Fox Corp. plans to vacate a quarter of its space at 1211 Sixth Ave., a move that would come only three years after Rupert Murdoch’s media empire agreed to stay in the Midtown tower until 2042.Fox intends in November to leave 330,000 of its 1.25 million square feet in the building, credit-rating agency KBRA said in a report Wednesday in which it downgraded 1211 Sixth’s $1 billion mortgage, citing an “impending decline in the property’s occupancy.”The building houses the corporate headquarters for Fox and News Corp., studios for Fox News, and the Wall Street Journal and New York Post newsrooms. It’s not clear which parts of the Murdoch enterprises would shrink their space at 1211 Sixth. Fox and News Corp. would continue to occupy about half of the 45-story, 1.9 million square-foot building, a person familiar with the matter said. About half the space to be vacated is subleased to Disney Streaming Services, KBRA said, likely a remnant of the 2019 deal in which Fox sold its entertainment assets to Disney for $71 billion. A Disney spokeswoman said employees are moving the company’s new space at 7 Hudson Square, which will also be home to studios for "Good Morning America" after the show is relocated from Times Square. Fox referred questions to Mary Ann Tighe, CEO for the tri-state region at CBRE. She negotiated the lease extension for it and News Corp. in 2022 and said the building’s owner was aware of Fox’s plans when the parties reached their agreement.“Nothing has changed,”... Continue reading at 'Crains New York'
[ Crains New York | 2025-03-27 17:09:46 UTC ]
Facebook and two outside social scientists recently published a scientific paper in which they revealed that they had manipulated users’ news feeds to tweak their emotions. Since then, there has been a growing debate over the ethics and practice of Facebook experimenting on its users, as... Continue reading at Slate
[ Slate | 2014-06-30 00:00:00 UTC ]
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The private investment firm G Asset Management has made a proposal to buy a 51% stake in Barnes & Nobles in a deal valuing the company at $22 per share. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-02-21 00:00:00 UTC ]
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Google announced a new partnership with comScore today that it said will improve its ability to tell brand marketers about their digital campaigns. Google touted a new measurement tool—available to DoubleClick advertisers and publishers—that will deliver real-time data about who is seeing ads... Continue reading at AdWeek
[ AdWeek | 2014-02-11 00:00:00 UTC ]
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A Switzerland-based standards group wants to stop the madness of having a different charger for every laptop, and will publish a technical specification for universal laptop chargers early next year. The specification from the International Electrotechnical Commission will cover “a wide range of... Continue reading at PC World
[ PC World | 2013-12-18 00:00:00 UTC ]
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William Lynch has resigned as CEO of Barnes and Noble, while Michael Huseby has been appointed CEO of NOOK Media LLC. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-07-09 00:00:00 UTC ]
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Following the completion of the merger between Penguin and Random House, CEO Markus Dohle announces the global senior executive team for the new Penguin Random House, which now controls around 25% of the trade book market in the US. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-07-01 00:00:00 UTC ]
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Fairfax Magazines will resign the licences, owned by IDG, to publish technology titles Computerworld, Reseller News and PC World in New Zealand. In a press release sent out to the media late yesterday, the organisation says the decision is based on ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2013-06-18 00:00:00 UTC ]
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Amazon's taken a number of steps to bring different types of content to the Kindle Store, and it's now venturing into an area that has a long history with the internet: fan fiction. The company's today announced Kindle Worlds, a new publishing platform that promises to pay writers royalties for... Continue reading at Engadget
[ Engadget | 2013-05-22 00:00:00 UTC ]
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At this point, expecting Amazon to actually divulge genuine numbers surrounding its Kindle business would be akin to expecting that so-called "fiscal cliff" to just vanish overnight. That said, the company's playing a little less coy than usual in a new press release that announces A/B testing... Continue reading at Engadget
[ Engadget | 2012-12-07 00:00:00 UTC ]
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The Securities and Exchange Commission has charged a California man with insider trading in the run-up to the 2009 Disney-Marvel deal. The SEC says Toby G. Scammell took advantage of his girlfriend, an "extern" working at Disney's corporate strategy department, to learn about the company's $4... Continue reading at AllThingsD
[ AllThingsD | 2011-08-12 00:00:00 UTC ]
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In October of this year, youll be able to grab a butterbeer, pull up a chair, and log on to Pottermore, the new virtual world for all things Harry Potter. It isnt clear just yet what the sites primary function will be, but early reports say Pottermore will be home to the first-ever Harry... Continue reading at AdWeek
[ AdWeek | 2011-06-24 00:00:00 UTC ]
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