Naples-based private equity firm Hoffmann Family of Companies acquired a significant stake in DallasNews Corp., parent company of The Dallas Morning News, company officials said. Hoffmann is now one of the top shareholders in DallasNews Corp. Founded in 1885 by Alfred H. Belo, The Dallas Morning News is the 14th-largest newspaper in the U.S. It reaches an active monthly audience of more than 12 million people across its print and digital platforms. This investment follows Hoffmann’s recent acquisition of shares in Lee Enterprises, the nation’s fourth-largest newspaper chain. Hoffmann Family of Companies now holds the position of the second-largest shareholder in Lee Enterprises and plans to continue increasing its stake, company officials said. It acquired an additional 1% in Lee Enterprises, now owning 538,763 shares.
After more than 30 years in Punta Gorda, Dean’s South of the Border will close July 6 as its owners...
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