DallasNews Corporation reported a significant decline in its financial performance for the second quarter of 2025, as detailed in its latest 10-Q filing. The company recorded total net operating revenue of $29.8 million for the three months ended June 30, 2025, a decrease of 7.2% compared to $32.1 million in the same period of 2024. For the first half of 2025, revenue totaled $58.9 million, down 6.8% from $63.2 million in the prior year. The decline was attributed to decreases in advertising and marketing services, circulation, and printing and distribution revenues, which fell by 3.8%, 5.7%, and 28.9%, respectively.
In terms of profitability, DallasNews reported an operating income of $1.3 million for the second quarter, a 122.4% increase from the $568,000 recorded in the same quarter of 2024. However, the company experienced a net loss of $33.5 million for the quarter, compared to a net income of $1.5 million in the prior year. This loss was primarily driven by a non-cash pension settlement charge of $35.3 million related to the annuitization of its pension obligations. The company’s basic and diluted loss per share for the quarter was $(6.26), compared to earnings of $0.27 per share in the previous year.
Operationally, DallasNews has undergone significant changes, including a reduction in employee headcount, which decreased by 15.4% to 451 employees as of June 30, 2025. This reduction was part of a strategic shift to a smaller, more efficient printing facility. The company also reported a net gain of $36.3 million from the sale of its Plano printing facility, which was completed in March 2025. The proceeds from this sale were used to fund pension liabilities and support ongoing operations.
Looking ahead, DallasNews is navigating a challenging market environment characterized by declining print circulation and advertising revenues. The company has initiated a merger agreement with Hearst Media West, LLC, which is expected to close in the third or early fourth quarter of 2025, subject to shareholder approval and other customary conditions. The merger aims to enhance operational efficiencies and expand the company’s market presence. Despite the current financial challenges, DallasNews is focused on leveraging its digital platforms and agency capabilities to drive future growth and improve financial performance.
About DallasNews Corp
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