Company Overview - DallasNews Corporation is the holding company for The Dallas Morning News and Medium Giant, based in Dallas [3] - The Dallas Morning News is recognized as Texas' leading daily newspaper, known for its strong journalistic reputation and community ties, having won nine Pulitzer Prizes [3] - Medium Giant is an integrated creative marketing agency that has received multiple industry awards, including the AAF Addy and AMA DFW Annual Marketer of the Year Award for Campaign of the Year in 2024 [4] Upcoming Financial Results - DallasNews Corporation will release its first quarter 2025 financial results before the market opens on May 1, 2025 [1] - A conference call to discuss the financial results will take place on May 1, 2025, at 9:00 a.m. CDT [1] - The conference call will be available via webcast on the company's investor relations website, with an archive accessible afterward [2]

Financial Data and Key Metrics Changes - For Q4 2024, Dallas News Corporation reported a net income of $4 million or $0.74 per share, compared to a net loss of $2.2 million in Q4 2023 [6] - The total revenue for Q4 2024 was $31.1 million, down from $34 million in Q4 2023, marking a decline in advertising and marketing services revenue by $1.3 million [6][7] - For the full year 2024, the company reported a net income of $131,000 or $0.02 per share, compared to a net loss of $7.1 million in 2023 [8] - Total revenue for the year was $125.4 million, down from $139.7 million in 2023, reflecting a decline of $14.3 million [8][9] Business Line Data and Key Metrics Changes - Advertising and marketing services revenue decreased by $11.1 million or 18.9% year-over-year, with print advertising revenue declining by $10.7 million due to discontinued product lines [9] - Circulation revenue decreased by $500,000, driven by a decline in print circulation, although digital-only circulation revenue increased [9][10] - Total adjusted operating expenses for Q4 2024 were $32.4 million, an improvement of $1 million compared to the same period last year [7] Market Data and Key Metrics Changes - The average newsprint industry cost per metric ton decreased to $637 from $687 in 2023, a reduction of 7.3% [11] - As of December 31, 2024, the company had 64,334 digital-only subscribers, an increase of 1,334 or 2.1% compared to the previous year [9] Company Strategy and Development Direction - The company has transitioned its print operations to a smaller, more efficient facility, generating over $5 million in annualized expense savings starting in 2025 [15] - The sale of the Plano property for $43.5 million has strengthened the balance sheet and allowed the company to fully fund its pension plan [15][16] - The focus for 2025 includes enhancing digital products, growing digital subscriptions, and maintaining high-quality journalism [24] Management's Comments on Operating Environment and Future Outlook - Management noted that print advertising revenue has shown volatility, particularly in classified revenue, but expressed optimism for recovery in early 2025 [30] - The company is implementing new AI technology for its paywall to improve digital subscription growth, although initial results may be affected by market conditions [36] - Management emphasized the importance of stabilizing the digital audience before expanding the digital product portfolio [19] Other Important Information - The company recorded a non-cash tax benefit of $5 million due to a reduction in the valuation allowance, which is expected to offset gains from the sale of the Plano property [8][12] - As of March 17, 2025, cash and short-term investments were reported at $47 million [12] Q&A Session Summary Question: What led to the substantial decrease in print advertising? - Management indicated that print advertising is volatile, with less than 10% on annual contracts, and noted a significant drop in classified revenue in Q4 2024 [28][30] Question: Can you provide total operating expenses related to the Plano separation plan? - Management stated that detailed expenses would be clearer in the first quarter of 2025, with substantial savings expected from the transition [31][34] Question: What are the expected after-tax proceeds from the asset sale? - The expected net proceeds from the sale of the Plano property are approximately $39 million after taxes and sales costs [41][62] Question: What will be the capital expenditure requirements going forward? - Management indicated that capital expenditures would be minimal after the first quarter, estimating around $250,000 to $500,000 per quarter [45][59] Question: Are digital margins improving? - Management confirmed that digital margins are strong and improving, particularly with the addition of video content, which commands higher advertising rates [68][70]

Lee Enterprises (LEE) Q1 2025 Earnings Call February 06, 2025 10:00 AM ET Company Participants Jared Marks - Vice President, FinanceKevin Mowbray - President and Chief Executive OfficerLes Ottolenghi - Chief Transformation & Commercial OfficerTimothy Millage - Vice President, Chief Financial Officer and Treasurer Conference Call Participants Daniel Harriman - Analyst Operator Welcome to the Li Enterprises twenty twenty five First Quarter Webcast and Conference Call. The call is being recorded and will be av ...