DALLAS, May 12, 2022 (GLOBE NEWSWIRE) — DallasNews Corporation (Nasdaq: DALN) (the “Company”) announced today that its Board of Directors has named Grant S. Moise as Chief Executive Officer, succeeding Robert W.Decherd. Decherd becomes Executive Chairman and will continue in this role until May 2023, and thereafter will continue to serve as a Director until his final retirement from the Board in September 2023. Moise will continue in his role as Chairman and Publisher of The Dallas Morning News. Mary Kathryn (Katy) Murray will become President of the Company and remain Chief Financial Officer.
The company’s senior director, John A. Beckert, said, “We are extremely confident in the abilities Grant and Katy bring to their expanded roles. Robert has done an outstanding job grooming them to lead DallasNews Corporation in our quest to become a sustainably profitable digital media company, and we thank him for taking over the role of CEO for the past four years.
Decherd said, “Grant Moise and Katy Murray are very capable leaders who are fully committed to the goals of DallasNews Corporation and are intensely focused on the transition we have undertaken to ensure the journalistic quality of The Dallas Morning News while laying the foundation for a profitable business. Their promotions mark the completion of an overhaul of the DallasNews corporate structure to have a smaller management team and less overall executive compensation to reflect the size of the company we have become.
Moise, 47, has held a wide range of roles at The news and the Company over the past 20 years. He became president and publisher of The news in March 2018 and led the newspaper’s shift to a digital-first strategy. Moise serves on the boards of the News Media Alliance, the Dallas Citizens Council, the SMU Maguire Center for Ethics and Public Responsibility, and the TCU Neeley School of Business Board of Advisors. He graduated in 1997 from the University of Kansas with a degree in journalism and earned his MBA from TCU’s Neeley School of Business in 2002.
Murray, 53, joined DallasNews Corporation in 2015 as chief financial officer and was named executive vice president in 2020. She previously served as chief financial officer of SourceHOV, Pivot3, Taleo Corporation and i2 Technologies. She served as executive vice president of Taleo and i2. Murray is treasurer and member of the executive committee of Downtown Dallas, Inc., and from 2016 to 2018 he chaired the board of the Texas SPCA. She holds a BS in Accounting and a Masters in Accounting from Louisiana State University.
Decherd returned to the company as CEO in May 2018, after retiring in 2013. He has served on the company’s and predecessors’ boards of directors since 1976 and is DallasNews Corporation’s largest individual shareholder with 52 .7% of the company’s voting rights. .
On DallasNews society
DallasNews Corporation is the Dallas-based holding company of The Dallas Morning News and middle giant. The Dallas Morning News is Texas’ leading daily newspaper with a strong journalistic reputation, intense regional focus and strong community ties. Medium Giant is a media and marketing agency comprised of diverse thinkers who craft strategies that deepen relationships, expand influence, and expand client success nationwide. For more information, visit dallasnewscorporation.com or email [email protected]
Statements contained in this communication regarding DallasNews Corporation’s future business prospects or economic performance, revenues, expenses and other financial and non-financial items that are not historical facts are “forward-looking statements” as defined in applicable federal securities laws. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from such statements. These risks, trends and uncertainties are, in most cases, beyond the Company’s control and include changes in advertising demand and other economic conditions; consumer tastes; newsprint prices; program costs; labor relations; cybersecurity incidents; technological obsolescence; and the current and future impacts of the COVID-19 pandemic. Among other risks, there can be no assurance that the Board of Directors will approve a quarterly dividend in subsequent quarters; and other risks described in the company’s annual report on Form 10-K and in other public disclosures and filings by the company with the Securities and Exchange Commission. Forward-looking statements, which are as of the date of this filing, are not updated to reflect events or circumstances after the date of the statement.