07:26 AM EDT, 09/15/2025 (MT Newswires) -- DallasNews Corporation ( DALN ) said Monday it amended its merger agreement with Hearst to raise the all-cash purchase price to $16.50 per share from $15.00, a 276% premium to the $4.39 close on July 9.

The board unanimously recommended shareholders vote for the Hearst merger, saying the deal delivers certainty of value, accelerated return, and immediate liquidity while removing ownership risk, the company said.

DallasNews ( DALN ) said its largest shareholder, Robert Decherd, and leading independent proxy advisory firms support the transaction.

Shares of the company were up almost 10% to $15.70 in recent Monday premarket activity.