The Summit Daily News of Frisco, Colorado, has put its building on the market, its publisher announced, CBS4Denver.com reported Monday. Extensive cost cuts, including a number of redundancies, across the industry has left many papers with large amounts of extra office space.

Publisher Jim Morgan said the sale of the building is not an indication that the newspaper will be closing or reducing its scope, stressing that it is only the building or sale, not the newspaper.

The sale was announced in Sunday issue of the Daily News, listing the building's excessive size as a factor in the sale. Morgan said the building was built for 50 staff, while the newspaper only has 23 people working in the building, as production has been moved to the town of Gypsum.