Daily Journal Corp
dailyjournal.comDaily Journal Corp (NASDAQ: DJCO) is a media and court technology company that publishes legal and business newspapers across California and Arizona while providing case management software to courts and justice agencies. It earns revenue through two reportable segments: a Traditional Business covering newspaper subscriptions, public notice advertising, and ancillary legal services, and a Journal Technologies segment covering software licensing, maintenance and support fees, hosting services, and consulting fees paid by courts and justice agencies. Journal Technologies constituted approximately 80% of total company revenues in fiscal year 2025 and 76% in fiscal year 2024, making it the dominant and growing revenue driver. The company also holds a portfolio of marketable securities that generated $134.3 million in net realized and unrealized gains in fiscal year 2025, which dwarfs operating income from both segments combined. DJCO is headquartered in Los Angeles, California.
Products & Services
Journal Technologies provides case management software and related services to courts, prosecutors, and other justice agencies. The Traditional Business publishes multiple daily legal and business newspapers including the Los Angeles Daily Journal, San Francisco Daily Journal, Daily Commerce (founded 1917), The Daily Recorder (founded 1911), The Inter-City Express (founded 1909), San Jose Post-Record, Orange County Reporter, The Daily Transcript, Business Journal (Riverside), and The Record Reporter (Phoenix). Additional products include multi-volume California court rules services updated monthly, single-volume county court rules, the Judicial Profiles service covering active California judges, and online continuing legal education tests.
Revenue Model
Journal Technologies earns recurring revenue from software license, maintenance and support fees, and hosting services, plus transactional consulting fees for installation, implementation, and training. The Traditional Business earns subscription fees, public notice advertising revenue, commercial advertising revenue, and miscellaneous fees including continuing legal education tests and reprint services. Advertising agencies receive commissions of 15% to 25% on advertising sales placed in company publications.
Customers & Markets
Journal Technologies serves courts, prosecutors, and other justice agencies that procure case management software through formal competitive bidding processes. The Traditional Business serves legal professionals, real estate investors, brokers, and businesses requiring public notice advertising in California and Arizona markets.
Geographic Exposure
Operations are concentrated in California, with newspaper publications based in Los Angeles, San Francisco, Sacramento, Oakland, San Jose, Santa Ana, San Diego, and Riverside. One publication operates in Phoenix, Arizona. Journal Technologies maintains an office in Logan, Utah.
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