• by Ray Schultz , July 10, 2025

DallasNews Corporation, the holding company of The Dallas Morning News and the Medium Giant agency, will be acquired by Hearst, the firms announced Thursday morning.  

Shareholders in DallasNews will receive $14 in cash per each share of common stock, a premium of 219% over the $4.39 per share reported on July 9. Reports state that DallasNews is valued at $74.0 million. 

The deal is expected to close in the third or early fourth quarter, at which point The Dallas Morning News will become part of Hearst Newspapers. At that point, DallasNews wil become a private company and will no longer be traded on Nasdaq.

The deal has been approved by the boards of both companies. 

“Hearst Newspapers is committed to supporting The Dallas Morning News’ continued success through smart investments in their digital strategy, compelling journalism and expanded audience reach,” says Jeff Johnson, president of Hearst Newspapers. “This move aligns squarely with our strategy of backing trusted, high-impact local media brands in growth markets.

Medium Giant will be added to Hearst Newspapers’ agency level services. 

“For 140 years, The Dallas Morning News has earned enviable status as one of the most trusted and distinguished daily newspapers in the U.S.,” says Grant Moise, chief executive officer of DallasNews Corp.and publisher of The Dallas Morning News. 

Moise adds, “We’ve done so by focusing on the issues that matter most to our North Texas community and by embracing the kind of objective, accountable and skillful reporting at the heart of impactful journalism. The Hearst family of newspapers shares these values.” 

Earlier this year, Hearst acquired Austin American-Statesman from Gannett and was on target to take over the Santa Rosa PressDemocrat and other California publications. Hearst operates 28 dailies and 50 weeklies throughout the United States.