DallasNews Corporation (DALN) entered a merger agreement on July 10, 2025, to be taken private by Hearst in an all-cash deal valued at $74.94 million.
Under the terms of the agreement, DallasNews shareholders will receive $14.00 in cash for each share of common stock, representing a premium of 218.91% from the stock’s last close.
DallasNews is a Texas-based news and marketing group, publishing The Dallas Morning News and running Medium Giant, a full-service creative agency serving premium brands.
Hearst is a New York-based global, diversified media, information, and services company with a portfolio spanning financial services, healthcare, transportation, television, newspapers, magazines, and digital businesses worldwide.
The merger is expected to close during the third or early fourth quarter of 2025.
Upon closing, The Dallas Morning News will join Hearst Newspapers, which publishes 28 dailies and 50 weeklies across the United States. Medium Giant, DallasNews’ integrated creative marketing agency, will join Hearst Newspapers’ agency-level services.
DallasNews has appointed J.P. Morgan Securities as its financial advisor and Haynes Boone as legal counsel for the transaction. Hearst has engaged Clifford Chance US for legal counsel.
For a comprehensive understanding of this merger and acquisition transaction, please refer to the Deal Metrics page here:
Deal Metrics for the acquisition of DallasNews Corporation (DALN) by Hearst
The Deal Metrics page for each merger or acquisition includes:
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Editor’s Note: Baranjot Kaur contributed to this article