Purcell Sells 'Boston Herald' Property

Following word last week that Boston Herald owner Patrick J. Purcell was considering outsourcing printing of his newspaper and selling its Herald Square property, the paper today reports that Purcell is working with a developer for future use of the site.

The Herald publisher sold the building and 6.6-acre site to a venture he owns in partnership with National Development, based near Boston. No sale price was given.

The Herald may remain at its current site for several years. Purcell has been talking to Dow Jones & Co. about the possibility of the Wall Street Journal publisher taking over printing the Herald at its Chicopee, Mass., plant (E&P Online, July 30). In a statement, Purcell said the Herald in future must be produced "more efficiently than is possible in our current location."