DallasNews Corporation Names Grant S. Moise Chief Executive Officer and Mary Kathryn (Katy) Murray President, Succeeding Robert W. Decherd in these Roles
13 May 2022 - 12:35AM
DallasNews Corporation (Nasdaq: DALN) (the “Company”) announced
today that its Board of Directors has appointed 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
ultimate retirement from the Board in September 2023. Moise will
continue in his role as President and Publisher of
The Dallas Morning News. Mary Kathryn (Katy) Murray
will become President of the Company and continue as Chief
Financial Officer.
The Company’s Lead Director, John A. Beckert, said, “We are
tremendously confident in the abilities that Grant and Katy bring
to bear in their expanded roles. Robert has done an exceptional job
preparing them to lead DallasNews Corporation in our quest to
become a sustainably profitable digital media enterprise, and we
thank him for returning to the role of Chief Executive Officer for
the past four years.”
Decherd said, “Grant Moise and Katy Murray are highly capable
leaders who fully embrace the purposes of DallasNews Corporation
and are intensely focused on the transition we’ve undertaken to
assure the journalistic quality of
The Dallas Morning News while building the
foundation for a profitable business. Their promotions mark the
completion of a reshaping of DallasNews’ corporate structure to
have a smaller leadership team and less overall executive
compensation to reflect the size company we have become.”
Moise, 47, has worked in 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 has led the
newspaper’s move 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
received 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 CFO of SourceHOV, Pivot3, Taleo
Corporation and i2 Technologies. She was an executive vice
president of both Taleo and i2. Murray is treasurer and an
Executive Committee member of Downtown Dallas, Inc., and from 2016
– 2018 chaired the board of the SPCA of Texas. She holds a B.S in
accounting and a M.S. in accounting from Louisiana State
University.
Decherd returned to the Company as CEO in May 2018, having
retired from that role in 2013. He has served on the Board of
Directors of the Company and its predecessors since 1976 and is
DallasNews Corporation’s largest individual shareholder with
52.7 percent of the Company’s voting power.
About DallasNews
Corporation
DallasNews Corporation is the Dallas-based holding company of
The Dallas Morning News and Medium Giant.
The Dallas Morning News is Texas’ leading daily
newspaper with a strong journalistic reputation, intense regional
focus and close community ties. Medium Giant is a media and
marketing agency of divergent thinkers who devise strategies that
deepen connections, expand influence, and scale success for clients
nationwide. For additional information, visit
dallasnewscorporation.com or email invest@dallasnews.com.
Statements in this communication concerning DallasNews
Corporation’s business outlook or future economic performance,
revenues, expenses, 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. 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 changes in advertising demand and
other economic conditions; consumers’ 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 guarantee
that the board of directors will approve a quarterly dividend in
future quarters; as well as other risks described in the Company’s
Annual Report on Form 10-K and in the Company’s other
public disclosures and filings 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.
Contact:Katy Murray214-977-8869
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