DallasNews Corporation announced that its shareholders have approved the Company's pending merger with Hearst at a Special Meeting of Shareholders held today. This approval paves the way for The Dallas Morning News and Medium Giant to join Hearst, one of the nation's leading information, services, and media companies.
As a result of the shareholder vote, DallasNews shareholders are set to receive an all-cash consideration of $16.50 per share of DallasNews common stock. Upon completion of the closing, DallasNews will cease to trade as a public company, providing a definitive liquidity event for its investors.
John A. Beckert, Chairman of the Board, expressed gratitude to shareholders for approving the merger, highlighting the compelling and certain premium delivered. The transaction is expected to close on or about September 24, 2025, subject to the satisfaction or waiver of remaining closing conditions.
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