DallasNews Corporation Announces Amendment to Hearst Merger Agreement with a Final Increase to the Purchase Price

Core Viewpoint - DallasNews Corporation has announced an increase in the cash purchase price per share to $16.50 from Hearst, representing a 276% premium over the closing price of $4.39 on July 9, 2025, and the board recommends shareholders vote in favor of the merger to secure this value [1][2][3] Group 1: Merger Details - The Hearst Merger will provide certainty of value, accelerated return on investment (ROI), and immediate liquidity for DallasNews shareholders [1] - The increased offer from Hearst demonstrates a commitment to delivering significant value to DallasNews shareholders [2] - The merger is supported by the DallasNews board of directors and the largest shareholder, Robert W. Decherd, who emphasizes Hearst's reputation for journalistic integrity [3][4] Group 2: Shareholder Voting - The board urges shareholders to vote FOR the merger, highlighting the importance of their votes, as two-thirds of both Series A and Series B shares must approve the merger [5] - The voting deadline is September 22, 2025, at 10:59 p.m. CT, and shareholders are encouraged to act quickly [7] Group 3: Company Background - DallasNews Corporation is the holding company for The Dallas Morning News, known for its strong journalistic reputation and community ties, and Medium Giant, a creative marketing agency recognized for its industry achievements [8]