The Wall Street Journal is moving into five floors at 1211 Sixth Ave., home of Fox News and the New York Post. That building's floors are about 40,000 square feet, so, if they were paying a full $80 a square foot, the rent comes to a nice $1.3 million a month! Now, being a big tenant of the building, Rupert Murdoch is probably paying less. However, they're also renting out additional space (WHY?) at 1185 Sixth Ave., because apparently 200,000 square feet isn't enough, so perhaps they are paying more. Also, random math indicates that electric and the like for five floors should be something like $600,000 for the year.
Wednesday, June 10, 2009
5
Compare/contrast with The Awl?
That's gonna take a lot of pageviews to cover. Obama better start getting comfortable with his Muslim heritage at a faster clip.
Didn't Pascale postulate that square footage generates profit because Nature abhors a vacuum?
Editors will have offices with sliding glass doors and colorful chairs opposite their desksâ€"bright, electric red for some, neon green for others. Reporters will be sitting in a wide-open, bullpen-style area with some reporters sitting two to the same long desk.
I have seen this movie before....
What, Old RM didn't want to buy out and rebrand the Times building?