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Latest journalism trend—newspapers selling their buildings

Tuesday, April 30, 2013

The trend continues: California newspapers selling their buildings that are now way too big for shrunken staffs. The latest: The Riverside Press-Enterprise, which is selling its headquarters to Riverside County for about $30 million, now that it’s basically half-empty. This comes on the heels of the Mercury News putting up for sale its hulking suburban HQ in San Jose, which has become a veritable editorial ghost town, with fewer than 100 editorial employees working where 400 plus once toiled.

Even the LA Times, which still occupies its historic downtown offices, has leased out some floors to a call center.

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