WarnerMedia is looking to sell the CNN Center in Atlanta, the building that had served as the world headquarters of CNN for more than 25 years
AT&T's .WarnerMedia will be "consolidating our WarnerMedia Atlanta operations in our recently renovated and redesigned Techwood campus," according to a statement from the company. "As part of these changes we are selling the CNN Center, which is a retail center, well positioned in the downtown entertainment area of the city. Once sold, we will lease back the property for a minimum of five years. There will be no immediate impact to employees working at the CNN Center.
CNN Center continued to serve as the headquarters of CNN International and HLN, and still houses much of the network's technical facilities. Nearly all CNN U.S. broadcasts now originate out of WarnerMedia’s headquarters at Hudson Yards in New York, or out of Washington D.C., though CNN Center remains a hub for the company, and a tourist attraction in the Atlanta area.
The move by WarnerMedia is the latest effort by AT&T to seek assets to monetize as it grapples with the coronavirus pandemic and takes measures to continue paying down its debt. The company is said to be putting its Warner Bros. Interactive gaming studio up for sale, has already sold its stake in the Game Show network and has sold off wireless and TV assets in Latin America and Europe.
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