{"id":825704,"date":"2025-03-13T16:36:51","date_gmt":"2025-03-13T20:36:51","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/dallasnews-corporation-closes-sale-of-its-north-plant-printing-facility-in-plano-tx\/"},"modified":"2025-03-13T16:36:51","modified_gmt":"2025-03-13T20:36:51","slug":"dallasnews-corporation-closes-sale-of-its-north-plant-printing-facility-in-plano-tx","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/dallasnews-corporation-closes-sale-of-its-north-plant-printing-facility-in-plano-tx\/","title":{"rendered":"DallasNews Corporation Closes Sale of its North Plant Printing Facility in Plano, TX"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">DALLAS, March  13, 2025  (GLOBE NEWSWIRE) &#8212; DallasNews Corporation (Nasdaq: DALN) (the \u201cCompany\u201d or \u201cDallasNews Corp.\u201d) today announced that it has closed on the sale of its Plano, TX printing facility for total proceeds of $43,500,000. The Company originally announced the sale on December\u00a016, 2024, consistent with its commitment to streamline printing operations into a smaller, leased facility in Carrollton, Texas.<\/p>\n<p>DallasNews Corp. plans to use a portion of the proceeds from the sale to voluntarily fully fund the Company\u2019s pension liabilities \u2013 eliminating what the Company views as debt.<\/p>\n<p>Grant Moise, DallasNews Corp.\u2019s Chief Executive Officer, stated, \u201cWe are very pleased with the financial outcome from the sale of our Plano facility. This is an important milestone in our Return to Growth Plan and the additional value of voluntarily fully-funding our pension plan brings certainty regarding retirement benefits for more than 1,300 current and former employees.\u201d<\/p>\n<p>Moving forward, Dallas, Texas-based Denago EV &#8211; a leading pioneer in the Low Speed Vehicles (LSVs) and cutting-edge golf cart technologies &#8211; will utilize the former Dallas Morning News facility in Plano as its Southern U.S. production and manufacturing base.<\/p>\n<p>\n        <strong><br \/>\n          <u>About<\/u><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <u>DallasNews<\/u><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <u>Corporation<\/u><br \/>\n        <\/strong>\n      <\/p>\n<p>DallasNews Corporation is the Dallas-based holding company of <em>The\u00a0Dallas\u00a0Morning\u00a0News<\/em> and Medium Giant.<\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=lwtlWmfj8EJUdcWrH-6XLFrtsExwLGZy47IRWalH7sSkb8bKz6ph_jo7glvQ3j8QjaZH9mYm4IAsvzUQzcw1M4p-NtPAo6iWHnKzrOD7JQs=\" rel=\"nofollow\" target=\"_blank\"><br \/>\n          <em>The Dallas Morning News<\/em><br \/>\n        <\/a>, Texas\u2019 leading daily newspaper, is renowned for its excellent journalistic reputation, intense regional focus, and close community ties. As a testament to its commitment to quality journalism, the publication has been honored with nine Pulitzer Prizes.<\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=HGvjsbnfr8bZMpej-uH8zmGyeLE2LRCOYZwCq_d34uQQaO-5dyQGbL1popKEs1gSrRYqJ9bt2n1Titu1rGdV_A==\" rel=\"nofollow\" target=\"_blank\">Medium Giant<\/a>, an integrated creative marketing agency with offices in Dallas and Tulsa, works with a roster of premium brands and companies. In 2024, the agency earned top industry recognition, winning an AAF Addy and the AMA DFW Annual Marketer of the Year Award for Campaign of the Year, along with six prestigious Davey Awards. Medium Giant is a wholly owned business of DallasNews Corporation. For additional information, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=E1gczP9xD3AezpMIJO7Bmik9FzmjXluYdV3m7XxVheUiO6URbmploYFHre4wV4bt5plt44GO8qBpM1cW4fTkEA==\" rel=\"nofollow\" target=\"_blank\">mediumgiant.co<\/a>.<\/p>\n<p>\n        <em>Statements in this communication concerning the Company\u2019s planned use of the proceeds from the sale of its Plano, TX printing facility, the Company\u2019s planned transition of print operations and other financial and\u00a0non-financial\u00a0items that are not historical facts are \u201cforward-looking statements\u201d as the term is defined under applicable federal securities laws. Words such as \u201canticipate,\u201d \u201cassume,\u201d \u201cbelieve,\u201d \u201ccan,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cforecast,\u201d \u201cintend,\u201d \u201cexpect,\u201d \u201cmay,\u201d \u201cproject,\u201d \u201cplan,\u201d \u201cseek,\u201d \u201cshould,\u201d \u201ctarget,\u201d \u201cwill,\u201d \u201cwould\u201d and their opposites and similar expressions are intended to identify forward-looking statements. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those statements. Such risks, trends and uncertainties are, in most instances, beyond the Company\u2019s control, and include changes in advertising demand and other economic conditions; the timeline for transitioning print operations; consumers\u2019 tastes; newsprint and distribution prices; program costs; the Company\u2019s ability to successfully execute the Return to Growth Plan; the Company\u2019s ability to maintain compliance with the continued listing requirements of The Nasdaq Capital Market; the success of the Company\u2019s digital strategy; labor relations; cybersecurity incidents; and technological obsolescence. Among other risks, there can be no guarantee that the Company\u2019s board of directors will approve a quarterly dividend in the future or that the Company\u2019s financial projections are accurate,<\/em><br \/>\n        <em>as well as other risks described in the Company\u2019s Annual Report on Form\u00a010-K\u00a0and in the Company\u2019s other public disclosures and filings with the\u00a0Securities and Exchange Commission. Forward-looking statements, which are as of the date of this communication, are not updated to reflect events or circumstances after the date of the statement.<\/em>\n      <\/p>\n<p>Contact:<br \/>Katy Murray<br \/>214-977-8869<br \/>KMurray@dallasnews.com<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM5NDI4OCM2ODA1NzE1IzIwMDQwNDU=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YmZlMzYzYzgtMTYxZi00MjJiLWE0ODktZGQzNDRjY2U4Nzc3LTEwMTU2MTgtMjAyNS0wMy0xMy1lbg==\/tiny\/DallasNews-Corporation.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>DALLAS, March 13, 2025 (GLOBE NEWSWIRE) &#8212; DallasNews Corporation (Nasdaq: DALN) (the \u201cCompany\u201d or \u201cDallasNews Corp.\u201d) today announced that it has closed on the sale of its Plano, TX printing facility for total proceeds of $43,500,000. The Company originally announced the sale on December\u00a016, 2024, consistent with its commitment to streamline printing operations into a smaller, leased facility in Carrollton, Texas. DallasNews Corp. plans to use a portion of the proceeds from the sale to voluntarily fully fund the Company\u2019s pension liabilities \u2013 eliminating what the Company views as debt. Grant Moise, DallasNews Corp.\u2019s Chief Executive Officer, stated, \u201cWe are very pleased with the financial outcome from the sale of our Plano facility. This is an important milestone in our &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dallasnews-corporation-closes-sale-of-its-north-plant-printing-facility-in-plano-tx\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;DallasNews Corporation Closes Sale of its North Plant Printing Facility in Plano, TX&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-825704","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>DallasNews Corporation Closes Sale of its North Plant Printing Facility in Plano, TX - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dallasnews-corporation-closes-sale-of-its-north-plant-printing-facility-in-plano-tx\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DallasNews Corporation Closes Sale of its North Plant Printing Facility in Plano, TX - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"DALLAS, March 13, 2025 (GLOBE NEWSWIRE) &#8212; DallasNews Corporation (Nasdaq: DALN) (the \u201cCompany\u201d or \u201cDallasNews Corp.\u201d) today announced that it has closed on the sale of its Plano, TX printing facility for total proceeds of $43,500,000. The Company originally announced the sale on December\u00a016, 2024, consistent with its commitment to streamline printing operations into a smaller, leased facility in Carrollton, Texas. DallasNews Corp. plans to use a portion of the proceeds from the sale to voluntarily fully fund the Company\u2019s pension liabilities \u2013 eliminating what the Company views as debt. Grant Moise, DallasNews Corp.\u2019s Chief Executive Officer, stated, \u201cWe are very pleased with the financial outcome from the sale of our Plano facility. 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