Saturday, August 18, 2012

Postmedia Exits The Propertied Class, Rents Space In Soulless Skyscraper

The National Post's new digs will be 365 Bloor Street East.   The canada.com puff-piece says:

The company has signed a 15-year lease to occupy “several” floors of the 19-storey office building at the Bloor Street East and Sherbourne intersection. The area is dotted with many of Canada’s top media and advertising companies and is the country’s most high-end retail strip.

You know, though, when I look at the area on Street-view I see two pharmacies, a Swiss Chalet, and a McDs.  But whatever.  Apparently there's a paint-ball facility in the building somewhere, and on the upper floors a radical mosque that calls everyone to prayer nine times a day through loudspeakers drilled into the side of the facade itself.  Presumably, Postmedia will want those removed when they "re-brand" the site. Good luck with that.   I am also told that the building will be renamed the Lookout Below Tower, in honor of Postmedia's stock price.



1 comment:

meddy said...

Hey, the stock price went up 62% 10 days ago, based on 500 shares volume that day, & has been holding steady all week at $1.14.
Seriously, is there any hope of the chain unlinking so that we can have some quality local papers?
Think of Vancouver, both papers owned by Postmedia -- no wonder people read
http://thetyee.ca/
http://www.straight.com
http://www.publiceyeonline.com/
http://www.vancouverobserver.com./
The National Post seems to be getting better, or at least is countenancing the possiblity of climate change.
The best thing about the Post is that it makes the G &M look good -- or better, -- or less worse.