The facility in Plano that’s printed The Dallas Morning News since the 1980s will become a manufacturing plant for a golf cart maker.
DallasNews Corp., the Dallas-based holding company for The Dallas Morning News and marketing agency Medium Giant, announced it closed on the sale of its Plano printing facility for $43.5 million, in a deal the company first announced in December.
DallasNews Corp. said it intends to use a portion of the sale proceeds to voluntarily fully fund the company’s pension liabilities, eliminating what it considers debt.
The company said it will move its newspaper printing operation to a smaller, leased facility in Carrollton.
Dallas-based Denago EV—a pioneer in Low Speed Vehicles and cutting-edge golf cart technologies—will use the former printing facility as its Southern U.S. production and manufacturing base.
“We’re very pleased with the financial outcome from the sale of our Plano facility,” DallasNews Corp. CEO Grant Moise said in a statement. “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.”
The Dallas Morning News has been honored over the years with nine Pulitzer Prizes. Medium Giant, an integrated creative marketing agency with offices in Dallas and Tulsa, earned top industry recognition in 2024, winning an AAF Addy and the AMA DFW Annual Marketer of the Year Award for Campaign of the Year, along with six Davey Awards.
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