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New York Times Sells Part of New Headquarters

  • 3/9/09 at 11:15 AM

This morning the New York Times Company announced that it sold 21 floors of their midtown Manhattan office tower (you know, the one that is so climbable) for $225 million to a private investment firm. The paper will lease the floors back for up to fifteen years. Upon release of the news, Times Company shares bounced up 21 cents. [Yahoo Finance]

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