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 Post subject: Onward and downward
PostPosted: Tue Apr 30, 2013 11:42 am 
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Joined: Mon Nov 14, 2005 3:47 pm
Posts: 4655
Location: New York City
When the assets offer more value than the product, you're in trouble. Bonus: Since Belo's boss sees this as a "revenue stream," not a one-shot, does that mean he'll be pulling a Brooklyn Bridge and selling the building again to some other rubes?

RIVERSIDE: Press-Enterprise building to be sold to county for $30M
Quote:
“The significant proceeds from the Riverside office building sale will provide additional opportunities in 2013 for increasing shareholder returns and diversifying our revenue streams,” he said. “The Board of Directors’ current priority is determining the best deployment of these anticipated real estate proceeds.”
[The Press-Enterprise]


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 Post subject: Re: Onward and downward
PostPosted: Tue Apr 30, 2013 12:01 pm 
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Joined: Mon Nov 14, 2005 3:47 pm
Posts: 4655
Location: New York City
Update: Meanwhile, the Washington Post sniffs around the low-rent neighborhoods, and the chief schnorrer would be happy for a handout.

Post Publisher Looking for “Cheap” New HQ in D.C. or Virginia
Quote:
So how can the District or a Northern Virginia jurisdiction lure the Post? Maybe with cold, hard cash. Asked if the paper would be wooed with economic incentives, Weymouth replied, "We hope so!"
[Washington City Paper]


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