• by Ray Schultz , July 23, 2025

There is a rival suitor for The Dallas Morning News, which earlier this month accepted a premium  offer from Hearst.

Alden Global Capital, owner of numerous papers, including the Chicago Tribune and New York Daily News, has made a bid for the Morning News through its affiliate MNG Enterprises, Inc., according to DallasNews Corporation, the holding company of The Dallas Morning News and Medium Giant.

DallasNews had accepted an offer of $14 in cash per share of common stock. This was 219% over the $4.39 share price reported on July 9. 

The MNG proposal offers a price of $16.50 per share in cash.

DallasNews says it remains subject to the terms of the merger agreement with Hearst. The board has not changed its recommendation in support of that deal.  

However, the board said it is carefully reviewing the MNG proposal in consultation with its legal and financial advisors, consistent with its fiduciary duties. 

Hearst had not answered a request for comment at deadline. 

Other publishers must be observing this bidding war for a big-city daily with interest. 

Alden Global Capital has been accused of gutting newsrooms that it has taken over. But it has paid well for those it has acquired.