Postmedia sells Calgary Herald building for $17.25M
Newspaper publisher Postmedia says it has sold the Calgary Herald building for $17.25 million to U-Haul Co.
The landmark brick building is in a prominent location just across the river from downtown, and is visible from the busy commuter routes of Memorial Drive and Deerfoot Trail.
Postmedia's announcement comes the same day as the company said it is moving a dozen of its Alberta community newspapers to digital-only formats and laying off workers.
Those moves were announced in an internal memo to staff Wednesday obtained by The Canadian Press that describes the measures as part of a transformation plan geared toward managing costs.
The memo says the plan will result in an unspecified number of roles being eliminated across Postmedia over the coming month as it works through vacancies and layoffs.
It adds that the Postmedia publications moving to digital formats will make the transition on Feb. 27, but did not name which newspapers will make the switch.
Postmedia also used the memo to announce that it has entered into a limited partnership agreement with Glacier Media and will be moving all of its Saskatchewan printing to Estevan Printing.
The company says it will be putting its Saskatoon building up for sale and looking to sublease a Regina property, leaving Saskatchewan-based employees to permanently adopt remote work.
This report by The Canadian Press was first published Jan. 18, 2023.
CTVNews.ca Top Stories
Immigration minister says upcoming changes to permanent resident levels 'not cosmetic,' but 'significant'
Immigration Minister Marc Miller says the federal government is 'looking at a number of options' to re-evaluate permanent resident levels in Canada and says any upcoming changes will not be 'cosmetic' but 'significant.'
Woman found dead in suspected femicide in Ottawa's west end
A 47-year-old woman is dead after a suspected femicide inside a home in Ottawa's west end on Sunday evening.
'Buyers are firmly in the driver's seat': It's a good time to buy a cottage in Canada, experts say
As the weather cools down across Canada, so too is the cottage market, with real estate experts saying now is the time to purchase that cottage you've had your eyes on.
Conservatives pledge to force Tom Clark testimony on $9M NYC condo purchase
Conservative ethics critic Michael Barrett says his party will move a motion to force testimony from Canada's representative in New York if he does not appear at a Tuesday committee study into the purchase of a $9-million condo in Manhattan.
Missing mom and daughter last seen in Nanton, Alta.: RCMP
Southern Alberta RCMP are searching for a missing mother and daughter.
London Drugs employee sentenced for stealing $2M in laptops, electronics from company
A 34-year-old London Drugs employee has been sentenced to two years in prison for stealing approximately $2 million in merchandise from the company over the course of five years.
Mariah Carey's mother and sister died on the same day. The singer says her 'heart is broken'
Mariah Carey's mother Patricia and sister Alison both died on the same day, the singer said Monday.
Liberal cabinet has 'tremendous confidence' in Prime Minister Trudeau despite polling
Members of the Liberal government cabinet say they have 'tremendous confidence' in Prime Minister Trudeau despite polling numbers and questions surrounding his leadership.
Park'N Fly data breach included personal information of 1M Canadian customers, company says
A popular airport parking service is warning approximately one million Canadian customers that their personal information may have been compromised in a widespread data breach last month.