• by Ray Schultz , September 23, 2025

DallasNews Corp. shareholders approved the company’s merger with Hearst on Tuesday, effectively killing Alden Global Capital’s chances of gaining control of The Dallas Morning News.

The price is $16.50 per share in cash. Subject to the Sept. 24 closing, DallasNews will no longer trade as a public company.

Alden Global Capital’s MNG Enterprises had bid $20 per share in a non-binding offer. But DallasNews Corp. adhered to the July merger agreement between that company and Hearst, which set a price of $14 per share.  

DallasNews Corp. also owns Medium Giant, a creative marketing agency with offices in Dallas and Tulsa.

“With the agreement now approved, we’re excited to work with our new colleagues at The Dallas Morning News and Medium Giant,” says Jeff Johnson, president of Hearst Newspapers, in a statement. “Bringing these respected organizations into Hearst fully aligns with our commitment to strengthening trusted, high-impact local media in growing markets, and we look forward to building the future together.”