Fri Feb 1, 2013, 04:07 PM
alp227 (23,197 posts)
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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Washington Post Co. explores the sale of its downtown headquarters (Original post)
|Joe Bacon||Feb 2013||#3|
Response to alp227 (Original post)
Fri Feb 1, 2013, 07:24 PM
BumRushDaShow (13,620 posts)
1. Here in Philly, the Inquirer sold their building
to the School District and others and are now in leased space.
Rebel without a pause. Fighting the power without .
Response to Joe Bacon (Reply #3)
Sun Feb 3, 2013, 10:51 AM
underpants (106,452 posts)
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.
Truth Justice and the American way -that's all we ask. I refuse to subscribe to the culture of victimization that plagues white males in this country. The poor and the powerless are not the ones organized to screw me over.