Newspapers across the US are shedding large downtown buildings in favor of more modest facilities, often away from the center of cities. The downsizing is the consequence of reduced need for office space following staff cuts, changes in production technologies that reduce space requirements, and the outsourcing many printing and distribution activities. Examples include:The Miami Herald has sold its bayfront building and the 14 acres around it for $236 million and is planning to relocate elsewhere next in 2013. It will use the proceeds to pay down debt and pension liabilities. The Ft. Worth Star-Telegram has sold...
Changing social power is reflected in the sales of newspaper offices
Thursday, March 1, 2012 | comments
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facilities,
finance,
newspapers,
society,
technology