The Newseum, prominently located on Pennsylvania Avenue in D.C., will close within a year and make way for a Johns Hopkins University center for graduate studies, under a deal that, states The Washington Post, “is destined to transform a marquee address in the nation’s capital.

“Johns Hopkins University is buying the landmark building that houses the Newseum for $372.5 million, a purchase that will enable the struggling cultural institution devoted to news and the First Amendment to seek a new home in the Washington area.”

The Post story stated that the Newseum has operated since 2008 at the Penn Quarter location, near the Mall and a few blocks northwest of the Capitol, drawing hundreds of thousands of visitors a year but enduring financial challenges as it charged an admission fee while neighboring Smithsonian museums were free. The Freedom Forum announced in August 2017 that it was studying options for the building, including a sale, to escape what had become an untenable run of perennial budget deficits at the Newseum.

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