The DallasNews Corporation, which operates the Dallas Morning News and the advertising agency Medium Giant, reported a net loss of $3.9 million for its third quarter of 2024.
This is a deterioration compared to the $1.4 million loss in the same period last year, reported Tip Ranks.
Although it experienced a net loss, DallasNews Corporation’s adjusted operating loss improved slightly due to expense savings.
The corporation reported total revenue of $31.1 million, a 9.7% decrease from last year, reported Tip Ranks.
As previously reported by The Dallas Express, DMN has been criticized by local leaders for its bias.
“There is a reason people don’t trust traditional media, because traditional people are constantly under attack with radical ideology. Rags like The Dallas Morning News seem only able to focus on seeing racism in everything or shoving the debunked notion that there is such thing as ‘trans’ down everyone’s throat. Just look at their subscription numbers. Go woke. Go broke,” Tarrant County Republican Party Chairman Bo French previously told DX.
DMN’s parent company, DallasNews Corporation, promotes DEI initiatives.
DallasNews Corporation is committed to “diversity, equity, and inclusion.”
“Diversity, equity, and inclusion are embedded in the hiring, promotion, and development of our employees, in reaching diverse audiences with our content, and in choosing the companies with which we do business,” the page reads.
In 2021, the company formerly known as A.H. Belo Corporation changed its name to DallasNews Corporation because of the social justice movement in America at the time and to distance itself from its founder, who allegedly had a racist past, as The Dallas Morning News reported.
“We are keenly aware that the relationship of our company’s name to a person who figured prominently in the Confederate Army is the source of discomfort, even pain, for many of our fellow citizens. And that is intolerable to the leaders of this enterprise,” former Belo CEO Robert Decherd said at the time.
DX reached out to DallasNews Corporation CEO Grant Moise about the latest earnings report, but he was not available for comment.