Hearst has finalized its acquisition of DallasNews Corporation, the parent company of The Dallas Morning News, in a deal valued at approximately $74.9 million. The transaction, completed in early August 2025, marks the end of 140 years of local family ownership for the publication, which was founded in 1885 by Alfred Horatio Belo.
Shareholders of DallasNews Corporation will receive $15.00 per share in an all-cash deal, representing a significant premium of 242% over the stock's closing price of $4.39 on July 9, 2025. The acquisition received unanimous approval from the boards of both companies, with Robert W. Decherd, the largest shareholder, also confirming his support.
This strategic expansion integrates The Dallas Morning News into Hearst's existing Texas portfolio, which includes newspapers in Houston, San Antonio, and Austin. Jeff Johnson, president of Hearst Newspapers, expressed confidence that Hearst's resources will support the continued thriving of The Dallas Morning News, particularly through investments in its digital strategy and journalistic endeavors.
The acquisition occurs amidst a broader trend of media consolidation. While this can lead to efficiencies, it also raises questions about the future of local news. However, Hearst's history of supporting local journalism is viewed as a positive indicator for The Dallas Morning News. The publication, recognized for its journalistic excellence with nine Pulitzer Prizes, will now aim to maintain its legacy while adapting to the digital age under Hearst's stewardship.