Thursday, January 10, 2019

Gannett sells Arizona Republic building, offers buyouts


USA Today parent Gannett has sold its 10-story office building in Phoenix for $37.65 million, according to public real estate records, the Arizona Republic reported.
The 250,000-square-foot building, built in 1995, houses The Arizona Republic and azcentral.com.
Phoenix real estate firm ViaWest Group has bought the property, through an entity named EVB 200 Office. 
The newspaper has a lease agreement to stay in the building at 200 E. Van Buren St.
KPNX-TV and marketing firm  G/O Digital, both owned by Tegna Inc., will also stay in the building following their lease agreement, the paper says.
Meanwhile Gannett has been shedding staff with voluntary early retirement packages, the New York Post reported.
Six staff members were to leave The Indianapolis Star Jan. 2, according to the Indianapolis Business Journal.
The Detroit Free Press planned to lay off six as well, according to Crain’s Detroit Business. Some staff at the Detroit News may also face layoffs, the business paper reported.
Six newsroom employees took a retirement buyout at the Milwaukee Journal Sentinel as well, Urban Milwaukee reported.
Four newsroom employees at the Democrat andChronicle (Rochester, New York), including Executive Editor Karen Magnuson, retired Jan. 2, the paper reported.
Two journalists took early retirement from the Times Herald (Port Huron, Michigan), the paper reported. 
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