A common New Year resolution for many is to slim down. The Arizona Republic is taking that to the next level. It’s not simply depriving itself of extra calories. It’s becoming an emaciated homeless vagrant.
The 10-story building and parking garage the Republic once called home has sold for a reported $38 million. The plan is for the company to lease back space from ViaWest, the Phoenix-based real estate company that purchased the newspaper’s properties.
Subscriptions have continued to plummet and Gannett shares have followed suit….