Today The Wall Street Journal takes a look at media companies in the middle of real estate moves. And what better time to bring up The New York Times‘ financial situation.
The Wall Street Journal now occupies space in the News Corp. building in midtown. News Corp. acquired Journal publisher Dow Jones in 2007, and last year moved the company out of its downtown offices.
Unlike many of their peers, the New York Times Co. and Forbes stayed put. But both now are tenants in space they used to own after their owners sold part or all of their buildings.
Businessweek will leave Rockefeller Center this month and head east to Bloomberg headquarters on Lexington Avenue.
Hachette Filipacchi is moving from 50th and Broadway to the Time & Life building.
Last month, the publisher of The Economist moved to 750 Third Avenue, where it will share offices with editors and executives from Reader’s Digest.