A second proxy advisory firm has weighed in on the
proposed sale of DallasNews Corp., owner of The Dallas Morning News, to Hearst.
Institution Shareholder Services Inc. (ISS) urges shareholders to
vote for the Hearst merger. The price is $15 per share in cash, a 242% premium over the $4.39 closing price per share of Series A Common Stock on July 9, 2025.
Another proxy advisory firm — Glass, Lewis — has also recommended that shareholders vote for the merger with Hearst.
This signifies that opinion is running against the
other bidder, Alden Global Capital’s MNG Enterprises, which has offered $18.50 per share. Robert W. Decherd, the controlling shareholder of Dallas News Corp., has been adamant in his
refusal to sell to MNG.
Of course, it remains to be seen how DallasNews Corp. shareholders will vote on September 23.
“ISS provides an important additional voice in
recommending that shareholders vote FOR this value creating merger,” says John A. Beckert, chairman of the board, DallasNewsCorp.
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