The Boston Globe Completes $20.3M Purchase of New, 328,000-Square-Foot Printing Plant
BOSTON—May 20, 2015—The Boston Globe reported yesterday that it has completed the purchase of a new printing facility in Taunton, Massachusetts, for $20.3 million. The new 328,000-square-foot facility, in the Miles Standish Industrial Park, will be used to print other leading U.S.-based newspapers, such as the The New York Times, the Boston Herald, and other newspapers that hire The Boston Globe to do their production work.
According to the Globe, the company plans to move its newspaper printing operations from Morrissey Boulevard in Dorchester, Massachusetts, to the new Taunton plant. Mike Sheehan, chief executive of Boston Globe Media Partners, said that Globe executives are currently pursuing parties that may be interested in buying the Dorchester site. He added that the company is also looking for another location for its newsroom and sales and related staff.
The paper reported that 46,000 square feet of the new site will be used for related office space. Presses will be in full operation by 2017, and will allow for higher-quality products while using more color, relayed Sheehan.
"It’s a critical pillar in our future, the ability to produce newspapers faster, more efficiently, and at lower cost," he concluded.