News: Brokerage

Hearst Corp. to begin 70,000 s/f printing facility expansion for Albany Times Union - $60m project

According to George Irish, president of Hearst Newspapers and Mark Aldam, publisher and CEO of the Times Union Hearst Corporation, a capital project will be launched to expand the Albany Times Union's existing headquarters by 70,000 s/f to accommodate a new printing and packaging facility. The $60 million project should be complete by the end of 2011. "For more than 150 years, the Times Union has serviced capital region readers with the finest and most trusted source for news and information," Irish said. "And, by the end of 2011, we will continue that mission with full color available on every page, greatly enhancing the vibrancy of the newspaper, in addition to achieving greater flexibility in product design and format. While much of the newspaper industry is contracting, this announcement reaffirms Hearst's and the Times Union's commitment to a printed newspaper."
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