Veteran Chicago media observer Robert Feder was less than gracious when revealing Nov. 29 in a blog posting that Tribune Media will be relocating its offices to the Illinois Center next year.
Described as “bland and boxy” by Feder, Tribune Media will take up two full floors of the 28-story office tower at 303 E. Wacker Drive.
The move is expected to be completed in Q3 2017, a Tribune Media spokesman confirmed to Feder.
The relocation of Tribune Media’s offices comes following the announced sale of its legendary Magnificent Mile Tribune Tower, on Michigan Avenue.
According to Crain’s Chicago Business, the building Tribune Media is moving into likely gave them a great deal on rent: some 56% of its office space is unoccupied, as Groupon and KPMG left the tower some four years ago.
Tribune Media owns and operates WGN America, WGN-9 in Chicago, Tribune Studios and Talk WGN-AM 720.
WGN Radio has a lease for offices and studios on the first and seventh floors of Tribune Tower through June 2018. It is unclear as to whether or not the radio station will vacate the historic tower or not.