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LATimes plant
Author: FUTURE BLACK OUT 2024
Date: 11-13-2023 - 13:35
The Times will leave its downtown Los Angeles printing facility in 2024, ending an era of newspaper production at a sprawling plant that was sold off by the paper's former owner.
Print operations will continue at the Olympic Boulevard plant for the next year and a half, said Chris Argentieri, The Times' president and chief operating officer, before The Times will begin working with the Southern California News Group to print its newspapers.
About 170 employees work at the Olympic plant, said Hillary Manning, a Times spokesperson.
"I have immense respect for the manufacturing team," Argentieri said. "Their dedication to the print products we produce, and to our readers, is humbling."
Times management did not provide further information on the future status of print production employees.
The Times’ lease at the Olympic plant expires at the end of 2023, according to real estate data provider CoStar.
"We have had a long-term lease in place, but multiple factors prevent us from continuing to print at [Olympic], including a dramatically changed real estate market, declining volume of printing and the landlord’s intention to redevelop the property," Argentieri said. "The pandemic accelerated these trends."
The plant, built by The Times in the late 1980s to replace obsolete printing operations at its former downtown headquarters, was kept by former Times owner Tribune Co. after the company's emergence from Chapter 11 bankruptcy in 2012.
The newspaper became a tenant at the plant in 2014 after The Times was spun off as part of Tribune Publishing.
The Times' downtown L.A. printing facility will shut down in 2024
Gregory Yee
November 3, 2022·4 min read
LOS ANGELES, CA - DECEMBER 11, 2019 The sprawling downtown plant called the Olympic Facility where the Los Angeles Times is printed located at 2000 E 8th Street near downtown Los Angeles has been sold to a New York real estate developer that builds large-scale mixed-use projects in Los Angeles and other cities. Atlas Capital Group paid about $240 million for the 26-acre site on Olympic Boulevard alongside the Santa Monica freeway where The Times is a tenant, according to people who know about the deal. (Al Seib / Los Angeles Times)
The Times will cease production at the Olympic Boulevard printing plant in 2024, the company said. Printing operations will move out of the leased facility for a joint venture with Southern California News Group. (Al Seib / Los Angeles Times)More
The Times will leave its downtown Los Angeles printing facility in 2024, ending an era of newspaper production at a sprawling plant that was sold off by the paper's former owner.
Print operations will continue at the Olympic Boulevard plant for the next year and a half, said Chris Argentieri, The Times' president and chief operating officer, before The Times will begin working with the Southern California News Group to print its newspapers.
"Despite the difficult news, we’re providing this advance notice to help make the transition as smooth as possible for everyone involved," Argentieri said. "We hope that manufacturing employees will continue on with us for as long as they can and will work closely with them on the transition process."
About 170 employees work at the Olympic plant, said Hillary Manning, a Times spokesperson.
"I have immense respect for the manufacturing team," Argentieri said. "Their dedication to the print products we produce, and to our readers, is humbling."
Times management did not provide further information on the future status of print production employees.
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The Times’ lease at the Olympic plant expires at the end of 2023, according to real estate data provider CoStar.
"We have had a long-term lease in place, but multiple factors prevent us from continuing to print at [Olympic], including a dramatically changed real estate market, declining volume of printing and the landlord’s intention to redevelop the property," Argentieri said. "The pandemic accelerated these trends."
The plant, built by The Times in the late 1980s to replace obsolete printing operations at its former downtown headquarters, was kept by former Times owner Tribune Co. after the company's emergence from Chapter 11 bankruptcy in 2012.
The newspaper became a tenant at the plant in 2014 after The Times was spun off as part of Tribune Publishing.
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The sprawling, 26-acre Olympic printing plant was sold twice in the last decade.
Los Angeles landlord and builder Harridge Development Group bought the plant in 2016 for $120 million and was expected to redevelop the property. In 2019, New York real estate developer Atlas Capital Group paid about $240 million for the site.
Last year, Atlas announced that it planned to redevelop the site into a Hollywood-style lot with 17 soundstages to meet strong regional demand for movie and television production facilities.
The project was approved in May, said Paul Audley, president of FilmLA, the nonprofit that handles film permits in the region. Construction on the lot is expected to begin in 2023 and be completed in 2026.
Print operations will continue at the Olympic Boulevard plant for the next year and a half, said Chris Argentieri, The Times' president and chief operating officer, before The Times will begin working with the Southern California News Group to print its newspapers.
About 170 employees work at the Olympic plant, said Hillary Manning, a Times spokesperson.
"I have immense respect for the manufacturing team," Argentieri said. "Their dedication to the print products we produce, and to our readers, is humbling."
Times management did not provide further information on the future status of print production employees.
The Times’ lease at the Olympic plant expires at the end of 2023, according to real estate data provider CoStar.
"We have had a long-term lease in place, but multiple factors prevent us from continuing to print at [Olympic], including a dramatically changed real estate market, declining volume of printing and the landlord’s intention to redevelop the property," Argentieri said. "The pandemic accelerated these trends."
The plant, built by The Times in the late 1980s to replace obsolete printing operations at its former downtown headquarters, was kept by former Times owner Tribune Co. after the company's emergence from Chapter 11 bankruptcy in 2012.
The newspaper became a tenant at the plant in 2014 after The Times was spun off as part of Tribune Publishing.
The Times' downtown L.A. printing facility will shut down in 2024
Gregory Yee
November 3, 2022·4 min read
LOS ANGELES, CA - DECEMBER 11, 2019 The sprawling downtown plant called the Olympic Facility where the Los Angeles Times is printed located at 2000 E 8th Street near downtown Los Angeles has been sold to a New York real estate developer that builds large-scale mixed-use projects in Los Angeles and other cities. Atlas Capital Group paid about $240 million for the 26-acre site on Olympic Boulevard alongside the Santa Monica freeway where The Times is a tenant, according to people who know about the deal. (Al Seib / Los Angeles Times)
The Times will cease production at the Olympic Boulevard printing plant in 2024, the company said. Printing operations will move out of the leased facility for a joint venture with Southern California News Group. (Al Seib / Los Angeles Times)More
The Times will leave its downtown Los Angeles printing facility in 2024, ending an era of newspaper production at a sprawling plant that was sold off by the paper's former owner.
Print operations will continue at the Olympic Boulevard plant for the next year and a half, said Chris Argentieri, The Times' president and chief operating officer, before The Times will begin working with the Southern California News Group to print its newspapers.
"Despite the difficult news, we’re providing this advance notice to help make the transition as smooth as possible for everyone involved," Argentieri said. "We hope that manufacturing employees will continue on with us for as long as they can and will work closely with them on the transition process."
About 170 employees work at the Olympic plant, said Hillary Manning, a Times spokesperson.
"I have immense respect for the manufacturing team," Argentieri said. "Their dedication to the print products we produce, and to our readers, is humbling."
Times management did not provide further information on the future status of print production employees.
ADVERTISEMENT
The Times’ lease at the Olympic plant expires at the end of 2023, according to real estate data provider CoStar.
"We have had a long-term lease in place, but multiple factors prevent us from continuing to print at [Olympic], including a dramatically changed real estate market, declining volume of printing and the landlord’s intention to redevelop the property," Argentieri said. "The pandemic accelerated these trends."
The plant, built by The Times in the late 1980s to replace obsolete printing operations at its former downtown headquarters, was kept by former Times owner Tribune Co. after the company's emergence from Chapter 11 bankruptcy in 2012.
The newspaper became a tenant at the plant in 2014 after The Times was spun off as part of Tribune Publishing.
ADVERTISEMENT
The sprawling, 26-acre Olympic printing plant was sold twice in the last decade.
Los Angeles landlord and builder Harridge Development Group bought the plant in 2016 for $120 million and was expected to redevelop the property. In 2019, New York real estate developer Atlas Capital Group paid about $240 million for the site.
Last year, Atlas announced that it planned to redevelop the site into a Hollywood-style lot with 17 soundstages to meet strong regional demand for movie and television production facilities.
The project was approved in May, said Paul Audley, president of FilmLA, the nonprofit that handles film permits in the region. Construction on the lot is expected to begin in 2023 and be completed in 2026.
