Tampa Bay Times sells shuttered St. Pete printing facility

The Tampa Bay Times sold its former printing plant to Twenty Lake Holdings for $21 million, which will be used to reduce debt and shore up the company’s pension plan.

“This is a good result and puts the Times on solid footing as we move toward a more digital future,” said Times Publishing president Conan Gallaty.

The printing plant is situated on 27 acres in central St. Petersburg. Twenty Lake Holdings plans to use it for warehouse space. Earlier this year, Time Publishing stopped using its own plant and began printing at a Lakeland plant owned by the Gannett Company.

– Drew Wilson, Extensive Enterprises Media