It’s a tough time for the newspaper business. McClatchy, the parent company of the Charlotte Observer and many other U.S. newspapers, recently filed for Chapter 11 bankruptcy protection. This week, the Observer announced that they will be vacating their uptown offices in August.
Following an 89-year run at South Tryon and Stonewall Streets, the Observer moved to the NASCAR Plaza Building at 55 S. Caldwell Street in 2016. The staff has been working remotely since March and will continue to do so at least through the end of this year. The plan is to find new office space in 2021. According to Business North Carolina, other newspapers under the McClatchy umbrella made similar announcements regarding their offices this week.