While the possibility of media conglomerate Time Warner leaving the building that boasts its name is not new, an article from the Hollywood Reporter pointed to the possibility of a more drastic move for the company — a move away from New York City.
Time Warner’s CFO John Martin told a conference for entertainment investors in San Francisco yesterday that the company will be considering options outside Gotham when its leases at 10 buildings in the Big Apple — which cost the firm approximately $300 million per year — are up in 2017. A source told the Hollywood Reporter that parts of New York state, New Jersey and Connecticut are under consideration. [more]






