CUTLINE KANSASCITYSTAR: Kansas City Star building, Kansas City, Missouri. (Americasroof)
CUTLINE PLANTS2: The San Antonio Express-News is moving to the newly refurbished San Antonio Light building.
As media companies make adjustments during the coronavirus pandemic, a slew of relocations, building closures and sales is in the news.
This is nothing new, but the sales have been accelerating of late as staff work at home and the industry faces ongoing pressure. Despite the fact that the trend is not new, the sales are painful for industry participants and watchers, as jobs are lost and the landscape shifts. For some good news, see the Hearst entries at the end of this article.
McClatchy, which recently came out of bankruptcy, and Gannett, which merged with GateHouse in late 2019, are among companies selling property. Gannett has also recently sold its BridgeTower Media and W-Systems units.
• The Kansas City Star is departing from its well-known glass building downtown and will relocate, the paper announced Nov. 10. The Star had sold the building to Ambassador Hospitality last year and had been leasing the space. Printing of the paper will be outsourced, the paper said, staring in 2021. The change in printing will result in 68 full-time and 56 part-time Star production staff losing jobs. McClatchy owns the paper.
• The Idaho Statesman is selling its building on Curtis Road to Cedar Creek Wealth, the paper reported Nov. 2. The building function as storage units, the paper says. McClatchy owns the paper.
• News Corp plans to shift the printing of several of its publications in New York to a different facility in the city.
Under the change, the publications would be printed at The New York Times’ College Point plant in Queens. This plan would result in the closure of the company’s Bronx Print Plant.
The move may mean up to 400 layoffs, according to the New York Post. The change may not happen until early next year, says the Post.
The Bronx plant produces daily print copies of the Wall Street Journal and The Post, along with Barron’s weekly.
News Corp will be examining options for the future of the plant.
• McClatchy has also sold a 56,000-square-foot warehouse in Charlotte, North Carolina, Charlotte Business Journal reported. The facility, at 1001 Pressley Road, went for $5.2 million to Piedmont Land Development under the name CrossPoint Property Group-LoSo, according to county real estate records, the business journal said.
• The Desert Sun (Palm Springs, California) building on North Gene Autry Trail is for sale for $7.5 million, the paper reported Oct. 30. The paper produced its final locally printed edition Sept. 21, as it moved its printing to Phoenix. Gannett owns the paper.
• The St. Augustine Record (Florida) building has been sold to an undisclosed private investor for $7.5 million., the paper reported Nov. 10. The 34,4000-square-foot office/warehouse facility at 1 News Place contains the paper well and other tenants, including USPS distribution center, the paper said. Gannett owns the paper.
• The Star Courier (Kewaunee, Illinois) building has been sold to a Johnson Towing and Recovery, based in Manlius, the paper reported Oct. 29.
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