May 27, 2011

McClatchy sells Miami Herald property to casino developer

A Malaysian casino company has bought the beachfront property that houses the Miami Herald for $236 million. McClatchy, which owns the Herald, said the newspaper will be moved to a new home sometime in the next two years. The developer plans to build a resort with retail and housing components.

3 comments:

Anonymous said...

A shame they can't sell any advertising.

Anonymous said...

When is that SGVN building gonna be sold? I bet it's worth a pretty penny. Lean Dean would make his bonus like that, although those worker bees left would get zilch, as always. They can always move into the local dog pound, I hear they got some extra pens left.

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