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DallasNews (DALN) - 2021 Q4 - Annual Report
2022-03-06 16:00
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, 2021 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commissions file no. 1-33741 The Dallas Morning News DallasNews CORPORATION (Exact name of registrant as specified in its charter) Texas 38-3765318 (State or other jurisdiction of incorporation or organizatio ...
DallasNews (DALN) - 2021 Q3 - Earnings Call Transcript
2021-10-26 17:16
DallasNews Corporation (NASDAQ:DALN) Q3 2021 Results Earnings Conference Call October 26, 2021 10:00 AM ET Company Participants Gary Cobleigh - Director of Financial Planning, Controller Katy Murray - Executive Vice President, Chief Financial Officer, Treasurer Robert Decherd - Chairman, President, Chief Executive Officer Grant Moise - President and Publisher of The Dallas Morning News Conference Call Participants Chris Mooney - Wedbush Securities Operator Ladies and gentlemen, thank you for standing by. We ...
DallasNews (DALN) - 2021 Q3 - Quarterly Report
2021-10-24 16:00
Table of Contents 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: September 30, 2021 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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 organ ...
DallasNews (DALN) - 2021 Q2 - Quarterly Report
2021-07-25 16:00
Table of Contents 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, 2021 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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 organizati ...
DallasNews (DALN) - 2021 Q1 - Earnings Call Transcript
2021-04-27 17:36
Financial Data and Key Metrics Changes - A.H. Belo reported a first quarter 2021 net loss of $2.8 million or $0.13 per share, compared to a net loss of $1.6 million or $0.08 per share in the first quarter of 2020 [6] - Total GAAP revenue for Q1 2021 was $36.8 million, a decrease of $3.5 million or 8.7% from $40.3 million in Q1 2020 [8] - Adjusted operating loss improved to $2.4 million, a reduction of $400,000 or 14.4% from the adjusted operating loss of $2.8 million in the prior year [7] Business Line Data and Key Metrics Changes - Digital circulation revenue increased to $2 million, up $600,000 or 46.5% year-over-year, with paid digital-only subscriptions rising to 50,852, an increase of 11,493 or 29.2% [9] - Print circulation revenue decreased to $14 million, down $1 million or 6.9% compared to the previous year, with home delivery revenue declining only 4.3% [10] - Other revenue fell to $4 million from $4.6 million, primarily due to a $600,000 decrease in commercial printing and distribution revenue [11] Market Data and Key Metrics Changes - The company experienced a decline in both print and digital advertising revenue, with print advertising down approximately $1.6 million and digital advertising down $1 million due to the COVID-19 pandemic [8] - Print advertising revenue has shown signs of returning to pre-pandemic levels, while digital advertising is rebounding quickly, particularly in search and programmatic advertising [39] Company Strategy and Development Direction - The company is focusing on transitioning to a digital-first model while maintaining cash flow from traditional revenue sources [17][18] - A voluntary severance offer (VSO) has been introduced to adjust the expense structure in line with the company's new size and focus [18][30] - The company aims to cover newsroom costs through digital subscriptions, targeting a $15 million revenue mark from digital subscriptions [26] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the return of advertisers and the stability in home delivery, which supports confidence in maintaining cash flows [17] - The company is focused on managing the balance between legacy revenue and digital growth, emphasizing the importance of pricing strategies [17][27] - The pension plan is well-funded at 94%, providing stability amid market volatility [20] Other Important Information - The company has no mandatory pension payments for the next 10 years and is currently debt-free with cash and cash equivalents of $39 million [13] - A memorandum of understanding has been signed with Charter Holdings regarding the extension of a note payable, which could generate approximately $1 million in additional interest income [13] Q&A Session Summary Question: What level of subscriber is needed to reach breakeven cash flow? - Management indicated that the goal is to cover newsroom costs of approximately $15 million through digital subscriptions, with both volume and pricing being critical factors [25][26] Question: Can you provide details on the voluntary severance offer (VSO)? - The VSO is voluntary and targets shared service back-office areas, with no specific target for the number of participants [30][32] Question: Are you receiving payments from Facebook or Google? - The company is receiving payments from Facebook as part of a revenue share agreement but not from Google [34] Question: What is the CapEx budget for this year? - The CapEx budget is less than $1 million, focusing on necessary replacements rather than significant new investments [55] Question: How do you drive higher conversion from social media followers to paid subscribers? - The company is utilizing social media and email strategies to capture leads and convert them into paying subscribers, with a focus on building relationships through email acquisition [49][51]
DallasNews (DALN) - 2021 Q1 - Quarterly Report
2021-04-25 16:00
Table of Contents 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, 2021 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file no. 1-33741 A. H. Belo Corporation (Exact name of registrant as specified in its charter) Texas 38-3765318 (State or other jurisdiction of incorporation or organizat ...
DallasNews (DALN) - 2020 Q4 - Annual Report
2021-03-10 16:00
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, 2020 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commissions file no. 1-33741 A. H. Belo Corporation (Exact name of registrant as specified in its charter) | --- | --- | --- | --- | |-------------------------------------------------------------------------- ...
DallasNews (DALN) - 2020 Q4 - Earnings Call Transcript
2021-03-09 20:58
A. H. Belo Corporation (AHC) Q4 2020 Earnings Conference Call March 9, 2021 10:00 AM ET Company Participants Katy Murray - Chief Financial Officer Robert Decherd - Chairman, President & Chief Executive Officer Grant Moise - Publisher & President-Dallas Morning News Conference Call Participants Chris Mooney - Wedbush Bill Nasgovitz - Heartland Advisors Operator Ladies and gentlemen, thank you for standing by. Welcome to the Fourth Quarter and Full Year 2020 Financial Results Conference Call. At this time, al ...
DallasNews (DALN) - 2020 Q3 - Earnings Call Transcript
2020-10-27 19:55
A. H. Belo Corporation (AHC) Q3 2020 Earnings Conference Call October 27, 2020 10:00 AM ET Company Participants Katy Murray – Chief Financial Officer Robert Decherd – Chairman, President and Chief Executive Officer Grant Moise – Publisher and President-Dallas Morning News Conference Call Participants Chris Mooney – Wedbush Operator Ladies and gentlemen, thank you for standing by, and welcome to the A. H. Belo Third Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. ...
DallasNews (DALN) - 2020 Q3 - Quarterly Report
2020-10-26 20:58
Table of Contents 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: September 30, 2020 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file no. 1-33741 A. H. Belo Corporation (Exact name of registrant as specified in its charter) Texas 38-3765318 (State or other jurisdiction of incorporation or organ ...