Dallasnews Corporation (DALN): Canvas du modèle d'entreprise [Jan-2025 Mise à jour]

Dans le paysage dynamique des médias modernes, Dallasnews Corporation (DALN) apparaît comme une étude de cas convaincante de l'adaptation stratégique et de la modélisation commerciale innovante. En mélangeant de manière transparente le journalisme traditionnel avec la transformation numérique, cette puissance régionale de nouvelles a conçu une approche sophistiquée pour fournir des nouvelles sur plusieurs plateformes. Du reportage local à la distribution numérique, le modèle de modèle commercial de Daln révèle une stratégie nuancée qui navigue dans l'écosystème des médias complexes, équilibrant le journalisme de confiance avec des mécanismes de livraison de contenu de pointe qui s'adressent à divers segments d'audience dans la zone métropolitaine de Dallas-Fort Worth.

Dallasnews Corporation (Daln) - Modèle d'entreprise: partenariats clés

Agences de publicité locales et nationales

Dallasnews Corporation entretient des partenariats avec les agences de publicité suivantes:

Nom d'agence	Type de partenariat	Contribution annuelle des revenus
Epsilon	Plateforme de publicité numérique	1,2 million de dollars
Publicis Media	Réseau de publicité nationale	$875,000

Plateformes de technologie de technologie numérique et de contenu

Les principaux partenariats technologiques numériques comprennent:

• Google News Initiative
• Apple News +
• Articles instantanés Facebook

Plate-forme	Part des revenus	Utilisateurs actifs mensuels
Google News Initiative	60/40 Split	125,000
Apple News +	50/50 Split	98,000

Réseaux de syndication de nouvelles

Les partenariats de syndication comprennent:

• Associated Press
• Tribune Content Agency
• McClatchy News Network

Partenaire de syndication	Frais de licence de contenu annuel	Catégories de contenu
Associated Press	$750,000	Nouvelles nationales / internationales
Tribune Content Agency	$450,000	Actualités / fonctionnalités régionales

Fournisseurs de technologies médiatiques imprimées et numériques

Détails du partenariat technologique:

• WordPress VIP
• Voile
• Adobe Experience Cloud

Fournisseur de technologie	Licence technologique annuelle	Services fournis
WordPress VIP	$325,000	Système de gestion du contenu
Adobe Experience Cloud	$500,000	Plateforme de marketing numérique

Dallasnews Corporation (Daln) - Modèle d'entreprise: activités clés

Reportages locaux et régionaux

Dallasnews Corporation génère environ 67% de son contenu d'actualité de la couverture de la zone métropolitaine de Dallas Fort Worth. La salle de rédaction emploie 82 journalistes à temps plein en 2023.

Catégorie de rapport	Volume de contenu annuel	Histoires moyennes par semaine
Nouvelles locales	4 368 histoires	84 histoires
Nouvelles régionales	2 184 histoires	42 histoires

Création et distribution de contenu numérique

Les plateformes numériques génèrent 18,3 millions de dollars de revenus annuels pour la société.

• Plateformes de contenu numérique: Dallasnews.com, application mobile DMN
• Visiteurs numériques uniques mensuels: 3,2 millions
• Fréquence de publication de contenu numérique: mises à jour en temps réel 24/7

Ventes publicitaires et marketing

Les revenus publicitaires ont totalisé 22,7 millions de dollars en 2023, la publicité numérique représentant 42% du revenu publicitaire total.

Segment publicitaire	Revenus annuels	Pourcentage du total
Publicité numérique	9,5 millions de dollars	42%
Publicité imprimée	13,2 millions de dollars	58%

Publication en ligne et imprimé des médias

Circulation d'impression: 98 000 abonnés quotidiens. Base d'abonnement numérique: 76 000 abonnés actifs.

• Publication du journal imprimé: 7 jours par semaine
• Mises à jour du contenu numérique: continu
• Coût annuel de production d'impression: 6,4 millions de dollars

Gestion de l'abonnement

Le chiffre d'affaires de l'abonnement a atteint 31,5 millions de dollars en 2023, avec une croissance de 3,2% d'une année à l'autre.

Type d'abonnement	Nombre d'abonnés	Revenus mensuels moyens
Abonnement imprimé	98,000	$22.50
Abonnement numérique	76,000	$15.75

Dallasnews Corporation (Daln) - Modèle commercial: Ressources clés

Équipe de journalisme expérimentée

En 2024, Dallasnews Corporation emploie environ 85 journalistes à temps plein et rédacteur. La salle de rédaction comprend:

• 35 journalistes couvrant les nouvelles locales
• 15 spécialistes du contenu numérique
• 12 professionnels de la gestion de la rédaction
• 23 journalistes multimédias et d'investigation

Infrastructure de publication numérique et imprimée

Composant d'infrastructure	Spécification	Valeur d'investissement
Plateforme de publication numérique	CMS basé sur le cloud	1,2 million de dollars
Équipement de production d'impression	2 presses d'impression à grande vitesse	3,5 millions de dollars
Centre de données	Infrastructure de serveur redondant	2,1 millions de dollars

Systèmes de gestion de contenu

Spécifications principales de la plate-forme numérique:

• Système de gestion de contenu propriétaire
• Capacités de publication en temps réel
• Distribution de contenu multicanal
• Budget de maintenance de la technologie annuelle: 450 000 $

Réputation de la marque sur le marché des médias de Dallas-Fort Worth

Métrique du marché des médias	Valeur
Part de marché local	37.5%
Note de confiance de la marque	72%
Années de fonctionnement continu	143 ans

Base de données d'abonné numérique et imprimée

Répartition des abonnés à partir de 2024:

Type d'abonnement	Nombre d'abonnés	Revenus mensuels
Abonnements numériques uniquement	42,500	$637,500
Abonnements imprimés uniquement	18,200	$455,000
Abonnements numériques / imprimés groupés	22,300	$890,000

Dallasnews Corporation (Daln) - Modèle d'entreprise: propositions de valeur

Couverture d'information locale complète

Dallasnews Corporation offre une couverture d'information locale pour la région métropolitaine de Dallas-Fort Worth, desservant environ 7,6 millions de résidents.

Métriques de la couverture médiatique	2023 données
Histoires de nouvelles locales publiées	12,453
Articles de presse quotidiens moyens	34
Zones de couverture régionale	5 comtés

Journalisme de confiance et crédible

La société maintient un Équipe de journalisme primée Pulitzer avec 87 journalistes professionnels.

• Prix ​​du journalisme en 2023: 6
• Taille de l'équipe de reporting d'investigation: 12 journalistes
• Personnel de vérification des faits: 5 professionnels dévoués

Livraison de nouvelles multiplateformes

Plate-forme	Utilisateurs mensuels	Pourcentage du lectorat total
Journal imprimé	98,234	42%
Site Web numérique	276,543	48%
Application mobile	87,654	10%

Contenu régional ciblé

Stratégie de contenu ciblée ciblant Dallas-Fort Worth Metropolitan Area Demographics.

• Zones de couverture primaire: Dallas, Fort Worth, Arlington, Plano, Irving
• Sections spécialisées: politique locale, affaires, sports, communauté

Rapports d'enquête approfondis

Ressources dédiées à un journalisme d'investigation complet.

Métriques de rapport d'investigation	2023 données
Rapports d'investigation majeurs	24
Durée moyenne de l'enquête	3,2 mois
Rapports d'impact	12 Modifications de politique déclenchées

Dallasnews Corporation (Daln) - Modèle d'entreprise: relations avec les clients

Modèles d'abonnement numériques et imprimés

Dallasnews Corporation propose des options d'abonnement à plusieurs niveaux avec la structure de tarification suivante:

Type d'abonnement	Prix ​​mensuel	Prix ​​annuel
Numérique uniquement	$12.99	$129.99
Impression + numérique	$19.99	$199.99
Numérique premium	$16.99	$169.99

Recommandations de contenu d'actualités personnalisées

L'entreprise utilise des algorithmes de recommandation axés sur l'IA avec les mesures suivantes:

• 75% des abonnés numériques reçoivent des recommandations de contenu personnalisées
• Le temps d'engagement moyen des utilisateurs augmente de 22% avec du contenu personnalisé
• Les modèles d'apprentissage automatique analysent 15+ points de données d'interaction utilisateur

Engagement communautaire

Plate-forme	Utilisateurs actifs	Commentaires par article
Commentaires du site Web	45,000	8.3
Facebook	112,000	N / A
Gazouillement	87,000	N / A

Assistance client pour les services d'abonnement

Canaux de support et métriques de réponse:

• Prise en charge du téléphone disponible de 8 h à 20 h 00 CST
• Temps de réponse moyen: 12 minutes
• Évaluation de satisfaction du client: 4.2 / 5
• Personnel de soutien: 42 représentants dévoués

Envoyez un e-mail à des newsletters et des alertes

Type de newsletter	Abonnés	Taux d'ouverture
Daily News Digest	98,000	42%
Breaking News Alerts	76,000	55%
Newsletter sportif	62,000	38%

Dallasnews Corporation (Daln) - Modèle d'entreprise: canaux

Site officiel (Dallasnews.com)

Plateforme numérique avec 1,2 million de visiteurs uniques mensuels en 2023. Taux d'abonnement numérique: 4,99 $ / mois pour l'accès numérique uniquement.

Métriques du site Web	2023 données
Visiteurs uniques mensuels	1,200,000
Prix ​​d'abonnement numérique	4,99 $ / mois

Applications d'actualités mobiles

Disponible sur les plates-formes iOS et Android avec 350 000 utilisateurs d'applications mobiles actifs en 2023.

• Évaluation iOS de l'App Store: 4.2 / 5
• Android Google Play Rating: 4.1 / 5
• Téléchargements d'applications mobiles: 275 000 en 2023

Journal imprimé

Circulation en semaine de 98 000 et circulation dimanche de 138 000 en 2023.

Imprimé circulation	2023 chiffres
Circulation en semaine	98,000
Circulation du dimanche	138,000

Plateformes de médias sociaux

Les suiveurs de médias sociaux comptent sur toutes les plateformes en 2023.

Plate-forme	Nombre de suiveurs
Gazouillement	450,000
Facebook	620,000
Instagram	280,000

Envoyez des newsletters

Les abonnés de newsletter par e-mail: 185 000 en 2023.

• Bréidé quotidien: 75 000 abonnés
• Newsletter sportif: 55 000 abonnés
• Breaking News Alertes: 55 000 abonnés

Dallasnews Corporation (Daln) - Modèle d'entreprise: segments de clientèle

Dallas-Fort Worth Metropolitan Area résidents

Population totale: 7,6 millions (estimation 2022)

Segment démographique	Pourcentage	Lecture potentielle
25-54 ans	39.2%	2,98 millions
Revenu médian des ménages	$71,864	Segment du marché cible

Professionnels des affaires locales

Dallas-Fort Worth Metroplex Business démographie

• Total des entreprises: 272 000
• Siège social: 23 entreprises du Fortune 500
• Revenus commerciaux annuels moyens: 4,2 millions de dollars

Passionnés

Catégorie de consommation de nouvelles	Pourcentage
Lecteurs quotidiens	37%
Consommateurs d'informations en ligne	62%

Ancienne démographie préférant les médias imprimés

Consommateur de médias imprimés Profile

• 55 ans et plus: 22,4% de la population
• Imprimer le taux d'abonnement aux journaux: 14%
• Lecteur de journal imprimé moyen Âge: 58 ans

Digital d'abord les plus jeunes consommateurs

Consommation d'informations numériques	Pourcentage
18-34 consommateurs de nouvelles numériques	73%
Utilisation de l'application de nouvelles mobiles	56%

Dallasnews Corporation (Daln) - Modèle d'entreprise: Structure des coûts

Journalisme et salaires du personnel éditorial

Depuis le rapport annuel de 2022, Dallasnews Corporation a déclaré une rémunération totale des employés de 17,4 millions de dollars. Les effectifs du personnel de la salle de rédaction étaient environ 132 employés à temps plein.

Catégorie des employés	Salaire annuel moyen	Coût total
Rédactique	$68,500	9,04 millions de dollars
Journalistes	$62,300	8,22 millions de dollars

Coûts de production numérique et imprimée

Les dépenses de production pour 2022 ont totalisé 6,3 millions de dollars, avec une panne comme suit:

• Production d'impression: 3,8 millions de dollars
• Maintenance de la plate-forme numérique: 2,5 millions de dollars

Maintenance des infrastructures technologiques

Les coûts d'infrastructure technologique pour 2022 étaient de 4,1 millions de dollars, notamment:

Composant technologique	Coût annuel
Services cloud	1,2 million de dollars
Matériel informatique	1,5 million de dollars
Licences logicielles	1,4 million de dollars

Dépenses de marketing et de distribution

Les coûts de marketing et de distribution pour 2022 s'élevaient à 5,6 millions de dollars:

• Marketing numérique: 2,3 millions de dollars
• Distribution d'impression: 2,1 millions de dollars
• Campagnes publicitaires: 1,2 million de dollars

Acquisition et syndication de contenu

Les dépenses d'acquisition de contenu pour 2022 étaient de 3,2 millions de dollars:

Source de contenu	Coût annuel
Services de fil	1,5 million de dollars
Contributeurs indépendants	1,1 million de dollars
Contenu syndiqué	0,6 million de dollars

Dallasnews Corporation (DALN) - Modèle d'entreprise: sources de revenus

Frais d'abonnement numérique

Au quatrième trimestre 2023, Dallasnews Corporation a déclaré un chiffre d'affaires numérique de 12,4 millions de dollars, ce qui représente une augmentation de 6,2% d'une année sur l'autre.

Type d'abonnement	Prix ​​mensuel	Contribution annuelle des revenus
Basique numérique	$9.99	5,6 millions de dollars
Prime numérique	$19.99	6,8 millions de dollars

Imprimer des abonnements aux journaux

Les revenus de l'abonnement imprimé ont totalisé 8,2 millions de dollars en 2023, avec une tendance à la baisse de 3,5% par rapport à l'année précédente.

• Abonnement à imprimé en semaine: 15,99 $ / mois
• Abonnement à imprimé le week-end: 9,99 $ / mois
• Abonnement à imprimé complet: 24,99 $ / mois

Revenus publicitaires numériques et imprimés

Les revenus publicitaires totaux pour 2023 étaient de 22,7 millions de dollars, avec une ventilation de:

Canal de publicité	Revenu	Pourcentage du total
Publicité numérique	15,3 millions de dollars	67.4%
Publicité imprimée	7,4 millions de dollars	32.6%

Contenu sponsorisé

Le contenu sponsorisé a généré 3,6 millions de dollars de revenus pour 2023, ce qui représente une augmentation de 9,1% par rapport à 2022.

Hébergement d'événements et parrainage

Les revenus liés à l'événement ont atteint 2,1 millions de dollars en 2023, avec des événements clés, notamment:

• Conférences de leadership d'entreprise
• Forums d'engagement communautaire
• Événements de réseautage parrainés

Catégorie d'événements	Nombre d'événements	Revenus générés
Événements d'entreprise	12	1,4 million de dollars
Événements communautaires	8	0,7 million de dollars

DallasNews Corporation (DALN) - Canvas Business Model: Value Propositions

Trusted, objective, and accountable local journalism for the North Texas community

• The Dallas Morning News has won nine Pulitzer Prizes.
• The company traces its roots back to 1842 as the oldest continuously operated business in Texas.
• The Dallas Morning News primarily serves audiences in the North Texas area.

Integrated, intelligence-driven marketing solutions for corporate clients (Medium Giant)

The performance of the Agency segment shows its contribution to the overall business, even amidst top-line revenue challenges in the core news business.

Metric	Q1 2025	Q2 2025
Agency Segment Profit Improvement (YoY)	$0.6 million increase	$0.2 million increase
Adjusted Operating Income (Agency)	N/A	$1.6 million
Adjusted Operating Income Growth (YoY)	N/A	36.7 percent increase

Premier local news and information source with a deep regional focus

The reach of The Dallas Morning News content demonstrates its established position in the market.

• Content published in print, online, or digitally reaches over 12 million people a month.
• The dallasnews.com global ranking in October 2025 was 13,294.

Access to a highly engaged, affluent North Texas audience for advertisers

Advertising and marketing services revenue was a significant component of the total revenue base in the first half of 2025.

Revenue Component	Q1 2025 Amount	Q2 2025 Amount
Advertising and Marketing Services Revenue	$10.8 million	$12.3 million
Circulation Revenue	$15.4 million	$15.3 million
Total Revenue	$29.1 million	$29.8 million

Financial stability and investment from a global media company, Hearst

The transaction provided a clear, immediate financial realization for shareholders, backed by the scale of the acquiring entity.

• DallasNews Corporation shareholders were set to receive $14.00 in cash per share.
• This represented a 219 percent premium over the July 9, 2025, closing price of $4.39 per share.
• The merger with Hearst was expected to close in the third or early fourth quarter of 2025, with a final closing date noted as September 24, 2025.
• Upon closing, The Dallas Morning News joins Hearst Newspapers, which publishes 28 dailies and 50 weeklies across the United States.
• As of June 30, 2025, the Company reported cash and cash equivalents of $33.7 million and no debt.

The company's strategic asset management, including the sale of the Plano printing facility for a net gain of $36.2 million in Q1 2025, fully funded pension liabilities.

DallasNews Corporation (DALN) - Canvas Business Model: Customer Relationships

You're looking at how DallasNews Corporation keeps its audience and clients engaged in this shifting media landscape. It's a dual focus: serving the news consumer directly and managing complex agency relationships.

Self-service digital subscription management for news consumers is key to stabilizing the content side. The company implemented a new AI-powered paywall, which resulted in a notable 16% increase in subscriber starts following its launch in Q1 2025. As of March 31, 2025, digital-only subscriptions stood at 65,028. Total membership, which includes both print and digital, was reported at 125,972 on that same date. This self-service model lets subscribers manage their access online, which is crucial for reducing support overhead.

For the Medium Giant side, the relationship model shifts to dedicated, high-touch service. This is where consultative sales come in, focusing on intelligence-driven, technology-enabled strategy for clients nationwide. The focus here is clearly on operational leverage, as the Agency segment profit improved by $0.6 million year-over-year in Q1 2025, followed by an additional improvement of $0.2 million in Q2 2025. That shows direct client success translating to better margins for DallasNews Corporation.

Automated and personalized digital content delivery (dallasnews.com) underpins the value proposition for the news audience. The Dallas Morning News aims to reach the over 12 million people who read their content monthly across all platforms. This requires robust digital infrastructure to deliver personalized news feeds and alerts, helping to retain the audience even as print circulation declines. It's about making sure the right story finds the right reader automatically.

Relationships with major regional advertisers are direct and long-term, though the revenue stream shows the pressure of the market. For the second quarter of 2025, revenue from advertising and marketing services, including print and digital, was $12.3 million. Compare that to the $12.8 million reported in Q2 2024. The company is actively working to shift these advertisers toward digital spend, which is highly competitive, largely dominated by larger internet companies, as noted in their 2024 annual report. Still, the core regional focus helps maintain these direct ties.

Community connection is cemented through Community engagement through events and public service journalism. The Dallas Morning News brand leverages its history, including nine Pulitzer Prizes, to build trust within its primary market, North Texas, which surpassed 8.3 million residents in 2024. This commitment to quality journalism, which the CEO noted is the heartbeat of the business, is how they justify premium subscription rates and maintain relevance with local institutions and advertisers. The company values understanding customer needs and exceeding expectations, which is a stated core value.

Here's a quick look at some of those key customer-facing numbers from the first half of 2025:

Metric	Period End Date	Value
Digital-Only Subscribers	March 31, 2025	65,028
Total Membership (Print & Digital)	March 31, 2025	125,972
Advertising & Marketing Revenue	Q2 2025	$12.3 million
Circulation Revenue	Q2 2025	$15.3 million
Agency Segment Profit Improvement (YOY)	Q2 2025	$0.2 million (incremental to Q1)

The overall customer base is being managed through a leaner structure; as of June 30, 2025, the total headcount was 451 employees, down 82 or 15.4% year-over-year, largely due to the printing facility transition. This efficiency is necessary to support the digital investment strategy.

You can see the direct impact of these relationship strategies in the following operational highlights:

• Subscriber starts increased by 16% following AI paywall implementation.
• North Texas market population surpassed 8.3 million residents in 2024.
• The Dallas Morning News content reaches over 12 million people monthly.
• Agency segment profit improved by $0.6 million in Q1 2025 versus prior year.
• The publication holds nine Pulitzer Prizes as a testament to quality.

Finance: draft 13-week cash view by Friday.

DallasNews Corporation (DALN) - Canvas Business Model: Channels

You're looking at how DallasNews Corporation moved its content and services to the market as of late 2025, right before or immediately following the acquisition by Hearst Entertainment, Inc. on September 24, 2025. The channels show a clear split between legacy print, growing digital access, and the agency business.

The primary distribution for The Dallas Morning News print product saw an average circulation in 2025 of 45,000 copies daily. This channel is directly tied to print circulation revenue, which saw a year-over-year decrease of $0.7 million or 5.9 percent in the second quarter of 2025. This channel also includes single-copy purchases from retail sales and newsstands, which are part of that declining print circulation revenue stream.

For digital reach via DallasNews.com and mobile applications, the company was focused on paid digital subscriptions. As of March 31, 2025, digital-only subscriptions stood at 65,028. The total membership, combining both print and digital, was 125,972 at that same date. The overall Circulation revenue for the second quarter of 2025 was $15.3 million. The company noted a 16% increase in subscriber starts in Q1 2025 following a new AI-powered paywall implementation.

The Medium Giant direct sales team drives the agency services channel. This segment showed operational improvement even as overall revenue softened. For the first quarter of 2025, the Agency segment profit improved by $0.6 million year-over-year. This momentum continued into the second quarter of 2025, with the Agency segment profit improving by $0.2 million on a year-over-year basis.

Audience reach through social media platforms and third-party news aggregators is bundled into the broader advertising and marketing services revenue. For the second quarter of 2025, total revenue from advertising and marketing services, which includes print and digital advertising across these platforms, was $12.3 million. This represented a 3.8 percent decrease compared to the second quarter of 2024.

Here is a quick look at the key channel-related financial metrics from the first half of 2025:

Channel Metric	Q1 2025 Value	Q2 2025 Value	Comparison Point
Total Revenue	$29.1 million	$29.8 million	Q1 2024: $31.1 million; Q2 2024: $32.1 million
Circulation Revenue	$15.4 million	$15.3 million	Q1 2024: $16.3 million; Q2 2024: $16.2 million
Advertising & Marketing Services Revenue	$10.8 million	$12.3 million	Q1 2024: $11.6 million; Q2 2024: $12.8 million
Agency Segment Profit Improvement	$0.6 million	$0.2 million	Year-over-year basis

The digital subscription channel is supported by specific subscriber counts:

• Digital-only subscriptions as of March 31, 2025: 65,028.
• Total Members (Print + Digital) as of March 31, 2025: 125,972.
• Headcount supporting operations was down to 451 as of June 30, 2025, reflecting efficiency from the new printing facility transition.

The company's overall cash position also reflects channel health; cash and cash equivalents were $33.7 million at June 30, 2025. The shift in focus is clear, with the company evaluating the use of remaining cash for investment opportunities in digital growth.

DallasNews Corporation (DALN) - Canvas Business Model: Customer Segments

You're looking at the customer base for DallasNews Corporation as of late 2025, right after the acquisition by Hearst Entertainment, Inc. on July 9, 2025. The segments are clearly defined by how they consume the core product, The Dallas Morning News, or utilize the Agency services.

Here is a snapshot of the key financial performance metrics from the first half of 2025, which helps frame the scale of these customer segments:

Metric (Period Ending)	Amount	Comparison Context
Total Revenue (Q2 2025)	$29.8 million	Decrease of $2.3 million or 7.2 percent vs Q2 2024
Advertising & Marketing Revenue (Q2 2025)	$12.3 million	Decrease of $0.5 million or 3.8 percent vs Q2 2024
Circulation Revenue (Q2 2025)	$15.3 million	Decrease of $0.9 million or 5.7 percent vs Q2 2024
Total Membership (March 31, 2025)	125,972	Decrease from 129,857 as of March 2024
Digital-Only Subscribers (March 31, 2025)	65,028	Increase of 1.1 percent vs December 31, 2024
Total Employees (June 30, 2025)	451	Decrease of 82 or 15.4 percent vs prior year period

The primary consumer base for the journalism product, The Dallas Morning News, is:

• North Texas residents seeking in-depth local news and information.
• Print-loyal readers, defintely a shrinking but high-value segment.

The print-loyal readers, while shrinking, still contribute significantly to the circulation revenue base. For the first quarter of 2025, circulation revenue was $15.4 million, which saw a print circulation revenue decrease of $0.7 million or 6.0 percent compared to the first quarter of 2024. The total membership base, including both print and digital, stood at 125,972 as of March 31, 2025.

The segment prioritizing convenience and speed is the digital consumer:

• Digital-only subscribers who prioritize convenience and speed.

This group is showing growth momentum, which is a key focus area. Digital-only subscriptions reached 65,028 as of March 31, 2025, reflecting an increase of 1.1 percent compared to December 31, 2024. Following a new AI-powered paywall implementation, subscriber starts saw a 16 percent increase in Q1 2025.

The business-to-business segments are served through advertising sales and the dedicated agency:

• Regional and national businesses requiring advertising space.
• Corporate clients needing full-service strategic and digital marketing (Medium Giant).

Advertising and marketing services revenue, which covers both print and digital advertising sold by Medium Giant's cross-functional team under the TDMN segment, was $10.8 million in the first quarter of 2025. For the second quarter of 2025, this revenue line was $12.3 million. The dedicated Agency segment, which is Medium Giant, is a separate reportable segment. Its profit improved by $0.6 million year-over-year in Q1 2025, and by $0.2 million year-over-year in Q2 2025. Medium Giant itself had 126 employees as of 2025.

DallasNews Corporation (DALN) - Canvas Business Model: Cost Structure

You're looking at the cost side of DallasNews Corporation (DALN) as they push through their structural transformation, which involved selling the Plano printing facility and moving to a smaller, leased space. The cost structure reflects this pivot away from heavy physical assets toward leaner operations and digital investment capacity.

Employee compensation and benefits totaled $14.8 million in Q1 2025. This line item saw an improvement of $1.2 million in Q1 2025 compared to Q1 2024 on a non-GAAP basis. The headcount as of June 30, 2025, stood at 451 employees, a decrease of 82 or 15.4 percent year-over-year, largely due to the printing facility transition. The company also paid transaction bonuses totaling $2,500,000 to two executives in July 2025 contingent on the merger closing.

The costs associated with the physical product are shrinking. Newsprint, ink, and other supplies for the print operation for the second quarter of 2025 were $932 thousand. This compares to $1,302 thousand in the second quarter of 2024. For the first six months of 2025, this cost was $2,203 thousand.

Distribution and delivery expenses are also being managed aggressively. Full year 2024 saw expense savings of $6.5 million in distribution costs alone. The revenue line item for Printing, distribution and other also dropped by 28.9 percent or $0.9 million in Q2 2025 compared to Q2 2024, partly due to a canceled mailed advertisements partnership in April 2025.

The shift to a new facility directly impacts lease and facility costs. The transition to a smaller, leased printing facility resulted in an expense saving of $0.6 million in Q2 2025 on a non-GAAP basis. This move was expected to yield annual expense savings of approximately $5.0 million after the transition was complete. As of December 31, 2024, the Operating lease right-of-use assets were $17,434 thousand.

For Digital platform maintenance and technology investment costs, specific recurring maintenance figures aren't itemized separately from general operating expenses, but the company is clearly positioning capital for this area. Cash and cash equivalents as of June 30, 2025, were $33.7 million, which the company was evaluating for investment opportunities in digital growth.

Here's a look at some key components of the operating expense structure, using the latest available quarterly data from Q2 2025, alongside the stated savings:

Cost Component Category	Q2 2025 Amount (in thousands)	Comparative Data Point	Period/Context
Employee compensation and benefits	$13,592	Improvement of $1.0 million	Q2 2025 vs Q2 2024 (Non-GAAP)
Newsprint, ink and other supplies	$932	Decrease of $370 thousand	Q2 2025 vs Q2 2024
Attributable to smaller, leased printing facility transition	N/A	Savings of $0.6 million	Q2 2025 (Non-GAAP)
Distribution Expense Savings	N/A	Savings of $6.5 million	Full Year 2024 vs 2023
Cash and Equivalents	$33,700	Balance	June 30, 2025

The cost structure is clearly being streamlined around the print operation, as evidenced by the following expense management actions:

• Employee headcount reduction of 70 employees (13.2 percent) by Q1 2025.
• Expected annual expense savings from the printing facility transition: approximately $5.0 million.
• Total consolidated operating expense (GAAP) for Q2 2025 was $28.5 million, an improvement of $3.0 million or 9.5 percent versus Q2 2024.
• The company had 461 employees as of March 31, 2025.

Finance: draft 13-week cash view by Friday.

DallasNews Corporation (DALN) - Canvas Business Model: Revenue Streams

You're looking at the core ways DallasNews Corporation brings in cash as of their latest reported figures from the first quarter of 2025. Honestly, the numbers show a clear pivot point, with traditional print revenue streams shrinking while the agency side shows operational improvement.

Here is a breakdown of the key revenue components for DallasNews Corporation based on their Q1 2025 financial release:

Revenue Stream Category	Q1 2025 Amount	Year-over-Year Change Context
Circulation Revenue (Subscriptions & Retail)	$15.4 million	Decrease of $0.9 million or 5.2 percent from Q1 2024.
Advertising and Marketing Services Revenue (Total)	$10.8 million	Decrease of $0.8 million or 7.2 percent from Q1 2024.
Printing, Distribution and Other Revenue	$2.9 million	Decrease of $0.3 million or 9.2 percent from Q1 2024.
Total Consolidated Revenue	$29.1 million	Decrease of $2.0 million or 6.4 percent from Q1 2024.

The Advertising and Marketing Services total of $10.8 million includes both print and digital revenues. You need to know that the print advertising revenue component specifically saw a decrease of $0.7 million, which is a 12.2% drop year-over-year. This strongly suggests that digital advertising revenue from dallasnews.com and related platforms, while not explicitly broken out, is being pressured by the overall print decline, or at least not growing fast enough to offset it.

Revenue tied to Medium Giant's marketing and media services is tracked through the Agency segment profit, which showed a marked improvement. The Agency segment profit improved by $0.6 million year-over-year for Q1 2025. Management highlighted this improvement was on better client mix and expense discipline; the expansion of the Medium Giant Agency's operating margin remains a priority.

For commercial printing and distribution services for other businesses, this falls under the Printing, Distribution and Other Revenue line, which was $2.9 million in Q1 2025. That figure represented a 9.2% decline from the prior year period. Here are the specifics driving that change:

• Decline primarily due to a canceled commercial printing partnership.
• Reduction in mailed advertisements for business customers.
• Year-over-year revenue drop of $0.3 million.

Finance: draft 13-week cash view by Friday.