DallasNews Corporation to Join Hearst
DallasNews Corporation (Nasdaq: DALN) has announced a definitive agreement to be acquired by Hearst in a significant media industry consolidation. Under the terms of the deal, DallasNews shareholders will receive $14.00 per share in cash, representing a substantial 219% premium over the closing price of $4.39 on July 9, 2025.
The transaction, unanimously approved by both companies' boards, is expected to close during the third or early fourth quarter of 2025. Post-acquisition, The Dallas Morning News will join Hearst Newspapers, which operates 28 dailies and 50 weeklies across the United States. Additionally, DallasNews' Medium Giant marketing agency will be integrated with Hearst Newspapers' agency services.
DallasNews Corporation (Nasdaq: DALN) ha annunciato un accordo definitivo per essere acquisita da Hearst in una significativa consolidazione nel settore dei media. Secondo i termini dell'accordo, gli azionisti di DallasNews riceveranno 14,00 $ per azione in contanti, rappresentando un consistente premio del 219% rispetto al prezzo di chiusura di 4,39 $ del 9 luglio 2025.
L'operazione, approvata all'unanimità dai consigli di amministrazione di entrambe le società, dovrebbe concludersi nel terzo o all'inizio del quarto trimestre del 2025. Dopo l'acquisizione, The Dallas Morning News entrerà a far parte di Hearst Newspapers, che gestisce 28 quotidiani e 50 settimanali negli Stati Uniti. Inoltre, l'agenzia di marketing Medium Giant di DallasNews sarà integrata con i servizi di agenzia di Hearst Newspapers.
DallasNews Corporation (Nasdaq: DALN) ha anunciado un acuerdo definitivo para ser adquirida por Hearst en una importante consolidación en la industria de medios. Según los términos del acuerdo, los accionistas de DallasNews recibirán 14,00 $ por acción en efectivo, lo que representa una prima sustancial del 219% sobre el precio de cierre de 4,39 $ del 9 de julio de 2025.
La transacción, aprobada por unanimidad por los consejos de ambas compañías, se espera que se cierre durante el tercer trimestre o a principios del cuarto trimestre de 2025. Tras la adquisición, The Dallas Morning News se unirá a Hearst Newspapers, que opera 28 diarios y 50 semanarios en Estados Unidos. Además, la agencia de marketing Medium Giant de DallasNews se integrará con los servicios de agencia de Hearst Newspapers.
DallasNews Corporation (나스�: DALN)� 미디� 산업� 중요� 통합으로 Hearst� 인수되는 확정 계약� 발표했습니다. 거래 조건� 따라 DallasNews 주주들은 2025� 7� 9� 종가 4.39달러 대� 219%� 프리미엄� 해당하는 주당 14.00달러 현금� 받게 됩니�.
양사 이사회가 만장일치� 승인� 이번 거래� 2025� 3분기 또는 4분기 초에 완료� 예정입니�. 인수 � The Dallas Morning News� 미국 전역에서 28개의 일간지와 50개의 주간지� 운영하는 Hearst Newspapers� 합류하게 됩니�. 또한 DallasNews� 마케� 에이전시 Medium Giant� Hearst Newspapers� 에이전시 서비스와 통합� 예정입니�.
DallasNews Corporation (Nasdaq : DALN) a annoncé un accord définitif pour être acquise par Hearst dans le cadre d'une importante consolidation dans le secteur des médias. Selon les termes de l'accord, les actionnaires de DallasNews recevront 14,00 $ par action en espèces, ce qui représente une prime substantielle de 219 % par rapport au cours de clôture de 4,39 $ au 9 juillet 2025.
La transaction, approuvée à l'unanimité par les conseils d'administration des deux sociétés, devrait être finalisée au cours du troisième trimestre ou au début du quatrième trimestre 2025. Après l'acquisition, The Dallas Morning News rejoindra Hearst Newspapers, qui exploite 28 quotidiens et 50 hebdomadaires à travers les États-Unis. De plus, l'agence de marketing Medium Giant de DallasNews sera intégrée aux services d'agence de Hearst Newspapers.
DallasNews Corporation (Nasdaq: DALN) hat eine endgültige Vereinbarung über die Übernahme durch Hearst im Rahmen einer bedeutenden Konsolidierung der Medienbranche bekannt gegeben. Gemäß den Bedingungen des Deals erhalten die Aktionäre von DallasNews 14,00 US-Dollar pro Aktie in bar, was eine erhebliche Prämie von 219% gegenüber dem Schlusskurs von 4,39 US-Dollar am 9. Juli 2025 darstellt.
Die Transaktion, die von den Vorständen beider Unternehmen einstimmig genehmigt wurde, soll im dritten oder frühen vierten Quartal 2025 abgeschlossen werden. Nach der Übernahme wird The Dallas Morning News zu Hearst Newspapers gehören, die 28 Tageszeitungen und 50 Wochenzeitungen in den Vereinigten Staaten betreiben. Zudem wird die Marketingagentur Medium Giant von DallasNews in die Agenturdienstleistungen von Hearst Newspapers integriert.
- Substantial 219% premium offered to shareholders at $14.00 per share
- Access to Hearst's significant resources and digital expertise
- Integration with Hearst's extensive network of 28 dailies and 50 weeklies
- Enhanced capabilities for Medium Giant through Hearst's agency services
- Loss of independence as DALN becomes private
- Delisting from Nasdaq following transaction closure
Insights
Hearst's acquisition of DallasNews at a massive 219% premium represents significant shareholder value creation while securing the newspaper's future.
The acquisition of DallasNews Corporation by media giant Hearst marks a significant transaction in the publishing industry. The $14.00 per share all-cash offer represents a remarkable
This deal provides immediate and substantial value to DallasNews shareholders who have likely experienced diminishing returns as the newspaper industry struggled with digital transformation. The transaction has received unanimous board approval and backing from Robert Decherd, who controls the majority of voting shares, essentially guaranteeing the deal will proceed.
Post-closing, DallasNews will be delisted from Nasdaq and operate as a private company under Hearst Newspapers, which already manages 28 dailies and 50 weeklies. This integration gives The Dallas Morning News access to Hearst's significant resources and digital expertise, potentially securing its long-term viability in an increasingly challenging media landscape.
For Hearst, this acquisition aligns with their strategy of acquiring established local media brands in growth markets. Dallas-Fort Worth represents one of America's fastest-growing metropolitan areas, providing Hearst with expanded market reach in a economically vibrant region. The deal also brings Medium Giant, an integrated creative marketing agency, which will complement Hearst's existing agency services and potentially drive additional revenue streams beyond traditional publishing.
The Dallas Morning News� 140-year legacy of exceptional, independent journalism strengthened by Hearst’s resources, scale and industry reputation
DALLAS, Texas and NEW YORK, July 10, 2025 (GLOBE NEWSWIRE) -- DallasNews Corporation (Nasdaq: DALN) (the “Company� or “DallasNews�), the holding company of The Dallas Morning News and Medium Giant, and Hearst, one of the nation’s leading information, services and media companies, today announced that the companies have signed a definitive agreement whereby DallasNews Corporation would be acquired by Hearst.
The announcement was made by Steven R. Swartz, president and chief executive officer of Hearst, and Grant Moise, chief executive officer of DallasNews Corporation and publisher of The Dallas Morning News.
DallasNews shareholders will receive
Upon closing, The Dallas Morning News will join Hearst Newspapersthe operating group responsible for Hearst’s newspapers, local digital marketing services businesses and directorieswhich publishes 28 dailies and 50 weeklies across the United States. Medium Giant, DallasNews� integrated creative marketing agency, will complement Hearst Newspapers� agency level services.
Jeff Johnson, president of Hearst Newspapers, stated, “Hearst Newspapers is committed to supporting The Dallas Morning News� continued success through smart investments in their digital strategy, compelling journalism and expanded audience reach. This move aligns squarely with our strategy of backing trusted, high-impact local media brands in growth markets. We’re looking forward to working with the teams at The News and Medium Giant.�
Moise added, “For 140 years, The Dallas Morning News has earned enviable status as one of the most trusted and distinguished daily newspapers in the U.S. We’ve done so by focusing on the issues that matter most to our North Texas community and by embracing the kind of objective, accountable and skillful reporting at the heart of impactful journalism. The Hearst family of newspapers shares these values. Their resources, expertise and track record of supportingand investing inlocal independent journalism will ensure The Dallas Morning News thrives for decades to come.�
“We also believe our Medium Giant clients will benefit from access to, and collaboration with, Hearst Newspapers� agency level services,� Moise continued. “The agencies will deliver best-in-class solutions, digital expertise and strategic acumen.�
Robert W. Decherd, DallasNews Corporation’s former board chairman, president and chief executive officer during a career spanning 50 years, and current owner of a majority of the voting power of DallasNews Corporation stock, said, �The News� 140-year commitment to distinguished journalism has been extraordinarily important to the evolution of Dallas as one of America’s greatest cities. We have generations of News employees to thank for this. I’m confident that the path forward with Hearst Newspapers assures The News� ability to continue informing and strengthening North Texas for many years to come.�
Upon closing of the transaction, DallasNews Corporation will become a private company and its shares will no longer trade on Nasdaq.
J.P. Morgan Securities LLC and Haynes Boone served as exclusive financial advisor and legal advisor, respectively, to DallasNews Corporation. Clifford Chance US LLP served as legal advisor to Hearst.
About DallasNews Corporation
is the Dallas-based holding company of The Dallas Morning News and Medium Giant. The Dallas Morning News, a leading daily newspaper, is renowned for its excellent journalistic reputation, intense regional focus, and close community ties. As a testament to its commitment to quality journalism, the publication has been honored with nine Pulitzer Prizes. Medium Giant, an integrated creative marketing agency with offices in Dallas and Tulsa, works with a roster of premium brands and companies. In 2024, the agency earned top industry recognition, winning an AAF Addy and the AMA DFW Annual Marketer of the Year Award for Campaign of the Year, along with six prestigious Davey Awards. Medium Giant is a wholly owned business of DallasNews Corporation. For additional information, visit mediumgiant.co.
About Hearst
is one of the nation’s leading global, diversified information, services and media companies. Hearst has been innovating for more than a century, leading with purpose, integrity and a culture of care, with a mission to inform audiences and improve lives. The company’s diverse portfolio includes global financial services leader Fitch Group; Hearst Health, a group of medical information and services businesses; Hearst Transportation, which includes CAMP Systems International, a major provider of software-as-a-service solutions for managing maintenance of jets and helicopters; ownership in cable television networks such as A&E, HISTORY, Lifetime and ESPN; 35 television stations; leading newspapers across the United States, including the Houston Chronicle, San Francisco Chronicle and Times Union (Albany); digital services businesses; and more than 200 magazine editions around the world.
Forward-Looking Statements
This communicationcontains forward-looking statements within the meaning of Section27A of the Securities Act of 1933, as amended, and Section21E of the Securities Exchange Act of 1934, as amended. These statements are based on current expectations, estimates and projections about, among other things, the industry and markets in which the Company operates and the transactions described in this communication.Words such as “anticipate,� “assume,� “believe,� “can,� “could,� “estimate,� “forecast,� “intend,� “expect,� “may,� “project,� “plan,� “seek,� “should,� “target,� “will,� “would� and their opposites and similar expressions are intended to identify forward-looking statements. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those set forth in forward-looking statements. While the Company’s management believes the assumptions underlying its forward-looking statements and information are reasonable, such information is necessarily subject to uncertainties and may involve certain risks, many of which are difficult to predict and are beyond the control of the Company’s management. These risks include, but are not limited to: (i)the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement between the Company and Hearst (the “Merger Agreement�); (ii)the outcome of any legal proceedings that may be instituted against the Company and others following announcement of the Merger Agreement; (iii)the inability to complete the proposed merger transaction involving the Company and Hearst (the “Merger�) due to the failure to obtain the requisite approval of the Company’s shareholders or the failure to satisfy other conditions to completion of the Merger; (iv)risks that the proposed transaction disrupts current plans and operations and the potential difficulties in employee retention as a result of the Merger; (v)the impact, if any, of the announcement or pendency of the Merger on the Company’s relationships with customers or other commercial partners; (vi)the amount of the costs, fees, expenses and charges related to the Merger; and (vii)other risks described in the Company’s public disclosures and filings with the Securities and Exchange Commission (the “SEC�). All forward-looking statements speak only as of the date of this communicationor, in the case of any document incorporated by reference, the date of that document. All subsequent written and oral forward-looking statements attributable to us or any person acting on our behalf are qualified by the cautionary statements in this section. We undertake no obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this communication.
Additional Information and Where to Find It
This communication is being made in connection with the proposed merger transaction involving the Company and Hearst. In connection with the proposed transaction, the Company will file a proxy statement with the SEC. This communication is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or with respect to the proposed transaction.SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT CAREFULLY AND IN ITS ENTIRETY WHEN IT BECOMES AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.The definitive proxy statement will be mailed to the Company’s shareholders. In addition, when available, the proxy statement and the documents incorporated therein by reference will be available free of charge at the SEC’s website, www.sec.gov. When available, the proxy statement and the documents incorporated therein by reference also may be obtained for free at the Company’s website, dallasnewscorporation.com, or by contacting the Company at (214)977-8869.
Participants in the Solicitation
The Company and its directors and officers and other members of management and employees may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information regarding the Company’s directors and executive officers is included in its proxy statement for its 2025 annual meeting of shareholders, which was filed with the SEC on March 26, 2025, and will be included in the proxy statement relating to the proposed transaction, when it becomes available.
Contacts
For DallasNews Corporation: | For DallasNews Corporation: | For Hearst |
Media: Kekst CNC | Investors | Paul Luthringer |
Jonathan Morgan | Katy Murray, President | [email protected] |
James Hartwell | 214-977-8869 | |
[email protected] | [email protected] | |
[email protected] |
