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

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NEW YORK (AP) — WarnerMedia mentioned Monday it would promote the enduring CNN Center in downtown Atlanta, however that it doesn’t imply the community will abandon town.

The community will consolidate its Atlanta workforce in a sequence of workplaces throughout city, the identical workplace campus the place CNN was first situated upon its founding by Ted Turner within the early 1980s.

“Downtown Atlanta has seen great investment and is quickly becoming an entertainment destination,” Pascal Desroches, chief monetary officer at WarnerMedia, mentioned in a memo to workers. “The CNN Center is of great value to a third party that specializes in such developments.”

The CNN Center has been a mixture of workplaces and retail area.

The exit of CNN staff will likely be a gradual course of. The firm mentioned it plans to lease the CNN Center workplaces for 5 years as its transfer to the so-called Techwood campus is accomplished.

The sale had been into consideration for a while however was placed on maintain pending the corporate’s merger with AT&T, the corporate mentioned.

Some of CNN’s tv operations, together with the community’s prime-time schedule, are produced from the corporate’s new workplaces in New York’s Hudson Yards improvement. But the community’s daytime applications, in addition to CNN’s worldwide community, are produced out of Atlanta.

In his memo, Desroches confused that the transfer ought to on no account counsel that WarnerMedia is much less dedicated to Atlanta, noting renovations have already taken place within the Techwood workplaces.

“We feel the long-term benefit of being in one location will be a more collaborative workforce,” he wrote.