WarnerMedia places ‘on the market’ signal on CNN Heart in Atlanta

WarnerMedia stated Monday it would promote the long-lasting CNN Heart in downtown Atlanta, however that doesn’t imply the community will abandon the town.

The community will consolidate its Atlanta workforce in a sequence of workplaces throughout city — the identical workplace campus the place CNN was first positioned upon its founding by Ted Turner within the early 1980s.

“Downtown Atlanta has seen nice funding and is rapidly turning into an leisure vacation spot,” Pascal Desroches, chief monetary officer at WarnerMedia, stated in a memo to employees. “The CNN Heart is of nice worth to a 3rd get together that makes a speciality of such developments.”

The CNN Heart has been a mixture of workplaces and retail area.

The exit of CNN staff will likely be a gradual course of. The corporate stated it plans to lease the CNN Heart workplaces for 5 years as its transfer to the so-called Techwood campus is accomplished.

The sale had been into consideration for a while however was placed on maintain pending the corporate’s merger with AT&T, the corporate stated.

A few of CNN’s tv operations, together with the community’s prime-time schedule, are produced from the corporate’s new workplaces in New York’s Hudson Yards improvement. However the community’s daytime packages, in addition to CNN’s worldwide community, are produced out of Atlanta.

In his memo, Desroches burdened that the transfer ought to on no account recommend that WarnerMedia is much less dedicated to Atlanta, noting renovations have already taken place within the Techwood workplaces.

“We really feel the long-term advantage of being in a single location will likely be a extra collaborative workforce,” he wrote.

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