San Jose Mercury News Selling Headquarters
SAN JOSE (CBS / AP) -- The San Jose Mercury News is joining the growing number of U.S. newspapers that have sold their headquarters as a way to get more modern office space and to save or make money.
The newspaper announced Monday that the 36-acre campus it has occupied since 1965 is being put on the market.
The Mercury News' plans to open new editorial and advertising offices at a location that hasn't been selected yet. The newspaper's printing and production will be relocated to Concord and Hayward, where Bay Area News Group has printing plants.
The Mercury News is owned by the Bay Area News Group. John Paton, CEO of Digital First Media, which manages MediaNews Group, says the sale is part of the company's plan to reduce infrastructure costs.
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