{"id":783820,"date":"2023-09-13T12:46:56","date_gmt":"2023-09-13T16:46:56","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/dallasnews-corporation-continues-to-enhance-strategy-of-sustained-profitability-and-growth\/"},"modified":"2023-09-13T12:46:56","modified_gmt":"2023-09-13T16:46:56","slug":"dallasnews-corporation-continues-to-enhance-strategy-of-sustained-profitability-and-growth","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/dallasnews-corporation-continues-to-enhance-strategy-of-sustained-profitability-and-growth\/","title":{"rendered":"DallasNews Corporation Continues to Enhance Strategy of\u00a0Sustained Profitability and Growth"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">\n        <em>Implementing Limited Voluntary Staff Reductions<br \/><\/em><br \/>\n        <em>Focusing Newsgathering on a Rapidly Growing Region<\/em>\n      <\/p>\n<p align=\"left\">DALLAS, Sept.  13, 2023  (GLOBE NEWSWIRE) &#8212; DallasNews Corporation (Nasdaq: DALN), the parent company of <em>The\u00a0Dallas\u00a0Morning\u00a0News<\/em> and Medium Giant, its media and marketing agency, is taking another step in its path toward becoming a sustainably profitable enterprise. In June 2023, the Company announced it was exiting an unprofitable business partnership which allowed the Company to concentrate on its strongest and most promising areas of revenue growth.<\/p>\n<p align=\"left\">Today, the Company is announcing a limited voluntary staff reduction program that will be offered across all departments to eligible individuals at <em>The\u00a0News<\/em> and Medium Giant. Though the exact number of people who will take the option is unknown, it is expected that this could ultimately reduce the total workforce by about 6\u00a0percent, or 40 full-time and part-time positions.<\/p>\n<p align=\"left\">This will still allow the news department the resources to maintain the same comprehensive coverage throughout Texas while helping to reduce overall headcount and non-headcount expenses. Throughout its 180-year history, the Company has evolved in parallel with the city, region, and state it covers. Today\u2019s announcement allows for a dynamic, modern model to maintain and uphold that journalistic responsibility while re-investing in key areas across the organization.<\/p>\n<p align=\"left\">\u201cLike any business, DallasNews Corporation must achieve profitability to be a healthy and sustainable organization,\u201d said Grant Moise, the Company\u2019s Chief Executive Officer and publisher of <em>The\u00a0News<\/em>. \u201cWhile we will be parting with some who have been with us for many years, I hope this program will provide a helpful bridge to their next chapter. We are genuinely appreciative of their fine work.\u201d<\/p>\n<p align=\"left\">\n        <strong><br \/>\n          <u>About DallasNews Corporation<\/u><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"left\">DallasNews Corporation is the Dallas-based holding company of <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=2Jnd1jkZForC3l8-6wzP7zUr6S4Uidry02cHm4gBfnTeu47f8KJgfVzS6ghLJ0DupYcxdNzCislJmDgzkkoF19WND2m4twGDc5BpRy7uR2Y=\" rel=\"nofollow noopener\" target=\"_blank\"><em>The\u00a0Dallas\u00a0Morning\u00a0News<\/em><\/a> and <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Y1Gp3RaK-Tu-uJukF-DuLpSoDyTliQ4_w4AfrdugGm1pklMGfeCZDvgAC0IQnERol-3rhS3uv37HFY2Dt8QH9w==\" rel=\"nofollow noopener\" target=\"_blank\">Medium Giant<\/a>. <em>The\u00a0Dallas\u00a0Morning\u00a0News<\/em> is Texas\u2019 leading daily newspaper with a strong journalistic reputation, intense regional focus and close community ties. Medium Giant is a media and marketing agency of divergent thinkers who devise strategies that deepen connections, expand influence, and scale success for clients nationwide. For additional information, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=OR3uoNdPaeqxSNMQpG0a7IRfLWv7I1M1_Z4ZvQQG9rduS5tboCfdtHiK_5ckEaQNleWksIKCEDBLh9I6_iw_KpcmUfpOdHtMxe9TJO_hXewoDShXCTC1mipLeeygaKb4\" rel=\"nofollow noopener\" target=\"_blank\">dallasnewscorporation.com<\/a> or email <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cXxz5XQ-cdDIbMu0dOvwFkNDH-vem5VUi_z-kBo_wnxrOFy0j4-L-H4AL4ZCGja1jT2eXAJK1tkLuV2x0L87RxB_5YONMfwMSzsBYhkIPPQ=\" rel=\"nofollow noopener\" target=\"_blank\">invest@dallasnews.com<\/a>.\u00a0<\/p>\n<p align=\"left\">\n        <em>Statements in this communication concerning DallasNews Corporation\u2019s (the \u201cCompany\u201d) business outlook or future economic performance, revenues, expenses, cash balance, investments and other financial and\u00a0non-financial\u00a0items that are not historical facts are \u201cforward-looking statements\u201d as the term is defined under applicable federal securities laws. Words such as \u201canticipate,\u201d \u201cassume,\u201d \u201cbelieve,\u201d \u201ccan,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cforecast,\u201d \u201cintend,\u201d \u201cexpect,\u201d \u201cmay,\u201d \u201cproject,\u201d \u201cplan,\u201d \u201cseek,\u201d \u201cshould,\u201d \u201ctarget,\u201d \u201cwill,\u201d \u201cwould\u201d and their opposites and similar expressions are intended to identify forward-looking statements. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those statements. Such risks, trends and uncertainties are, in most instances, beyond the Company\u2019s control, and include changes in advertising demand and other economic conditions; consumers\u2019 tastes; newsprint and distribution prices; program costs; the success of the Company\u2019s digital strategy; labor relations; cybersecurity incidents; and technological obsolescence. Among other risks, there can be no guarantee that the board of directors will approve a quarterly dividend in future quarters or that our financial projections are accurate, as well as other risks described in the Company\u2019s Annual Report on Form\u00a010-K\u00a0and in the Company\u2019s other public disclosures and filings with the Securities and Exchange Commission. Forward-looking statements, which are as of the date of this filing, are not updated to reflect events or circumstances after the date of the statement.<\/em>\n      <\/p>\n<p align=\"left\">Contact:<br \/>Katy Murray<br \/>214-977-8869<br \/>Kmurray@dallasnews.com<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkyMTY0NSM1ODEyNzY5IzIwMDQwNDU=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/NzcyODNiNDktZmQ3OC00MzI0LWI5YjItMjA0YjA3NmI3Y2U5LTEwMTU2MTg=\/tiny\/DallasNews-Corporation.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Implementing Limited Voluntary Staff Reductions Focusing Newsgathering on a Rapidly Growing Region DALLAS, Sept. 13, 2023 (GLOBE NEWSWIRE) &#8212; DallasNews Corporation (Nasdaq: DALN), the parent company of The\u00a0Dallas\u00a0Morning\u00a0News and Medium Giant, its media and marketing agency, is taking another step in its path toward becoming a sustainably profitable enterprise. In June 2023, the Company announced it was exiting an unprofitable business partnership which allowed the Company to concentrate on its strongest and most promising areas of revenue growth. Today, the Company is announcing a limited voluntary staff reduction program that will be offered across all departments to eligible individuals at The\u00a0News and Medium Giant. Though the exact number of people who will take the option is unknown, it is expected &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dallasnews-corporation-continues-to-enhance-strategy-of-sustained-profitability-and-growth\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;DallasNews Corporation Continues to Enhance Strategy of\u00a0Sustained Profitability and Growth&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-783820","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>DallasNews Corporation Continues to Enhance Strategy of\u00a0Sustained Profitability and Growth - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dallasnews-corporation-continues-to-enhance-strategy-of-sustained-profitability-and-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DallasNews Corporation Continues to Enhance Strategy of\u00a0Sustained Profitability and Growth - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Implementing Limited Voluntary Staff Reductions Focusing Newsgathering on a Rapidly Growing Region DALLAS, Sept. 13, 2023 (GLOBE NEWSWIRE) &#8212; DallasNews Corporation (Nasdaq: DALN), the parent company of The\u00a0Dallas\u00a0Morning\u00a0News and Medium Giant, its media and marketing agency, is taking another step in its path toward becoming a sustainably profitable enterprise. In June 2023, the Company announced it was exiting an unprofitable business partnership which allowed the Company to concentrate on its strongest and most promising areas of revenue growth. Today, the Company is announcing a limited voluntary staff reduction program that will be offered across all departments to eligible individuals at The\u00a0News and Medium Giant. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/dallasnews-corporation-continues-to-enhance-strategy-of-sustained-profitability-and-growth\/","og_locale":"en_US","og_type":"article","og_title":"DallasNews Corporation Continues to Enhance Strategy of\u00a0Sustained Profitability and Growth - Market Newsdesk","og_description":"Implementing Limited Voluntary Staff Reductions Focusing Newsgathering on a Rapidly Growing Region DALLAS, Sept. 13, 2023 (GLOBE NEWSWIRE) &#8212; DallasNews Corporation (Nasdaq: DALN), the parent company of The\u00a0Dallas\u00a0Morning\u00a0News and Medium Giant, its media and marketing agency, is taking another step in its path toward becoming a sustainably profitable enterprise. In June 2023, the Company announced it was exiting an unprofitable business partnership which allowed the Company to concentrate on its strongest and most promising areas of revenue growth. Today, the Company is announcing a limited voluntary staff reduction program that will be offered across all departments to eligible individuals at The\u00a0News and Medium Giant. 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