Daily Journal Corp
DJCODaily Journal Corp (DJCO) is a publishing and technology company best known for its legal and business publishing products, including the influential "Daily Journal" legal newspaper in California. The company also develops and licenses computer software for legal and business professionals, such as litigation support and court calendaring systems. Founded in 1987, Daily Journal Corp combines traditional publishing with technology solutions to serve its professional clientele.
Company News
Daily Journal Corporation has rejected demands from activist investor Alexander Erwin Parker of Buxton Helmsley USA, Inc., who threatened a proxy contest and disciplinary referrals against board members and executives unless the company agreed to capitalize software development costs and provide Parker with board seats and a lucrative consulting ...
Buxton Helmsley issued an open letter to Baker Tilly US, LLP, the auditor of Daily Journal Corporation, highlighting governance and compliance concerns. The investment firm plans to accumulate DJCO common stock after releasing the letter.
Daily Journal Corporation rejected Buxton Helmsley's proposal to capitalize software development costs, with CEO Alexander E. Parker demanding equity compensation and board seats. The company engaged an independent accounting consultant and dismissed Parker's claims, even suggesting he would learn with age about professional interactions.
Daily Journal Corporation reported a 10.7% increase in consolidated revenues for the three months ended December 31, 2024, driven by growth in its Journal Technologies business segment. However, the company's non-operating income and consolidated pretax income declined compared to the prior year period.
Daily Journal Corporation reported an increase in consolidated revenues for fiscal 2024, primarily driven by growth in Journal Technologies' license and maintenance fees. However, the company's pretax income decreased due to higher operating expenses. The company's non-operating income, particularly from realized and unrealized gains on marketabl...
