Owner of Houston Chronicle Buys The Dallas Morning News
In an all-cash, take-private deal valued at $74.9 million, The Dallas Morning News announced Thursday that it has agreed to join the Hearst Corporation, whose national chain of 28 daily newspapers will soon include the dailies of Texas' four most populous cities. Outside legal advisors on the deal include Haynes Boone for DallasNews and Clifford Chance for Hearst. Jeff Chapman of Gibson, Dunn & Crutcher advised Robert W. Decherd, DallasNews’ majority shareholder and former chairman.