Washburne

Photo courtesy Flickr

Four days ago, Ray Washburne’s Charter Holdings snapped up the Trinity West shopping center at Singleton Boulevard and Hampton Road. Late Friday, it was announced his Charter DMN Holdings had also purchased the former Dallas Morning News building.

Known by many as the “Rock of Truth” because of the words etched on the front, Washburne’s company purchased the campus for $28 million, paying $5.6 million in cash paid today at closing, and a two-year promissory note for the remaining $22.4 million. (more…)

Dallas Morning News

Photo courtesy Wikimedia Commons

On the heels of a dismal fourth quarter in 2018, one institutional investor in Dallas Morning News parent company A.H. Belo has signaled its discontent with the decisions the company has made with a letter filed with the Securities and Exchange Commission on Monday.

Minerva Advisors, an investment management firm based in the Philadelphia suburb of Bala Cynwyd, Pennsylvania, filed the letter with the SEC, saying that the company should go private, and “has no business remaining publicly traded.” (more…)

Photo courtesy Wikimedia Commons)

From staff reports

Word came early this morning that the Dallas Morning News laid off 43 employees, including 20 writers, editors, and other newsroom personnel, marking yet another round of staff reductions as print revenue declines.

The 43 layoffs account for about 4 percent of the A.H. Belo Corp. employees, the newspaper said. It did not say what percentage of Dallas Morning News employees that equated to, nor did it disclose how much of the newsroom that accounted for. (more…)