WarnerMedia puts ‘for sale’ sign on CNN Center in Atlanta

WarnerMedia talked about Monday it will likely promote the enduring CNN Center in downtown Atlanta, nonetheless that doesn’t counsel the neighborhood will abandon metropolis.

The neighborhood will consolidate its Atlanta workforce in a sequence of workplaces all by metropolis — the an comparable office campus the place CNN was first positioned upon its founding by Ted Turner all by the early 1980s.

“Downtown Atlanta has seen good funding and is shortly turning into an leisure journey spot,” Pascal Desroches, chief financial officer at WarnerMedia, talked about in a memo to employees. “The CNN Center is of incredible value to a third celebration that focuses on such developments.”

The CNN Center has been a combination of workplaces and retail home.

The exit of CNN employees will probably be a gradual course of. The company talked about it plans to lease the CNN Center workplaces for five years as its change to the so-called Techwood campus is achieved.

The sale had been into consideration for some time nonetheless was positioned on shield pending the company’s merger with AT&T, the company talked about.

Solely a number of of CNN’s television operations, along with the neighborhood’s prime-time schedule, are produced from the company’s new workplaces in New York’s Hudson Yards progress. Nonetheless the neighborhood’s daytime packages, along with CNN’s worldwide neighborhood, are produced out of Atlanta.

In his memo, Desroches confused that the change should undoubtedly not counsel that WarnerMedia is approach pretty a bit a lot so much a lot much less devoted to Atlanta, noting renovations have already taken place all by the Techwood workplaces.

“We actually actually actually truly actually really feel the long-term good thing about being in a single location will probably be an additional collaborative workforce,” he wrote.

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