08:03 AM EDT, 08/18/2025 (MT Newswires) -- DallasNews ( DALN ) said Monday it has filed a definitive proxy statement for its proposed acquisition by Hearst.

Under Hearst's proposal, DallasNews ( DALN ) shareholders will receive $15 per share in cash, implying a premium of 242% over the company's last class A share price close of $4.39 before the proposal was first announced July 9.

DallasNews' ( DALN ) board recommends its shareholders vote in favor of the proposal.

Shareholders of record as of Aug. 14 are entitled to vote at the company's special shareholders meeting Sept. 23.

DallasNews ( DALN ) is the holding company of The Dallas Morning News.