Latest news with #Hearst
Axios
10-07-2025
- Business
- Axios
Hearst to buy the Dallas Morning News
A New York-based media company has announced it will buy the Dallas Morning News, ending the newspaper's 140-year history of local ownership. Why it matters: The DMN was among a few large newspapers in the country that were still family owned. The DMN purchase will put Hearst over the largest newspapers in Texas. The intrigue: Hedge funds have taken over many newspapers across the country and gutted them. Hearst appears to be a better outcome for the DMN. The company also owns the Houston Chronicle, San Antonio Express-News, Austin American-Statesman and other smaller Texas news outlets. Flashback: George Bannerman Dealey oversaw the launch of the Dallas Morning News in 1885. Zoom out: The DMN's former headquarters, known for its "Rock of Truth" facade, was at risk of being sold to a data center earlier this year.
Business Wire
10-07-2025
- Business
- Business Wire
DALN Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of DallasNews Corporation Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of DallasNews Corporation (NASDAQ: DALN) to Hearst for $14.00 in cash per share is fair to DallasNews shareholders. Halper Sadeh encourages DallasNews shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@ or zhalper@ The investigation concerns whether DallasNews and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for DallasNews shareholders; (2) determine whether Hearst is underpaying for DallasNews; and (3) disclose all material information necessary for DallasNews shareholders to adequately assess and value the merger consideration. On behalf of DallasNews shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses. Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome.
San Francisco Chronicle
10-07-2025
- Business
- San Francisco Chronicle
Hearst buys parent company of Dallas Morning News, expanding Texas footprint
Hearst announced Thursday that it was expanding its presence in Texas with the acquisition of DallasNews Corp., the parent company of the Dallas Morning News. Shareholders at the publicly traded DallasNews will receive $14 per share, valuing the deal at nearly $75 million, the Dallas Morning News reported. The Dallas Morning News will join the company's Hearst Newspapers division, the company said, which publishes 28 dailies and 50 weeklies, including the San Francisco Chronicle, the Houston Chronicle and Times Union in Albany, N.Y. The Dallas Morning News, one of the largest newspapers in Texas, has served the Dallas-Fort Worth area for 140 years and won nine Pulitzer Prizes. The acquisition also includes Medium Giant, a marketing firm also owned by DallasNews. The marketing firm will ' complement Hearst Newspapers' agency level services,' the company said in a statement. 'Hearst Newspapers is committed to supporting The Dallas Morning News' continued success through smart investments in their digital strategy, compelling journalism and expanded audience reach,' Jeff Johnson, president of Hearst Newspapers, said in a statement. The acquisition was expected to close in the next few months, Hearst said. Hearst was also reportedly a bidder for the Santa Rosa Press Democrat this spring but that publication, and six others in the North Bay, was purchased by Alden Capital, an investment firm that has been criticized for reducing the number of journalists in its newsrooms.
Engadget
10-07-2025
- Business
- Engadget
Amazon strikes AI licensing deal with Hearst and Condé Nast
Digiday is reporting that media conglomerates Hearst and Condé Nast have signed multi-year licensing agreements with Amazon to allow its AI shopping assistant Rufus access to the vast library of content held by the two companies. Between Hearst and Condé Nast, Rufus will have access to Cosmopolitan , GQ , Vogue and The New Yorker , just to name a few. A Hearst spokesperson confirmed to Digiday that the licensing deal with Amazon will allow Rufus broad access to its newspapers and magazines. The publication also received confirmation from Condé Nast. Further details on the arrangements have not been shared. Rufus is a chatbot built to answer shoppers' questions on product recommendations and other shopping-related needs. The AI tool is trained on Amazon's catalog, customer reviews, community Q&As, and "information from across the web." The strong commerce angle found in much of the Hearst and Condé Nast catalog makes the publishers suitable matches for the AI to train on. This follows a slew of licensing deals over the last few years between content publishers and tech giants seeking more content on which to train AI. For Condé Nast, this actually marks the second major AI deal for the media company since it entered into a multi-year partnership with OpenAI last year to display content from its various publications in ChatGPT. Amazon recently struck a licensing arrangement with The New York Times and its adjacent properties, all while the iconic newspaper is embroiled in a lawsuit against Microsoft and OpenAI for copyright infringement. From Disney and Universal suing Midjourney to Reddit signing an AI deal , these latest signings are a continuation of the existential back-and-forth between content creators protecting their intellectual property and AI companies' seemingly endless appetite for more content on which to train their various models.
Cosmopolitan
09-07-2025
- Entertainment
- Cosmopolitan
12 Coach Handbag Prime Day Deals, Per a Purse-Obsessed Editor
If you're always fiending for a good beauty or fashion deal like me, you probably already know that Amazon Prime Day is one of your best chances all year to save some major $$$. But one thing I personally never saw coming? Coach quietly marked down tons of designer handbags for Prime Day—including this Bella Hadid-approved style—for up to 40% off. Shop Prime Day deals As a shopping editor who has been covering Prime Day for years now, I can say with certainty that this is one of your rare chances to score a celeb-approved designer brand on sale. Hadid has been seen sporting a Brooklyn Bag multiple times in the last year, and you can save over $200 on the exact style right now. The Brooklyn Bag has a slouchy silhouette that can keep up with a busy lifestyle (aka, fit all of your clutter). The spacious interior is big enough fit a 15-inch laptop and even has a small pocket for stowing essentials, making it a cool and casual work bag choice. I'm also obsessed with the on-trend suede fabric that gives city cowgirl—Bella would be so proud. Hint: You can also shop the smaller version on sale at 30 percent off right now. There's a bunch of other viral styles on sale too, like the editor-loved Tabby—it's giving options, ppl! Although it's tempting to wait and see if these deals get better in the next few days, keep in mind that Coach's highly sought-after bags will probably go out of stock quickly. So if you want it, treat yourself before it's too late. Anvita Reddy (she/her) is a Commerce Editor at Hearst Magazines. She contributes commerce content across Hearst's portfolio, including Elle, Harper's Baazar, Esquire, Good Housekeeping, Country Living, Cosmopolitan, House Beautiful, and more. She has over four years of experience in the commerce space, including writing detailed first-person product reviews, trend and best-of round-ups, deals and sales coverage, and more. Previously, she was an assistant editor for PS Shopping, covering beauty, home and kitchen, fashion, tech, travel, wellness, and lifestyle. In her free time, you can find her catching up on everything from reality TV to reruns of classic sitcoms, testing out viral beauty products, sharpening her cooking skills, working out, or traveling.
