DallasNews Corporation Soars 13.39% on MNG Acquisition Bid

DallasNews Corporation has seen a significant rise of 13.39% in pre-market trading on July 23, 2025, driven by an unsolicited acquisition proposal from MNG Enterprises, an affiliate of Alden Global Capital. The proposal offers $16.50 per share in cash for all outstanding shares, surpassing the previous merger agreement with Hearst, which offered $14.00 per share.

The Board of Directors of DallasNews is currently reviewing the MNG proposal while maintaining its support for the existing merger agreement with Hearst. The company remains committed to its fiduciary duties and will provide further updates to shareholders as the situation develops.

DallasNews Corporation, the holding company of The Dallas Morning News and Medium Giant, is renowned for its journalistic excellence and strong community ties. The company's assets include The Dallas Morning News, a leading daily newspaper with nine Pulitzer Prizes, and Medium Giant, an integrated creative marketing agency recognized for its industry awards.