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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 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.
Medium Giant is the new name of Belo + Company, as announced by President Eric Myers on Dec. 13, 2021. This rebranding reflects the agency's evolution into a full-service media and marketing firm. Under DallasNews Corporation, Medium Giant offers clients across the U.S. a range of intelligence-driven, technology-enabled solutions. Myers emphasized that the name encapsulates the company's legacy while focusing on client growth. With offices in Dallas, Denver, and Tulsa, Medium Giant addresses various services, including branding, web development, and inbound marketing.
DallasNews Corporation (Nasdaq: DALN) has declared a quarterly cash dividend of $0.16 per share on December 2, 2021. This dividend is payable on March 4, 2022 to shareholders of record as of February 11, 2022. DallasNews Corporation is recognized as Texas's leading local news publisher, expanding into emerging media and digital marketing. The company maintains a robust infrastructure for commercial printing and distribution, aiming to deliver news innovatively to various audiences.
DallasNews Corporation (Nasdaq: DALN) reported a third quarter 2021 net income of $1.6 million or $0.30 per share, compared to a net loss of $0.1 million in Q3 2020. The operating loss was $2.6 million, with an adjusted operating loss of $1.2 million, reflecting increased employee costs and revenue-related expenses. Total revenue rose 1.5% to $38.3 million, driven by a 3.6% increase in advertising and marketing services revenue. Digital subscriptions saw significant growth, with a 42.5% increase in digital-only revenue. Cash and equivalents are at $34.7 million with no debt.
DallasNews Corporation (Nasdaq: DALN) will announce its third quarter 2021 financial results on October 26, 2021, before the market opens. A conference call is scheduled for the same day at 9:00 a.m. CDT, which will be accessible via webcast on their investor relations website. A replay will be available after the call. DallasNews is noted for its leadership in local news and information publishing in Texas, with a focus on innovative media and marketing solutions.
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