Revenue Performance - Total net operating revenue for Q3 2024 was $31,140, a decrease of 9.7% compared to $34,499 in Q3 2023[90] - Advertising and marketing services revenue decreased by 18.5% to $11,977 in Q3 2024, compared to $14,699 in Q3 2023[91] - Circulation revenue remained relatively stable, with a slight decrease of 0.8% to $16,062 in Q3 2024, compared to $16,194 in Q3 2023[91] - Digital advertising revenue accounted for 38.4% of total revenue in Q3 2024, down from 42.6% in Q3 2023[92] - Circulation revenue represented 51.6% of total revenue in Q3 2024, up from 46.9% in Q3 2023[96] - Total net operating revenue for the three months ended September 30, 2024, was $26,723, a decrease from $30,883 in the same period of 2023, representing a decline of 13.9%[127] Operating Loss and Expenses - The operating loss for Q3 2024 was $4,118, representing a significant increase of 155.1% compared to an operating loss of $1,614 in Q3 2023[91] - Employee compensation and benefits increased by 9.0% to $18,048 in Q3 2024, compared to $16,565 in Q3 2023[91] - Total operating costs and expenses decreased by 2.4% to $35,258 million for the three months ended September 30, 2024, compared to $36,113 million in 2023[121] - Employee compensation and benefits decreased by 8.2% to $10,379 million for the three months ended September 30, 2024, compared to $11,301 million in 2023[121] Severance and Transition Costs - The company recorded severance expenses of $2,982 related to the transition to a smaller printing facility[88] - The company accrued severance of $2,790 for the printing facility transition, which is included in other accrued expenses as of September 30, 2024[134] - The company recorded a severance expense of $2,982 million in the third quarter of 2024, primarily related to the transition to a smaller printing facility[122] - Total company employee headcount decreased by 12.2% to 534 compared to September 30, 2023, primarily due to the Voluntary Severance Program[122] Digital and Print Revenue Trends - Print advertising revenue decreased by 40.5% to $5,404 million for the three months ended September 30, 2024, compared to $9,082 million in 2023[110] - Digital advertising revenue increased by 2.3% to $2,156 million for the three months ended September 30, 2024, compared to $2,108 million in 2023[110] - Print circulation revenue decreased by 4.2% to $11,460 million for the three months ended September 30, 2024, compared to $11,964 million in 2023[115] - Digital circulation revenue increased by 8.8% to $4,602 million for the three months ended September 30, 2024, compared to $4,230 million in 2023[115] Future Plans and Investments - The company plans to transition its printing operations to a smaller facility, expecting annual expense savings of approximately $5,000[87] - The Company expects to make capital investments of approximately $8,000 in a more efficient press and related equipment as part of streamlining its printing operations[133] - The company is actively marketing its Plano facility for sale, which includes land, building, and production assets[88] Tax and Other Income - Other income, net increased by 56.7% to $536 million for the three months ended September 30, 2024, compared to $342 million in the same period of 2023[104] - The income tax provision was $345 million for the three months ended September 30, 2024, up 148.2% from $139 million in 2023[106] Cash Flow - Net cash used for operating activities increased to $2,317 for the nine months ended September 30, 2024, compared to $114 in the prior year, primarily due to severance payments[136] - Net cash provided by investing activities was $5,464 for the nine months ended September 30, 2024, compared to $(11,359) in the same period of 2023[137] Dividend Suspension - The Company has suspended the declaration and payment of dividends until further notice due to required capital investments for the transition of print operations[135]

Financial Performance - In Q3 2024, DallasNews Corporation reported a net loss of $3.9 million, or $(0.73) per share, compared to a net loss of $1.4 million, or $(0.26) per share in Q3 2023[1]. - Total revenue for Q3 2024 was $31.1 million, a decrease of $3.4 million or 9.7% from $34.5 million in Q3 2023[2]. - Advertising and marketing services revenue was $12.0 million, down $2.7 million or 18.5% from $14.7 million in Q3 2023, primarily due to a $3.1 million decline in print advertising revenue[2]. - Circulation revenue decreased slightly to $16.1 million, down $0.1 million or 0.8% from $16.2 million in Q3 2023, with digital-only subscription revenue increasing by $0.4 million or 8.8%[2]. - The operating loss for the three months ended September 30, 2024, was $4,118, compared to a loss of $1,614 in the same period last year, indicating a significant decline[19]. - Adjusted operating income for the TDMN segment was $4,758 for the three months ended September 30, 2024, down from $5,006 in the same period of 2023[20]. Operating Expenses - Total consolidated operating expenses were $35.3 million, an improvement of $0.9 million or 2.4% compared to Q3 2023, driven by savings in distribution and newsprint[3]. - Total operating costs and expenses for the three months ended September 30, 2024, were $35,258, a decrease of 2.4% from $36,113 in the same period of 2023[19]. Employment and Workforce - The company had 534 employees as of September 30, 2024, a decrease of 74 employees or 12.2% compared to the previous year[5]. Cash and Assets - Cash and cash equivalents stood at $14.0 million as of September 30, 2024, with no debt reported[5]. - Total current assets decreased to $29,926 as of September 30, 2024, from $36,933 as of December 31, 2023, reflecting a decline of 19%[19]. - Cash and cash equivalents increased to $13,988 as of September 30, 2024, from $11,697 as of December 31, 2023, representing a growth of 19.6%[19]. Shareholders' Equity and Liabilities - The company reported a total shareholders' equity of $(576) as of September 30, 2024, down from $2,958 as of December 31, 2023, indicating a significant decline[19]. - Total liabilities increased to $62,178 as of September 30, 2024, compared to $59,276 as of December 31, 2023, marking an increase of 4.8%[19]. Strategic Focus - The company is focusing on optimizing subscription volume and pricing, which has ended a 14-month volume decline[2]. - Medium Giant's advertising and marketing services revenue grew by $0.4 million in Q3 2024, despite the termination of the shared mail program[1]. Digital and Print Revenue - Print advertising revenue decreased to $5,404 for the three months ended September 30, 2024, down 40.5% from $9,082 in the prior year[18]. - Digital advertising revenue increased slightly to $2,156, compared to $2,108 in the same period last year, reflecting a growth of 2.3%[18].

DALLAS, Nov. 12, 2024 (GLOBE NEWSWIRE) -- DallasNews Corporation (Nasdaq: DALN) (the “Company”) today reported a third quarter 2024 net loss of $3.9 million, or $(0.73) per share, and an operating loss of $4.1 million. In the third quarter of 2023, the Company reported a net loss of $1.4 million, or $(0.26) per share, and an operating loss of $1.6 million. The third quarter 2024 net loss includes severance expense of $3.0 million, primarily due to the Company’s anticipated headcount reductions related to th ...

DALLAS, Nov. 06, 2024 (GLOBE NEWSWIRE) -- DallasNews Corporation (Nasdaq: DALN) said today that it will release third quarter 2024 financial results before the market opens on Wednesday, November 13, 2024. A conference call will be held on Thursday, November 14, 2024, at 9:00 a.m. CST. The conference call will be simultaneously webcast on DallasNews Corporation’s website at investor.dallasnewscorporation.com/events. An archive of the webcast will be available at dallasnewscorporation.com in the Investor Re ...

Thousands of North Texans polled; results drive pre-election coverage Full third of registered Dallas County voters did not vote in 2020 election Tools aimed at enhancing voter engagement DALLAS, Sept. 24, 2024 (GLOBE NEWSWIRE) -- In the next week, The Dallas Morning News will introduce two significant initiatives designed to provide North Texans with the most complete and quality journalism to inform and guide voters in the weeks leading up to the November 2024 general election. 'Back to the Ballot' Tool D ...

DallasNews Corporation (NASDAQ:DALN) Q2 2024 Earnings Conference Call July 31, 2024 10:00 AM ET Company Participants Gary Cobleigh - VP and Controller Cathy Collins - CFO Katy Murray - President Grant Moise - CEO Conference Call Participants Rohan Gilmore - Unidentified Company John Wagner - Unidentified Company Barry Blank - Unidentified Company Operator Ladies and gentlemen, thank you for standing by, and welcome to the DallasNews Corporation Investor Q2 Earnings Call. This call is being recorded and a re ...

DallasNews Corporation Second Quarter 2024 on Form 10-Q 17 Table of Contents The Company's advertising revenue from its newspaper continues to be adversely affected by the shift of advertiser spending to other forms of media and the increased accessibility of free online news content, as well as news content from other sources, which also adversely affects paid print circulation volumes and revenue. In addition, preprint advertising continues to experience a secular decline across the industry and may event ...

Exhibit 99.1 elus corporation Second Quarter Results Total revenue was $32.1 million in the second quarter of 2024, a decrease of $4.0 million or 11.0 percent when compared to the second quarter of 2023. Revenue from advertising and marketing services, including print and digital revenues, was $12.8 million in the second quarter of 2024, a decrease of $3.4 million or 21.2 percent when compared to the $16.2 million reported for the second quarter of 2023. The decline is primarily due to a $3.9 million decrea ...

DALLAS, July 30, 2024 (GLOBE NEWSWIRE) -- DallasNews Corporation (Nasdaq: DALN) (the "Company") today reported second quarter 2024 net income of $1.5 million, or $0.27 per share, and operating income of $0.6 million. In the second quarter of 2023, the Company reported a net loss of $0.9 million, or $(0.16) per share, and an operating loss of $1.2 million. Grant Moise, Chief Executive Officer, said, "The second quarter showed positive year-over-year financial performance due to disciplined expense management ...

DALLAS, July 23, 2024 (GLOBE NEWSWIRE) -- DallasNews Corporation (Nasdaq: DALN) said today that it will release second quarter 2024 financial results before the market opens on Wednesday, July 31, 2024. A conference call will be held on Wednesday, July 31, 2024, at 9:00 a.m. CDT. The conference call will be simultaneously webcast on DallasNews Corporation's website at investor.dallasnewscorporation.com/events. An archive of the webcast will be available at dallasnewscorporation.com in the Investor Relations ...