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Fri Feb 1, 2013, 04:07 PM

Washington Post Co. explores the sale of its downtown headquarters

Source: Washington Post

The Washington Post Co. executives are considering relocating the company from its 63-year-old headquarters in downtown Washington, exploring the sale of the building that saw the Post evolve into one of the country’s top newspapers.

Washington Post Publisher Katharine Weymouth made the announcement in an e-mail to staff Friday morning, saying the goal was “to give us a more modern, bright, open and efficient building that better supports and advances our mission into the future.”

Other major metropolitan media companies have recently sold their dated headquarters, reflecting changing times. While newspapers’ financial prospects have faded and their staffs slimmed, the prospects for their downtown real estate have improved. That’s particularly true in cities such as the District that have experienced a financial comeback and demographic influx led by young professionals.

The New York Times Co. moved into a new 52-story headquarters in Times Square in 2007, but sold and leased back the space it occupies there two years later to pay down debt. Last week the Detroit Media Partnership announced that it planned to sell the headquarters of the Free Press and Detroit News. Gannett has leased parts of its headquarters in Tysons Corner to at least five other companies.

Read more: http://www.washingtonpost.com/business/capitalbusiness/washington-post-co-explores-the-sale-of-its-downtown-headquarters/2013/02/01/97bb90c8-6c71-11e2-ada0-5ca5fa7ebe79_singlePage.html

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Reply Washington Post Co. explores the sale of its downtown headquarters (Original post)
alp227 Feb 2013 OP
BumRushDaShow Feb 2013 #1
L0oniX Feb 2013 #2
Joe Bacon Feb 2013 #3
underpants Feb 2013 #4

Response to alp227 (Original post)

Fri Feb 1, 2013, 07:24 PM

1. Here in Philly, the Inquirer sold their building

to the School District and others and are now in leased space.

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Response to alp227 (Original post)

Sat Feb 2, 2013, 12:19 PM

2. Perfect place for a garbage recycling center. n/t

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Response to alp227 (Original post)

Sun Feb 3, 2013, 12:21 AM

3. They could always relocate to the Cherry Patch Ranch in Nevada

Nobody would be able to tell the difference between a Press Whore and the Real Thing

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Response to Joe Bacon (Reply #3)

Sun Feb 3, 2013, 10:51 AM

4. They could also relocate to the Va burbs because all they do is "report" from inside the building

They might as well be a call center.

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