Belo puts ProJo's Providence real estate up for sale

ProJo shuffles staff; impact to be determined

Family Life Center imperiled by Bernie Madoff

5 Comments

• Charles R. Drago said:

  Possible Buyers and Other Opportunists

  Watch the Boston Globe, which for years has sought to penetrate the RI market.  So too its owner.

  Also be alert for interest percolating from a partnership of well-known American multi-millionaires occupying hegemonic positions in what I can broadly describe as a "communications" industry.

  These unrelated parties may not be in the market for the real estate, but they certainly would fight for first-in-line status to fill the void left by a disappeared ProJo.

  As far as the fate of 21st century print journalism is concerned, the demise of the Fountain Street Fabulists represents a no-lose situation.

  December 17, 2008 3:28 PM

• Eileen said:

  What is left of the news department will be a tenant in the building or the news department will move to the printing plant?

  That great building will be razed for parking I think

  December 17, 2008 3:42 PM

• Andrew Henderson said:

  So Belo wants to sell the downtown building and surrounding lots worth tens of millions? What a surprise. The Projo is broke. They need money and they also own lots of property surrounding their printing facility over on Promenade, where they could easily relocate the paper's decimated journalistic team.

  December 18, 2008 1:10 AM

• Beware the Oracle... said:

  Who is this Charles Drago fellow?

  "Also be alert for interest percolating from a partnership of well-known American multi-millionaires occupying hegemonic positions in what I can broadly describe as a "communications" industry."

  Watch out, Dr. Evil!

  December 18, 2008 1:12 AM

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