Significant Net Income Improvement
DallasNews Corporation reported a net income of $28.3 million compared to a net loss of $1.4 million in the first quarter of the previous year. This improvement includes a net gain of $36.2 million from the sale of the Plano printing facility.
Pension Plan Fully Funded
The company utilized approximately $10 million of company funds along with $132 million in plan assets to purchase an annuity contract, fully funding its pension obligations.
Digital Subscription Growth
Digital only subscriptions grew by 4.2% year-over-year, with a notable 16% lift in starts due to the implementation of a new dynamic paywall.
Medium Giant Agency Profitability
The agency saw an operating income increase of $600,000 due to a focus on larger, more profitable accounts and disciplined expense management.