DallasNews Corporation Completes Merger with Hearst
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) ha completato la fusione con Hearst, integrando The Dallas Morning News e Medium Giant nel portafoglio mediatico di Hearst. In base all'accordo di fusione, gli azionisti DALN riceveranno 16,50 USD per azione in una transazione interamente in contanti. La fusione, annunciata inizialmente il 10 luglio 2025, ha ottenuto l'approvazione degli azionisti il 23 settembre 2025. Di conseguenza, al completamento dell'operazione, DallasNews ha cessato la quotazione sul Nasdaq a partire dal 24 settembre 2025. J.P. Morgan Securities LLC e Haynes Boone hanno rispettivamente agito da consulenti finanziari e legali per la transazione.
DallasNews Corporation (Nasdaq: DALN) ha completado su fusión con Hearst, resultando en que The Dallas Morning News y Medium Giant pasen a formar parte del portafolio mediático de Hearst. Según los términos del acuerdo de fusión, los accionistas de DALN recibirán 16,50 USD por acción en una transacción totalmente en efectivo.
La fusión, anunciada inicialmente el 10 de julio de 2025, obtuvo la aprobación de los accionistas el 23 de septiembre de 2025. Como resultado de la finalización del acuerdo, DallasNews ha dejado de cotizar en la bolsa Nasdaq a partir del 24 de septiembre de 2025. JP Morgan Securities LLC y Haynes Boone actuaron como asesores financieros y legales, respectivamente, para la transacción.
DallasNews Corporation (Nasdaq: DALN)은 Hearst와의 합병을 완료하였으며, 그 결과 The Dallas Morning News와 Medium Giant가 Hearst의 미디어 포트폴리오의 일부가 되었습니다. 합병 계약 조건에 따라 DALN 주주는 주당 16.50달러를 전액 현금으로 받게 됩니다.
합병은 2025년 7월 10일에 처음 발표되었고 2025년 9월 23일 주주 승인을 받았습니다. 거래가 완료됨에 따라 DallasNews의 Nasdaq 거래는 2025년 9월 24일부터 중단되었습니다. 이번 거래의 재무 자문은 J.P. Morgan Securities LLC가, 법률 자문은 Haynes Boone가 각각 담당했습니다.
DallasNews Corporation (Nasdaq : DALN) a finalisé sa fusion avec Hearst, ce qui fait que The Dallas Morning News et Medium Giant rejoignent le portefeuille médiatique d'Hearst. Aux termes de l'accord de fusion, les actionnaires de DALN recevront 16,50 USD par action en espèces uniquement.
La fusion, annoncée initialement le 10 juillet 2025, a reçu l'approbation des actionnaires le 23 septembre 2025. Suite à l'achèvement de l'opération, DallasNews a cessé d'échanger sur le Nasdaq à partir du 24 septembre 2025. J.P. Morgan Securities LLC et Haynes Boone ont agi respectivement en tant que conseillers financiers et juridiques pour la transaction.
DallasNews Corporation (Nasdaq: DALN) hat die Fusion mit Hearst abgeschlossen, wodurch The Dallas Morning News und Medium Giant Teil des Mediaportfolios von Hearst werden. Gemäß den Bedingungen des Fusionsvertrags erhalten DALN-Aktionäre eine Bartransaktion von 16,50 USD pro Aktie.
Die Fusion wurde ursprünglich am 10. Juli 2025 angekündigt und erhielt am 23. September 2025 die Zustimmung der Aktionäre. Mit dem Abschluss des Deals hat DallasNews den Handel an der Nasdaq zum 24. September 2025 eingestellt. Finanz- bzw. Rechtsberater für die Transaktion waren J.P. Morgan Securities LLC bzw. Haynes Boone.
أكملت DallasNews Corporation (Nasdaq: DALN) اندماجها مع Hearst، مما جعل The Dallas Morning News وMedium Giant جزءاً من محفظة Hearst الإعلامية. وفقاً لشروط اتفاق الاندماج، سيحصل مساهمو DALN على 16.50 دولاراً أمريكياً للسهم في صفقة نقدية كاملة.
تم الإعلان عن الدمج في البداية في 10 يوليو 2025، وجرى موافقة المساهمين عليه في 23 سبتمبر 2025. نتيجة لإتمام الصفقة، توقفت DallasNews عن التداول في بورصة Nasdaq اعتباراً من 24 سبتمبر 2025. عمل J.P. Morgan Securities LLC كمستشار مالي وHaynes Boone كمستشار قانوني للصفقة.
DallasNews Corporation (纳斯达克：DALN) 已完成与 Hearst 的合并，The Dallas Morning News 与 Medium Giant 已并入 Hearst 的媒体组合。根据合并协议条款，DALN 股东将以全现金交易方式每股获得 16.50 美元。
该合并最初于 2025 年 7 月 10 日宣布，已于 2025 年 9 月 23 日获得股东批准。交易完成后，DallasNews 自 2025 年 9 月 24 日起停止在 Nasdaq 的交易。此次交易的金融顾问为 J.P. Morgan Securities LLC，法律顾问为 Haynes Boone。
- 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
- 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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