Thursday, May 16, 2019
REALITY CHECK: MARK ONE ELECTRIC CO. IS NEW KANSAS CITY STAR LANDLORD!!!
We offer a headline that's more useful than retired reporters playing secret agent in a pathetic attempt to relive their glory days, here's a Kansas City newsie tidbit that dead-tree media hacks lament. . .
The Star sold the 424,000-square-feet building to Ambassador Hospitality LLC for $30.1 million, and the Star's parent company will lease the building back for 15 years . . . In addition to printing operations, the building houses a newsroom and administrative operations.
Missouri incorporation records list Rosana Privitera Biondo as president of Ambassador Hospitality, with a registered office at 909 Troost Ave., which also is a Mark One Electric Co. Inc. equipment yard. Privitera Biondo, who was named a Women Who Mean Business honoree in 2001, is president of Mark One.
Again, hack newsies imagine this construction developer lady will soon show up at the print facility to start editing copy.
Instead, rather than any pressure over their lackluster content . . . It's more likely this buy is a hedge against the future when the newspaper can no longer afford the current space and they continue to downsize.
Developing . . .