Hearst buys the The Dallas Morning News, and 140 years of local ownership ends
Hearst has entered into an agreement to acquire the Dallas Morning News in a transaction valued at $75 million, the two companies announced Thursday morning.
It marks the end of an era. The News was publicly traded but the stock had been family controlled since 1885. As it is absorbed by privately held Hearst, that leaves just two public newspaper companies oriented to local publishing – Gannett and Lee.
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