JOURNAL ARTICLE

Hearst Wins Bidding War for 140-Year-Old Dallas Newspaper.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Lovinger, Joe 3 of 3

Abstract

The article focuses on Hearst's successful acquisition of DallasNews Corp., the parent company of the Dallas Morning News, for $88 million, despite a higher competing bid from Alden Global Capital-backed MediaNews Group. DallasNews shareholders approved Hearst's offer, which values the company at $16.50 per share, significantly higher than its previous closing price. The acquisition allows Hearst to expand its control over major Texas newspapers, complementing its existing holdings in Houston, Austin, and San Antonio. The deal is expected to close around September 24, following a bidding war that highlighted the challenges facing the newspaper industry. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/09, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2025
  • Accession Number:188177237
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