Media giant Hertz buys DallasNews (DALN.US), causing the stock price to soar by over 200%.

According to the Smart Finance and Economics APP, the stock price of DallasNews (DALN.US) soared more than 200% on Thursday to $13.56 per share. The reason for this is that the New York-based media giant Hearst is acquiring the company, marking the official end of local ownership of the Dallas Morning News after nearly 140 years.