Hearst acquires Dallas Morning News and Medium Giant through its merger with DallasNews Corporation. DallasNews Corporation shareholders approve the transaction at a special meeting on September 23, and the deal closes September 24; shareholders receive $16.50 per share, while Hearst gains control of newspapers across most of Texas’ largest cities.
DallasNews Corporation completes its merger with Hearst, with shareholders receiving $16.50 per share in cash. The Dallas Morning News and Medium Giant now operate as part of Hearst, while DallasNews Corporation’s stock ceases trading on Nasdaq on September 24, 2025.
Hearst Corp. completes its purchase of The Dallas Morning News after DallasNews Corporation shareholders approve the sale, ending roughly 140 years of local control for the paper. Shareholders receive $16.50 per share in cash, and DallasNews Corporation becomes a private company.
DallasNews Corporation amends its pending merger agreement with Hearst, increasing the cash purchase price to $16.50 per share. The revised offer represents a 276% premium to DallasNews Corporation’s July 9 closing price. The company’s board unanimously recommends that shareholders vote in favor of the deal.
