DALLAS — A week before shareholders vote on the proposed sale of the Dallas Morning News to Hearst, the would-be buyer is increasing its purchase offer, prompting a response from its competing bidder.

The increased price, which is $1.50 higher than Hearst's previous offer, was announced as the DallasNews Corporation board is working to fend off a competing buyout offer from MNG Enterprises Inc., a subsidiary of Alden Global Capital.

The board is set to vote on the proposed Hearst merger Sept. 22. The DallasNews Corporation, the holding company of The Dallas Morning News and Medium Giant announced the increase in purchase price Monday, Sept. 19.

To date, MNG has increased its bid three times, increasing its nonbinding offer from $16.50 per share to $18.50 per share in cash, WFAA previ

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