DallasNews Corporation (NASDAQ:DALN) Q1 2024 Earnings Call Transcript May 16, 2024 10:00 AM ET Company Participants Gary Cobleigh - VP and Controller Katy Murray - President Grant Moise - CEO Operator Ladies and gentlemen, thank you for standing by, and welcome to the DallasNews Corporation's Earnings Conference Call. At this time all participants are in a listen-only mode. Later, we will conduct a question-and-answer and instructions will be given at that time. [Operator Instructions] As a reminder, your c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2024 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents Commission file no. 1-33741 DallasNews CORPORATION (Exact name of registrant as specified in its charter) Texas 38-3765318 (State or other jurisdiction of incorporation or organizat ...

Exhibit 99.1 DallasNews Corporation Announces First Quarter 2024 Financial Results DALLAS – DallasNews Corporation (Nasdaq: DALN) (the "Company") today reported a first quarter 2024 net loss of $1.4 million, or $(0.25) per share, and an operating loss of $1.8 million. In the first quarter of 2023, the Company reported a net loss of $2.6 million, or $(0.49) per share, and an operating loss of $2.8 million. DallasNews Corporation Announces First Quarter 2024 Financial Results May 15, 2024 Page 3 For the first ...

Relocation of North Texas Print Operations Key Decision in the Company's Return to Growth Plan Dividend Suspension DALLAS, May 14, 2024 (GLOBE NEWSWIRE) -- DallasNews Corporation (NASDAQ:DALN) (the "Company"), the parent company of The Dallas Morning News, announced today a plan to relocate and optimize its print operations currently located in Plano, Texas. The Company will streamline its printing operations into a smaller, leased facility in Carrollton, Texas, and make capital investments in more efficien ...

The series includes personal stories from several Texas drivers, each with their own costs, hardships and uneven customer service. Meet a cardiac patient whose trips to rehab became cost-prohibitive from receiving regular care. The Tarrant County District Clerk and his fight to get refunded after fraudulent charges. And a driver who's opting into sitting through traffic instead of paying up to $22 for a one-way trip. About DallasNews Corporation North Texas leads the way with tolled facilities Confusion, su ...

DALLAS, April 30, 2024 (GLOBE NEWSWIRE) -- DallasNews Corporation (NASDAQ:DALN) and The Dallas Morning News announced today a bold initiative to provide subscribers and readers enhanced insight into the newspaper's award-winning journalism. Designed to expand trust and confidence in The News' journalistic offerings, these changes bolster the paper's commitment to transparency and its mission to deliver accurate and impactful news coverage for North Texas. Initiative ElementsBeginning May 1, 2024, Stephen Bu ...

DALLAS, April 01, 2024 (GLOBE NEWSWIRE) -- DallasNews Corporation (NASDAQ:DALN) and The Dallas Morning News are preparing for comprehensive and real-time reporting across all platforms before, during and after the April 8 total eclipse. The News' team of reporters and photographers will fan out across the region to capture the people, stories, intrigue and reaction to the truly once-in-a-lifetime event. "Many of us in North Texas know we're in the prime location for viewing the four-plus minutes of total so ...

DALLAS, March 18, 2024 (GLOBE NEWSWIRE) -- DallasNews Corporation (NASDAQ:DALN) announced today that Cathy Collins had been promoted to Chief Financial Officer effective March 18, 2024, reporting to Katy Murray, President of DallasNews Corporation. Over the last six years, Cathy has served in multiple progressive finance leadership roles. Prior to joining the Company, Cathy worked for 16 years with ALM Media as Controller for seven years and regional publisher for nine years. Katy Murray shared the followin ...

Financial Data and Key Metrics Changes - On a non-GAAP basis for Q4 2023, the company reported adjusted operating income of $600,000, an improvement of $1.6 million compared to an adjusted operating loss of $1 million for the same period last year, primarily due to expense savings of $6.7 million [8] - For the full year 2023, the company reported an adjusted operating loss of $2.7 million, an improvement of $2.6 million compared to an adjusted operating loss of $5.3 million in 2022, driven by expense savings of $13.5 million [10][28] - The company reported a net loss of $2.2 million or $0.41 per share for Q4 2023, compared to a net loss of $2.1 million in Q4 2022 [25] Business Line Data and Key Metrics Changes - Core print advertising revenue declined by 5.1% year-over-year, while circulation revenue increased by $500,000, aided by single-copy sales related to the Texas Rangers' World Series win [9] - Digital-only subscription revenue increased by $1.2 million or 34.1%, partially offset by a print circulation decline of $600,000 or 4.8% [9] - Digital advertising and marketing services revenue declined by $900,000 or 3.5%, primarily due to a decrease in marketing services revenue [11] Market Data and Key Metrics Changes - As of December 31, 2023, the company had 63,000 digital-only subscribers, a decrease of 5,010 or 7.4% compared to the previous year [30] - Total subscribers, including home delivery and digital, were 132,694 as of December 31, down from 146,583 a year earlier [30] - Newsprint inventory cost per metric ton decreased to $687 from $829 in 2022, a reduction of 17.1% [32] Company Strategy and Development Direction - The company is focused on enhancing its digital product offerings and building new digital products to reach new audiences, with the recent addition of a Chief Product and Innovation Officer [35] - The decision to exit the shared mail business was made to align with advertiser preferences, reflecting a disciplined approach to managing the decline of the print business [18] Management's Comments on Operating Environment and Future Outlook - Management expressed satisfaction with the progress made in improving adjusted operating income and highlighted the importance of exceptional journalism and digital subscription revenue growth [16] - The company remains optimistic about its balance sheet and is encouraged by early signs in 2024 [14] Other Important Information - The company recorded $464,000 of tax expense for the year and expects cash taxes to be approximately $580,000 in 2024 [33] - As of December 31, 2023, the company had $54.2 million in federal net operating loss carryforwards [33] Q&A Session Summary - The Q&A session concluded without specific questions being documented in the provided content [36]

DALLAS, March 06, 2024 (GLOBE NEWSWIRE) -- DallasNews Corporation (NASDAQ:DALN) today reported a fourth quarter 2023 net loss of $2.2 million, or $(0.41) per share, and an operating loss of $2.5 million, which includes expense of $2.7 million related to the Voluntary Severance Program. In the fourth quarter of 2022, the Company reported a net loss of $2.1 million, or $(0.40) per share, and an operating loss of $1.9 million. For the fourth quarter of 2023, on a non-GAAP basis, DallasNews reported operating i ...