Alden Global on Tuesday increased its takeover offer for Dallas Morning News publisher DallasNews to $20 per share, topping a $16.50-per-share proposal from Hearst.
Why it matters: A bidding war for newspapers seems almost as antiquated as print editions (something Alden is pledging to maintain in Dallas).
Catch up quick: Hearst in July announced an agreement to buy DallasNews for $14 per share. Alden subsequently submitted an unsolicited, nonbinding $16.50-per-share bid, via its MediaNews Group subsidiary.
