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 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 ...

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 ...

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 ...

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]

Financial Performance - Total net operating revenue for the three months ended March 31, 2021, was $40,343, a decrease of 8.7% compared to $44,155 in 2020[104]. - For the three months ended March 31, 2021, the company reported a net loss of $2,765, leading to an increase in cash used for operating activities to $2,865 compared to $2,594 in the same period of 2020, an increase of $271[149]. - The income tax provision for the three months ended March 31, 2021, was $319, compared to a benefit of $(1,787) in 2020, reflecting an effective income tax rate of (13.0)% in 2021 versus 52.4% in 2020[133]. Revenue Breakdown - Advertising and marketing services revenue decreased by 13.2% to $16,769 in Q1 2021 from $19,327 in Q1 2020, with print advertising down 12.3% and digital advertising down 15.1%[111]. - Circulation revenue decreased by 2.4% to $16,022 in Q1 2021 from $16,414 in Q1 2020, with print circulation down 6.9% and digital circulation up 46.5%[117]. - Digital subscriptions increased by 29.2% compared to March 31, 2020, driven by heightened interest in news topics related to the COVID-19 pandemic[121]. Cost Management - Total operating costs and expenses decreased by 10.2% to $40,515 in Q1 2021 from $45,103 in Q1 2020, primarily due to reductions in employee compensation and other discretionary spending[125]. - Employee compensation and benefits decreased by 5.6% to $17,947 in Q1 2021, reflecting a headcount reduction of 75 since March 31, 2020[125]. - Newsprint, ink, and other supplies expense decreased by 28.4% to $2,341 in Q1 2021, attributed to lower circulation volumes and competitive pricing[127]. - The company has implemented cost-saving measures in response to the financial impact of the COVID-19 pandemic, including reductions in outside services and travel expenses[126]. Cash Flow and Investments - The company recorded net cash used for investing activities of $162 for the three months ended March 31, 2021, down from $385 in the same period of 2020, primarily due to reduced capital spending[150]. - Net cash used for financing activities was $856 for the three months ended March 31, 2021, compared to $1,713 in 2020, all attributable to dividend payments[151]. - As of March 31, 2021, the company's cash balances were $38,132, down from $42,015 as of December 31, 2020[137]. - The company plans to hold the majority of existing cash for future investment opportunities and potential return of capital to shareholders, despite expected revenue declines[138]. Tax and Regulatory Matters - The company expects to recognize a tax benefit of approximately $2,575 within the next six months from the release of a federal uncertain tax reserve[133]. - The company has benefited from the CARES Act, resulting in additional tax depreciation of $1,017 and a cash refund of $2,425 received in October 2020[141]. - The company signed a non-binding Memorandum of Understanding to extend the due date of a $22,400 promissory note, with a one-year extension expected[144]. Strategic Initiatives - The company continues to diversify its revenue base by leveraging existing assets for print and distribution services and introducing new advertising products[108]. - The company maintains a focus on digital strategies to enhance engagement and increase digital subscriptions amid declining print circulation[109]. - The company declared a dividend of $0.04 per share, payable on June 4, 2021, to shareholders of record as of May 14, 2021[154].

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) | --- | --- | --- | --- | |-------------------------------------------------------------------------- ...

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 ...

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. ...

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 ...