Shares of DallasNews Corp., the parent company of The Dallas Morning News, experienced a significant surge, jumping over 200% following the announcement of its acquisition by Hearst. Hearst agreed to acquire DallasNews Corp. at a price that represents a 219% premium over the stock's closing price on Wednesday. This acquisition signals a major development in the media landscape, potentially leading to changes in the Dallas Morning News' operations and editorial direction under Hearst's ownership. The deal reflects Hearst's continued investment in and expansion within the media industry.