Insurance company purchases Maine news building

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BANGOR, Maine (AP) - An insurance company has announced its purchase of the Bangor Publishing Company building in the Maine city of Bangor.

Cross Insurance, a subsidiary of Cross Financial Corp., announced Monday it has purchased the building on Main Street. The building has been the home of the Bangor Daily News for 60 years.

The insurance company says it will share the building with the newspaper until the publisher finds a new space. Seventy-five insurance employees are planned to move into the facility.

The Bangor Daily News, established in 1889, has been located on Main Street since 1954. The sales price has not been disclosed. The 63,000-square-foot building housed the newspaper’s presses until the early 1990s.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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