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Saturday, June 13, 2015

St Louis Post Dispatch Circulation Down, Moving HQ

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INDUSTRY NEWSMEDIA & MARKETING

Post-Dispatch selling headquarters, moving operations

 Updated 
Jacob Kirn
St. Louis Business Journal
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The St. Louis Post-Dispatch building, 900 N. Tucker Blvd.Enlarge
SLBJ
The St. Louis Post-Dispatch building, 900 N. Tucker Blvd.
Lee Enterprises, owner of the St. Louis Post-Dispatch since 2005, said Tuesday it is selling the newspaper’s headquarters and moving its operations.
It has been at 900 N. Tucker Blvd. since 1959, according to a statement Tuesday from Lee.
The property has an appraised value of $4.1 million, according to St. Louis property records.

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Hilliker Corp. is marketing the property. An asking price was not disclosed for the building, built in 1930 by the St. Louis Globe-Democrat to house newspaper presses, distribution equipment and offices. The Post-Dispatch bought the building in 1959.
“This property is a great addition to the historic building stock in the St. Louis market,” Meade Summers, president of Hilliker Corp., said in a statement. “It could remain office space or be repositioned for residential use.”
Post-Dispatch Publisher Ray Farris said in a statement that the move was necessitated by the changing media landscape.
“We are a 21st-century media company operating in a mid 20th-century building,” Farris said in a statement.
Farris said the newspaper would like to stay in downtown St. Louis.
“As we explore possible locations, nothing will change for our readers,” he said. “We will always be the leading news-gathering organization regardless of our physical address.”
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