DALLAS — The Dallas Morning News will soon be under a new owner, as shareholders of the daily newspaper's parent company approved a merger with Hearst on Tuesday.

DallasNews Corporation shareholders approve the merger during a special meeting. Shareholders of DallasNews will receive an all cash consideration of $16.50 per share of DallasNews common stock as part of the terms of the merger. The deal also includes acquiring the marketing agency Medium Giant, the sister company of the Dallas Morning News.

“We would like to thank DallasNews shareholders for voting to approve this important and value creating merger with Hearst, and for securing the future of DallasNews,” said John A. Beckert, Chairman of the Board, DallasNews, in a statement. “We are proud to have delivered this compelling a

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