US EditionDallas Morning News to Be Bought by Hearst
DALLAS COUNTY, TEXAS, JUL 10 – The $74.9 million deal values DallasNews at 319% above recent share price and aims to combine resources to strengthen journalism brands, officials said.
- Hearst has agreed to acquire DallasNews Corporation, the parent company behind The Dallas Morning News and the creative agency Medium Giant, in a transaction announced on July 10, 2025, involving an all-cash payment.
- The deal follows Hearst's expansion in Texas, including the purchase of the Austin American-Statesman earlier this year, and builds on shared journalistic values dating back over 100 years.
- The Dallas Morning News, with a 140-year history and nine Pulitzer Prizes, employs 439 people, including 157 newsroom staff, despite eliminating 40 jobs in 2023.
- Shareholders will receive $14 per share, a 219% premium over the July 9 closing price of $4.39, valuing DallasNews at $74.9 million and backed by unanimous board approval.
- The transaction is anticipated to be finalized sometime between the third quarter and the beginning of the fourth quarter of 2025, after which DallasNews will become a private company, be removed from Nasdaq, and Hearst will focus on enhancing its digital presence and journalistic capabilities.
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21 Articles
Hearst buys the The Dallas Morning News, and 140 years of local ownership ends
Hearst has entered into an agreement to acquire the Dallas Morning News in a transaction valued at $75 million, the two companies announced Thursday morning. It marks the end of […] The post Hearst buys the The Dallas Morning News, and 140 years of local ownership ends appeared first on Poynter.
Dallas Morning News to be acquired by media company Hearst
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Dallas Morning News is acquired by media company Hearst
Dallas' daily newspaper The Dallas Morning News has been acquired by Hearst. The announcement was made by Steven R. Swartz, president and chief executive officer of Hearst, and Grant Moise, chief executive officer of DallasNews Corporation and publisher of The Dallas Morning News.
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