Tribune Publishing plans to move printing operations to the new site within months.
The Daily Herald's press on Dec. 26, 2002, in Schaumburg. Paddock Publications opened the $50 million printing plant on 21 acres by the Elgin-O’Hare Expressway in 2003 to churn out its flagship Daily Herald newspaper.
Built in 1981, the Freedom Center prints the Chicago Tribune, Wall Street Journal, New York Times, Chicago Sun-Times and other newspapers. It has also housed the Chicago Tribune newsroom since 2021.“We are committed to a print edition of the Chicago Tribune and continuing to serve our commercial printing customers by making very substantial investments in several locations throughout the greater Chicago metro area,” Tribune Publishing said in a statement.
While Tribune Publishing did not disclose the purchase price, the acquisition is largely funded by a $150 million payment from Bally’s as part of a lease termination agreement at the Freedom Center site. The money is payable in full “upon Tribune vacating the site on or before July 5, 2024,” according to Bally’s first quarter earnings report filed last week.site from Nexstar Media for $200 million.
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