New York Times Gives Up 8 Floors Of Its Manhattan Headquarters In Cost-Cutting Move


The New York Times, considered by President-elect Donald Trump and his supporters to be a “failing” and “corrupt” paper, has announced its intention to vacate at least eight floors of its midtown Manhattan headquarters.

“We’ve 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,” Publisher Arthur Sulzberger Jr. and President and CEO Mark Thompson informed company employees in a memo sent Friday, according to Politico. “We’re planning significant investments in a redesign of our existing space in order to facilitate more cross-departmental collaboration.”

But the real reason for the move was probably revealed in the next two sentences: “We expect a substantial financial benefit as well. All told, we will vacate at least eight floors, allowing us to generate significant rental income.”

While the reasons offered by Sulzberger and Thompson for the sudden decision sounded pleasant enough, Breitbart noted that it came only “a month after the New York Times announced a 95.7 percent fall in quarterly profit, something which they attributed to restructuring changes related to headcount reductions.”

And last April, the New York Post reported at the time that The Times was “preparing to lay off a few hundred staffers in the second half of the year.”

Moreover, while speaking at the Detroit Economic Club luncheon earlier in the week, Thompson all but begged the American people to subscribe to his paper.

“If you want real journalism, you as a consumer will have to pay for it,” he said, according to a transcript from The New York Times Company. “So subscribe. Subscribe to your local paper, or The New York Times, or The Wall Street Journal, or The Washington Post, or, if you’re feeling particularly flush, to all of the above.”

Truth be told, The Times’ announcement sounded a lot more like bad news than it did like good news. It seemed therefore that Sulzberger and Thompson’s statements were meant to distort the news and present a false narrative — which, ironically enough, was what the paper had a history of doing with regular news.

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