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Shareholders approved a $16.50-per-share merger with Hearst, ending the Dallas Morning News’s 140-year independence.
Shareholders of DallasNews Corporation have approved a merger with Hearst, ending the Dallas Morning News's independence after 140 years.
The deal, valued at $16.50 per share in cash, integrates the newspaper and its marketing arm, Medium Giant, into Hearst Newspapers.
Hearst now owns major Texas dailies including the Houston Chronicle and Austin American-Statesman, expanding its portfolio to 29 daily newspapers, 35 TV stations, and over 200 magazines.
The acquisition follows an unsolicited offer from Alden Global Capital, which the board rejected in favor of Hearst.
The transaction, expected to close soon, strengthens Hearst’s presence in key markets and supports local journalism.
Los accionistas aprobaron una fusión de $ 16.50 por acción con Hearst, poniendo fin a la independencia de 140 años de Dallas Morning News.