Higher newsprint and fuel costs combined with declines in print advertising led to second-quarter losses reported Wednesday by the parent company of The Dallas Morning News.
Despite the loss, digital subscription revenue gains signify the company is on the right trajectory, Grant Moise, DallasNews Corporation chief executive officer, said in a conference call Wednesday with analysts.
“The second quarter showed steady progress in our pursuit to become a sustainably profitable digital media company, and DallasNews’ financial performance was in line with our internal expectations,” said Moise, who was promoted to CEO of DallasNews in May. He said circulation revenue increased for the second consecutive quarter and the company has stronger pricing than industry peers. Also, DallasNews’ media and marketing agency, Medium Giant, had a strong quarter, gaining new clients including…
