The following is a summary of the DallasNews Corporation (DALN) Q1 2024 Earnings Call Transcript:

Financial Performance:

• DallasNews Corporation reported a Q1 net loss of $1.4 million or $0.25 per share, an improvement from a net loss of $2.6 million reported in Q1 2023.

• An operating loss of $1.8 million in Q1 2024, improved from an operating loss of $2.8 million in Q1 2023.

• Total Q1 2024 revenue was $31.1 million compared to $35.2 million last year, influenced by a decrease in print advertising revenue.

• There was a mild increase in circulation revenue by $300,000, including a significant increase in digital-only subscription revenue by $900,000 or 25.2%.

Business Progress:

• Despite a decline in the count of digital-only subscribers by 9.6%, the increase in digital-only subscription revenue suggests successful balancing between volume and price in their business strategy.

• DallasNews Corporation indicates plans to shift its print operations to a smaller facility by 2025, expected to save around $5 million in annual operating expenses.

• Monetizing the North Plant property is part of the financial improvement strategy planned by DallasNews Corporation.

• Addition of the position of Public Editor to their team represents company's attempt to build a stronger bond with their readership base.

More details: DallasNews IR

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