MO
As I correctly predicted several years ago when Time Warner announced the redevelopment of the Techwood Campus. CNN and AT&T has announced that CNN Center being is sold and they are moving out. The published media articles havent said exactly what will happen with the studios of CNN International and CNN HLN and the domestic newsroom. But it stands to reason that those channels will move in part back to its original home at the Techwood Campus after decades in their famous CNN Center. I would imagine withe London newsroom now open an operational, they will shift more responsibility there. That is reason why London got such an expansive and larger set. This wasnt a fluke. There big money making corporation do things with the bottom line in mind. That set in London was far more expansive and likely more expensive than any set their ever built in the UK for CNN. So its wasnt a mystery why it was what it is. They also mentioned that other operations will move to NYC and to a new development in LA.
https://www.thewrap.com/warnermedia-selling-cnn-center-keeping-some-operations-in-atlanta/
WarnerMedia leadership told staffers Monday that the CNN Center in Atlanta will be sold, downplaying questions about whether the move signals impending layoffs.
Answering questions on an internal FAQ-style information sheet, WarnerMedia leadership explained why the iconic location in Georgia is being sold, but maintained that WarnerMedia will not be leaving Atlanta altogether: “Our strategy is to consolidate our teams in state-of-the-art hubs to maximize collaboration. This is a strategy we are also implementing at our other primary business locations, most recently at Hudson Yards in New York City and our Ivy Station project [in Culver City, California], currently in development. We believe this creates a more collaborative working environment for our employees.”
“During the pandemic, we have learned a lot about working remotely and we will be looking at space solutions that are more agile for the appropriate teams,” the internal document went on. “Over time, some employees moving from CNN Center will be relocated to our Techwood campus in Midtown Atlanta or our building on Williams Street, near Techwood. We recently undertook extensive renovations to our campus to better foster a culture of innovation, creativity and collaboration, and will continue to invest in Techwood.”
One of the questions leadership responded to was whether the sale signifies impending layoffs.
“While we continue to transform our organization, one of our stated goals was to find efficiencies in how our companies work together to ensure we can focus our investments and optimize our resources. WarnerMedia has a large employee base in Atlanta, and we invest millions to keep and attract talented employees here,” said the document.
In a separate internal note to WarnerMedia staff, chief financial officer Pascal Desroches wrote that the company is still committed to Atlanta.
Further, he wrote, “We recognize the historical relevance of the CNN Center. Ted Turner was a true pioneer who reinvented media when he launched the 24-hour news channel in 1980. WarnerMedia was proud to play a part in solidifying Ted’s legacy last December with the dedication of our Techwood campus to him, the unveiling of a commissioned mural portrait on our campus and a donation to the University of Georgia, in partnership with the Turner Family and Turner Enterprises, that established the Ted Turner Exhibition Hall & Gallery at UGA’s library, the Ted Turner Scholarship Fund and the Ted Turner Maverick internship.”
After a WarnerMedia email told staff that a “very small group” of employees are returning to offices this week, CNN president Jeff Zucker stressed to his company in an email Monday that the move won’t have a major effect on the network’s operations and that cleared, critical workers are still the only ones allowed in the offices. Most CNN employees are not expected to return to their offices until 2021.
https://www.wsbtv.com/news/local/atlanta/warnermedia-selling-cnn-center-downtown-atlanta-memo-says/VL5UQFMBIFETXJVZRTIGRJYHOE/?utm_campaign=snd-autopilot
WarnerMedia selling CNN Center in downtown Atlanta
The CNN Center building in Atlanta, Georgia
Updated: June 29, 2020 - 5:28 PM
ATLANTA — Warner Media is planning to sell the CNN Center in downtown Atlanta, according to an internal memo obtained by Channel 2 Action News.
The memo said there had been discussions of selling the building, but those had been put on hold for the Time Warner and AT&T merger.
“Now that we’ve had time to further evaluate, we’ve concluded that the best course of action is to sell the CNN Center,” WarnerMedia told employees in the memo.
The company plans to centralize most employees at its Techwood location, a process that could take several years. WarnerMedia said the decision should not suggest it’s less committed to Atlanta.
“We recognize the historical relevance of the CNN Center. Ted Turner was a true pioneer who reinvented media when he launched the 24-hour news channel in 1980. WarnerMedia was proud to play a part in solidifying Ted’s legacy last December with the dedication of our Techwood campus to him, the unveiling of a commissioned mural portrait on our campus and a donation to the University of Georgia, in partnership with the Turner Family and Turner Enterprises, that established the Ted Turner Exhibition Hall & Gallery at UGA’s library, the Ted Turner Scholarship Fund and the Ted Turner Maverick internship.”
UPDATE: Variety Magazine is report that AT&TMedia will lease back some space at the former CNN Center for 5 years while they slowly move operations to Techwood and other locations.
First broadcast of CNN Headline News from CNN Center in 1987
https://www.thewrap.com/warnermedia-selling-cnn-center-keeping-some-operations-in-atlanta/
WarnerMedia leadership told staffers Monday that the CNN Center in Atlanta will be sold, downplaying questions about whether the move signals impending layoffs.
Answering questions on an internal FAQ-style information sheet, WarnerMedia leadership explained why the iconic location in Georgia is being sold, but maintained that WarnerMedia will not be leaving Atlanta altogether: “Our strategy is to consolidate our teams in state-of-the-art hubs to maximize collaboration. This is a strategy we are also implementing at our other primary business locations, most recently at Hudson Yards in New York City and our Ivy Station project [in Culver City, California], currently in development. We believe this creates a more collaborative working environment for our employees.”
“During the pandemic, we have learned a lot about working remotely and we will be looking at space solutions that are more agile for the appropriate teams,” the internal document went on. “Over time, some employees moving from CNN Center will be relocated to our Techwood campus in Midtown Atlanta or our building on Williams Street, near Techwood. We recently undertook extensive renovations to our campus to better foster a culture of innovation, creativity and collaboration, and will continue to invest in Techwood.”
One of the questions leadership responded to was whether the sale signifies impending layoffs.
“While we continue to transform our organization, one of our stated goals was to find efficiencies in how our companies work together to ensure we can focus our investments and optimize our resources. WarnerMedia has a large employee base in Atlanta, and we invest millions to keep and attract talented employees here,” said the document.
In a separate internal note to WarnerMedia staff, chief financial officer Pascal Desroches wrote that the company is still committed to Atlanta.
Further, he wrote, “We recognize the historical relevance of the CNN Center. Ted Turner was a true pioneer who reinvented media when he launched the 24-hour news channel in 1980. WarnerMedia was proud to play a part in solidifying Ted’s legacy last December with the dedication of our Techwood campus to him, the unveiling of a commissioned mural portrait on our campus and a donation to the University of Georgia, in partnership with the Turner Family and Turner Enterprises, that established the Ted Turner Exhibition Hall & Gallery at UGA’s library, the Ted Turner Scholarship Fund and the Ted Turner Maverick internship.”
After a WarnerMedia email told staff that a “very small group” of employees are returning to offices this week, CNN president Jeff Zucker stressed to his company in an email Monday that the move won’t have a major effect on the network’s operations and that cleared, critical workers are still the only ones allowed in the offices. Most CNN employees are not expected to return to their offices until 2021.
https://www.wsbtv.com/news/local/atlanta/warnermedia-selling-cnn-center-downtown-atlanta-memo-says/VL5UQFMBIFETXJVZRTIGRJYHOE/?utm_campaign=snd-autopilot
Quote:
WarnerMedia selling CNN Center in downtown Atlanta
The CNN Center building in Atlanta, Georgia
Updated: June 29, 2020 - 5:28 PM
ATLANTA — Warner Media is planning to sell the CNN Center in downtown Atlanta, according to an internal memo obtained by Channel 2 Action News.
The memo said there had been discussions of selling the building, but those had been put on hold for the Time Warner and AT&T merger.
“Now that we’ve had time to further evaluate, we’ve concluded that the best course of action is to sell the CNN Center,” WarnerMedia told employees in the memo.
The company plans to centralize most employees at its Techwood location, a process that could take several years. WarnerMedia said the decision should not suggest it’s less committed to Atlanta.
“We recognize the historical relevance of the CNN Center. Ted Turner was a true pioneer who reinvented media when he launched the 24-hour news channel in 1980. WarnerMedia was proud to play a part in solidifying Ted’s legacy last December with the dedication of our Techwood campus to him, the unveiling of a commissioned mural portrait on our campus and a donation to the University of Georgia, in partnership with the Turner Family and Turner Enterprises, that established the Ted Turner Exhibition Hall & Gallery at UGA’s library, the Ted Turner Scholarship Fund and the Ted Turner Maverick internship.”
UPDATE: Variety Magazine is report that AT&TMedia will lease back some space at the former CNN Center for 5 years while they slowly move operations to Techwood and other locations.
First broadcast of CNN Headline News from CNN Center in 1987
Last edited by Mouseboy33 on 30 June 2020 3:30am - 5 times in total
