DallasNews Corporation and Hearst announced they have signed a definitive agreement for Hearst to acquire DallasNews Corporation. Under the terms of the agreement, DallasNews shareholders will receive $14.00 in cash for each share of common stock. This represents a premium of 219% based on DallasNews' closing stock price of $4.39 per share on July 9, 2025.
The transaction has received unanimous approval from the Boards of Directors of both companies and is expected to close during the third or early fourth quarter of 2025. Upon closing, The Dallas Morning News will become part of Hearst Newspapers, and Medium Giant, DallasNews' integrated creative marketing agency, will complement Hearst Newspapers' agency services.
Robert W. Decherd, who holds a majority of the voting power of DallasNews Corporation stock, has agreed to vote his shares in favor of the Hearst merger. This acquisition will result in DallasNews Corporation becoming a private company, with its shares no longer trading on Nasdaq after the closing.
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