Postmedia is letting go of a number of properties to save cost, and has sold the popular 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.
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.
The publisher is also moving a dozen of its Alberta community newspapers to digital-only formats, eyeing more outsourcing deals for printing 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.
On Wednesday, several of the publications posted stories about the coming change, including: Drayton Valley Western Review, Airdrie Echo, Peace Country News, Fort McMurray Today, Leduc County Market, Cochrane Times, Bow Valley Crag and Canyon, Cold Lake Sun, Hanna Herald, Vermilion Standard, Pincher Creek Echo and Whitecourt Star.
