Chronicling the movers and shakers in a growing North TexasBest-selling author Sarah Hepola anchoring coverage with her distinctive voicePersonality-driven profiles for what makes Dallas unique DALLAS, March 05, 2024 (GLOBE NEWSWIRE) -- DallasNews Corporation (NASDAQ:DALN) and The Dallas Morning News are launching a lively, refreshed and modern take on our region's big and diverse personalities. "High Profile," within The News' Arts & Life section, will offer a behind-the-scenes look at the creative, inspir ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commissions 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 organization) (I.R.S. Employer Iden ...

Exhibit 99.1 DallasNews Corporation Announces Fourth Quarter and Full Year 2023 Financial Results DALLAS – 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 quar ...

DALLAS, Feb. 28, 2024 (GLOBE NEWSWIRE) -- DallasNews Corporation (Nasdaq: DALN) said today that it will release fourth quarter and full year 2023 financial results before the market opens on Thursday, March 7, 2024. A conference call will be held on Thursday, March 7, 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 Invest ...

DALLAS, Feb. 28, 2024 (GLOBE NEWSWIRE) -- DallasNews Corporation (NASDAQ:DALN) said today that it will release fourth quarter and full year 2023 financial results before the market opens on Thursday, March 7, 2024. A conference call will be held on Thursday, March 7, 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 Investo ...

DallasNews Corporation (NASDAQ:DALN) Q3 2023 Earnings Conference Call October 24, 2023 10:00 AM ET Company Participants Gary Cobleigh - VP and Controller Katy Murray - President and CFO Grant Moise - CEO Conference Call Participants Chris Mooney - Wedbush Securities Operator Ladies and gentlemen, thank you for standing by. Welcome to the DallasNews Corporation Third Quarter 2023 Investor Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer s ...

PART I [Item 1. Financial Information](index=3&type=section&id=Item%201.%20Financial%20Information) This section presents DallasNews Corporation's unaudited consolidated financial statements as of September 30, 2023, detailing Q3 performance and balance sheet changes [Consolidated Statements of Operations](index=3&type=section&id=Consolidated%20Statements%20of%20Operations) DallasNews reported a Q3 2023 net loss of **$1.4 million** on **$34.5 million** revenue, an improvement from prior year, driven by cost reductions Consolidated Statements of Operations (Q3 & Nine Months Ended Sep 30) | In thousands, except per share amounts | Three Months Ended Sep 30, 2023 | Three Months Ended Sep 30, 2022 | Nine Months Ended Sep 30, 2023 | Nine Months Ended Sep 30, 2022 | | :--- | :--- | :--- | :--- | :--- | | **Total net operating revenue** | $34,499 | $37,688 | $105,713 | $111,548 | | Advertising and marketing services | $14,699 | $17,525 | $46,231 | $51,246 | | Circulation | $16,194 | $16,230 | $48,201 | $48,576 | | **Operating loss** | $(1,614) | $(2,291) | $(5,590) | $(7,047) | | **Net Loss** | $(1,411) | $(2,586) | $(4,905) | $(7,645) | | **Net loss per share (Basic)** | $(0.26) | $(0.48) | $(0.92) | $(1.43) | [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) As of September 30, 2023, total assets decreased to **$66.7 million**, with cash down to **$13.8 million** due to short-term investments Consolidated Balance Sheet Highlights | In thousands | September 30, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Current Assets** | | | | Cash and cash equivalents | $13,782 | $27,825 | | Short-term investments | $10,672 | $0 | | Total current assets | $40,880 | $47,925 | | **Total assets** | **$66,712** | **$72,265** | | **Current Liabilities** | | | | Total current liabilities | $24,799 | $22,759 | | **Total liabilities** | **$61,854** | **$59,902** | | **Total shareholders' equity** | **$4,858** | **$12,363** | [Consolidated Statements of Cash Flows](index=7&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Net cash used for operating activities improved significantly to **$0.1 million** for the nine months ended September 30, 2023, resulting in a **$14.0 million** net cash decrease Cash Flow Summary (Nine Months Ended Sep 30) | In thousands | 2023 | 2022 | | :--- | :--- | :--- | | Net cash used for operating activities | $(114) | $(9,851) | | Net cash provided by (used for) investing activities | $(11,359) | $21,041 | | Net cash used for financing activities | $(2,570) | $(10,598) | | **Net decrease in cash and cash equivalents** | **$(14,043)** | **$592** | | Cash and cash equivalents, beginning of period | $27,825 | $32,439 | | **Cash and cash equivalents, end of period** | **$13,782** | **$33,031** | [Notes to the Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20the%20Consolidated%20Financial%20Statements) Notes detail revenue disaggregation, showing print decline offset by digital growth, and **$19.0 million** in operating lease liabilities - The company operates as a single reportable segment, with the CEO acting as the Chief Operating Decision-Maker (CODM)[25](index=25&type=chunk) Disaggregated Revenue (Nine Months Ended Sep 30) | In thousands | 2023 | 2022 | | :--- | :--- | :--- | | **Advertising and Marketing Services** | | | | Print advertising | $28,672 | $33,082 | | Digital advertising and marketing services | $17,559 | $18,164 | | **Circulation** | | | | Print circulation | $36,489 | $38,863 | | Digital circulation | $11,712 | $9,713 | | **Total Revenue** | **$105,713** | **$111,548** | - A distribution agreement for preprinted advertisements ended on August 31, 2023, leading to the discontinuation of print editions for niche publications Al Dia and Briefing[32](index=32&type=chunk) - The company declared a dividend of **$0.16 per share** on September 21, 2023, payable on December 1, 2023[70](index=70&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=16&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q3 2023 financial results, highlighting an **8.5%** revenue decline offset by improved operating loss due to cost reductions [Results of Operations](index=17&type=section&id=Results%20of%20Operations) Q3 2023 saw an **8.5%** revenue decline to **$34.5 million**, but operating expenses fell **9.7%**, narrowing the operating loss Q3 2023 vs Q3 2022 Revenue and Operating Loss | In thousands | Q3 2023 | Q3 2022 | % Change | | :--- | :--- | :--- | :--- | | Advertising and marketing services | $14,699 | $17,525 | (16.1)% | | Circulation | $16,194 | $16,230 | (0.2)% | | Printing, distribution and other | $3,606 | $3,933 | (8.3)% | | **Total Net Operating Revenue** | **$34,499** | **$37,688** | **(8.5)%** | | **Total Operating Costs and Expense** | **$36,113** | **$39,979** | **(9.7)%** | | **Operating Loss** | **$(1,614)** | **$(2,291)** | **29.6%** | - A distribution agreement for preprinted advertisements was not renewed and ended on August 31, 2023, forecasted to generate approximately **$1 million per month** in revenue[104](index=104&type=chunk) - Digital circulation revenue increased **21.4%** in Q3 2023, driven by a **3.7%** increase in digital-only subscriptions, reflecting a strategic focus on growth[110](index=110&type=chunk) - Operating costs decreased significantly, with other production, distribution, and operating costs down **14.8%** and newsprint costs down **24.6%** in Q3 2023 YoY, primarily due to lower circulation and distribution volumes[115](index=115&type=chunk)[116](index=116&type=chunk)[117](index=117&type=chunk) [Liquidity and Capital Resources](index=22&type=section&id=Liquidity%20and%20Capital%20Resources) Cash and cash equivalents decreased to **$13.8 million** due to **$10.5 million** in CD investments and dividend payments - Cash and cash equivalents decreased from **$27.8 million** at year-end 2022 to **$13.8 million** at September 30, 2023[127](index=127&type=chunk) - In 2023, the Company invested **$10.5 million** in Certificates of Deposit (CDs), classified as short-term investments[127](index=127&type=chunk)[131](index=131&type=chunk) - Net cash used for operating activities for the nine months ended September 30, 2023, was **$114 thousand**, a significant improvement from **$9.851 million** used in the same period of 2022[130](index=130&type=chunk) - The company paid **$2.6 million** in dividends during the first nine months of 2023[132](index=132&type=chunk) [Item 4. Controls and Procedures](index=23&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls and procedures were effective as of September 30, 2023, with no material changes in internal controls - Based on an evaluation as of September 30, 2023, management concluded that the Company's disclosure controls and procedures were effective[140](index=140&type=chunk) - No changes occurred in the Company's internal control over financial reporting during the third fiscal quarter that have materially affected, or are reasonably likely to materially affect, these controls[141](index=141&type=chunk) PART II - Other Information [Item 1. Legal Proceedings](index=24&type=section&id=Item%201.%20Legal%20Proceedings) Management believes current legal proceedings will not materially adversely affect the company's financial condition or results of operations - In the opinion of management, liabilities, if any, arising from currently existing legal claims against the Company would not have a material adverse effect on its financial condition or results of operations[144](index=144&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=24&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No unregistered equity sales occurred in Q3 2023, and the stock repurchase agreement expired, though board authority remains - There were no unregistered sales of the Company's equity securities during the period[145](index=145&type=chunk) - The agreement to repurchase the Company's stock expired and was not renewed, although a board-authorized repurchase authority remains in place[146](index=146&type=chunk) [Item 3. Defaults Upon Senior Securities](index=24&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon senior securities - None[147](index=147&type=chunk) [Item 4. Mine Safety Disclosures](index=24&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - None[148](index=148&type=chunk) [Item 5. Other Information](index=24&type=section&id=Item%205.%20Other%20Information) No other material information was reported for the period - None[149](index=149&type=chunk) [Item 6. Exhibits](index=25&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including SOX certifications from key officers and XBRL data - The report includes certifications from the Principal Executive Officer and Principal Financial Officer pursuant to Section 302 and Section 906 of the Sarbanes-Oxley Act of 2002[153](index=153&type=chunk)[159](index=159&type=chunk)

DallasNews Corporation (NASDAQ:DALN) Q2 2023 Earnings Conference Call July 26, 2023 10:00 AM ET Company Participants Gary Cobleigh - Vice President and Controller Katy Murray - President and Chief Financial Officer Grant Moise - Chief Executive Officer Conference Call Participants Operator Ladies and gentlemen, thank you for standing by. Welcome to the Second Quarter 2023 DallasNews Corporation Investor Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a quest ...

Table of Contents Commission file no. 1-33741 DallasNews CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) P. O. Box 224866, Dallas, Texas 75222-4866 (214) 977-8869 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: June 30, 2023 OR ¨ TRANSIT ...

Financial Data and Key Metrics Changes - On a GAAP basis, the company reported a net loss of $2.6 million or $0.49 per share, and an operating loss of $2.8 million, consistent with the net loss of $2.6 million and operating loss of $2.5 million reported in Q1 last year [16] - Total revenue for the quarter was $35.2 million, down from $36.3 million in the same period last year, primarily due to a $1.4 million or 27.8% reduction in preprint revenue [17] - The adjusted operating loss on a non-GAAP basis was $2.2 million, which is $500,000 greater than the adjusted operating loss of $1.6 million reported for the same period last year [4] Business Line Data and Key Metrics Changes - Print circulation revenue declined by $700,000 or 5.6%, but this was offset by a digital-only subscription increase of $700,000 or 21.9% [5] - Digital-only subscribers increased to 69,050, a 10.7% year-over-year improvement, while total subscribers decreased to 145,369 from 149,117 in Q1 last year [18] - The average newsprint consumption price increased to $824 per metric ton, reflecting a 25% year-over-year increase [19] Market Data and Key Metrics Changes - The company is experiencing increasing pressure on its preprint business, with a significant revenue decline noted in this area [8] - Industry intelligence indicates that newspapers nationwide are facing similar downward pressure on preprint volumes [8] Company Strategy and Development Direction - The company is focused on growing and engaging more deeply with digital readers, with digital audiences on dallasnews.com growing over 14% [21] - The company is building its digital and marketing services line to become a more significant growth engine and a larger proportion of the revenue mix [30] Management's Comments on Operating Environment and Future Outlook - Management noted that the trends in advertising are mixed, with some promising signs in the ROP line in print, which grew under 5% in the quarter and 13% over the past two years [38] - There is optimism regarding a potential decline in newsprint prices in the coming months [19] Other Important Information - As of March 31, the company had cash and short-term investments totaling $25.8 million, which increased to $26 million by April 21 [7] - The company recorded a tax expense of $232,000 for the quarter and expects cash taxes to be approximately $650,000 for the year [7] Q&A Session Summary Question: Is the net income of $362,000 interest income from CDs? - Management clarified that no interest income has been recorded yet on the loan, only accrued interest [23] Question: What are the trends in advertising beyond preprints? - Management indicated that there are promising trends, with the ROP line in print continuing to grow and a slight improvement in advertising prices on the website [38][39] Question: How is the company adapting its content to attract more audience? - Management emphasized a focus on covering news through a North Texas lens, which has contributed to recent growth in the digital audience [47]