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AHC on NYSE

DallasNews Corporation

Logo: A. H. Belo, Public domain, via Wikimedia Commons4

Media holding company based in Texas, US

DallasNews Corporation, formerly A. H. Belo Corporation, was a Dallas, Texas-based media holding company of The Dallas Morning News and Belo + Company. In 2025, it was purchased by Hearst Communications, and remains as a formal subsidiary of that company.3 Its shares trade on NYSE under the symbol AHC.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

$125.4MRevenue, fiscal 20245
$131.0KNet income, fiscal 20245
2008Founded1

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  • TickerAHC on NYSE1
  • IndustryNewspapers: Publishing or Publishing & Printing1
  • HeadquartersDallas1
  • Founded inDallas1
  • Websitewww.dallasnewscorporation.com
  • Legal formpublic company1
  • Listed onNasdaq (DALN), New York Stock Exchange (AHC)1
  • Incorporated inTX6
  • Business address1954 Commerce Street, Dallas, Tx 752016
  • Filer categoryNon-accelerated filer, Smaller reporting company6

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View of Belo Building from Reunion Tower August 2015 17
Photo: Michael Barera, CC BY-SA 4.0, via Wikimedia Commons9

DallasNews Corporation, formerly A. H. Belo Corporation, was a Dallas, Texas-based media holding company of The Dallas Morning News and Belo + Company. In 2025, it was purchased by Hearst Communications, and remains as a formal subsidiary of that company.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

-5.6%Operating margin5
0.1%Net margin5
-10.2%Revenue growth, 20245
1.9%Return on equity5
-$12.3MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Other costs96¢$120.3M
  • Income tax4¢$5.0M
  • Profit0¢$131.0K

Out of $125.4M in revenue.5

Financial statements

Revenue10111213145$125.4M in 2024−50% since 2017
0$100.0M$200.0M$300.0M2017: $248.6M$248.6M20172018: $202.3M$202.3M2018−19%2019: $183.6M$183.6M2019−9%2020: $154.3M$154.3M2020−16%2021: $154.4M$154.4M2021+0%2022: $150.7M$150.7M2022−2%2023: $139.7M$139.7M2023−7%2024: $125.4M$125.4M2024−10%
Operating income1015111213145-$7.1M in 2024−7% since 2017
-$30.0M-$20.0M-$10.0M0$10.0M2017: -$7.6M-$7.6M20172018: -$26.8M-$26.8M2018+254%2019: $9.5M$9.5M20192020: -$15.6M-$15.6M20202021: -$9.9M-$9.9M2021−36%2022: -$9.0M-$9.0M2022−10%2023: -$8.1M-$8.1M2023−10%2024: -$7.1M-$7.1M2024−13%
Net income1015111213145$131.0K in 2024−99% since 2017
-$30.0M-$20.0M-$10.0M0$10.0M$20.0M2017: $10.2M$10.2M20172018: -$25.2M-$25.2M20182019: $9.3M$9.3M20192020: -$6.9M-$6.9M20202021: -$467.0K-$467.0K2021−93%2022: -$9.8M-$9.8M2022+1996%2023: -$7.1M-$7.1M2023−27%2024: $131.0K$131.0K2024
Fiscal year20172018201920202021202220232024
Revenue$248.6M10$202.3M10$183.6M11$154.3M12$154.4M13$150.7M14$139.7M5$125.4M5
Operating expenses$164.3M13$159.6M14$147.8M5$132.4M5
Operating income-$7.6M10-$26.8M15$9.5M11-$15.6M12-$9.9M13-$9.0M14-$8.1M5-$7.1M5
Interest
Income before tax-$2.6M13-$9.2M14-$6.6M5-$4.8M5
Income tax-$6.3M10$2.3M15$4.4M11-$1.7M12-$2.2M13$558.0K14$464.0K5-$5.0M5
Net income$10.2M10-$25.2M15$9.3M11-$6.9M12-$467.0K13-$9.8M14-$7.1M5$131.0K5
Earnings per share-$0.0913-$1.8314-$1.335$0.025
Earnings per share (diluted)-$1.335$0.025
Shares (weighted, basic)5.4M shares135.4M shares145.4M shares55.4M shares5
Shares (weighted, diluted)5.4M shares55.4M shares5

Compare DallasNews Corporation with another company

Corporate structure

DallasNews Corporation sits at the top of its group. 21 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of DallasNews Corporation

  • DallasNews Corporation Dallas
    • Classified Ventures Subsidiary · Chicago
    • A. H. Belo Management Services, Inc. Subsidiary · Delaware, United States
    • AHC California Dispositions, Inc. Subsidiary · Delaware, United States
    • AHC California Properties, LLC Subsidiary · Delaware, United States
    • AHC Dallas Properties, LLC Subsidiary · Delaware, United States
    • Belo Company (The) Subsidiary · Delaware, United States
    • Belo Enterprises, Inc. Subsidiary · Delaware, United States
    • Belo Interactive, Inc. Subsidiary · Delaware, United States
    • Belo Investments II, Inc. Subsidiary · Delaware, United States
    • Belo Lead Management LLC Subsidiary · Delaware, United States
    • CDFX, LLC Subsidiary · Delaware, United States
    • Cubic Creative, Inc. Subsidiary · Texas, United States
    • Dallas Morning News, Inc. (The) Subsidiary · Delaware, United States
    • Distribion, Inc. Subsidiary · Delaware, United States
    • DMI Acquisition Sub, Inc. Subsidiary · Delaware, United States
    • Fountain Street Corporation Subsidiary · Rhode Island, United States
    • Medium Giant Company, Inc. Subsidiary · Delaware, United States
    • NewsRight, LLC Subsidiary · Delaware, United States
    • Providence Journal Company (The) Subsidiary · Delaware, United States
    • Vertical Nerve, Inc. Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What DallasNews Corporation reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$301.4M5 Dec 31, 2024$307.4M5 Dec 31, 2023−2.0%
Accumulated depreciation$288.8M5 Dec 31, 2024$300.3M5 Dec 31, 2023−3.8%
Property and equipment, net$12.6M5 Dec 31, 2024$7.1M5 Dec 31, 2023+78.0%
Operating-lease assets (leased space)$17.4M5 Dec 31, 2024$16.1M5 Dec 31, 2023+8.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$9.6M5 Dec 31, 2024$11.7M5 Dec 31, 2023−18.0%
Marketable securities, current$05 Dec 31, 2024$10.8M5 Dec 31, 2023−100.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$1.2M5 Dec 31, 2024$1.9M5 Dec 31, 2023−36.2%

Properties, in its own words

Operations · Ownership · Location

Corporate and The Dallas Morning News · Leased · Dallas, Texas

The rest of Item 2

Printing facility · Owned · Plano, Texas

Printing facility · Leased · Carrollton, Texas

Shared mail packaging office and warehouse · Leased · Tempe, Arizona

In addition to the properties above, the Company has various leased locations it uses for news reporting and the distribution of the Company’s publications, and it leases property in Tulsa, Oklahoma used for sales operations. As of December 31, 2024, in aggregate, the Company leased facilities for current use consisting of approximately 288,000 square feet, which includes leased space for its new printing facility in Carrollton, Texas. Until March 11, 2025, the Company owned a printing facility in Plano, Texas that is approximately 620,000 square feet and is located on approximately 1,258,000 square feet of land. Following the sale, the Company is leasing the facility until the new printing facility is fully operational in 2025. See Note 9 – Long-Lived Assets and Note 12 – Subsequent Events for additional information regarding the printing facility transition and recent sale.

Item 2 of the 10-K filed Mar 18, 2025.21

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

The company was organized as a fully owned subsidiary of Belo Corporation on October 1, 2007, then taken public by issuing the new stock to Belo shareholders and starting trade on February 8, 2008. The split was structured so that Belo Corporation was the legal successor of the original company.

While technically this corporate entity was formed in 2008, the organization traces its roots and history back to 1842. The Belo Corporation used the A. H. Belo name from 1926 to 2002 when it was shortened to simply Belo.

In 2016, the company announced that it is planning to leave the Belo Building for The Statler Library, also located downtown. As of 2018, the company website lists 1954 Commerce Street in Dallas as their headquarters address.

The company changed its name and ticker symbol and moved from the New York Stock Exchange to the Nasdaq on June 29, 2021, after acknowledging the history tied to their founder, A. H. Belo, a colonel in the Confederate military during the American Civil War, especially given that the company has its origins as early as 1842.

The change was proposed in 2021 by CEO Robert W. Decherd to embrace "the social justice movement underway in America." The name change was approved by company shareholders the same year, with 99% of votes cast.

In July 2025, Hearst Communications announced it had agreed to purchase DallasNews for $14 a share. The sale is expected to close at the 4th quarter of 2025. A few weeks later Alden Global Capital submitted a competing bid for $16.50 a share, which was rejected by the DallasNews board. Alden then submitted a letter threatening to take their offer directly to DallasNews shareholders.

On September 24, 2025, DallasNews Corporation announced that it had completed its merger with Hearst.

From Wikipedia’s article on DallasNews Corporation, shared under CC BY-SA 4.0.7

Leadership

Who has led DallasNews Corporation, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. James M. Moroney Iii.2008–2018
  2. Robert W. Decherd2008–2020
  3. Grant Moise2025–now

Chair

  1. Robert W. Decherd2008–2020
  2. James M. Moroney Iii.2013–2018

President

  1. Robert W. Decherd2008–2020
  2. James M. Moroney Iii.2013–2018
  3. Timothy Michael Storer2017–2018
  4. Mary K. Murray2024–now

Chief financial officer

  1. Alison K. Engel2008–2014
  2. Mary K. Murray2015–2020
  3. Cathy Collins2024–now
2010201520202025
Board members and other officers (24)

Subsidiaries and ownership

Also owns

Subsidiaries (Exhibit 21)

  • A. H. Belo Management Services, Inc. Delaware8
  • AHC California Dispositions, Inc. Delaware8
  • AHC California Properties, LLC Delaware8
  • AHC Dallas Properties, LLC Delaware8
  • Belo Company (The) Delaware8
  • Belo Enterprises, Inc. Delaware8
  • Belo Interactive, Inc. Delaware8
  • Belo Investments II, Inc. Delaware8
  • Belo Lead Management LLC Delaware8
  • CDFX, LLC Delaware8
  • Cubic Creative, Inc. Texas8
  • DMI Acquisition Sub, Inc. Delaware8
  • Dallas Morning News, Inc. (The) Delaware8
  • Distribion, Inc. Delaware8
  • Fountain Street Corporation Rhode Island8
  • Medium Giant Company, Inc. Delaware8
  • NewsRight, LLC Delaware8
  • Providence Journal Company (The) Delaware8
  • Vertical Nerve, Inc. Delaware8

From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • A. H. Belo CORPFeb 11, 2013 to Jun 29, 20216
  • A. H. Belo Corporation2008 to Jun 29, 20211

Timeline

  1. Sep 25, 2025New chief executive Grant Moise becomes CEO22
  2. Sep 24, 20258-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights54
  3. Sep 23, 20258-K Shareholder vote55
  4. Sep 15, 20258-K Entered a material agreement; Other events56
  5. Jul 30, 20258-K Other events57
  6. Jul 28, 20258-K Entered a material agreement; Change to shareholders' rights; Bylaws or fiscal year changed58
  7. Jul 23, 20258-K Other events59
  8. Jul 10, 20258-K Entered a material agreement; Executive or director change; Bylaws or fiscal year changed60
  9. May 8, 20258-K Shareholder vote61
  10. Apr 30, 20258-K Results of operations62
  11. Apr 21, 20258-K Other events63
  12. Mar 18, 20258-K Results of operations; Other events64
  13. Mar 13, 20258-K Completed an acquisition or sale; Regulation FD disclosure; Other events65
  14. Jun 29, 2021Renamed Name changed to DallasNews Corporation1
  15. Feb 11, 2008Went public Listed on NYSE1
  16. Jan 23, 2008New chief executive Robert W. Decherd becomes CEO24
  17. Jan 23, 2008New chief executive James M. Moroney Iii. becomes CEO23
  18. 2008Founded Founded in Dallas1

Calendar

When it reported results

  1. Apr 30, 2025Reported quarterly or annual results62
  2. Mar 18, 2025Reported quarterly or annual results64
  3. Nov 12, 2024Reported quarterly or annual results66
  4. Jul 30, 2024Reported quarterly or annual results67
  5. May 15, 2024Reported quarterly or annual results68
  6. Mar 6, 2024Reported quarterly or annual results69
  7. Oct 23, 2023Reported quarterly or annual results70
  8. Jul 25, 2023Reported quarterly or annual results71

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

165 filings to the SEC since October 2021: 4 annual reports, 12 quarterly reports, 49 major events, 12 insider forms, 43 large holders, 45 other. The latest 20:

  1. Nov 14, 2025SCHEDULE 13G/A EDGAR
  2. Oct 3, 202515-12G EDGAR
  3. Sep 29, 2025SCHEDULE 13D/A EDGAR
  4. Sep 29, 2025SCHEDULE 13D/A EDGAR
  5. Sep 25, 20254 EDGAR
  6. Sep 25, 2025SCHEDULE 13D/A EDGAR
  7. Sep 25, 20254 EDGAR
  8. Sep 25, 20254 EDGAR
  9. Sep 25, 20254 EDGAR
  10. Sep 25, 20254 EDGAR
  11. Sep 25, 20254 EDGAR
  12. Sep 25, 20254 EDGAR
  13. Sep 25, 20254 EDGAR
  14. Sep 24, 20258-K EDGAR
  15. Sep 24, 2025S-8 POS EDGAR
  16. Sep 24, 2025S-8 POS EDGAR
  17. Sep 24, 2025S-8 POS EDGAR
  18. Sep 24, 2025SCHEDULE 13D/A EDGAR
  19. Sep 23, 20258-K EDGAR
  20. Sep 19, 2025SCHEDULE 13D/A EDGAR

The 165 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

5 open-market trades by officers, directors and large owners since October 2021: 4 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 24, 2025DECHERD ROBERT W10% ownerSale668,770$16.50$11.0MForm 4
Sep 10, 2024DECHERD ROBERT W10% ownerBuy25,000$6.00$150.0KForm 4
Jun 14, 2024MURRAY MARY KSee RemarksBuy309$3.77$1.2KForm 4
Jun 13, 2024MURRAY MARY KSee RemarksBuy5,102$3.83$19.5KForm 4
Jun 12, 2024MURRAY MARY KSee RemarksBuy1,589$3.76$6.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2024Grant S. Moise$660.0K$1.6M85
2024Mary Kathryn (Katy) Murray$445.0K$874.4K85
2024Catherine (Cathy) G. Collins$275.9K$325.1K85
2023Chief Executive OfficerPublisher and President, The Dallas Morning News$660.0K$1.5M85
2023President$445.0K$823.0K85

SEC filer profile

How DallasNews Corporation is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARDallasNews Corp2
  • CIK0001413898
  • Employer ID (EIN)38-376531821
  • Filer statusNon-accelerated filer not a shell company21
  • Incorporated inTexas21
  • Fiscal year endsDecember 312
  • Industry code (SIC)2711 Newspapers: Publishing or Publishing & Printing2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business address1954 Commerce Street, Dallas, TX 752012
  • Mailing addressP.O. Box 224866, Dallas, TX 75222-48662
  • Phone214-977-73422
  • Shares outstanding4,739,012 Common Class A shares; 613,478 Common Class B shares as of Mar 12, 202521
  • Public float$16.6M as of Jun 30, 202421
  • AuditorGRANT THORNTON LLP, Dallas, Texas PCAOB ID 24821
  • On EDGAR sinceOct 12, 20072
  • Filings1,005 in all: 4 (365), 8-K (219), SC 13G/A (72), 10-Q (53), DEFA14A (41), 3 (34), SC 13G (33), SC 13D/A (27)2
    All 42 form types

    10-K (18), DEF 14A (17), 4/A (15), SCHEDULE 13D/A (15), UPLOAD (13), ARS (10), CORRESP (10), SC 13D (8), 5 (6), S-8 POS (6), SCHEDULE 13G/A (5), 10-12B/A (4), 10-Q/A (3), S-8 (3), 25-NSE (2), 3/A (2), 8-A12B (2), 8-K/A (2), NT 10-K (2), NT 10-Q (2), PRE 14A (2), SCHEDULE 13D (2), 10-12B (1), 10-K/A (1), 15-12G (1), 25 (1), 8-A12G (1), CERT (1), CERTNYS (1), CT ORDER (1), DEFM14A (1), DFAN14A (1), PREM14A (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 18, 2025
    Quarterly report (10-Q) Jul 30, 2025
    Proxy statement (DEF 14A) Mar 26, 2025
    Latest 8-K (8-K) Sep 24, 2025

Securities registered for trading

ClassSymbolExchange
Series A Common Stock, $0.01 par valueDALNThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Mar 18, 2025 (Section 12(b) of the Exchange Act).21

Risk factors and legal proceedings

Legal proceedings

DallasNews and its subsidiaries may from time to time be subject to litigation, including matters relating to alleged libel or defamation, governmental proceedings and investigations. Management assesses the likelihood of adverse judgments or outcomes when matters are pending, as well as the ranges of probable losses to the extent losses are reasonably estimable. Adverse determinations in any such matters could require DallasNews to make monetary payments or result in other sanctions or findings that could adversely affect the Company’s business, financial condition and results of operations. Insurance coverage, if any, may not be adequate to cover all costs and/or losses. In some instances, the Company may have a contractual obligation from a third party to indemnify liabilities related to litigation or governmental investigation, but if the third party fails to indemnify us, the Company would be responsible for monetary damages. In the opinion of our management, there are no pending legal proceedings that, if decided adversely to us, would have a material adverse effect on our results of operations, liquidity or financial condition.

The opening of Item 3, Legal Proceedings.21

Sources

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