Hearst Buys DallasNews, Gains Texas Newspaper Dominance

Hearst Corporation has announced plans to acquire DallasNews Corporation, the parent of The Dallas Morning News and marketing agency Medium Giant, for about $75 million at $14 per share—a significant premium for shareholders. The deal, unanimously approved by both boards and expected to close in late 2025, will give Hearst control of daily newspapers in Texas's four largest cities, following its acquisitions of the Austin American-Statesman, Houston Chronicle, and San Antonio Express-News. Hearst and DallasNews leadership say the deal will boost The Dallas Morning News through investments in digital strategy, local journalism, and expanded marketing services. However, Hearst has previously streamlined operations and reduced local newsroom staff after similar acquisitions, prompting critics to warn of possible declines in local coverage. Both companies maintain a commitment to high-quality, community-focused reporting. The integration of Medium Giant is expected to strengthen Hearst's creative and agency services nationwide.