Washington Post Explores Sale of HQ Building

Washington Post (NYSE: GHC  ) is contemplating the sale of its headquarters building in the nation's capital. The company has been ensconced in the complex since 1950, and it has witnessed many historic moments. Most notably, it was where reporters Bob Woodward and Carl Bernstein wrote a series of articles on the Watergate scandal in the early 1970s.

Publisher Katharine Weymouth, in an email to employees published on the newspaper's business blog, alluded to the company's need to modernize and streamline its operations. "Once we removed the presses from this building over 10 years ago, we were no longer tied to this particular location," she wrote.

"Our preliminary analysis suggests that a move will make good operational and economic sense; however, we have not yet decided on where or when," Weymouth added.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2231965, ~/Articles/ArticleHandler.aspx, 11/26/2014 10:33:02 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement