Overview

• MNG Enterprises, an Alden Global Capital affiliate, delivered an unsolicited $88.3 million all-cash bid on July 22 valuing DallasNews at $16.50 per share
• DallasNews shares jumped nearly 20 percent to $16.05 in midday trading after the rival proposal became public
• The board confirmed it is evaluating Alden’s offer under its fiduciary duties but has not withdrawn its recommendation for the Hearst deal
• MediaNews Group disclosed a 9.9 percent stake in DallasNews, making it the second-largest shareholder in the contested sale
• Hearst has pledged new digital investments and newsroom support, contrasting with Alden’s track record of deep cost-cutting at its newspaper properties