DallasNews Corporation Completes Merger with Hearst
Rhea-AI Summary
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.
Positive
- All-cash transaction providing immediate value of $16.50 per share to DALN shareholders
- Strategic merger with Hearst, a leading national media company, providing stronger operational capabilities
- Successful completion of merger with shareholder approval
Negative
- DALN will cease to exist as a public company, eliminating public investment opportunity
- Loss of independence for The Dallas Morning News operations
The Dallas Morning News and Medium Giant Will Now Operate as Part of Hearst
DallasNews to Cease Trading as a Public Company
DALLAS, Sept. 24, 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 the Company’s pending merger with Hearst (the “Hearst Merger”) has now been completed and DallasNews shareholders will receive an all cash consideration of
The Dallas Morning News and Medium Giant will now operate as part of Hearst, one of the nation’s leading information, services and media companies.
As a result of the closing of the transaction, shares of DallasNews Series A common stock ceased trading following the closing of trading on Nasdaq on September 24, 2025.
The Hearst Merger was announced by DallasNews and Hearst on July 10, 2025, and the agreement was approved by shareholders at the Company’s Special Meeting of Shareholders held on September 23, 2025.
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.
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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