DallasNews Chief Invests $26K in Stock Amid Cash Woes

## DallasNews Corp President Buys $26,701 in Company Stock

By *Investing.com*.

**DallasNews Corp**’s *President*, Mary K. Murray, has recently **acquired shares of Series A Common Stock** in a move that signals strong internal confidence in the company's future. On **June 12, 2024**, Murray purchased **1,589 shares** at a weighted average price of **$3.7599 per share**. Continuing her purchase spree, the next day she acquired **5,102 shares** at an average price of **$3.8342 each**. By *June 14*, Murray finalized her buying at **3.77 per share for 309 shares**.

**These strategic stock purchases**, which saw shares bought at prices between **$3.7597 and $3.85**, highlight Murray's belief in the value and strategic direction of DallasNews Corp.

### Investment Implications

*Investors and stakeholders* can request detailed information about the exact number of shares bought at each price point within the disclosed range, as per the footnotes in the SEC filing.

### Financial Performance & Strategic Shifts

In **Q1 2024**, DallasNews Corp reported a **net loss of $1.4 million** and an **operating loss of $1.8 million**. Despite these losses, the company shows improved performance compared to the previous year. However, **total revenue declined by $4.1 million**, primarily due to a drop in **print advertising revenue**. To address cost-efficiency, **DallasNews Corp** announced the relocation of its printing operations to a smaller facility in *Carrollton*, translating into projected annual savings of **$5 million**.

### Growth in Digital-Only Subscriptions and Strategic Moves

**DallasNews Corp** experienced a **25.2% increase in digital-only subscription revenue**, even though the total number of digital-only subscribers dipped. In a move to facilitate an **$8 million investment** in new equipment for the relocated printing facility, dividends have been *suspended*. Completion of the printing operations move is expected by *early 2025*.

### Market Position and Financial Metrics

Reflecting on the **market position** of **DallasNews Corp**, the company holds a market capitalization of **$19.63 million**, positioning it as a relatively small player in the media industry. The company's **P/E ratio** stands at **-3.36**, with an adjusted ratio for the last twelve months worsening to **-6.84** as of Q1 2024, illustrating current earnings challenges.

From a financial health perspective, the company boasts a significant *dividend yield* of **17.45%**, appealing to *income-seeking investors*. However, a revenue decline of **9.34%** over the last twelve months raises concerns regarding its *growth trajectory*. Additionally, their **gross profit margins** are currently in negative territory at **-0.4%**, indicating hurdles in maintaining profitability.

### Future Outlook

Despite these mixed financial signals, **DallasNews Corp's** commitment to cost-saving measures and strategic re-positioning provide a *glimmer of optimism* for stakeholders. Investors should stay tuned for further updates in the *second quarter earnings call* later in the year.

*Murray’s significant stock purchases* stand as a beacon of confidence, potentially encouraging investors to reassess *DallasNews Corp*’s internal value.

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