Welcome to our dedicated page for Dallasnews Corporation news (Ticker: DALN), a resource for investors and traders seeking the latest updates and insights on Dallasnews Corporation stock.
This page provides a historical news archive for DallasNews Corporation (former Nasdaq symbol DALN), the Dallas-based holding company of The Dallas Morning News and Medium Giant. Company communications describe The Dallas Morning News as a leading daily newspaper with an excellent journalistic reputation, strong regional focus, close community ties, and nine Pulitzer Prizes. Medium Giant is presented as an integrated creative marketing agency with offices in Dallas and Tulsa and a roster of premium brands and companies.
The news flow around DALN is dominated by its strategic transaction with Hearst. Beginning with the announcement on July 10, 2025, DallasNews Corporation issued multiple press releases and filed related SEC reports detailing the Agreement and Plan of Merger with Hearst Media West, LLC and Destiny Merger Sub, Inc., subsequent amendments to the merger agreement, and the evolving per-share cash consideration. News items document key milestones such as the preliminary and definitive proxy statements, the special meeting of shareholders on September 23, 2025, shareholder approval of the merger proposal, and the final increase in the purchase price to $16.50 per share.
Additional coverage includes DallasNews Corporation’s responses to unsolicited, non-binding acquisition proposals from an affiliate of Alden Global Capital, the board’s adoption of a shareholder rights plan, and the company’s rationale for supporting the Hearst merger as a transaction providing a significant cash premium and certainty of value for shareholders. Earnings-related releases, such as second quarter 2025 financial results, also appear in the news record, alongside commentary on segment performance for The Dallas Morning News and Medium Giant.
For researchers and investors reviewing DALN, this news archive offers context on DallasNews Corporation’s operations as a newspaper and marketing agency holding company and the sequence of events that led to its 2025 acquisition by Hearst and subsequent delisting from Nasdaq.
DallasNews Corporation (Nasdaq: DALN) has completed its merger with Hearst, resulting in The Dallas Morning News and Medium Giant becoming part of Hearst's media portfolio. Under the terms of the merger agreement, DALN shareholders will receive $16.50 per share in an all-cash transaction.
The merger, initially announced on July 10, 2025, received shareholder approval on September 23, 2025. As a consequence of the deal's completion, DallasNews has ceased trading on the Nasdaq exchange effective September 24, 2025. J.P. Morgan Securities LLC and Haynes Boone served as financial and legal advisors, respectively, for the transaction.
DallasNews Corporation (Nasdaq: DALN) shareholders have approved the merger agreement with Hearst at a Special Meeting of Shareholders. Under the agreement, shareholders will receive $16.50 per share in an all-cash transaction. The merger, expected to close around September 24, 2025, will integrate The Dallas Morning News and Medium Giant into Hearst's portfolio.
The deal represents a strategic move to strengthen Hearst's presence in growing markets while securing the future of DallasNews' media assets. Upon completion, DallasNews will cease trading as a public company. J.P. Morgan Securities LLC and Haynes Boone served as financial and legal advisors, respectively.
DallasNews Corporation (Nasdaq: DALN) has announced an amended merger agreement with Hearst, increasing the purchase price to $16.50 per share in cash from the previous $15.00. This represents a substantial 276% premium over the July 9, 2025 closing price of $4.39.
The merger has received unanimous support from DallasNews's board and backing from its largest shareholder, Robert W. Decherd. Leading proxy advisory firms, Institutional Shareholder Services Inc. and Glass, Lewis & Co., have recommended shareholders vote in favor of the deal. The transaction requires approval from two-thirds of both Series A and Series B shareholders, with voting deadline set for September 22, 2025.
DallasNews Corporation (Nasdaq: DALN) has rejected a revised non-binding proposal from Alden Global Capital's affiliate MNG Enterprises to acquire all outstanding shares at $18.50 per share in cash. The Board reaffirmed its support for the existing merger agreement with Hearst, which offers $15.00 per share in cash.
The Hearst deal represents a 242% premium over the July 9 closing price. Notably, Robert W. Decherd, who controls over 96% of voting power in Series B stock and more than 50% of combined voting power, has confirmed his intention to vote in favor of the Hearst merger while explicitly rejecting any scenario involving a sale to Alden.
DallasNews Corporation (Nasdaq: DALN) announced the filing of a definitive proxy statement for its pending merger with Hearst. Under the agreement, shareholders will receive $15.00 per share in cash, representing a significant 242% premium over the July 9, 2025 closing price of $4.39.
The company's largest shareholder, Robert W. Decherd, and the Board unanimously support the Hearst merger. The special meeting of shareholders is scheduled for September 23, 2025, with shareholders of record as of August 14, 2025 eligible to vote. The transaction requires approval from two-thirds of both Series A and Series B shareholders.
The company also addressed an unsolicited proposal from Alden Global Capital, noting that Decherd has explicitly stated he will not support any transaction with Alden, effectively blocking alternative deals.
DallasNews Corporation (Nasdaq: DALN) has filed a preliminary proxy statement regarding its pending merger with Hearst for $15.00 per share in cash. The merger represents a 242% premium over DALN's July 9 closing price of $4.39.
The company's majority voting shareholder, Robert W. Decherd, has committed to vote in favor of the Hearst merger. Meanwhile, Alden Global Capital made an unsolicited proposal on July 22, but the Board determined it wasn't a "Superior Proposal." Decherd has explicitly stated he won't support any Alden transaction, making their proposal effectively impossible to consummate due to the required two-thirds voting approval structure.
The Board emphasizes that the Hearst merger is the only viable path to deliver certain, premium value to shareholders, warning that Alden's interference could potentially destroy significant shareholder value.
DallasNews Corporation (Nasdaq: DALN) reported Q2 2025 financial results, with a net loss of $33.5 million ($6.26 per share) compared to net income of $1.5 million in Q2 2024. The loss includes a $35.3 million non-cash pension settlement charge from pension plan annuitization. Total revenue was $29.8 million, down 7.2% year-over-year.
Notably, the company announced a merger agreement with Hearst, where shareholders will receive $15.00 per share in cash - a 242% premium to the July 9 closing price. The merger is expected to close in Q3 or early Q4 2025.
Operating performance showed improvement with adjusted operating income of $1.6 million, up 36.7% year-over-year, driven by cost savings in employee compensation, outside services, and printing facility transition.
DallasNews Corporation (Nasdaq: DALN) has rejected an unsolicited, non-binding proposal from Alden Global Capital's affiliate MNG Enterprises to acquire the company at $16.50 per share in cash. The rejection follows DallasNews' existing merger agreement with Hearst, which has increased its offer from $14.00 to $15.00 per share in cash.
Notably, Robert W. Decherd, who controls over 96% of voting power in Series B stock and more than 50% of combined voting power, has confirmed his commitment to vote in favor of the Hearst deal through a binding voting agreement. The Board has also adopted a shareholder rights plan effective until July 26, 2026, to protect the Hearst transaction from potential interference by Alden.
The rights plan triggers if any entity acquires 10% (or 20% for passive investors) of Series A common stock without Board approval.DallasNews Corporation (Nasdaq: DALN) has received an unsolicited, non-binding acquisition proposal from MNG Enterprises, an Alden Global Capital affiliate, offering $16.50 per share in cash for all outstanding shares.
This new proposal comes after DallasNews had already entered into a definitive merger agreement with Hearst on July 9, 2025, which offered $14.00 per share in cash. The Board of Directors is reviewing the MNG proposal while maintaining its current recommendation supporting the Hearst merger agreement.
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.
FAQ
What is the current stock price of Dallasnews Corporation (DALN)?
What is the market cap of Dallasnews Corporation (DALN)?
