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DALLAS - DallasNews Corporation (NASDAQ:DALN), a media company with a market capitalization of $24.4 million and currently profitable with a return on assets of 40.8%, announced Tuesday that Pulitzer Prize winner Colleen McCain Nelson will become Executive Editor of The Dallas Morning News effective August 11. According to InvestingPro analysis, the company maintains strong liquidity with a current ratio of 2.49, though its stock has declined 42% over the past six months.
Nelson, 51, currently serves as Executive Editor of The Sacramento Bee and California regional editor for McClatchy Media, where she oversees five California newsrooms. She returns to The Dallas Morning News where she previously worked for nearly 12 years as a writer earlier in her career. For investors tracking DALN’s performance, InvestingPro data reveals the company holds more cash than debt on its balance sheet, with several additional insights available through the comprehensive Pro Research Report.
During her time at The Dallas Morning News, Nelson was part of the team that won the 2010 Pulitzer Prize for editorial writing for a series on economic and social disparities in Dallas.
"While my career has taken me to the West Coast and even the White House, I learned about the power of local journalism at The Dallas Morning News," Nelson said, according to the press release.
Nelson replaces Katrice Hardy, who departed in February to become CEO of The Marshall Project. Grant Moise, Publisher of The Dallas Morning News, said the company conducted a nationwide search for the position.
Nelson’s career includes roles as a White House correspondent for The Wall Street Journal, vice president and editorial page editor of the Kansas City Star, and national opinion editor for McClatchy. Under her leadership in Sacramento, the newsroom has won several national and state journalism awards.
A graduate of the University of Kansas, Nelson began her career at the Wichita Eagle and has also worked at the Fort Worth Star-Telegram. She has served on the Reporters Committee for Freedom of the Press and the California News Publishers Association Board of Directors. With the company’s next earnings report due on July 28, investors can access detailed financial analysis and additional ProTips through InvestingPro’s comprehensive coverage of DALN and over 1,400 other US stocks.
In other recent news, DallasNews Corporation reported its first-quarter earnings for 2025, showing a GAAP net income of $28.3 million, or $5.28 per share. This positive result was largely due to a substantial gain from the sale of its Plano printing facility. However, the company faced a decline in total revenue, which fell to $29.1 million, marking a $2 million decrease from the previous year. Despite the revenue drop, DallasNews saw a 16% increase in subscriber starts, attributed to the introduction of a new AI-powered paywall.
Additionally, the company held its 2025 Annual Meeting of Shareholders, where John A. Beckert, Louis E. Caldera, Ronald D. McCray, Grant S. Moise, and Dunia A. Shive were elected as directors for a one-year term. Shareholders also ratified the appointment of Grant Thornton LLP as the independent auditor for the fiscal year ending December 31, 2025. The meeting results underscore shareholder confidence in the company’s leadership and strategic direction.
The company is also focusing on digital investments and anticipates annual expense savings of $5 million starting in May. Looking ahead, DallasNews plans to further invest in digital products and expand its portfolio, with more detailed guidance expected by the end of the second quarter.
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