The Day reported Wednesday that a Maine development company, High Tide Capital, has entered into a purchase and sales agreement to acquire the newspaper’s headquarters in downtown New London.
The company said it had signed an agreement to buy the 116-year-old building at 47 Eugene O’Neill Drive for $1.9 million, according to The Day.
The property, which contains The Day’s four-story headquarters along with a smaller office building, was initially listed in February 2022 for $2.6 million.
The Day has been printing its newspaper in Providence since closing its press in 2011. Without a printing press, along with newsroom downsizing, The Day’s president and publisher, Timothy Dwyer, said the newspaper has more space than it needs, according to the article.
The Day said it is finalizing plans for a new downtown home.
A principal of High TIde Capitol told The Day that plans for the building are still in the early discussion stages.
The Day is a daily broadsheet newspaper published by The Day Publishing Co., founded by John A. Tibbits in 1881. It covers a roughly 20-town region and has won numerous awards.
The Day isn’t the only Connecticut newspaper to have recently listed its headquarters for sale.
The 289,392-square-foot office and industrial property in Hartford remains on the market for sale or lease.
The Hartford Courant doesn’t currently have an office location.
