Photo courtesy of St. Louis Post-Dispatch

Post-Dispatch parent company to sell newspaper’s longtime home

Michael Stacy May 27, 2015 0 Comments Lee Enterprises, Ray Farris, St. Louis Post Dispatch

Lee Enterprises, the parent company of the St. Louis Post-Dispatch, said it will sell the newspaper’s longtime downtown headquarters and relocate its operations. | Photo courtesy of St. Louis Post-Dispatch

Lee Enterprises, which owns the St. Louis Post-Dispatch, said Tuesday it will sell the newspaper’s headquarters and relocate its operations. With the move, the Post-Dispatch joins a growing list of metropolitan papers to sell their headquarters amid industrywide declines in revenue.

The newspaper has called its current downtown location home since 1959, and Post-Dispatch Publisher Ray Farris said the publication would like to find a new location downtown.

The property has an appraised value of $4.1 million. An asking price has not been disclosed for the building.

Tags:Lee Enterprises, Ray Farris, St. Louis Post Dispatch