ADULT MAGAZINE PUBLISHER PLANS TO MOVE.Byline: Patricia Farrell Farrell, city (1990 pop. 6,841), Mercer co., W central Pa., on the Shenango River at the Ohio line and adjoining Sharon, Pa.; inc. 1901. It is a railroad center, and its steel- and ironworks industries have declined. Aidem Daily News Staff Writer London London, city, Canada London, city (1991 pop. 303,165), SE Ont., Canada, on the Thames River. The site was chosen in 1792 by Governor Simcoe to be the capital of Upper Canada, but York was made capital instead. London was settled in 1826. Press, a publisher in the struggling adult magazine industry, has put its Valencia plant on the market for $5.7 million and plans to relocate re·lo·cate v. re·lo·cat·ed, re·lo·cat·ing, re·lo·cates v.tr. To move to or establish in a new place: relocated the business. v.intr. to a smaller facility. The 37-year-old publishing company, which also uses the name Parliament News, originally sought to lease about 12,000 square feet of its two-story, 83,000-square-foot building, but Monday put up for-sale signs, company President Paul Wisner said Wednesday. ``It's slow - it's because of video,'' Wisner said, referring to the surging adult video business. Wisner would not say if the 80-member staff would be retained or where the business is looking to move. ``We haven't found it yet,'' he said. ``We don't need all this space. We're looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. about half that.'' London Press, which publishes soft- and hard-core material, moved to the Valencia Industrial Center from North Hollywood in 1991, sparking protests from a few local residents. But the business has been low-key, operating quietly within a two-story tilt-up building with blue trim, surrounded sur·round tr.v. sur·round·ed, sur·round·ing, sur·rounds 1. To extend on all sides of simultaneously; encircle. 2. To enclose or confine on all sides so as to bar escape or outside communication. n. by lush lawns and trees. CB Commercial Real Estate is representing the company, said Craig Peters, senior vice president of the realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. firm. With a less than 2 percent vacancy VACANCY. A place which is empty. The term is principally applied to cases where an office is not filled. 2. By the constitution of the United States, the president has the power to fill up vacancies that may happen during the recess of the senate. rate in the industrial park, the building is already attracting interest, Peters said. London Press was one of the larger adult magazine publishers in its earlier years but has lost business, said Mark Logan, managing editor of Adult Video News in Van Nuys. ``The magazine industry for adults is slowly dying out, especially if you're doing harder stuff that's only sold in adult stores,'' Logan said. ``Store owners and customers get mad if you have too much advertising, so you end up with a magazine with a $20 cover price. Why would someone pay that when you can get a video for 15 bucks?'' CAPTION(S): Photo PHOTO (Color) Magazine publisher London Press is selling its facility in the Valencia Industrial Center. The firm is seeking $5.7 million for the property. Tom Mendoza/Daily News |
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