DallasNews Corporation Reports Improved Q4 Earnings Amid Revenue Declines

DallasNews Corporation reported a significant turnaround in its financial performance for Q4 2024, achieving a net income of $4 million, bolstered by a non-cash tax benefit, despite an operating loss of $1.8 million. The company successfully sold its Plano printing facility for $43.5 million, aiding in the resolution of pension liabilities and generating funds for digital investments. Year-over-year, DallasNews saw an increase in digital subscriptions, although total revenue declined from $139.7 million in 2023 to $125.4 million due to challenges in advertising and circulation. The company implemented significant cost-saving measures, including reductions in employee compensation and distribution expenses, which contributed to an operating loss improvement from $8.1 million to $7.1 million. Looking forward, DallasNews aims to enhance its digital assets and improve operational efficiency while navigating the ongoing decline in print media revenue. Overall, the company remains optimistic about its path to sustainable profitability and continues to focus on impactful journalism.