Hearst to acquire DallasNews Corporation for $75m.

Hearst, a diversified media, information, and services company, offered to acquire DallasNews Corporation, a holding company of The Dallas Morning News and Medium Giant, for $75m. "Hearst Newspapers is committed to supporting The Dallas Morning News’ continued success through smart investments in their digital strategy, compelling journalism and expanded audience reach. This move aligns squarely with our strategy of backing trusted, high-impact local media brands in growth markets. We are looking forward to working with the teams at The News and Medium Giant," Jeff Johnson, Hearst President.