In an insane clusterf**k, the Arbiter Of Truth is asking the City of Providence to pony up $1.2 million/year to rent office space out of its downtown headquarters.
•Providence Journal Company: 75 Fountain St., a five-story 194,915 square foot building completed in 1934 that is the current headquarters of the newspaper. Asking $9.75 million for purchase or lease of $1.17 million a year with rents increasing by 10 percent every five years.
Or to put it another way, the paper of record in Providence is now bidding on city contracts. Expect Belo to spin off a car-towing service to stave off the next round of lay-offs.