Non-GAAP Operating Loss Improvement
The company reported an adjusted operating loss of $700,000, an improvement of $200,000 from the previous year's adjusted operating loss of $900,000.
Expense Savings Achieved
The company achieved expense savings of $1.9 million in distribution, $1.2 million in employee benefits and compensation, and $1.1 million in newsprint.
Digital Subscription Growth
Digital-only subscription rates increased by approximately 13.5%, and the company gained over 3,100 digital subscribers since a strategy change in early September.
Pension Plan Funding Status
The company's pension plan is over 90% funded, with no mandatory contributions required in the near term.
Strong Balance Sheet
The company reported having no debt and cash and cash equivalents of $11.6 million as of November 8.