Adding to a growing number of real property sales across Gannett, the Daily World at Opelousas, La., has agreed to sell its building to private investors. "The closing is expected to take place before the end of March," the newspaper says today. "Daily World staff will continue to occupy the building for several months after the sale."Publisher Leslie Hurst told her paper: “For some time, we have looked for an opportunity to operate from a space that better meets the needs of our operation as it exists today. We are adjusting our space needs to what is more suitable for the current operation. Technology has enabled staffers to be out in the community more than in the office, and the manufacturing portion of the current building is largely unused."
Wow. My former (Gannett) director predicted this would be the way Gannett properties would be going about 4 years ago. Made sense then, probably even more so today.
ReplyDeleteI have no particular love for buildings, but when a company starts stripping assets, you know the writing is on the wall.
ReplyDeleteDid this one get donated to the foundation and then sold, or was it a different arrangement than the one a few years back in Marion Indiana?
ReplyDeleteThis is not a bad thing. If you have ever been to The Daily World building, then you know that it is in horrible shape and should have been condemed at least 5 years ago. To be honnest, I am suprised that anyone in their right mind would want the building.
ReplyDeleteThey could and should do the same thing at our site in Wisconsin, for the same reasons as Opelousas.
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