CityPlaceN1
Senior Member
Quebecor puts Toronto Sun building on the block
http://www.theglobeandmail.com/servlet/story/LAC.20080528.RTICKER28-1/TPStory/?query=quebecor
GRANT ROBERTSON
May 28, 2008
Quebecor Inc. has put the headquarters of the Toronto Sun up for sale, but the company said it's not certain the company's flagship newspaper in English Canada will be relocating. Executives with Sun Media say the company no longer wants to own the downtown building, and has put the 300,000-square-foot space on the block after months of rumours it was up for sale. The Sun may seek to lease the space from the new owners. No asking price has been disclosed. The site has been at the centre of rumours that it could be sold to a condominium developer, but Quebecor said no decisions have been made. The building is larger than the newspaper needs for its operations, Sun Media said. The Toronto Sun has cut staff in recent years and restructured operations. QBR.B (TSX) fell 45 cents to $31.85.
http://www.theglobeandmail.com/servlet/story/LAC.20080528.RTICKER28-1/TPStory/?query=quebecor
GRANT ROBERTSON
May 28, 2008
Quebecor Inc. has put the headquarters of the Toronto Sun up for sale, but the company said it's not certain the company's flagship newspaper in English Canada will be relocating. Executives with Sun Media say the company no longer wants to own the downtown building, and has put the 300,000-square-foot space on the block after months of rumours it was up for sale. The Sun may seek to lease the space from the new owners. No asking price has been disclosed. The site has been at the centre of rumours that it could be sold to a condominium developer, but Quebecor said no decisions have been made. The building is larger than the newspaper needs for its operations, Sun Media said. The Toronto Sun has cut staff in recent years and restructured operations. QBR.B (TSX) fell 45 cents to $31.85.