Plano Printing Facility Sale
DallasNews Corporation reported a net income of $28.3 million, significantly driven by a net gain of $36.2 million from the sale of the Plano printing facility, which strengthened the balance sheet.
Pension Plan Fully Funded
The company successfully fully funded its pension plan using approximately $10 million of company funds, securing retirement benefits for employees and eliminating the last source of debt.
Digital Subscriptions Growth
Digital-only subscriptions increased by 4.2% compared to March of last year, and the implementation of a dynamic paywall resulted in a 16% lift in subscription starts.
Medium Giant Agency Performance
The Medium Giant agency reported an operating income increase of $600,000 year-over-year, with larger, more profitable accounts contributing to margin improvements.