Hearst has announced its acquisition of the Dallas Morning News for $75 million, concluding the paper's long-standing status as a publicly traded entity. The transaction emphasizes Hearst's expanding influence in Texas, where it already owns major newspapers in other key cities such as Houston, San Antonio, and Austin. The acquisition is expected to occur by the end of the current quarter, with anticipated staff reductions primarily in the business sector while the newsroom remains largely intact. Recent leadership changes in the newsroom suggest stability during the transition.
The acquisition of the Dallas Morning News marks the end of its era as a publicly traded company, shifting control to Hearst, which now dominates Texas media markets.
The deal enriches Hearst's media footprint in Texas, complementing its existing ownership of major newspapers in Houston, San Antonio, and Austin.
Collection
[
|
...
]