Schedule 13G/A: 151,120 Shares (3.19%) Reported for DALN

Rhea-AI Filing Summary

Denver J. Smith, CRC Founders Fund, LP and Carlson Ridge Capital, LLC reported beneficial ownership of 151,120 shares of DallasNews Corp Series A common stock, representing 3.19% of the class. The filing is an Amendment No. 1 to a Schedule 13G and identifies the reporting parties and their addresses. Each reporting person reports sole voting and sole dispositive power over the 151,120 shares. The filing states the holdings were not acquired to change or influence control of the issuer and references an exhibit filed with an earlier Schedule 13G dated November 11, 2024.

Insights

Securities Analyst

TL;DR: A 3.19% beneficial stake disclosed by an investor group; below the 5% threshold for presumptive activist concern.

The Schedule 13G/A shows Denver J. Smith and affiliated investment vehicles hold 151,120 shares, equal to 3.19% of DallasNews Corp's Series A common stock, with sole voting and dispositive power reported. As a filing under the 13G framework (amendment), the reporting parties assert passive intent and state the shares were not acquired to influence control. Because the position is under 5%, it is typically treated as non-activist disclosure and is unlikely, on its face, to trigger governance or control actions.

Corporate Governance Expert

TL;DR: Disclosure is complete for a passive holder; no group-control or >5% ownership implications noted.

The submitted Schedule 13G/A identifies the reporting persons, citizenship, addresses, CUSIP (235050101), and certifies sole voting and dispositive power over 151,120 shares (3.19%). The statement includes the certification that the securities were not acquired to change control and references exhibit 99.1 from the initial SC13G filed November 11, 2024. There is no indication in this amendment of any change in intent or formation of an activist group.

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Accepted by SEC EDGAR 08/14/2025 - 04:09 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

DallasNews Corp

(Name of Issuer)

Series A Common Stock - $.01 Par Value Per Share

(Title of Class of Securities)

235050101

(CUSIP Number)

08/06/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 235050101

1

Names of Reporting Persons

Denver J. Smith

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 151,120.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 151,120.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

151,120.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.19 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

CUSIP No. 235050101

1

Names of Reporting Persons

CRC Founders Fund, LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 151,120.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 151,120.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

151,120.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.19 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 235050101

1

Names of Reporting Persons

Carlson Ridge Capital, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 151,120.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 151,120.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

151,120.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.19 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: DallasNews Corp
(b)	Address of issuer's principal executive offices: P.O. Box 224866, Dallas, Texas, 75222-4866
Item 2.
(a)	Name of person filing: Denver J. Smith CRC Founders Fund, LP Carlson Ridge Capital, LLC
(b)	Address or principal business office or, if none, residence: CRC Founders Fund, LP, and Carlson Ridge Capital, LLC are both located at 1528 Wazee Street, Denver, CO 80202. Denver J. Smith's residence is located at 350 S Race Street, Denver, CO 80209.
(c)	Citizenship: CRC Founders Fund, LP, and Carlson Ridge Capital, LLC are organized under the laws of the state of Delaware. Mr. Smith is a citizen of the United States of America.
(d)	Title of class of securities: Series A Common Stock - $.01 Par Value Per Share
(e)	CUSIP No.: 235050101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 151,120 shares
(b)	Percent of class: 3.19%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See pages 2-4 for each reporting person
	(ii) Shared power to vote or to direct the vote: See pages 2-4 for each reporting person
	(iii) Sole power to dispose or to direct the disposition of: See pages 2-4 for each reporting person
	(iv) Shared power to dispose or to direct the disposition of: See pages 2-4 for each reporting person
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. See exhibit 99.1 filed with filing persons initial SC13G on November 11th, 2024.
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Denver J. Smith

Signature:	/s/ Denver J. Smith
Name/Title:	Self
Date:	08/12/2025

CRC Founders Fund, LP

Signature:	/s/ Denver J. Smith
Name/Title:	Managing Member
Date:	08/12/2025

Carlson Ridge Capital, LLC

Signature:	/s/ Denver J. Smith
Name/Title:	Managing Member
Date:	08/12/2025