Alden Global Capital makes a play for The Dallas Morning News

The investment firm’s MediaNews Group, the country’s second-largest newspaper publisher, put in a bid for the publication nearly two weeks after Hearst agreed to buy it

Posted Wednesday, July 23, 2025 11:33 am

Katie Robertson | The New York Times

MediaNews Group, the newspaper operator owned by the investment firm Alden Global Capital, put in a bid on Tuesday to buy The Dallas Morning News, a last-minute twist in the sale of a publication that has been locally owned for 140 years.

This month, the media conglomerate Hearst agreed to acquire DallasNews Corporation, the parent company of The Dallas Morning News, in a deal valued at $75 million, or $14 a share. That deal has been approved by the boards of each company and was expected to close later this year.

MediaNews Group is offering $16.50 a share, or roughly $88 million, for the company, according to a letter to the DallasNews board that was disclosed in a filing with the Securities and Exchange Commission.

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Alden Global Capital makes a play for The Dallas Morning News

The investment firm’s MediaNews Group, the country’s second-largest newspaper publisher, put in a bid for the publication nearly two weeks after Hearst agreed to buy it

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