D Magazine‘s Chief Financial Officer, Thomas Earnshaw, has left the company after nearly a quarter of a century.
“At the end of 2024, after 23 years, Tom separated from Allison Publications, LLC (Allison) as CFO. Allison owns and publishes D Magazine, along with various other D branded print and digital titles, two community newspapers, Park Cities People and Preston Hollow People. As CFO Tom sourced and closed over $49 million of debt and capital,” per Earnshaw’s LinkedIn page.
Speculation has arisen in Dallas about whether D Magazine pushed Earnshaw out due to financial difficulties.
In 2020, D Magazine laid off 15 employees, including editors, designers, salespeople and administrators.
Other local legacy media outlets have faced financial challenges in recent years.
As reported by The Dallas Express, The Dallas Morning News’ parent company announced in November of 2023 that another 58 employees had opted for voluntary separation agreements.
Additionally, in June 2024, The Dallas Morning News acknowledged that its coverage had been biased against right-leaning viewpoints. The publication published an op-ed explaining why its articles had underrepresented these perspectives.
A September 2024 Gallup poll indicated that only 31% of respondents expressed a “great deal” or “fair amount” of trust in the media, compared to 72% in 1976, as previously reported by The Dallas Express.
The Dallas Express reached out to Earnshaw, D Magazine, and its company president, Gilea Allison, but did not receive a response.