By Jonathan Hemingway -- Broadcasting & Cable, 7/13/2007 10:18:00 AM MT
They will be packing boxes at Gemstar-TV Guide International. The company will be moving its New York operations to 11 West 42nd Street. The space will house TV Guide magazine’s editorial department, TV Guide Online and the primary ad sales staff for the company. The move is planned for mid-December.
The company is currently housed in the same building as News Corp., its controlling stakeholder.
Earlier this week, Gemstar-TV Guide put itself on the block, retaining UBS as its financial advisor and M&A specialists Wachtell, Lipton, Rosen & Katz as legal counsel to help it explore “strategic alternatives.”
Fox Business Network begins broadcasting from its new high-tech Studio G, overlooking Manhattan from the 3rd floor of News Corp. headquarters, on April 20. B&C got an early peek at the new space.
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