Dallasnews Corporation Stock Price, News & Analysis

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.

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.

DallasNews Corporation (Nasdaq: DALN) has appointed Colleen McCain Nelson as the new Executive Editor of The Dallas Morning News, effective August 11, 2025. Nelson, a Pulitzer Prize winner, returns to the newsroom where she previously spent nearly 12 years as a writer. She currently serves as Executive Editor of The Sacramento Bee and California regional editor for McClatchy Media.

Nelson, 51, brings significant achievements to her new role, including leading The Sacramento Bee to several national and state journalism awards in 2024. She previously won the 2010 Pulitzer Prize for editorial writing at The Dallas Morning News and has extensive experience as a White House correspondent for The Wall Street Journal and as McClatchy's national opinion editor.

The appointment follows the departure of previous Executive Editor Katrice Hardy, who left in February 2025 to become CEO of The Marshall Project. Grant Moise, Publisher of The Dallas Morning News, emphasized Nelson's commitment to journalistic excellence and her experience in digital transformation as key factors in her selection.

DallasNews Corporation reported strong Q1 2025 financial results, posting a net income of $28.3 million ($5.28 per share) and operating income of $34.2 million. The company's performance was significantly boosted by a $36.2 million net gain from the sale of its Plano printing facility.

Key highlights include:

• Net cash position of $40.7 million
• Agency segment profit improved by $0.6 million year-over-year
• Total revenue was $29.1 million, down 6.4% from Q1 2024
• Fully funded pension plans through facility sale proceeds
• Headcount reduced by 13.2% to 461 employees

The company's advertising revenue decreased 7.2% to $10.8 million, while circulation revenue fell 5.2% to $15.4 million. Despite revenue challenges, DallasNews maintains a strong balance sheet with $44.2 million in cash and zero debt, positioning itself for digital growth investments and potential shareholder returns.

DallasNews (DALN) has scheduled the release of its first quarter 2025 financial results before market opening on Thursday, May 1, 2025. The company will host a conference call and simultaneous webcast at 9:00 a.m. CDT on the same day.

Investors can access the conference call by dialing 1-800-715-9871 with access code 9759080. A replay will be available until May 15, 2025, at 1-800-770-2030 using the same access code. The webcast will be accessible through the company's investor relations website, with an archive available afterward.

DallasNews operates The Dallas Morning News, a nine-time Pulitzer Prize-winning newspaper, and Medium Giant, an integrated creative marketing agency that recently won multiple industry awards including an AAF Addy and AMA DFW Marketer of the Year Award.