Core Points - DallasNews Corporation has successfully closed the sale of its Plano, TX printing facility for total proceeds of $43,500,000, which aligns with its strategy to streamline operations into a smaller, leased facility in Carrollton, Texas [1][2] - A portion of the proceeds will be used to fully fund the Company's pension liabilities, which the Company considers as eliminating debt [2] - The CEO of DallasNews Corp. expressed satisfaction with the financial outcome of the sale, highlighting its significance in the Return to Growth Plan and the assurance it provides regarding retirement benefits for over 1,300 employees [3] Company Overview - DallasNews Corporation is the holding company for The Dallas Morning News and Medium Giant, with The Dallas Morning News being Texas' leading daily newspaper known for its strong journalistic reputation and community ties [4] - Medium Giant is an integrated creative marketing agency under DallasNews Corporation, recognized for its industry achievements, including winning multiple awards in 2024 [5]
DallasNews Corporation Closes Sale of its North Plant Printing Facility in Plano, TX