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Wednesday, December 21, 2016

FAKE NEWS FALLOUT: NEW YORK TIMES VACATES 8 FLOORS IN MANHATTAN HEADQUARTERS AS REVENUES PLUMMET

 http://www.politico.com/media/story/2016/12/new-york-times-to-downsize-in-manhattan-headquarters-004896

In a message to company employees, CEO Mark Thompson said that the company had “made the decision to consolidate our footprint across the building to create a more dynamic, modern and open workplace, one that is better suited to the moment.”
“We’re planning significant investments in a redesign of our existing space in order to facilitate more cross-departmental collaboration. We expect a substantial financial benefit as well. All told, we will vacate at least eight floors, allowing us to generate significant rental income,” he continued.

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