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The Dallas Morning News Acquires Pegasus News

Stocks in this article: AHC





DALLAS, July 16, 2012 /PRNewswire/ -- The Dallas Morning News announced today that it has acquired Pegasus News ( www.pegasusnews.com), an online news and information business serving Dallas-Fort Worth, from PanLocal Media LLC, a subsidiary of Archstream LLC of Dallas.  The purchase further strengthens The Dallas Morning News' position as the leading source of up-to-date local news and entertainment information. 

Rich Alfano, General Manager of The Dallas Morning News' Arts and Entertainment business, said, " Pegasus News allows us to reach more consumers and strengthens our ability to provide the latest and most relevant information about places to visit, events, music and restaurants.  Pegasus News' hyperlocal data provides consumers with information on approximately 225,000 places, 5,000 events, 4,200 restaurants, 2,500 bands and Friday Night specials."

Sarah Blaskovich, Editor of Pegasus News, said, "By combining Pegasus News' content and technology with The Dallas Morning News' distribution, marketing and sales capabilities, we are creating new and exciting opportunities for Pegasus' audiences and advertisers.  It's an exciting time for digital news and information companies like Pegasus News, and we're thrilled to be teaming up with the largest creator of proprietary local news and information in Dallas-Fort Worth."

About The Dallas Morning News

Established in 1885, The Dallas Morning News (dallasnews.com) is Texas' leading newspaper and the flagship newspaper subsidiary of A. H. Belo Corporation. It has received nine Pulitzer Prizes since 1986, as well as numerous other industry awards recognizing the quality of its investigative and feature journalism, design and photojournalism. Its portfolio of print and digital products reaches an average daily audience of more than 1.1 million people and includes online news and information sites; iPhone, Android and iPad apps; Al Dia ( www.aldiatx.com), the leading Spanish-language daily in North Texas; neighborsgo ( neighborsgo.com), a consumer-generated community news outlet; and Briefing, the free, home-delivered quick-read.

To advertisers, the portfolio of products is represented by DMNmedia ( www.DMNmedia.com), the marketing solutions group of The Dallas Morning News, Inc.

About A. H. Belo Corporation



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