Tuesday, July 7, 2020
Home U.S WarnerMedia Places'for sale' sign on CNN Center in Atlanta

WarnerMedia Places’for sale’ sign on CNN Center in Atlanta

WarnerMedia said Monday it will promote the iconic CNN Center in downtown Atlanta, but it does not indicate the network will depart town.

The system will combine its Atlanta workforce at a series of offices throughout town — the Identical office campus in which CNN was first situated upon its heritage by Ted Turner in the first 1980s.

“Downtown Atlanta has witnessed excellent investment and is rapidly becoming an entertainment destination,” Pascal Desroches, chief financial officer in WarnerMedia, explained in a memo to employees. “The CNN Center is of fantastic significance to some third party that specializes in these developments.”

The CNN Center was a mixture of retail and offices area.

The departure of CNN workers are going to be a slow procedure. The business said it intends to rent the CNN Center offices for five years because its transfer into the so-called Techwood campus has been finished.

The sale was under consideration for quite a while but has been placed on hold pending the organization’s merger with AT&T,” the business said.

A number of CNN’s television operations, including the system’s prime-time schedule, are generated in the organization’s new offices at New York’s Hudson Yards development. However, the network’s day programs, in addition to CNN’s worldwide community, are made from Atlanta.

In his memo, Desroches worried that the transfer should on no account imply that WarnerMedia is less dedicated to Atlanta, noting renovations have taken place from the Techwood offices.

“We feel that the long-term advantage of being at 1 place will be much more collaborative effort,” he said.

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