WarnerMedia Closes Sale of Office Space at 30 Hudson Yards
June 14 2019 - 4:06PM
Business Wire
WarnerMedia, an operating company of AT&T Inc.*, announced
today that it has completed the sale-leaseback of its premises at
30 Hudson Yards to a consortium for approximately $2.2 billion. The
company announced its initial agreement to sell these assets in
April 2019.
WarnerMedia’s lease at 30 Hudson Yards runs through early 2034.
AT&T will use proceeds from this transaction, along with other
planned sales of the company’s non-core assets, to reduce its
debt.
*About AT&TAT&T Inc. (NYSE:T) is a diversified,
global leader in telecommunications, media and entertainment, and
technology. It executes in the market under four operating units.
WarnerMedia is a leading media and entertainment company that
creates and distributes premium and popular content to global
audiences through its consumer brands including: HBO, Warner Bros.,
TNT, TBS, truTV, CNN, DC Entertainment, New Line, Cartoon Network,
Adult Swim, Turner Classic Movies and others. AT&T
Communications provides more than 100 million U.S. consumers with
entertainment and communications experiences across TV, mobile and
broadband services. Plus, it serves more than 3 million business
customers with high-speed, highly secure connectivity and smart
solutions. AT&T Latin America provides pay-TV services across
11 countries and territories in Latin America and the Caribbean,
and is the fastest growing wireless provider in Mexico, serving
consumers and businesses. Xandr provides marketers with innovative
and relevant advertising solutions for consumers around premium
video content and digital advertising through its AppNexus
platform.
AT&T products and services are provided or offered by
subsidiaries and affiliates of AT&T Inc. under the AT&T
brand and not by AT&T Inc. Additional information is available
at about.att.com. © 2019 AT&T Intellectual Property. All rights
reserved. AT&T, the Globe logo and other marks are trademarks
and service marks of AT&T Intellectual Property and/or AT&T
affiliated companies. All other marks contained herein are the
property of their respective owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20190614005492/en/
McCall ButlerAT&T Corporate and Financial
CommunicationsPhone: 470-773-5704Email: mb8191@att.com
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