Chris Mooney: Okay. Well, it sounds like things have improved some in the first quarter versus the trends that kind of went into place in the fourth quarter, seems to be encouraging.
Katy Murray: Yes, that’s a correct statement, Chris.
Chris Mooney: There’s a one liner in the press release that says the current phase of the RTG plan will be the most challenging. Could you bring some additional color to that? And the key business drivers that your team is focused on?
Grant Moise: Yeah. Chris, I think there’s a few different factors that contribute to that comment. One of them is we — the external environment, which as we all know, in markets is rather unstable. That’s not only inflation but it’s the kind of pressures that we’re seeing on wages. And we have — as Katy — as we mentioned here on this, we’re in this kind of 650 to 660 employee range. We believe that is about the correct size for the company. But the first factor of that is just some of the external pieces of the equation that are on there, especially, Kate, the points we’ve made on newsprint. We are used to seeing that line of expense be a decreasing line for us. And as you’ve seen in 2022, it was an increasing line for us.
Also, too, there are — we are at the point now from an investment standpoint, we’re not only in people but in systems, we are really at a point where we are investing and have in our technology. And we’re in this stage of now making sure that our talent is optimizing those platforms, so that we can see more consistent digital growth, especially in membership. I think part of what we’ve seen on our membership patterns, Chris, has been that we see waves of great volume growth and then we see that kind of dissipate and become a little bit lower. And so this is a stage where we need to see more consistency in that line of our membership volume growth, and it’s there. It’s just there in a bit of fits and starts. And I think otherwise, Chris, I think there’s just a real sense for us that we’re at an important part in this.
We’re a combination of outside factors and internal factors. We just see it as a point where we’ve got our heads down, knowing that we want to get this revenue back into a growing phase, but as we also referred to in here, we have trimmed out some of those lower margin digital products because we are really focused on getting these new wider margin marketing services products sold, and that’s going to just take a lot of time and effort. But I’m happy with what I’m seeing that team accomplishing within that goal.
Operator: And at this time, there are no other questions in queue.
Katy Murray: Well, Roxanne, we will end our call. I’d like to thank everybody for joining us for our 2022 earnings call, and we look forward to talking with everyone again towards the end of April when we discuss our first quarter of 2023 results. I hope everybody has a great weekend.
Operator: And a replay of this call is available on the company’s website, dallasnewscorporation.com under the Investor Relations page. And this concludes our conference today. Thank you for your participation and for using AT&T conferencing service. You may now disconnect.
