Exhibit 99.1

DallasNewsCorporationAnnouncesSecondQuarter2025Financial Results

· Agency segment profit improved $0.2 million on a year-over-year basis

· Pension annuitization is complete and the Company recognized a non-cash pension settlement charge of $35.3 million

· On July  9,  the Company entered into an Agreement and Plan of Merger with Hearst

DALLAS–  DallasNewsCorporation(Nasdaq:DALN)(the “Company” or “DallasNews”),the Dallas-based holding company of The Dallas Morning News and Medium Giant, todayreported financial results for the second quarter of2025.

For thesecondquarter of 2025, the Company reporteda  net lossof $33.5 million, or $(6.26)pershare, and operating income of $1.3 million. The second quarter net loss includes anon-cash pension settlement charge of $35.3 million resulting from the annuitization of the Company’s pension plans. In the second quarterof 2024,  the Company reported net income  of  $1.5 million, or $0.27per share, andoperating income of $0.6 million.

For the second quarterof 2025, on a non-GAAP basis, DallasNewsreported operating incomeadjusted for certain items (“adjusted operating income”)  of $1.6million, an increaseof $0.4millionor 36.7 percent when compared to adjusted operating income of $1.2 millionreported in the second quarterof 2024. The improvementis primarily due toexpense savings of $1.0 millionin employee compensation and benefits, $0.8 million in outside services,  and $0.6 million attributable to the transition to a smaller, leasedprinting facility, partially offset by a total revenue decline of $2.3 million.

SecondQuarter Results

Total revenue was $29.8million in the second quarterof 2025,  a decrease of $2.3million or7.2percentwhen compared to thesecond quarterof 2024.

Revenue from advertising and marketing services, including print and digital revenues,was $12.3 million in the  second quarterof 2025,  a decrease of $0.5 million or 3.8percent when compared to the $12.8million reported for the second quarter of 2024.The decline is primarily due to a print advertising revenue decrease of $0.3 millionor 4.6 percent.

DallasNewsCorporationAnnouncesSecond Quarter2025Financial Results

July 30,  2025

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Circulation revenue was $15.3million in the second quarterof 2025,  a decrease of $0.9 million or 5.7 percent when compared to the $16.2 million reported for the second quarterof 2024.  The decline is primarily due to a print circulation revenue decrease of $0.7 million or 5.9 percent.

Printing, distribution and other revenue was $2.2 million, a decrease of $0.9 million or 28.9 percent when compared to the second quarter of 2024,  due to thecancellation of a  mailed advertisements partnership in April 2025.

Total consolidated operating expense in the second quarterof 2025,  on a GAAP basis, was $28.5 million, an improvement of $3.0 million or 9.5 percent.The improvement is primarily due to expense savings of $1.1 million in employee compensation and benefits, $0.8 million in outside services, $0.6 million attributable to the transition to a smaller,  leased printing facility and $0.4 million in newsprint. $0.5 million of the savings in outside services is a result of the canceled mailed advertisements partnership, partially offsetting the loss in revenue associated with this partnership.

On a non-GAAP basis,adjusted operating expensewas$28.2 million, an improvement of $2.7 millionor 8.8 percent whencompared to the second quarterof2024.  Excluding the change in severance expense of $0.1 million, employee compensation and benefits expense improved$1.0 million.

As of June 30,  2025,  the Company had  451 employees, aheadcount decrease of 82or 15.4 percent when compared to the prior year period,  primarily the result of transitioning to a smaller, more efficient printing facility.  Cash and cash equivalents were$33.7 millionat June30,  2025,  and the Company has no debt.

DallasNewsCorporationAnnouncesSecond Quarter2025Financial Results

July 30,  2025

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Merger with Hearst

As previously announced, in July the Company entered into an Agreement and Plan of Merger with Hearst Media West, LLC(“Parent”), Destiny Merger Sub, Inc., a wholly owned subsidiary of Parent (“Merger Sub”), and, solely for the purposes specified therein, Hearst Communications, Inc., the indirect owner of all of the outstanding equity of each of Parent and Merger Sub (as amended on July 27, 2025, the “Merger Agreement”). The Merger Agreement is subject to customary closing conditions including, among other things, a shareholder vote in favor of the Merger Agreement, and it may be terminated under certain circumstances. If the Merger Agreement is consummated, the Company’s Series A Common Stock will be delisted from The Nasdaq Stock Market LLC and deregistered under the Securities Exchange Act of 1934, as amended. DallasNews shareholders will receive $15.00 in cash for each share of common stock - a premium of approximately 242 percent based on the closing price of DallasNews’ common stock of $4.39 per share on July 9, 2025. The transaction, which has been unanimously approved by the boards of directors of both companies, is expected to close during the third or early fourth quarter of 2025.

DallasNewsCorporationAnnouncesSecond Quarter2025Financial Results

July 30,  2025

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Segment Information

The Company determined it has the following two reportable segments:

· TDMN primarily generates revenue from subscriptions and retail sales of The Dallas Morning News, and sales of advertising within its newspaper and on related digital platforms by Medium Giant’s cross-functional sales team.

· Agency generates revenue from the services offered by the Company’s full-service advertising agency, Medium Giant.

The primary measure of segment profitability utilized by the Chief Operating Decision Maker (“CODM”) is segment profit (loss), which excludes Corporate and Other costs that are not associated with the ongoing operations of the segments.Reconciliation of segment profit (loss) to consolidated operating income (loss), and disaggregated revenue by reportable segment and revenue source are included in the exhibits to this release.

DallasNewsCorporationAnnouncesSecond Quarter2025Financial Results

July 30,  2025

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Non-GAAPFinancialMeasures

The CODM uses adjusted operating income (loss) for the purposes of evaluating consolidated performance and allocating resources.

Reconciliations of operating income (loss) to adjusted operating income and total operating costs and expense to adjusted operating expense are included in the exhibits to this release.

The Company calculates adjusted operating income (loss) by adjusting operating income (loss) to exclude depreciation, severance expense, (gain) loss on sale/disposal of assets, and asset impairments (“adjusted operating income (loss)”).TheCompany believes that inclusion of certain noncash expenses and other items in the results makes for more difficult comparisons between years and with peer group companies.

Adjusted operating income (loss) is not a measure of financial performance under generally accepted accounting principles (“GAAP”). Management uses adjusted operating income (loss) and similar measures in internal analyses as supplemental measures of the Company’s financial performance, and for performance comparisons versus its peer group of companies. Management uses this non-GAAP financial measure for the purposes of evaluating consolidated Company performance. The Company therefore believes that the non-GAAP measure presented provides useful information to investors by allowing them to view the Company’s business through the eyes of management and the Board of Directors, facilitating comparison of results across historical periods and providing a focus on the underlying ongoing operating performance of its business. Adjusted operating income (loss) should not be considered in isolation or as a substitute for net income (loss), cash flows provided by (used for) operating activities or other comparable measures prepared in accordance with GAAP. Additionally, this non-GAAP measure may not be comparable to similarly-titled measures of other companies.

DallasNewsCorporationAnnouncesSecond Quarter 2025Financial Results

July 30,  2025

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AboutDallasNewsCorporation

DallasNews Corporation is the Dallas-based holding company of The Dallas Morning News and Medium Giant.

The Dallas Morning News, Texas’ leading daily newspaper, is renowned for its excellent journalistic reputation, intense regional focus, and close community ties. As a testament to its commitment to quality journalism, the publication has been honored with nine Pulitzer Prizes.

Medium Giant, an integrated creative marketing agency with offices in Dallas and Tulsa, works with a roster of premium brands and companies. In 2024, the agency earned top industry recognition, winning an AAF Addy and the AMA DFW Annual Marketer of the Year Award for Campaign of the Year, along with six prestigious Davey Awards. Medium Giant is a wholly owned business of DallasNews Corporation. For additional information, visit mediumgiant.co.

Statements in this communication concerning the Merger, the expected timing and completion of the Merger, the Company’s business outlook or future economic performance, revenues, expenses, cash balance, investments, business initiatives, working capital, and other financial and non-financial items that are not historical facts are “forward-looking statements” as the term is defined under applicable federal securities laws. Words such as “anticipate,” “assume,” “believe,” “can,” “could,” “estimate,” “forecast,” “intend,” “expect,” “may,” “project,” “plan,” “seek,” “should,” “target,” “will,” “would” and their opposites and similar expressions are intended to identify forward-looking statements. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those statements. Such risks, trends and uncertainties are, in most instances, beyond the Company’s control, and include but are not limited to, the factors and matters described in this communicationand theCompany’s other public disclosures and filings with the Securities and Exchange Commission, and the following factors: the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; the Company’s obligation to pay a termination fee if the Merger is terminated under certain circumstances; the outcome of any legal proceedings that may be instituted against the Company and others following announcement of the Merger Agreement or the adoption of the Rights Agreement; the inability to complete the proposed Merger due to the failure to obtain the requisite approval of the Company’s shareholders or the failure to satisfy other conditions to completion of the Merger; risks that the proposed transaction disrupts current plans and operations and the potential difficulties in employee retention as a result of the Merger; the impact, if any, of the announcement or pendency of the Merger on the Company’s business and relationships with customers or other commercial partners; the impact, if any, of the restrictions on the conduct of the Company’s business imposed by the Merger Agreement; the amount of the costs, fees, expenses and charges related to the Merger and the shareholder rights agreement (the “Rights Agreement”); the ability of the Rights Agreement to protect shareholders’ interests and to effectively ensure that the Board has sufficient time to make informed judgments that are in the best interests of the Company and its shareholders; changes in advertising demand and other economic conditions; consumers’ tastes; newsprint and distribution prices; program costs; the Company’s ability to successfully execute the Return to Growth Plan; the Company’s ability to maintain compliance with the continued listing requirements of The Nasdaq Capital Market; the success of the Company’s digital strategy; changes in economic policies and tariffs; labor relations; cybersecurity incidents; and technological obsolescence. Forward-looking statements, which are as of the date of this communication, are not updated to reflect events or circumstances after the date of the statement.

DallasNews Corporation and Subsidiaries

Consolidated Statements of Operations

	Three Months Ended June 30,				Six Months Ended June 30,
In thousands, except share and per share amounts (unaudited)	2025		2024		2025		2024
Net Operating Revenue:
Advertising and marketing services	$	12,302	$	12,784	$	23,115	$	24,430
Circulation		15,263		16,181		30,710		32,481
Printing, distribution and other		2,201		3,096		5,066		6,252
Total net operating revenue		29,766		32,061		58,891		63,163
Operating Costs and Expense:
Employee compensation and benefits		13,592		14,738		28,439		30,855
Other production, distribution and operating costs		13,713		15,046		28,384		30,105
Newsprint, ink and other supplies		932		1,302		2,203		2,586
Depreciation		370		407		704		805
Gain on sale/disposal of assets, net		(104)		—		(36,310)		—
Total operating costs and expense		28,503		31,493		23,420		64,351
Operating income (loss)		1,263		568		35,471		(1,188)
Other income (loss), net(1)		(34,979)		641		(34,914)		1,252
Income (Loss) Before Income Taxes		(33,716)		1,209		557		64
Income tax provision (benefit)		(224)		(241)		5,764		(23)
Net Income (Loss)	$	(33,492)	$	1,450	$	(5,207)	$	87
Per Share Basis (2)
Net income (loss)
Basic	$	(6.26)	$	0.27	$	(0.97)	$	0.02
Diluted	$	(6.26)	$	0.27	$	(0.97)	$	0.02
Number of common shares used in the per share calculation:
Basic		5,352,490		5,352,490		5,352,490		5,352,490
Diluted		5,352,490		5,352,490		5,352,490		5,352,490

(1) Three and six months ended June 30, 2025, includes a non-cash pension settlement charge of $35,266.

(2) The Company’s Series A and Series B common stock equally share in the distributed and undistributed earnings. There were no options or RSUs outstanding as ofJune30,  2025and 2024, that would result in dilution of shares or the calculation of EPS under the two-class method as prescribed under ASC 260 – Earnings Per Share.

DallasNews Corporation and Subsidiaries

Consolidated Balance Sheets

	June 30,		December 31,
In thousands (unaudited)	2025		2024
Assets
Current assets:
Cash and cash equivalents	$	33,700	$	9,594
Accounts receivable, net		8,981		10,662
Other current assets		5,072		4,087
Total current assets		47,753		24,343
Property, plant and equipment, net		10,057		12,633
Operating lease right-of-use assets		16,210		17,434
Deferred income taxes, net		399		5,609
Other assets		1,816		1,824
Total assets	$	76,235	$	61,843
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	3,884	$	4,808
Accrued compensation and other current liabilities		7,994		11,498
Contract liabilities		8,852		8,689
Total current liabilities		20,730		24,995
Long-term pension liabilities		—		11,764
Long-term operating lease liabilities		16,155		17,379
Other liabilities		866		892
Total liabilities		37,751		55,030
Commitments and contingencies
Total shareholders' equity		38,484		6,813
Total liabilities and shareholders’ equity	$	76,235	$	61,843

DallasNews Corporation and Subsidiaries

Disaggregated Revenue by Reportable Segment and Revenue Source

	Three Months Ended June 30,				Six Months Ended June 30,
In thousands (unaudited)	2025		2024		2025		2024
TDMN
Print advertising	$	6,257	$	6,558	$	11,206	$	12,197
Digital advertising		2,164		2,274		4,055		4,232
Agency
Marketing and media services		3,881		3,952		7,854		8,001
Advertising and Marketing Services	$	12,302	$	12,784	$	23,115	$	24,430
TDMN
Print circulation		10,915		11,603		21,962		23,359
Digital circulation		4,348		4,578		8,748		9,122
Circulation	$	15,263	$	16,181	$	30,710	$	32,481
TDMN
Printing, Distribution and Other	$	2,201	$	3,096	$	5,066	$	6,252
Total Revenue	$	29,766	$	32,061	$	58,891	$	63,163

DallasNews Corporation and Subsidiaries

Reconciliation of Segment Profit (Loss) to Operating Income (Loss)

	Three Months Ended June 30,				Six Months Ended June 30,
In thousands (unaudited)	2025		2024		2025		2024
TDMN
Net operating revenue	$	25,885	$	28,109	$	51,037	$	55,162
Employee compensation and benefits		9,369		10,190		19,375		20,783
Other production, distribution and operating costs		9,302		10,442		19,541		20,574
Newsprint, ink and other supplies		837		1,162		1,980		2,240
Operating costs and expense		19,508		21,794		40,896		43,597
TDMN Segment Profit	$	6,377	$	6,315	$	10,141	$	11,565
Agency
Net operating revenue	$	3,881	$	3,952	$	7,854	$	8,001
Employee compensation and benefits		1,875		2,108		3,751		4,534
Other production, distribution and operating costs		1,678		1,673		3,407		3,492
Newsprint, ink and other supplies		95		140		223		346
Operating costs and expense		3,648		3,921		7,381		8,372
Agency Segment Profit (Loss)	$	233	$	31	$	473	$	(371)
Total Segment Profit	$	6,610	$	6,346	$	10,614	$	11,194
Reconciling items:
Corporate and Other (1)		(5,347)		(5,778)		24,857		(12,382)
Operating Income (Loss) (1)	$	1,263	$	568	$	35,471	$	(1,188)

(1) Six months ended June 30, 2025, includes a net gain of $36,310 from the Plano printing facility sale.

DallasNews Corporation - Non-GAAP Financial Measures

Reconciliation of Operating Income (Loss) to Adjusted OperatingIncome

	Three Months Ended June 30,				Six Months Ended June 30,
In thousands (unaudited)	2025		2024		2025		2024
Total net operating revenue	$	29,766	$	32,061	$	58,891	$	63,163
Total operating costs and expense		28,503		31,493		23,420		64,351
Operating Income (Loss)	$	1,263	$	568	$	35,471	$	(1,188)
Total operating costs and expense	$	28,503	$	31,493	$	23,420	$	64,351
Less:
Depreciation		370		407		704		805
Severance expense		75		198		542		776
Gain on sale/disposal of assets, net		(104)		—		(36,310)		—
Adjusted Operating Expense	$	28,162	$	30,888	$	58,484	$	62,770
Total net operating revenue	$	29,766	$	32,061	$	58,891	$	63,163
Adjusted operating expense		28,162		30,888		58,484		62,770
Adjusted Operating Income	$	1,604	$	1,173	$	407	$	393