 2020.
DallasNews Corporation (Nasdaq: DALN) has declared a quarterly cash dividend of $0.16 per share on March 3, 2022. This dividend is payable on June 3, 2022 to shareholders of record as of the close of business on May 13, 2022. The company focuses on delivering news through The Dallas Morning News and operates a marketing agency called Medium Giant.
DallasNews Corporation (Nasdaq: DALN) will announce its fourth quarter and full year 2021 financial results on March 8, 2022, before the market opens. A conference call is scheduled for the same day at 9:00 a.m. CST, which will be available for live streaming on the company's website. An archived version will also be accessible for later viewing. DallasNews Corporation operates The Dallas Morning News and Medium Giant, focusing on regional journalism and marketing solutions.
The Dallas Morning News has launched its online Voter Guide for North Texans ahead of the March 1, 2022 primary election.
This guide features candidate comparisons on key issues and a customizable sample ballot tool. The Editorial Board compiled the guide, which also includes links to recommendations for the general election and a list of 351 candidates across 123 races. DallasNews Corporation (Nasdaq: DALN) oversees this initiative, reinforcing its role as a strong community-based media source.
FAQ
What is the current stock price of DallasNews Corporation Series A (DALN)?
What is the market cap of DallasNews Corporation Series A (DALN)?
What is DallasNews Corporation best known for?
What strategic initiatives is DallasNews Corporation currently undertaking?
How did DallasNews Corporation perform financially in the fourth quarter of 2023?
What is the 'High Profile' feature in The Dallas Morning News?
What digital strategies is DallasNews Corporation focusing on?
What role does Medium Giant play in DallasNews Corporation?
What is the 'Why This Story Matters' feature?
Who is the new Public Editor of The Dallas Morning News?
How has DallasNews Corporation adapted its operations to improve financial performance?
What is the significance of the DallasNews Corporation's Return to Growth Plan?
