New York City-based Hearst Corp.—the media giant that owns everything from A&E Network to Cosmopolitan to 28 daily newspapers across the U.S.—is acquiring DallasNews Corp. and its 140-year-old newspaper by offering a premium of 219% on its stock price. At the deal's close, the Morning News will go private and join the nationwide Hearst Newspapers lineup.
The Dallas-based holding company for The Dallas Morning News and marketing agency Medium Giant said it intends to use a portion of the sale proceeds to voluntarily fully fund the company’s pension liabilities, eliminating what it considers debt.
Duke University professor Stephen Buckley, who has an extensive background as an editor and reporter, will begin his role with an introductory column appearing in The Dallas Morning News and online on Sunday, May 12.
North Texas’ growing venture capital community was on full display Thursday at Old Parkland, as an estimated 450 company founders, investors and other community leaders gathered for the sixth annual Venture Dallas conference....
North Texas’ growing venture capital community was on full display Thursday at Old Parkland, as an estimated 450 company founders, investors and other community leaders gathered for the sixth annual Venture Dallas conference....