[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.
[Photo: Google]
The USA Today Sports Media Group?
ReplyDeleteJim, I believe this is the Sports Media Group. They were advertising several new jobs several months ago, w/ NYC as the location. Hope they can make a difference and an impact. We can use some good news, for a change.
ReplyDeleteIt's being rented so they can waste a whole bunch of money as they fail in NYC
ReplyDelete6:46am...Bingo!
ReplyDelete6:47 you obviously haven't met Tom Beusse!!!
ReplyDeleteThere's no space at the Palace? People who work in sports can't be based in Virginia?
ReplyDeleteNY-based Sports Media Group is there already. David Payne's new development team (for the oft-talked about site re-launch) to be there as well.
ReplyDeleteOh, 8:58, you are so 20th Century. We new-thinking digital types must be in stylish settings that allow us to bring our dogs to work, play half-court basketball in the common area, have soda machines on free play, large walls with blackboard paint, hang hundreds of flat-panel monitors and, of course, be near lots of bars, coffee shops and bars. Crystal Palace is in walking distance to... the Hilton. Not the type of place that will allow us to recruit 20-somethings. Crystal Palace is a tomb, a monument to Old Gannett at its zenith.
ReplyDeleteI read something recently in the NY Times about corporations who are out in "the burbs" being cut off... I wonder if Gannett read that article, too?
ReplyDeleteThere was office space available in downtown Indy if they wanted to be near a sports team. OH, you wanted a PROFESSIONAL sports team?
ReplyDeleteMaybe Green Bay has space, aren't they downtown?
when i think cost-effective office space, i think Manhattan.........
ReplyDeleteFolks almost every professional sports league is located in NYC. Put on a business hat just for a second before you disparage an idea. We've actually attacked professional sports incorrectly for years. This is a smart move. If you are hunting for elk you don't hunt for them in Indy. You go where the league offices are based.
ReplyDeleteHow big would this new office be?
ReplyDeleteIt's equal to ten U.S. homes, based on the current average of 2,300 square feet.
A 23,000-square-foot office would house about 60 employees, based on the average of 387 square feet per worker cited by the U.S. Energy Information Administration.
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ReplyDeleteThe Crystal Palace is not only a negative when it comes to hiring 20somethings (sadly, the main demographic Gannett seeks lately), but the cost of building and maintaining it has cost a lot of people their jobs. A lot of blood on the imported marble floors over there in Tysons. Tragic that so many had to have their careers ruined because of the egos and self indulgence at the top.
ReplyDelete5:16 it is the same building and same costs we had when times were good. People lost jobs because advertisers, that's right advertisers stopped advertising in print. Get real already. It's about advertising revenues NOT freaking marble tiles or a Blue ball.
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ReplyDelete@1104am
ReplyDeletemy "business hat" tells me that if you're going to report on the finances of the various leagues, New York IS an ideal location. The sports fan in me seems to remember that sports venues are a little more spread out than just Manhattan. Do the readers want to hear from David Stern and Roger Goodell, or would they rather hear from Lebron and Tom Brady?
Just sounds like more of GCI being out of touch with what the readers want..........