Blog Post

There Goes The Neighborhood: Hachette Moving Into Time Inc.’s Building

Here’s an interesting New York real estate story: we’ve heard that Hachette Filipacchi Media U.S will be vacating its long-time 50th St. and Broadway offices this fall and will move a block and a half east to the *Time* Life Building. So far, some Time Inc. (NYSE: TWX) staffers don’t seem very welcoming, with some worried that they might have to share the cafeteria with their publishing rivals. An HFMUS rep confirmed that the company is getting ready to move after the summer. But the rep also denied a rumor going around its new building that most staffers would telecommute and that employees would not have permanent desks. “Of course there are assigned offices and work stations,” the HFMUS rep said. “A very small percentage will be working from home and coming into the office as needed, which is a trend across all businesses. We