joining today's by Good morning, and and I'm with results. thank you fourth the going to follow everyone, begin quarter then call. for reviewing will results financial full year
loss and related Severance operating the reported loss million quarter. of net announced an Voluntary DallasNews $X.X $X.X includes a GAAP $X.XX closed a Program Corporation the or per for in previously On share quarter, basis million, fourth to million that $X.X of which
we million $X.X an quarter. in $XXX,XXX reported loss operating loss of have In $X.X would income and DallasNews impact, net severance QX year, last a the the reported million. of Excluding operating
distribution the million reported to reductions for basis non-GAAP and is partially quarter, benefits, employee with $X revenue $X.X offset due the period $X.X the adjusted $XXX,XXX, expense of a last total compensation by million. in of On an million to an million, operating year. improvement $X.X The reported of savings a same and primarily of adjusted operating loss improvement greatest compared we of decline income for
revenue to We This million decline due $X.X $XX.X for reduction or the reported year-over-year million of print is XX.X% primarily accounting preprints million end year. last to a primarily shared The for advertising $XX the advertising from compares total revenue resulting XX. our quarter. August program year-over-year. X.X% decision After was core mail decline, deliver inserts to this to on and weekly down print in
celebrating the when increased offset Circulation $XXX,XXX or to of last sales World which Texas Rangers revenue decline single-copy Digital-only year, $XXX,XXX winning subscription Series. $XXX,XXX circulation a print increased XX.X%, the compared X.X%. revenue by partially from includes or million $X.X
for expense Al Dia a to $X.X last by million August period in when million non-GAAP discontinuation publications, basis, employee same at and quarter compensation in end was $X.X $XX.X the program editions operating expense and is $X.X $XXX,XXX the again the in the in year. total Briefing shared result of On and reduction of our of of print-only compared improvement mail benefits, services. The of savings million adjusted of of outside $X.X primarily an driven the newsprint year last niche million million, expense and distribution, the
loss a severance of $X.XX per On full to million. net includes and expense which $X or Turning loss share a results. we of of million year $X.X operating $X.X GAAP basis, million, reported an
$XXX,XXX. severance loss expense an $X.X of million, GAAP For XXXX, which includes loss and we operating reported of a $X of net million
$XX.X a $X.X the primarily decline compared is total by million, result offset again, operating partially million distribution are The expense of $X the newsprint, million, greatest decline savings due a reported editions. expense million. basis the revenue and primarily The $XX improvement and loss to adjusted the year $X.X On operating of of and print-only mail $XX to an services improvement loss adjusted outside total of the non-GAAP year, for $X.X of an million when in of we for million, million costs, the with revenue an the of distribution in program savings shared of reductions XXXX. discontinuation
to and of and reported of We revenue niche the discontinuation advertising the year-over-year for publications. our the shared total is of million $XXX.X million primarily decline compares The driven decline again, by million, last mail print-only $X.X program year, editions to $XXX.X this year. print of due a
increase partially declined advertising digital marketing X.X% and digital or Digital a marketing by our advertising primarily an in on and revenue dallasnews.com to offset revenue, $XXX,XXX services in in services due decline replica.
is $XXX,XXX. year-over-year Rangers' third year single-copy This sales. again, Circulation revenue by consecutive growth, of increased the helped
News XX,XXX XX, or The on had the of and balancing subscribers, year. to compared digital As of subscribers the X.X% in digital-only X,XXX is of decline decrease a The volume December company's focus result specific price. last
and Total our digital XXX,XXX this compares is digital summary A as to of under the historical XX, memberships, subscribers, XXXX. delivery website XX, December as also including of Relations print XXX,XXX and home on both saved of subscriptions, December Investor quarterly as subscribers, and known was section.
again, property $XXX,XXX expense savings million outside ben shared services, $X.X operating in the changes year. expense $X total our when $XXX,XXX Other program, the $XXX.X primarily was $XXX.X million The distribution, million, $XX.X in adjusted in of compared $X.X of these operating to improvement comp X.X% is year, last due and in to compared an printing expense $XXX,XXX from primarily distribution. in reductions million in rental. X.X% for mail a and or non-GAAP revenue last to are resulting On and improvement to or revenue and adjusted million commercial year million from newsprint, basis, in decreased of employee due
lower and continued The Newsprint year-over-year as favorably. favorable to print-only Al editions has Dia a of result of circulation is trend newsprint expense discontinuing Briefing. purchase price and
decrease I'm see say favorable in are so $XXX end of newsprint was to metric year, a XXXX. of continuing compares As XX.X%. cost per inventory far metric to XXXX, ton And this pricing $XXX, the average $XXX we per of the in and or to ton pleased
of was XXX, down As head XX, December last compared to year. count XX
which we of As of the left X. the of the in end to Voluntary on reflects departure employees, elected XX Severance the the and fall of most company who XXX last participate employees January had offered Program February,
million December was with Cash as cash XX. investments along million. as of And $XX.X $XX of short-term March X, was
the year, tax the expense. company $XXX,XXX of For recorded
We expect be in $XXX,XXX primarily to XXXX cash Texas franchise taxes to tax. approximately the related
loss XXXX, had carryforwards. the have $XX.X million million of As company December million expiration. in not in $XX.X XXXX, net expires federal XX, operating does and $XX.X any
do in contributions regards our have expect we mandatory XXXX any not to In pension to in plan, XXXX. or
progress year and strategy, our this right we sheet what we the toward our XXXX. are with the expected encouraged good how remain with on balance end in pleased We company in made are position long-term seeing a in by year. we were so are We line and the far to
turn over the call I Grant. to now will
