Missoulian constructing sale anticipated to shut in spring; printing to be relocated | Native Information

“Unfortunately, moving pressures to another city and leaving downtown offices are trends that have been brewing for nearly a decade and accelerating in recent years,” Edmonds said. “The pandemic has made newspaper finances worse.”

Edmonds said over the past few decades that newspapers tend to be the mainstay of downtown development. As Strauss pointed out, the Missoulian’s prime location on valuable property is the main reason the company decided to sell it.

“Newspapers, in better times, were anchors to downtowns big and small, or nearby neighborhoods,” Edmonds said. “Now a newspaper and its digital operations don’t take up nearly as much space. Also, the building, or at least the land it sits on, can be of great value to a developer. Newspapers need that money, whether or not they’re online make a conclusion or spend it on news gathering and cutting edge technology. “

During the coronavirus pandemic, many members of the Missoulian news department worked from home. At places like the Miami Herald, Edmonds said work-from-home is the new normal as corporate ownership avoids paying a lease on a large building.

Strauss said the new buyer was “very serious” about closing the deal. He admitted that not having the Missoulian printed in town after 150 years is a very big change.