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The Washington Post explores sale of headquarters

Friday - 2/1/2013, 10:46am  ET

WASHINGTON - The Washington Post is considering selling its 63-year-old downtown headquarters.

The Post ( http://tinyurl.com/bcqlade) reports that Publisher Katharine Weymouth made the announcement in an email to staff Friday morning. She says the company's goal is to find "a more modern, bright, open and efficient building."

Weymouth says The Post isn't tied to the location at 15th and L streets, Northwest, because its printing presses have not been located there for more than a decade.

The District of Columbia government assesses The Post's properties at nearly $80 million. Weymouth's memo says the company has not yet decided on where or when it might move.

Other major metropolitan newspapers have moved out of or leased their buildings, driven by the struggles of the newspaper industry and the value of urban real estate.

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Information from: The Washington Post, http://www.washingtonpost.com


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