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The Dolan Company Reports Third Quarter 2012 Results

This guidance also presumes no acquisitions for the remainder of 2012, and it assumes that there will be no additional material effect on results of operations from foreclosure-related government legislation, programs, investigations, litigation, or settlements, or from lender-based programs or halts. These include, but are not limited to, legislation, programs, and other matters detailed in “Regulatory Environment” and “Risk Factors” in the company’s SEC reports, including its Annual Report on Form 10-K for the year ended December 30, 2011, and Form 10-Q for the quarter ended September 30, 2012.

Third Quarter 2012

Financial results for the three months ended September 30, 2012, and 2011 are as follows:

           
Dollars in thousands, except per share data

Three Months

Three Months

Year-over-

Ended

Ended

Year %

September 30,

September 30,

Change

2012

2011

(unaudited)

(unaudited)

Total revenues $ 68,060 $ 70,198 (3.0 ) %
Professional Services Division revenues 49,778 51,383 (3.1 ) %
Business Information Division revenues 18,282 18,815 (2.8 ) %
Operating (loss) (1) income (145,079 ) 7,660 (1,994.0 ) %
Net (loss) income attributable to The Dolan Company (103,504 ) 3,089 (3,450.7 ) %
Impairment and other one-time charges (2) 105,058 -
Adjusted EBITDA * 12,617 15,905 (20.7 ) %

Loss (income) from continuing operations attributable

to The Dolan Company per diluted share

$ (2.98 ) $ 0.10 (3,080.0 ) %
Cash earnings * 4,164 7,037 (40.8 ) %
Cash earnings per diluted share * $ 0.14 $ 0.23 (39.1 ) %
 

* Please refer to the “Non-GAAP Financial Measures” below for a reconciliation of these non-GAAP financial measures to GAAP and why the company believes these are important measures of its performance.

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