Overview

• Pending customary closing conditions, the deal is expected to finalize in the third or early fourth quarter of 2025.
• Shareholders will each receive $14 per share, translating to a 219% premium over the stock’s July 9 closing price.
• Hearst’s purchase takes the DallasNews Corporation private and absorbs a 140-year-old independent publisher.
• Journalists at The Dallas Morning News were not informed prior to the public announcement and now face transition under new ownership.
• The acquisition expands Hearst’s control to four of Texas’s five largest newspapers as it pledges investments in digital strategy and audience growth.