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DallasNews Corporation Completes Merger with Hearst, Expanding Portfolio of Print and Digital Advertising Services.
ByAinvest
Wednesday, Sep 24, 2025 5:59 pm ET1min read
DallasNews Corporation, the parent company of The Dallas Morning News, has completed its merger with Hearst. The company operates in the newspaper business, selling advertising, subscriptions, and commercial printing and distribution services. It also has a full-service agency, Medium Giant, which offers strategic and digital marketing services.
DallasNews Corporation (DALN), the parent company of The Dallas Morning News, has finalized its merger with Hearst. The deal, announced on July 10, 2025, and approved by shareholders on September 23, 2025, saw DALN shareholders receiving $16.50 per share in an all-cash transaction [1]. This marks the cessation of DALN's trading on the Nasdaq exchange, effective September 24, 2025 [1].Under the merger, The Dallas Morning News and Medium Giant will now operate as part of Hearst, a leading information, services, and media company. J.P. Morgan Securities LLC and Haynes Boone served as financial and legal advisors, respectively, for the transaction [1].
The Dallas Morning News, renowned for its Pulitzer Prize-winning journalism, will continue its operations under Hearst's umbrella. Medium Giant, an integrated creative marketing agency, will also be part of Hearst's portfolio, leveraging its strategic and digital marketing capabilities [2].
This merger expands Hearst's media portfolio, adding a prominent regional newspaper and a full-service marketing agency to its operations. DallasNews Corporation's ceasing of trading as a public company signals a shift in its corporate structure, aligning with Hearst's broader media strategy.
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