DallasNews Corporation Announces Fourth Quarter and Full Year 2023 Financial Results
In the fourth quarter, we executed a successful voluntary severance offering which was a necessary step to improve our operating margins entering 2024.”
- In the fourth quarter, we executed a successful voluntary severance offering which was a necessary step to improve our operating margins entering 2024.”
Total revenue was $34.0 million in the fourth quarter of 2023, a decrease of $5.1 million or 13.1 percent when compared to the fourth quarter of 2022. - Circulation revenue was $17.1 million in the fourth quarter of 2023, an increase of $0.5 million or 3.2 percent when compared to the fourth quarter of 2022.
- Total consolidated operating expense in the fourth quarter of 2023, on a GAAP basis, was $36.5 million, an improvement of $4.6 million or 11.2 percent when compared to the fourth quarter of 2022.
- DallasNews Corporation will conduct a conference call on Thursday, March 7, 2024, at 9:00 a.m. CST to discuss financial results.