12:53 PM EDT, 09/23/2025 (MT Newswires) -- DallasNews ( DALN ) said Tuesday that shareholders have approved its merger with media company Hearst during a special shareholders meeting.

Under the merger terms, DallasNews ( DALN ) shareholders will receive $16.50 per share in cash, the company said.

The deal is expected to close on Wednesday. Following the close, The Dallas Morning News and Medium Giant will join Hearst, he company said.

DallasNews ( DALN ) shares rose 4.5% in recent trading.

Price: 16.50, Change: +0.72, Percent Change: +4.56