[Photo shows exterior of the building near Times Square]
Gannett will be using the 23,000-square-foot space on the 17th floor of a building at 1440 Broadway "for a new online division," the New York Observer reported today, citing a source it didn't identify.
[Updated at 10:30 a.m. ET on Dec. 16.] Manhattan Class A office space averages about $73 a square foot, according to Realty Biz News -- up 15% from a year ago. At that rate, the Broadway space would lease for nearly $1.7 million a year. Still, I found prices in the Times Square area as low as $45 on this website.
A new online division? What's that? Please post your replies in the comments section, below. To e-mail confidentially, write jimhopkins[at]gmail[dot-com]; see Tipsters Anonymous Policy in the rail, upper right.