New York Times to Sublease Office Space in Revenue Search

New York Times Co. will vacate and sublease at least eight floors of its headquarters building in Manhattan as the publisher seeks new sources of revenue amid a decline in print advertising.

The company’s current office setup has made employees “less collaborative” and it was “too expensive to occupy this many floors when we don’t truly need them,” the Times said in a letter to employees that was filed Friday with regulators.

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