{"id":886106,"date":"2025-09-15T06:36:07","date_gmt":"2025-09-15T10:36:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/dallasnews-corporation-announces-amendment-to-hearst-merger-agreement-with-a-final-increase-to-the-purchase-price\/"},"modified":"2025-09-15T06:36:07","modified_gmt":"2025-09-15T10:36:07","slug":"dallasnews-corporation-announces-amendment-to-hearst-merger-agreement-with-a-final-increase-to-the-purchase-price","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/dallasnews-corporation-announces-amendment-to-hearst-merger-agreement-with-a-final-increase-to-the-purchase-price\/","title":{"rendered":"DallasNews Corporation Announces Amendment to Hearst Merger Agreement with a Final Increase to the Purchase Price"},"content":{"rendered":"
\n

\n
\n DallasNews Shareholders to Receive All-Cash Consideration of $16.50 Per Share, a 276% Premium<\/em>
\n <\/strong>
\n
\n Over<\/em>
\n <\/strong>
\n
\n the Closing Price Per Share of Series A Common Stock on July 9, 2025<\/em>
\n <\/strong>\n <\/p>\n

\n
\n Hearst Merger Provides Certainty of Value, Accelerated ROI, and Immediate Liquidity, While Eliminating Company Ownership Risks for Shareholders<\/em>
\n <\/strong>\n <\/p>\n

\n
\n Board Unanimously Recommends that Shareholders Vote \u201cFOR\u201d the Hearst Merger to Secure the Future of DallasNews and Realize a Significant Premium on their Investment<\/em>
\n <\/strong>\n <\/p>\n

DALLAS, Sept. 15, 2025 (GLOBE NEWSWIRE) — DallasNews Corporation\u00a0(Nasdaq: DALN) (the \u201cCompany\u201d or \u201cDallasNews\u201d), the holding company of\u00a0The Dallas Morning News<\/em>\u00a0and Medium Giant, announced today that it has entered into an amendment to the definitive agreement governing the Company\u2019s pending merger with Hearst (the \u201cHearst Merger\u201d), one of the nation\u2019s leading information, services and media companies, which increases the per share purchase price to be paid by Hearst from $15.00 to\u00a0$16.50\u00a0per share in cash, representing a premium of 276% over the $4.39 closing price per share of Series A Common Stock on July 9, 2025.<\/p>\n

\n A Final Enhanced Offer that Delivers Certain Value and a Significant Premium for DallasNews Shareholders<\/strong>\n <\/p>\n

Jeff Johnson, president of Hearst Newspapers, stated, \u201cWith this best and final increase to our offer, we are clearly demonstrating our commitment to providing significant value to DallasNews shareholders and further illustrating our belief that DallasNews has a bright future as part of the Hearst family.\u201d\u00a0\u00a0<\/p>\n

John A. Beckert, Chairman of the Board, DallasNews, added, \u201cWe are pleased to have been able to secure a higher price for DallasNews shareholders and recommend that all shareholders vote FOR<\/u> the merger with Hearst. DallasNews shareholders have an important choice to make: either support this value creating transaction and realize a significant premium on their investment, or alternatively, DallasNews will remain a public company and its shares may return to their pre-announcement trading value of approximately $4 per share.\u201d<\/p>\n

\n Clear Support from the DallasNews Board of Directors, the Company\u2019s Largest Shareholder, and Leading Independent Proxy Advisory Firms<\/strong>\n <\/p>\n

In addition to the unanimous support of the DallasNews board of directors (the \u201cBoard\u201d), the Hearst Merger is supported by the Company\u2019s largest shareholder, Robert W. Decherd. Decherd has publicly and consistently stated that he will vote FOR<\/u> the Hearst Merger based on Hearst\u2019s reputation and historic commitment to journalistic integrity, delivering high-quality local news, and meeting its audiences\u2019 information needs with excellence.<\/p>\n

Decherd has reiterated his confidence in the transaction stating, \u201cThis increased offer from Hearst cements what was already a compelling proposal to deliver significant value to shareholders and secure the future of DallasNews. The Hearst Merger has my full support, and I encourage all DallasNews shareholders to join me in approving this transaction both for the value it creates, and the demonstrated ability of Hearst to support DallasNews in serving North Texas long into the future.\u201d<\/p>\n

Two leading independent proxy advisory firms, Institutional Shareholder Services Inc. and Glass, Lewis & Co., have also recommended shareholders vote FOR<\/u> the Hearst Merger.<\/p>\n

\n The Board Recommends Shareholders Vote <\/strong>
\n
\n FOR<\/u>
\n <\/strong>
\n the Hearst Merger Today and Secure a Certain, Cash Premium for Their Shares<\/strong>\n <\/p>\n

Every vote is very important. Two-thirds of the shares of Series A Common Stock, voting as a single class, must vote in favor of the Hearst Merger, in addition to two-thirds of the shares of Series B Common Stock, voting as a single class, and two-thirds of the combined shares of Series A and Series B Common Stock, voting together as a single class.<\/p>\n

\n If the Hearst Merger is not approved by DallasNews shareholders, the price of the Company\u2019s shares may return to the trading price prior to the announcement of the transaction.<\/u>\n <\/p>\n

\n The voting window is closing rapidly – it is important for shareholders to act now. To be certain their vote is cast by phone or internet, shareholders should vote on or before September 22, 2025, at 10:59 p.m. CT.<\/strong>\n <\/p>\n

Shareholders that have questions about voting their proxy or require replacement proxy materials, please contact the Company\u2019s designated proxy solicitors D.F. King & Co., Inc. toll-free +1 (866) 416-0577 or by email at DALN@dfking.com or Okapi Partners toll-free at +1 (844) 343-2621 or by email at Info@okapipartners.com.<\/p>\n

\n About\u00a0DallasNews Corporation<\/strong><\/p>\n

DallasNews Corporation<\/a>\u00a0is the\u00a0Dallas-based holding company of\u00a0The Dallas Morning News<\/em>\u00a0and Medium Giant.\u00a0<\/em>The Dallas Morning News<\/em><\/a>, a leading daily newspaper, is renowned for its excellent journalistic reputation, intense regional focus, and close community ties. As a testament to its commitment to quality journalism, the publication has been honored with nine Pulitzer Prizes.\u00a0Medium Giant<\/a>, an integrated creative marketing agency with offices in\u00a0Dallas\u00a0and Tulsa, works with a roster of premium brands and companies. In 2024, the agency earned top industry recognition, winning an AAF Addy and the AMA DFW Annual Marketer of the Year Award for Campaign of the Year, along with six prestigious Davey Awards.\u00a0Medium Giant\u00a0is a wholly owned business of\u00a0DallasNews Corporation. For additional information, visit\u00a0mediumgiant.co<\/a>.<\/p>\n

\n Forward-Looking Statements<\/strong><\/p>\n

This communication\u00a0contains forward-looking statements within the meaning of Section\u00a027A of the Securities Act of 1933, as amended, and Section\u00a021E of the Securities Exchange Act of 1934, as amended. These statements are based on current expectations, estimates and projections about, among other things, the industry and markets in which the Company operates, and the transactions described in this communication.\u00a0Words such as \u201canticipate,\u201d \u201cassume,\u201d \u201cbelieve,\u201d \u201ccan,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cforecast,\u201d \u201cintend,\u201d \u201cexpect,\u201d \u201cmay,\u201d \u201cproject,\u201d \u201cplan,\u201d \u201cseek,\u201d \u201cshould,\u201d \u201ctarget,\u201d \u201cwill,\u201d \u201cwould\u201d and their opposites and similar expressions are intended to identify forward-looking statements. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those set forth in forward-looking statements. While the Company\u2019s management believes the assumptions underlying its forward-looking statements and information are reasonable, such information is necessarily subject to uncertainties and may involve certain risks, many of which are difficult to predict and are beyond the control of the Company\u2019s management. These risks include, but are not limited to: (i)\u00a0the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement between the Company and Hearst (the \u201cHearst Merger Agreement\u201d); (ii)\u00a0the outcome of any legal proceedings that may be instituted against the Company and others following announcement of the Hearst Merger Agreement or the Company\u2019s implementation of a shareholder rights plan (the \u201cRights Plan\u201d); (iii)\u00a0the inability to complete the proposed Hearst Merger due to the failure to obtain the requisite approval of the Company\u2019s shareholders or the failure to satisfy other conditions to completion of the Hearst Merger; (iv)\u00a0risks that the proposed transaction disrupts current plans and operations and the potential difficulties in employee retention as a result of the Hearst Merger; (v)\u00a0the impact, if any, of the announcement or pendency of the Hearst Merger on the Company\u2019s relationships with customers or other commercial partners; (vi)\u00a0the amount of the costs, fees, expenses and charges related to the Hearst Merger and the Rights Plan; (vii) the ability of the Rights Plan to protect shareholders’ interests and to effectively ensure that the Board has sufficient time to make informed judgments that are in the best interests of the Company and its shareholders; and (viii)\u00a0other risks described in the Company\u2019s public disclosures and filings with the\u00a0Securities and Exchange Commission. All forward-looking statements speak only as of the date of this communication\u00a0or, in the case of any document incorporated by reference, the date of that document.<\/p>\n

All subsequent written and oral forward-looking statements attributable to us or any person acting on our behalf are qualified by the cautionary statements in this section. We undertake no obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this communication.<\/p>\n

\n Shareholder Contacts<\/strong>\n <\/p>\n

D.F. King & Co., Inc.
Toll-free: 1-866-416-0577
DALN@dfking.com<\/a><\/p>\n

Okapi Partners LLC
Toll-free: 1-844-343-2621
Info@okapipartners.com<\/a><\/p>\n

\n Media Contact<\/strong>
\n
Gagnier Communications
Riyaz Lalani \/ Dan Gagnier
DallasNews@gagnierfc.com<\/a><\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

DallasNews Shareholders to Receive All-Cash Consideration of $16.50 Per Share, a 276% Premium Over the Closing Price Per Share of Series A Common Stock on July 9, 2025 Hearst Merger Provides Certainty of Value, Accelerated ROI, and Immediate Liquidity, While Eliminating Company Ownership Risks for Shareholders Board Unanimously Recommends that Shareholders Vote \u201cFOR\u201d the Hearst Merger to Secure the Future of DallasNews and Realize a Significant Premium on their Investment DALLAS, Sept. 15, 2025 (GLOBE NEWSWIRE) — DallasNews Corporation\u00a0(Nasdaq: DALN) (the \u201cCompany\u201d or \u201cDallasNews\u201d), the holding company of\u00a0The Dallas Morning News\u00a0and Medium Giant, announced today that it has entered into an amendment to the definitive agreement governing the Company\u2019s pending merger with Hearst (the \u201cHearst Merger\u201d), one of the nation\u2019s … <\/p>\n

Continue reading “DallasNews Corporation Announces Amendment to Hearst Merger Agreement with a Final Increase to the Purchase Price”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-886106","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nDallasNews Corporation Announces Amendment to Hearst Merger Agreement with a Final Increase to the Purchase Price - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dallasnews-corporation-announces-amendment-to-hearst-merger-agreement-with-a-final-increase-to-the-purchase-price\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DallasNews Corporation Announces Amendment to Hearst Merger Agreement with a Final Increase to the Purchase Price - 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