NYT: More Lawyers, Less Newsprint

The New York Times is giving up five floors in its new Eighth Avenue building before it even moves in.

The Renzo Piano-designed headquarters, expected to open later this year, will be co-owned by the newspaper company and the developer Forest City Ratner. On Tuesday, they announced that floors 23 through 27, which were in the half owned by The Times, and floors 29 and 30, owned by the real-estate company, had been leased to law firm Goodwin Procter.

The move had long been rumored.

Matthew Schuerman NYT: More Lawyers, Less Newsprint