PENSACOLA, Fla. (AP) — A developer has bought the building where the Pensacola News Journal has been produced since 1969.
The newspaper reports (http://on.pnj.com/1cYqLNW ) that Quint Studer's Daily Convo LLC bought the 5.85-acre downtown Pensacola site from the Gannett Company Inc. for $3.4 million.
Studer says he plans to develop the site with residential housing.
Gannett has signed a six-month lease of the property while a new home for the newspaper is found.
Studer also owns several other Pensacola properties and a minor league baseball team.
Information from: Pensacola (Fla.) News Journal, http://www.pensacolanewsjournal.com