New revenue at Dallas Morning News offsets majority of print-revenue declines
At The Dallas Morning News, revenue from new businesses "offset about 60 percent of the core print advertising revenue declines in the fourth quarter and about 70 percent of these declines for the full-year 2013," A.H. Belo CEO Jim Moroney said in the company's fourth-quarter and full-year earnings report Wednesday.
Digital revenue at the Morning News was up 9 percent in 2013, "primarily due to the continued growth in marketing services revenue associated with 508 Digital and Speakeasy," the report says. 508 Digital is an agency set up to sell "digital solutions" to local businesses and Speakeasy is a joint venture with an ad agency intended to "create and manage campaigns for local and national brands."
The company's overall digital revenue was up only 7 percent, though, offset by losses at The Providence Journal, the report says. Overall advertising revenue was down 4 percent for the year, circulation revenue was up 2 percent and printing revenue was up 6 percent.
A.H. Belo sold The (Riverside, Calif.) Press-Enterprise to the owners of the Orange County Register in 2013, and the company is debt-free, the report says. The company "continues to explore" a sale of the Providence paper, the report says.