The Palm Beach Daily News, better-known as the "Shiny Sheet," the glossy newspaper that has covered news and socialite gossip on the wealthy island of Palm Beach for more than a century, will soon get new digs.
Employees at the paper learned yesterday that their $2 million building on Royal Poinciana Way has been sold to the neighboring hotel, the Breakers. (A spokesperson for the Breakers could not immediately be reached for comment.)
Shiny Sheet parent company Palm Beach Newspapers Inc., which also owns the Palm Beach Post, will still run the paper, insiders say, and employees will be moved to other, unnamed offices.
The news comes weeks after Palm Beach Newspapers shut down its Spanish-language weekly, La Palma, citing tough economic times. The Post has slashed more than 300 jobs in the past two years.
UPDATE: The Breakers plans to use the Shiny Sheet building to house administrative offices, according to resort president Paul Leone.
The move did not come as a shock to employees at the Shiny Sheet, since the building has been up for sale for a while. Insiders say no layoffs have been announced. They assume some employees will work from the Post's West Palm Beach headquarters, while others will stay on the island, but no firm plans have been announced.