DallasNews Shareholders Approve Hearst Merger At $16.50/Share; The Dallas Morning News And Medium Giant To Join Hearst

allasNews Shareholders to Receive an All Cash Consideration of $16.50 Per Share

The Dallas Morning News and Medium Giant to Join Hearst

DALLAS, Sept. 23, 2025 (GLOBE NEWSWIRE) -- DallasNews Corporation (NASDAQ:DALN) (the "Company" or "DallasNews"), the holding company of The Dallas Morning News and Medium Giant, announced today that shareholders approved the Company's pending merger with Hearst (the "Hearst Merger") at the Company's Special Meeting of Shareholders held today (the "Special Meeting").

Subject to the completion of the closing, The Dallas Morning News and Medium Giant will now join Hearst, one of the nation's leading information, services and media companies. As outlined in the Merger Agreement, DallasNews shareholders will receive an all cash consideration of $16.50 per share of DallasNews common stock, and DallasNews will cease to trade as a public company.

The transaction is expected to close on or about September 24, 2025, subject to the satisfaction or waiver of closing conditions.