DallasNews Corporation Rejects Unsolicited Non-Binding Proposal from Affiliate of Alden Global Capital

Announces Increase in Merger Consideration Offered by Hearst

Board Adopts Shareholder Rights Plan

DALLAS, July 28, 2025 (GLOBE NEWSWIRE) -- DallasNews Corporation (Nasdaq: DALN) (the “Company” or “DallasNews”), the holding company of The Dallas Morning News and Medium Giant, today announced that its Board of Directors (the “Board”), following consultation with the Company’s legal and financial advisors, reviewed and rejected the unsolicited, non-binding proposal received on July 22, 2025 from MNG Enterprises, Inc., an affiliate of Alden Global Capital, to acquire all of the issued and outstanding shares of the Company’s common stock at a price of $16.50 per share in cash (the “Alden Proposal”).

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