The New York Times 225 million U.S. dollars to sell the headquarters building of unliquidated

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According to The New York Times, today's statement, the newspaper headquarters in New York together

accounted for 52 of the 21-story building layer, eight in Manhattan Avenue.

It is understood that the operation of "The New York Times" and "Boston Globe Times" newspaper of

the New York stock dividend has been discontinued and are layoffs, sale of assets to cope with

accelerating the decline in flat-media advertising. The newspaper is working with the Boston Red

Sox baseball team to negotiate the sale of a small number of company shares.

During the financial turmoil, the United States for major cities in the office rental business

downturn, the vacancy rate of commercial buildings has been rising. Real estate research firm Reis

prediction in last month, with companies laying off staff and economical operating costs, this

year's office vacancy rate will reach 16.7%, next year there is likely to reach 18 years to the

highest level.

New York newspaper leaseback lease period of 15 years in the first 10 years, the New York

newspapers can be an additional 250 million U.S. dollars of interest after the repurchase. Rent for

the first year of 24 million, and year by year.

It is learned that the New York Times in July 2007 moved to this office before 2004 in the former

headquarters building sold 175 million U.S. dollars to give the real estate company Tishman Speyer,

Tishman Speyer and the company was 525 million U.S. dollars to the price of its Africa Israel sold

to investment company.

In February this year, New York newspaper has reported, "The New York Times" and "Manhattan, Global

Times," a non-weekend circulation fell 3.1% and 1.1%. In January this year, the newspaper obtained

250 million U.S. dollars of financing, the Mexican billionaire bought the New York Salim newspaper

250 million U.S. dollars of unsecured bonds, the annual interest rates of about 14%, at the same

time he will receive approximately 1,600 shares of Warrants can be split.