DallasNews Corporation Announces Shareholder Approval of Hearst Merger Agreement
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) azionisti hanno approvato l'accordo di fusione con Hearst in un'Assemblea Straordinaria degli Azionisti. Secondo l'accordo, gli azionisti riceveranno 16,50 dollari per azione in una transazione interamente in contanti. La fusione, prevista per chiudersi intorno al 24 settembre 2025, integrerà The Dallas Morning News e Medium Giant nel portafoglio di Hearst.
L'accordo rappresenta una mossa strategica per rafforzare la presenza di Hearst in mercati in crescita, garantendo nel contempo il futuro degli asset mediatici di DallasNews. Al completamento, DallasNews cesserà di essere quotata in borsa. J.P. Morgan Securities LLC e Haynes Boone hanno agito da consulenti finanziari e legali, rispettivamente.
DallasNews Corporation (Nasdaq: DALN) los accionistas aprobaron el acuerdo de fusión con Hearst en una Junta Especial de Accionistas. Según el acuerdo, los accionistas recibirán 16,50 dólares por acción en una operación 100% en efectivo. Se espera que la fusión se cierre alrededor del 24 de septiembre de 2025, e integrará The Dallas Morning News y Medium Giant en el portafolio de Hearst.
El acuerdo representa una jugada estratégica para fortalecer la presencia de Hearst en mercados en crecimiento, asegurando al mismo tiempo el futuro de los activos mediáticos de DallasNews. Una vez concluida, DallasNews dejará de cotizar en bolsa. J.P. Morgan Securities LLC y Haynes Boone actuaron como asesores financieros y legales, respectivamente.
DallasNews Corporation (나스닥: DALN) 주주들은 특별주주총회에서 Hearst와의 합병계약을 승인했습니다. 계약에 따라 주주들은 주당 16,50달러를 현금으로 전액 받게 됩니다. 합병은 약 2025년 9월 24일에 마무리될 것으로 예상되며, Dallas Morning News와 Medium Giant를 Hearst의 포트폴리오에 통합합니다.
이 거래는 성장 중인 시장에서 Hearst의 입지를 강화하고 DallasNews의 매체 자산의 미래를 확보하기 위한 전략적 조치입니다. 거래가 완료되면 DallasNews는 상장폐지됩니다. 금융 자문은 J.P. Morgan Securities LLC가, 법률 자문은 Haynes Boone이 각각 담당했습니다.
DallasNews Corporation (Nasdaq : DALN) les actionnaires ont approuvé l'accord de fusion avec Hearst lors d'une assemblée générale extraordinaire des actionnaires. Conformément à l'accord, les actionnaires recevront 16,50 dollars par action dans le cadre d'une opération entièrement en espèces. La fusion, qui devrait être finalisée vers le 24 septembre 2025, intégrera The Dallas Morning News et Medium Giant dans le portefeuille de Hearst.
Cette opération représente une démarche stratégique visant à renforcer la présence de Hearst sur des marchés en croissance tout en garantissant l'avenir des actifs médiatiques de DallasNews. Une fois opérationnelle, DallasNews cessera d'être cotée en bourse. J.P. Morgan Securities LLC et Haynes Boone ont agi respectivement comme conseillers financiers et juridiques.
DallasNews Corporation (Nasdaq: DALN) Aktionäre haben die Fusionsvereinbarung mit Hearst in einer Sonderversammlung der Aktionäre genehmigt. Gemäß der Vereinbarung erhalten die Aktionäre 16,50 USD pro Aktie in einer rein bar erfolgenden Transaktion. Die Fusion, deren Abschluss voraussichtlich am 24. September 2025 erfolgen wird, wird The Dallas Morning News und Medium Giant in das Portfolio von Hearst integrieren.
Der Deal ist ein strategischer Schritt, um die Präsenz von Hearst in wachsenden Märkten zu stärken und zugleich die Zukunft der Mediend assets von DallasNews zu sichern. Nach Abschluss wird DallasNews nicht mehr als börsennotiertes Unternehmen gehandelt. J.P. Morgan Securities LLC und Haynes Boone fungierten jeweils als Finanz- bzw. Rechtsberater.
DallasNews Corporation (ناسداك: DALN) وافق المساهمون على اتفاقية الاندماج مع Hearst في اجتماع خاص للمساهمين. وفقًا للاتفاق، سيحصل المساهمون على 16,50 دولارًا للسهم في صفقة نقدية بالكامل. من المتوقع أن تكتمل الاندماج حوالي 24 سبتمبر 2025، وسيدمج The Dallas Morning News وMedium Giant في محفظة Hearst.
تمثل الصفقة خطوة استراتيجية لتعزيز حضور Hearst في الأسواق النامية مع تأمين مستقبل أصول وسائل الإعلام التابعة لـDallasNews. عند الإكمال، سيتوقف تداول DallasNews كشركة عامة. عملت J.P. Morgan Securities LLC وHaynes Boone كمستشارين ماليين وقانونيين على التوالي.
DallasNews Corporation（纳斯达克：DALN） 的股东在股东特别大会上批准了与 Hearst 的并购协议。根据协议，股东将以每股16.50美元的全现金交易获得对价。预计并购在2025年9月24日左右完成，届时将把 The Dallas Morning News 与 Medium Giant 纳入 Hearst 的投资组合。
此次交易是为了加强 Hearst 在新兴市场的存在，并为 DallasNews 媒体资产的未来提供保障。完成后，DallasNews 将停止在公开市场交易。J.P. Morgan Securities LLC 与 Haynes Boone 分别担任财务与法律顾问。
- All-cash consideration of $16.50 per share provides immediate liquidity for shareholders
- Strategic alignment with Hearst strengthens market position in growing markets
- Merger provides certainty and stability for The Dallas Morning News and Medium Giant operations
- DallasNews will delist and cease trading as a public company, limiting investor participation
- Loss of independence for a historic Dallas media institution
Insights
DallasNews shareholders approved Hearst acquisition at $16.50/share, representing a definite value with imminent closure expected September 24.
The shareholder approval of DallasNews Corporation's merger with Hearst marks the final significant hurdle before transaction completion. With closing expected as soon as September 24, 2025, this deal will see DallasNews shareholders receiving
This transaction effectively removes future market speculation for DALN shareholders, as the company will delist and cease public trading once the deal closes. The all-cash nature of this transaction means shareholders receive a defined, guaranteed value rather than stock-based consideration that could fluctuate.
For contextual understanding, DallasNews Corporation is the parent company of The Dallas Morning News (a major Texas newspaper) and Medium Giant (their marketing services division). Both entities will now operate under Hearst's umbrella, which strategically expands Hearst's newspaper portfolio in a major metropolitan market.
With J.P. Morgan serving as financial advisor, this transaction appears to represent what the board considers optimal shareholder value realization, while providing operational continuity for the newspaper under new ownership. The imminent closing date indicates all material conditions have been satisfied, making the deal completion highly probable within the announced timeframe.
DallasNews Shareholders to Receive an All Cash Consideration of
The Dallas Morning News and Medium Giant to Join Hearst
DALLAS, Sept. 23, 2025 (GLOBE NEWSWIRE) -- DallasNews Corporation (Nasdaq: DALN) (the “Company” or “DallasNews”), the holding company of The Dallas Morning News and Medium Giant, announced today that shareholders approved the Company’s pending merger with Hearst (the “Hearst Merger”) at the Company’s Special Meeting of Shareholders held today (the “Special Meeting”).
Subject to the completion of the closing, The Dallas Morning News and Medium Giant will now join Hearst, one of the nation’s leading information, services and media companies. As outlined in the Merger Agreement, DallasNews shareholders will receive an all cash consideration of
“We would like to thank DallasNews shareholders for voting to approve this important and value creating merger with Hearst, and for securing the future of DallasNews,” said John A. Beckert, Chairman of the Board, DallasNews. “We are proud to have delivered this compelling and certain premium for shareholders, and are confident that The Dallas Morning News and Medium Giant have a bright future ahead as members of the Hearst family.”
“With the agreement now approved, we’re excited to work with our new colleagues at The Dallas Morning News and Medium Giant,” said Jeff Johnson, President of Hearst Newspapers. “Bringing these respected organizations into Hearst fully aligns with our commitment to strengthening trusted, high-impact local media in growing markets, and we look forward to building the future together.”
DallasNews has reported the results of the Special Meeting via a Form 8-K filed with the Securities and Exchange Commission.
The transaction is expected to close on or about September 24, 2025, subject to the satisfaction or waiver of closing conditions.
J.P. Morgan Securities LLC served as exclusive financial advisor to DallasNews Corporation and Haynes Boone served as legal advisor.
About DallasNews Corporation
DallasNews Corporation is the Dallas-based holding company of The Dallas Morning News and Medium Giant. The Dallas Morning News, a leading daily newspaper, is renowned for its excellent journalistic reputation, intense regional focus, and close community ties. As a testament to its commitment to quality journalism, the publication has been honored with nine Pulitzer Prizes. Medium Giant, an integrated creative marketing agency with offices in Dallas and Tulsa, works with a roster of premium brands and companies. In 2024, the agency earned top industry recognition, winning an AAF Addy and the AMA DFW Annual Marketer of the Year Award for Campaign of the Year, along with six prestigious Davey Awards. Medium Giant is a wholly owned business of DallasNews Corporation. For additional information, visit mediumgiant.co.
Forward-Looking Statements
This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on current expectations, estimates and projections about, among other things, the industry and markets in which the Company operates, and the transactions described in this communication. Words such as “anticipate,” “assume,” “believe,” “can,” “could,” “estimate,” “forecast,” “intend,” “expect,” “may,” “project,” “plan,” “seek,” “should,” “target,” “will,” “would” and their opposites and similar expressions are intended to identify forward-looking statements. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those set forth in forward-looking statements. While the Company’s management believes the assumptions underlying its forward-looking statements and information are reasonable, such information is necessarily subject to uncertainties and may involve certain risks, many of which are difficult to predict and are beyond the control of the Company’s management. These risks include, but are not limited to: (i) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement between the Company and Hearst (the “Hearst Merger Agreement”); (ii) the outcome of any legal proceedings that may be instituted against the Company and others following announcement of the Hearst Merger Agreement or the Company’s implementation of a shareholder rights plan (the “Rights Plan”); (iii) the inability to complete the proposed Hearst Merger due to the failure to obtain the requisite approval of the Company’s shareholders or the failure to satisfy other conditions to completion of the Hearst Merger; (iv) risks that the proposed transaction disrupts current plans and operations and the potential difficulties in employee retention as a result of the Hearst Merger; (v) the impact, if any, of the announcement or pendency of the Hearst Merger on the Company’s relationships with customers or other commercial partners; (vi) the amount of the costs, fees, expenses and charges related to the Hearst Merger and the Rights Plan; (vii) the ability of the Rights Plan to protect shareholders' interests and to effectively ensure that the Board has sufficient time to make informed judgments that are in the best interests of the Company and its shareholders; and (viii) other risks described in the Company’s public disclosures and filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this communication or, in the case of any document incorporated by reference, the date of that document.
All subsequent written and oral forward-looking statements attributable to us or any person acting on our behalf are qualified by the cautionary statements in this section. We undertake no obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this communication.
Shareholder Contacts
D.F. King & Co., Inc.
Toll-free: 1-866-416-0577
DALN@dfking.com
Okapi Partners LLC
Toll-free: 1-844-343-2621
Info@okapipartners.com
Media Contact
Gagnier Communications
Riyaz Lalani / Dan Gagnier
DallasNews@gagnierfc.com
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