Free article at WSJ.com today on how some newspapers have decided to make money off real estate. Not by classifieds, mind you – but by selling their buildings. The Philadelphia Inquirer and the Boston Herald are profiled here, and the trend seems clear – the papers are looking for infusions of cash, and there is value to be had in selling their longtime downtown locations.
Adds Rex in comments: “The article makes a passing mention to the Star-Tribune in Minneapolis, which sold its parking lots to create a new dome. There are rumors floating around that the rest of the Star-Tribune’s assets will be sold as scrap material at a value greater than what was recently paid by Avista Capital Partners for the paper.”
