Shares of DallasNews Corporation (NASDAQ:DALN) skyrocketed by 208% following news that media powerhouse Hearst plans to acquire the company for $14 per share in cash.
This offer represents a substantial 219% premium over DallasNews’ closing price of $4.39 on July 9. Both companies’ boards have given unanimous approval, and the deal is anticipated to close in the third quarter or early in the fourth quarter of 2025.
Once finalized, The Dallas Morning News will become part of Hearst Newspapers, which currently publishes 28 daily and 50 weekly newspapers nationwide. DallasNews’ in-house marketing agency, Medium Giant, will complement Hearst’s existing agency capabilities.
Jeff Johnson, president of Hearst Newspapers, emphasized plans to invest in digital initiatives, journalism, and audience growth at The Dallas Morning News. This acquisition fits Hearst’s broader strategy of bolstering trusted local media outlets in key growth markets.
DallasNews CEO Grant Moise highlighted that Hearst’s expertise and resources would help The Dallas Morning News “thrive for decades to come.”
Robert W. Decherd, former chairman and majority voting shareholder of DallasNews, expressed optimism that the merger would uphold the paper’s 140-year legacy of exceptional journalism.
After the deal closes, DallasNews will be taken private and its stock will cease trading on Nasdaq.
DallasNews Corporation stock price
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