Shareholders of DallasNews will receive an all-cash consideration of $16.50 per share as the company merges with Hearst. The Dallas Morning News and Medium Giant will now be part of Hearst, a leading media company. The transaction is expected to close on September 24, 2025. J.P. Morgan Securities advised DallasNews, and the merger is subject to closing conditions. The announcement was made at a Special Meeting of Shareholders, with DallasNews filing a Form 8-K with the SEC. The merger aims to strengthen local media in growing markets, with DallasNews and Medium Giant looking forward to a bright future under Hearst.

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