DallasNews Corporation Continues to Enhance Strategy of Sustained Profitability and Growth
Implementing Limited Voluntary Staff Reductions
Focusing Newsgathering on a
Today, the Company is announcing a limited voluntary staff reduction program that will be offered across all departments to eligible individuals at The News 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 percent, or 40 full-time and part-time positions.
This will still allow the news department the resources to maintain the same comprehensive coverage throughout
“Like any business,
Statements in this communication concerning DallasNews Corporation’s (the “Company”) business outlook or future economic performance, revenues, expenses, cash balance, investments and other financial and non-financial items that are not historical facts are “forward-looking statements” as the term is defined under applicable federal securities laws. Words such as “anticipate,” “assume,” “believe,” “can,” “could,” “estimate,” “forecast,” “intend,” “expect,” “may,” “project,” “plan,” “seek,” “should,” “target,” “will,” “would” 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’s control, and include changes in advertising demand and other economic conditions; consumers’ tastes; newsprint and distribution prices; program costs; the success of the Company’s 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’s Annual Report on Form 10-K and in the Company’s other public disclosures and filings with the
Source: DallasNews Corporation