Friday, 19 October 2012

'Advertiser' plans to sell building

The Gannett Company, which publishes the Montgomery Advertiser, has reached an agreement with Graham and Company LLC, a commercial real estate broker based in Birmingham, to assist them in selling the building that houses the Advertiser?s news and business operations at 425 Molton St., in downtown Montgomery.

The Advertiser?s production facility, located next door at 475 Molton St., is not included in the agreement. Print products will continue to be produced at this facility.

?Our business has changed over the past few years and we find ourselves in a building that doesn?t suit our needs as well as it once did,? said Advertiser publisher Sam Martin.

?The sale of the building in no way minimizes our commitment to this community,? Martin said. ?We are committed to continuing our role as the No. 1 provider of news and information in the marketplace. Our readers will continue to receive the local news and information they expect, and our advertisers will continue to reap results from their investment. This is simply a real estate transaction.?

The Advertiser will look for office space more suited to current business needs, Martin said.

In addition to the daily newspaper, the Advertiser Company also publishes, the weekly Prattville, Millbrook and Wetumpka Progress and the Bulletin Board.

? Staff report

View the original article here

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