DallasNews Q2 net loss $33.5M (pension charge); adjusted op income up 37%; merger with Hearst at $15/share

DallasNews Corp

2025-Q2 EPS reported -$0.97 revenue$58,891,000

Net loss of $33.5M ($6.26 loss per share) includes $35.3M non-cash pension settlement charge from annuitization.
Adjusted operating income improved to $1.6M, up 36.7% YoY, driven by expense savings; total revenue fell 7.2% to $29.8M.
Advertising/circulation revenue declined; printing/distribution revenue down 28.9% due to canceled partnership.
Cash $33.7M with no debt; headcount reduced 15.4% to 451 employees.
Merger with Hearst: shareholders to receive $15.00 cash per share (242% premium over $4.39 closing price), expected close Q3/early Q4 2025.

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