A version of this story ran in the January / February 2026 issue.
In the realm of Texas newspapers, one media mogul now rules them all—or close to it at least. Last February, Hearst Communications acquired the Austin American-Statesman. Seven months later, the privately held New York-based conglomerate bought up the Dallas Morning News, one of the country’s last locally owned metro papers, for just over $80 million—outbidding the notorious hedge-fund outfit Alden Global.
Considering the alternative, this was seemingly welcome news for the journalism business in Texas, where over 200 local papers have shuttered in the past 20 years. Under the vampiric regime of Gannett/Gatehouse, the Statesman was bled and hollowed out into a husk of a paper. And the Morning News had steadily slipped away from its glory days, when it had bureaus around the world, and was mired by turnover, layoffs, and declining print circulation…