The Oregonian has announced it will finish moving out of its longtime headquarters next week.

In an online story posted Thursday afternoon, the newspaper — which is now two separate companies — said the building at 1320 S.W. Broadway it has occupied for six decades is being sold on a contract expected to close in September. N. Christian Anderson III, president of Oregonian Media Group, declined to identify the buyer.

According to the article, about 300 employees will move Monday into 40,000 square feet of space at Crown Plaza, an office building at 1500 S.W. First Ave. owned by a partnership of the Mark and Goodman families. They work for OMG, which reports news and sells advertisements for The Oregonian and

The article says employees of Advance Central Services Oregon, a sister company created last year to print The Oregonian and other newspapers, as well as to provide support services, already moved to the 1515 Market Square building at 1515 S.W. Fifth Ave.

The changes are part of a restructuring that has already seen the size of The Oregonian shrink from a broadsheet to a tabloid, and home deliveries drop from seven to four days a week.

Anderson says the changes are part of a plan to focus on digital products. But as reported in an recent story in Niewman Journalism Lab by news industry analyst Ken Doctor, "It is, of course, in print that the loss shows. On Sunday, the paper is now under 200,000 for paid copies. It hits a high of 170,000 on full-day weekday editions. For an historical view, consider what those numbers were in 1997: daily circulation of 360,000, 450,000 on Sunday."

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