A top-to-bottom restructuring has broken down the walls that used to separate Turner, HBO and Warner Bros. and seen an exodus of veteran executive talent. WarnerMedia has an agreement to lease the space at 30 Hudson Yards through early 2034. Send us a tip using our annonymous form.Copyright © 2020 Penske Business Media, LLC. Some of CNN’s television operations, including the network’s prime-time schedule, are produced from the company’s new offices in New York’s Hudson Yards development. WarnerMedia, an operating company of AT&T Inc.*, announced today that it has completed the sale-leaseback of its premises at 30 Hudson Yards to a consortium for approximately $2.2 billion. AT&T said it will use proceeds from this transaction, along with other planned sales of the company’s non-core assets, to reduce its debt.Hudson Yards, a massive new development along the Hudson River on Manhattan’s far west side, is the city’s most sweeping new set of buildings and corporate homes since Rockefeller Center was built in the 1930s.Entering this year, the company was one of the most indebted non-financial institutions in the country, with about $170 billion in long-term debt, much of it stemming from the acquisition of Time Warner.

WarnerMedia has space in the 90-story 30 Hudson Yards tower. We've received your submission. The company announced its initial agreement to sell these assets in April 2019.. WarnerMedia’s lease at 30 Hudson Yards runs through early 2034.

AT&T has cut a deal to sell and lease back its WarnerMedia office space in New York's glitzy Hudson Yards development for $2.2 billion to help … Related Companies, the developer of Hudson Yards, today announced that one of its affiliates has entered into a contract to purchase WarnerMedia’s approximately 1.5-million-square-foot office condominium at 30 Hudson Yards for approximately $2.2 billion. At 1,296 feet, the Kohn Pedersen Fox-designed tower will be the tallest tower at Hudson Yards and will offer an open-air observation deck. WarnerMedia’s lease at 30 Hudson Yards runs through early 2034. AT&T said it will use proceeds from this transaction, along with other planned sales of … Thanks for contacting us. Inside the Modern Design of WarnerMedia's New NYC Headquarters With Jeff Zucker by Beth Landman. Sorry, your blog cannot share posts by email. [contact-form to=’author@nypost.com’ subject=’NYPost.com Feedback’][contact-field label=’Name’ type=’name’ required=’1’/][contact-field label=’Email’ type=’email’ required=’1’/][contact-field label=’Comment’ type=’textarea’ required=’1’/][/contact-form]WarnerMedia said Monday it will sell the iconic CNN Center in downtown Atlanta, but that doesn’t mean the network will abandon the city.The network will consolidate its Atlanta workforce in a series of offices across town — the same office campus where CNN was first located upon its founding by Ted Turner in the early 1980s.“Downtown Atlanta has seen great investment and is quickly becoming an entertainment destination,” Pascal Desroches, chief financial officer at WarnerMedia, said in a memo to staff. The media giant that …

The company said it plans to lease the CNN Center offices for five years as its move to the so-called Techwood campus is completed.The sale had been under consideration for some time but was put on hold pending the company’s merger with AT&T, the company said.Some of CNN’s television operations, including the network’s prime-time schedule, are produced from the company’s new offices in New York’s Hudson Yards development. ESPN analyst under fire for strange Naomi Osaka mask interviewBrat pack: Inside the privileged lives of protesters busted for rioting in NYCSalon owner is closing her shop after backlash over Pelosi visitWhy a lifelong New Yorker deployed the nuclear option: A move to JerseyKatie Holmes' boyfriend dumped fiancée via text just before photos surfacedCandace Cameron Bure addresses criticism of 'inappropriate' photo with husbandBrat pack: Inside the privileged lives of protesters busted for rioting in NYCESPN analyst under fire for strange Naomi Osaka mask interviewKardashians could ink streaming deal with Netflix, Apple or Amazon soonKardashians could ink streaming deal with Netflix, Apple or Amazon soonTamar Braxton’s ex David Adefeso fears ‘Get Ya Life’ will make him look badTamar Braxton’s ex David Adefeso fears ‘Get Ya Life’ will make him look badPete Davidson likely to return for next season of ‘Saturday Night Live’Pete Davidson likely to return for next season of ‘Saturday Night Live’‘The View’ Spends the Morning Screaming About Bob Woodward’s Trump Tapes: “I Don’t Trust Anybody!”‘The View’ Spends the Morning Screaming About Bob Woodward’s Trump Tapes: “I Don’t Trust Anybody!” Would you like to receive desktop browser notifications about breaking news and other major stories? Post was not sent - check your email addresses! The initial agreement to sell off the assets was revealed last April.WarnerMedia’s lease at 30 Hudson Yards runs through early 2034. “The CNN Center is of great value to a third party that specializes in such developments.”The CNN Center has been a mix of offices and retail space.The exit of CNN employees will be a gradual process. All Rights reserved.

The company has been whittling away at the debt load, focusing on the efficiencies it signaled to investors from the beginning of the Time Warner acquisition, which took more than two years to emerge from a bog of government scrutiny.Since February, when the Department of Justice abandoned its appeal of a lawsuit aiming to block the merger, WarnerMedia has been in non-stop transition mode. But the network’s daytime programs, as well as CNN’s worldwide network, are produced out of Atlanta.In his memo, Desroches stressed that the move should in no way suggest that WarnerMedia is less committed to Atlanta, noting renovations have already taken place in the Techwood offices.“We feel the long-term benefit of being in one location will be a more collaborative workforce,” he wrote. WarnerMedia, an operating company of AT&T (), has signed an agreement with an affiliate of Related Companies to sell its space at 30 Hudson Yards for approximately $2.2 billion.The transaction is expected to close in late second-quarter 2019. WarnerMedia is planning to sell its new offices at 30 Hudson Yards that could fetch more than $2 billion, making it a tidy profit. A streaming service, launching in beta by the end of 2019 and more fully in early 2020, is a priority.The Hudson Yards headquarters consolidates previously far-flung operations, bringing employees from Columbus Circle, Bryant Park and elsewhere under one roof.Launch dates for broadcast, cable and streaming programsUp-to-date lists for broadcast, cable and streaming seriesPandemic-proof vs. pandemic-contingent broadcast lineupsGet our latest storiesin the feed of your favorite networksWe want to hear from you! WarnerMedia became a partner in the development of the building in 2014.

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