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.