Postmedia sells Calgary Herald building to U-Haul for $17.25 million

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Postmedia sells Calgary Herald building to U-Haul for $17.25 million
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Postmedia is moving a dozen of its Alberta community newspapers to digital\u002Donly formats and laying off workers. Read more.

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The landmark brick building is in a prominent location just across the river from downtown, and is visible from the busy commuter routes of Memorial Drive and Deerfoot Trail.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.

Those moves were announced in an internal memo to staff Wednesday obtained by The Canadian Press that describes the measures as part of a transformation plan geared toward managing costs. The memo says the plan will result in an unspecified number of roles being eliminated across Postmedia over the coming month as it works through vacancies and layoffs.

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