Lower advertising and marketing revenue and higher newsprint and other costs resulted in a third-quarter loss for the parent company of The Dallas Morning News.
DallasNews Corporation reported a loss of $2.6 million for the three-month period that ended Sept. 30, compared with a profit of $1.63 million for the same quarter last year when results were boosted by a one-time tax gain.
Quarterly revenue totaled $37.7 million, down 1.6% from a year ago. Revenue from advertising and marketing services fell 3.2% over the same period.
Revenue from digital-only subscribers rose by $1 million, but was largely offset by a $900,000 decline in print subscription revenue.
The News ended the quarter with 64,172 digital subscribers, up 12.4% from a year ago, said Katy Murray, president of DallasNews Corporation. Combined digital and print subscribers totaled 144,631, down 2.3% from a year ago.
For most regional newspapers, digital subscriptions aren’t…
