Dallasnews Corporation Stock Price, News & Analysis

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.

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.