Hearst to buy the Dallas Morning News
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.
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