Dallasnews Corporation Stock Price, News & Analysis

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.

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.