Scroll down for video…
The New York Times is planning to vacate “at least eight floors” in its Manhattan headquarters as part of a plan to cut costs, generate rental income, and redesign office space, according to an internal memo.
In a message to company employees, CEO Mark Thompson said that the company had “made the decision to consolidate our footprint across the building to create a more dynamic, modern and open workplace, one that is better suited to the moment.”
“We’re planning significant investments in a redesign of our existing space in order to facilitate more cross-departmental collaboration. We expect a substantial financial benefit as well. All told, we will vacate at least eight floors, allowing us to generate significant rental income,” he continued.
The memo also confirmed that the near 400 employees currently stationed in the floors soon to be located will be moved to a temporary location until the end of 2017, where the redesign will be completed.
The retrenchment effort comes a month after the New York Times announced a 95.7 percent fall in quarterly profit, something which they attributed to restructuring charges related to headcount reductions.
Last week, when delivering a speech on the perceived problem of ‘fake news,’ Thompson made a pitch for new subscribers, claiming that “if you want real journalism, you as a consumer will have to pay for it. So subscribe. Subscribe to your local paper, or The New York Times.”
Maybe they should look in the mirror for the reason for their collapsing business. One organization put together a list of New York Times fake news:
Top 10 for the 10th Anniversary of Times Watch: Presenting the Absolute Worst From the New York Times
This week marks 10 years of Times Watch, the Media Research Center’s project monitoring the liberal bias of the New York Times, America’s most influential newspaper. Over the course of roughly 3,500 posts since March 2003, we have followed the Times through events historic (wars in Afghanistan and Iraq), pathetic (Jayson Blair, Howell Raines) and dangerous (the paper scuttling two separate anti-terror programs.)
Here in rough chronological order are the Top Ten highlights of the New York Times’ 10-year investigation into the bias of the New York Times.
1) Maureen Dowd’s Dishonest Deletion
2) Times Brought Low By Reporter Jayson Blair’s Plagiarism
3) Raines of Error: Howell Raines’ 21-Month Times Editorialship
4) Anti-War Reporter Chris Hedges, Unplugged
5) Smearing the Duke University Lacrosse Team as Rapists
6) Publisher Sulzberger’s Left-Wing Graduation Rant
7) Scuttling Two of Bush’s Anti-Terrorist Programs
8) John McCain Affair Allegations Backfire
9) Blaming Jared Loughner’s Rampage on Conservatism
10) Tea Party vs. Occupy Wall Street
Here’s another one in which the New York Times tries unsuccessfully to smear Trump. They didn’t think this would happen: