[SCHEDULE 13D/A] DallasNews Corp SEC Filing

Rhea-AI Filing Summary

Amendment No. 6 to Schedule 13D for DallasNews Corp (Series A Common Stock) reports that shareholders approved an Agreement and Plan of Merger and that on September 24, 2025 the Issuer merged into a Hearst subsidiary. At closing each issued and outstanding share of Series A Common Stock held by the Reporting Persons was cancelled and converted into the right to receive $16.50 in cash per share, net of applicable withholding taxes. As of the closing date the Reporting Persons beneficially own 0 shares and no longer own more than 5% of the Series A Common Stock outstanding. This Amendment otherwise leaves prior disclosures intact.

Positive

• Transaction closed delivering cash consideration of $16.50 per Series A share to holders
• Reporting persons cashed out cleanly and no longer retain public equity, simplifying post-transaction ownership

Negative

• Public holders no longer have a trading interest in DallasNews Corp after the Merger
• Reporting persons lost >5% beneficial ownership status, indicating exit from an influential ownership position

Insights

M&A Specialist

TL;DR: DallasNews completed a cash merger at $16.50 per share; reporting holders were cashed out and now hold zero shares.

The filing confirms consummation of a previously disclosed merger agreement whereby the issuer became a wholly owned subsidiary of Hearst through a merger effective September 24, 2025. The deal structure was simple cash consideration per share, eliminating public minority holdings. For counterparties and sellers, this is a clean exit converting equity to cash. For remaining stakeholders, the public float is effectively extinguished and the company will no longer trade independently. The amendment is procedural, updating beneficial ownership and purpose sections to reflect the closing and share cancellation.

Securities Analyst

TL;DR: Reporting persons reduced to 0% ownership after the merger; disclosure updates ownership and confirms cash-out price.

The Schedule 13D amendment documents that the Reporting Persons received $16.50 per Series A share upon the Merger and ceased to be beneficial owners of any Series A shares as of September 24, 2025. This filing primarily serves to notify the market and regulators of the change in ownership status and completion of the transaction. There are no additional changes to previously reported items aside from the merger close and resulting ownership figures.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 6)

DallasNews Corp

(Name of Issuer)

Series A Common Stock, $0.01 par value

(Title of Class of Securities)

235050101

(CUSIP Number)

Guy Gilmore
MNG Enterprises, Inc., 5990 Washington Street
Denver, CO, 80216
(303) 954-6450

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

09/24/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 235050101

1

Name of reporting person

Strategic Investment Opportunities LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP No. 235050101

1

Name of reporting person

MNG Enterprises, Inc.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

CO, HC

SCHEDULE 13D

CUSIP No. 235050101

1

Name of reporting person

MNG Investment Holdings LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP No. 235050101

1

Name of reporting person

Freeman Heath

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

IN, HC

SCHEDULE 13D

CUSIP No. 235050101

1

Name of reporting person

Alden Global Capital LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

IA, OO

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Series A Common Stock, $0.01 par value
(b)	Name of Issuer: DallasNews Corp
(c)	Address of Issuer's Principal Executive Offices: P.O. Box 224866, Dallas, TEXAS , 75222-4866.
Item 1 Comment: Pursuant to Rule 13d-2 of the Securities Exchange Act of 1934, as amended, this Amendment No. 6 to the Schedule 13D ("Amendment No. 6") amends certain items of the Schedule 13D filed with the Securities and Exchange Commission (the "Commission") on July 22, 2025 (the "Original Schedule 13D"), as amended and supplemented by Amendment No. 1 filed with the Commission on July 31, 2025, Amendment No. 2 filed with the Commission on August 11, 2025, Amendment No. 3 filed with the Commission on August 19, 2025, Amendment No. 4 filed with the Commission on September 16, 2025, and Amendment No. 5 filed with the Commission on September 19, 2025 (collectively, the "Schedule 13D"), relating to the Series A Common Stock, par value $0.01 per share (the "Series A Common Stock"), of DallasNews Corporation (the "Issuer"). All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D. Except as specifically provided herein, this Amendment No. 6 does not modify any of the information previously reported in the Schedule 13D.
Item 4.	Purpose of Transaction
	Item 4 of the Schedule 13D is hereby amended and supplemented as follows: On September 23, 2025, the shareholders of the Issuer voted to approve the Agreement and Plan of Merger, dated July 9, 2025, by and among the Issuer, Hearst Media West, LLC, a Delaware limited liability company ("Parent"), Destiny Merger Sub, Inc., a Texas corporation and wholly owned subsidiary of Parent ("Merger Sub"), and, solely for the purposes specified therein, Hearst Communications, Inc. (as amended from time to time, the "Merger Agreement"). Pursuant to the Merger Agreement, on September 24, 2025, Merger Sub merged with and into the Issuer, with the Issuer surviving as a wholly owned subsidiary of Parent (the "Merger") and, at the time of the Merger, each issued and outstanding share of Series A Common Stock beneficially owned by the Reporting Persons was cancelled and extinguished and automatically converted into the right to receive cash in the amount equal to $16.50, without interest and less any applicable withholding taxes.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) of the Schedule 13D is hereby amended and supplemented as follows: As of September 24, 2025, the Reporting Persons beneficially own 0 shares of Series A Common Stock, or 0% of the Series A Common Stock outstanding.
(e)	Item 5(e) of the Schedule 13D is hereby amended and supplemented as follows: As of September 24, 2025, the Reporting Persons ceased to be the beneficial owners of more than five percent of the Series A Common Stock outstanding.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Strategic Investment Opportunities LLC

Signature:	/s/ Guy Gilmore
Name/Title:	Guy Gilmore, Chief Operating Officer of MNG Enterprises, Inc., sole member of MNG Investment Holdings LLC, its managing member
Date:	09/29/2025

MNG Enterprises, Inc.

Signature:	/s/ Guy Gilmore
Name/Title:	Guy Gilmore, Chief Operating Officer
Date:	09/29/2025

MNG Investment Holdings LLC

Signature:	/s/ Guy Gilmore
Name/Title:	Guy Gilmore, Chief Operating Officer of MNG Enterprises, Inc., its sole member
Date:	09/29/2025

Freeman Heath

Signature:	/s/ Heath Freeman
Name/Title:	Heath Freeman
Date:	09/29/2025

Alden Global Capital LLC

Signature:	/s/ Heath Freeman
Name/Title:	Heath Freeman, President
Date:	09/29/2025

FAQ

What did the Schedule 13D/A for DallasNews Corp (DALN) report?

The amendment reports the closing of a merger on September 24, 2025 and that issued Series A shares held by the Reporting Persons were converted into $16.50 cash per share.

How much cash did shareholders receive per Series A share in the merger?

Each issued and outstanding Series A Common Stock share was converted into the right to receive $16.50, net of applicable withholding taxes.

Do the Reporting Persons still own shares of DallasNews after the merger?

No. As of September 24, 2025, the Reporting Persons beneficially own 0 shares and no longer own more than 5% of the Series A Common Stock.

Who completed the acquisition of DallasNews Corp?

The Merger was effected by Destiny Merger Sub, Inc., a wholly owned subsidiary of Hearst Media West, LLC, under the previously disclosed Merger Agreement.

Does Amendment No. 6 change other disclosures in the Schedule 13D?

No. Except for the specific amendments described regarding the Merger and ownership, Amendment No. 6 does not modify other previously reported information.