Core Points - DallasNews Corporation has completed its merger with Hearst, resulting in shareholders receiving $16.50 per share in cash [2][3] - Following the merger, shares of DallasNews Series A common stock have ceased trading on Nasdaq as of September 24, 2025 [3] - The merger was initially announced on July 10, 2025, and received shareholder approval on September 23, 2025 [4] Company Overview - DallasNews Corporation is the holding company for The Dallas Morning News, a prominent daily newspaper known for its journalistic excellence and community engagement, having won nine Pulitzer Prizes [5] - Medium Giant, a creative marketing agency under DallasNews, has received multiple industry accolades, including the AAF Addy and AMA DFW Annual Marketer of the Year Award for Campaign of the Year in 2024 [5]

Core Viewpoint - DallasNews Corporation has announced that shareholders approved the merger with Hearst, which will result in an all-cash consideration of $16.50 per share for DallasNews common stock, leading to the company ceasing to trade as a public entity [2][3][4]. Group 1: Merger Details - The merger with Hearst was approved at a Special Meeting of Shareholders held on September 23, 2025 [2]. - DallasNews shareholders will receive $16.50 per share in cash as part of the merger agreement [3]. - The transaction is expected to close on or about September 24, 2025, pending the satisfaction or waiver of closing conditions [5]. Group 2: Company Background - DallasNews Corporation is the holding company for The Dallas Morning News, a prominent daily newspaper known for its journalistic excellence and community ties, having won nine Pulitzer Prizes [6]. - Medium Giant, a creative marketing agency under DallasNews, has received multiple industry awards, including the AAF Addy and the AMA DFW Annual Marketer of the Year Award for Campaign of the Year in 2024 [6]. Group 3: Leadership Statements - John A. Beckert, Chairman of the Board, expressed gratitude to shareholders for their approval of the merger, emphasizing the value created for them [4]. - Jeff Johnson, President of Hearst Newspapers, highlighted the alignment of the merger with Hearst's commitment to enhancing local media in growing markets [4].

Core Viewpoint - DallasNews Corporation's Board of Directors has rejected a non-binding acquisition proposal from Alden Global Capital, reaffirming support for the Hearst Merger Agreement, which offers a significant cash premium to shareholders [2][4]. Group 1: Hearst Merger Agreement - Hearst has proposed to acquire all issued and outstanding shares of DallasNews at a price of $16.50 per share in cash, representing a 276% premium over the closing price of $4.39 on July 9, 2025 [3]. - The Hearst offer is described as the best and final offer, with no expectation of an increased price [6]. Group 2: Board's Position - The Board of Directors has emphasized the certainty and value of the all-cash premium offered by Hearst, encouraging shareholders to vote in favor of the merger [4]. - The Board determined that Alden's revised proposal of $20 per share is not superior and unlikely to lead to a better offer [4]. Group 3: Shareholder Support - Robert W. Decherd, the largest shareholder, who controls over 96% of the voting power of Series B common stock, has expressed unwavering support for the Hearst Merger, prioritizing the journalistic integrity of The Dallas Morning News over financial returns [5]. - Decherd has stated that he does not view his holdings as a financial asset but rather as a commitment to sustaining quality journalism [5].

Core Viewpoint - The Board of Directors of DallasNews Corporation reaffirms its support for the Hearst Merger Agreement, emphasizing the significant cash premium it offers to shareholders, while rejecting a competing proposal from MNG Enterprises, Inc. [1][3] Group 1: Merger Details - DallasNews entered into a definitive agreement with Hearst on July 9, 2025, for Hearst to acquire all issued and outstanding shares at $14.00 per share in cash [2] - The purchase price was later amended to $15.00 per share, representing a 242% premium over the closing price on July 9, 2025 [2] Group 2: Board's Decision Process - The Board reviewed the Revised Alden Proposal and determined it was not a superior proposal, engaging with Robert W. Decherd, who controls over 96% of the voting power of Series B common stock [3] - Decherd confirmed his intent to vote in favor of the Hearst Merger Agreement and stated he would not support a sale to Alden or its affiliates [3] Group 3: Company Background - DallasNews Corporation is the holding company for The Dallas Morning News and Medium Giant, known for its strong journalistic reputation and community ties [4] - The Dallas Morning News has won nine Pulitzer Prizes, while Medium Giant has received multiple industry awards, including the AAF Addy and AMA DFW Annual Marketer of the Year Award [4]

Core Insights - Quad/Graphics, Inc. has been selected as the agency of record by Scandinavian Designs to enhance its marketing strategy and execution [1][3] - The partnership aims to grow Scandinavian Designs' e-commerce presence and modernize the furniture shopping experience [2][4] Company Overview - Scandinavian Designs is a nationwide retailer specializing in modern home furnishings, with over 50 store locations across the U.S. [2][7] - Quad is a marketing experience company that integrates creative, production, and media solutions across various channels [8][10] Strategic Collaboration - The collaboration will involve Quad's creative agency, Betty, and media agency, Rise, to provide strategic direction and analytics services [4][5] - Quad will also revive Scandinavian Designs' catalog, which was previously discontinued, to enhance consumer engagement [5][6] Market Insights - Recent research indicates that 78% of Gen Z and Millennials prefer brands that enhance physical shopping with digital touchpoints, and 65% of shoppers across generations look forward to receiving catalogs [6]

Core Viewpoint - DallasNews Corporation is pursuing a merger with Hearst, offering shareholders a cash value of $15.00 per share, representing a 242% premium over the stock's closing price of $4.39 on July 9, 2025 [2][4]. Company Overview - DallasNews Corporation is the holding company for The Dallas Morning News and Medium Giant, with a strong reputation in journalism and marketing [10]. Merger Details - The preliminary proxy statement has been filed, indicating the Board's belief that the Hearst Merger is in the best interests of shareholders [1][2]. - Robert W. Decherd, the majority shareholder, has committed to vote in favor of the Hearst Merger, which is crucial for obtaining shareholder approval [3][5]. Alden Global Capital's Proposal - An unsolicited proposal from Alden Global Capital was received, but the Board determined it did not qualify as a "Superior Proposal" under the Hearst Merger Agreement [4][6]. - Decherd has publicly stated he will not support any transaction involving Alden, reinforcing the challenges Alden faces in pursuing a deal [5][8]. Shareholder Approval Process - For the Hearst Merger to proceed, two-thirds of both Series A and Series B common stock must approve the transaction [7]. - Alden's efforts to rally shareholders against the Hearst Merger may complicate the approval process, as Decherd does not control the Series A vote [7][8]. Financial Advisory - J.P. Morgan Securities LLC is serving as the exclusive financial advisor to DallasNews, while Haynes Boone is the legal advisor [9].

Core Viewpoint - DallasNews Corporation has rejected an unsolicited acquisition proposal from MNG Enterprises, Inc. and reaffirmed its commitment to a merger agreement with Hearst, which has been amended to increase the purchase price from $14.00 to $15.00 per share in cash [2][5]. Summary by Sections Acquisition Proposals - DallasNews received a non-binding proposal from MNG Enterprises to acquire its shares at $16.50 per share, which was reviewed and rejected by the Board [2][4]. - The Board concluded that the Alden Proposal does not qualify as a "Superior Proposal" under the existing Hearst Merger Agreement [4]. Hearst Merger Agreement - On July 9, 2025, DallasNews entered into a definitive agreement with Hearst to acquire all outstanding shares at $14.00 per share, which was later amended to $15.00 per share at the Board's request [3][5]. - Robert W. Decherd, who controls a significant portion of the voting power, has committed to vote in favor of the Hearst merger and against alternative proposals [3][4]. Shareholder Rights Plan - The Board adopted a shareholder rights plan to protect against potential hostile takeovers, particularly in response to the Alden Proposal [6][7]. - The rights plan allows shareholders to purchase additional shares at a discounted price if a person or group acquires 10% or more of the Company's Series A common stock without Board approval [8][9]. - The rights plan is effective immediately and will expire on July 26, 2026, unless terminated earlier [10]. Financial Advisory - J.P. Morgan Securities LLC is serving as the exclusive financial advisor to DallasNews, while Haynes Boone is providing legal advice [11].

Core Viewpoint - DallasNews Corporation has received an unsolicited proposal from MNG Enterprises to acquire its shares at $16.50 per share, while it is already under a merger agreement with Hearst at $14.00 per share [1][2][3] Group 1: Acquisition Proposals - MNG Enterprises has proposed to acquire all outstanding shares of DallasNews at a price of $16.50 per share in cash [1] - DallasNews is currently bound by a merger agreement with Hearst, which offers $14.00 per share in cash for the acquisition [2] - The Board of Directors is reviewing the MNG Proposal while maintaining its support for the existing merger agreement with Hearst [3] Group 2: Company Background - DallasNews Corporation is the holding company for The Dallas Morning News and Medium Giant, known for its strong journalistic reputation and community ties [4] - The Dallas Morning News has won nine Pulitzer Prizes, highlighting its commitment to quality journalism [4] - Medium Giant, a creative marketing agency under DallasNews, has received multiple industry awards, including the AAF Addy and AMA DFW Annual Marketer of the Year Award [4]

行情速递 ① 主 板 领 涨 ， 粤 传 媒 (+10.07%)/ 旭 光 电 子 (+10.05%)/ 引 力 传 媒 (+10.03%)/ 元 隆 雅 图 (+10.03%)/楚天龙(+10.01%) / ②创业板领涨， 旗天科技(+16.86%)/润欣科技(+15.67%)/苏州天脉(+9.37%) / ③科创板领涨， 光云科技 (+9.89%)/卓易信息(+8.93%)/海天瑞声 (+7.79%)/ ④活跃子行业， SW营销代理(+4.00%)/SW品牌消费电子(+2.80%)/ 国内新闻 ③赛意信息，发布关于投资建设赛意信息全球研发中心的公告/公司拟投资约 3.3亿元人民币建设全球研发中心/预计建设周期30个月/资金来源为自筹资 金/ ④ 莱尔科技，发布2024年年度权益分派实施公告/公司2024年年度拟向全 体股东每10股派发现金红利0.66元（含税）/合计拟派发现金红利为 10,142,271.48元（含税） / 海外新闻 ① 半导体产业纵横，美国芯片制造商高通周一同意以约24 亿美元的价 格收购英国半导体公司 Alphawave/该公司还推出了首款"硅产品"/可帮 助实现大型数据中心的高速连接 ...

Company Overview - DallasNews Corporation is the holding company for The Dallas Morning News and Medium Giant, based in Dallas [3] - The Dallas Morning News is recognized as Texas' leading daily newspaper, known for its strong journalistic reputation and community ties, having won nine Pulitzer Prizes [3] - Medium Giant is an integrated creative marketing agency that has received multiple industry awards, including the AAF Addy and AMA DFW Annual Marketer of the Year Award for Campaign of the Year in 2024 [4] Upcoming Financial Results - DallasNews Corporation will release its first quarter 2025 financial results before the market opens on May 1, 2025 [1] - A conference call to discuss the financial results will take place on May 1, 2025, at 9:00 a.m. CDT [1] - The conference call will be available via webcast on the company's investor relations website, with an archive accessible afterward [2]