Will NY Times Sell WQXR?

WQXR Is NYT's Lone Radio Property

The NEW YORK TIMES has a sale-leaseback deal in the works, with the completion of the much-anticipated $250 million loan from Mexican telecom tycoon CARLOS SLIM HELU. Now, it looks like it may end the week with a deal to sell and lease-back a significant part of its midtown headquarters, reports PAIDCONTENT.ORG.

The company is in "advanced talks" with investment management firm W. P. CAREY & CO. If it goes through, NYTCo would sell the 19 floors it currently uses in the building. It would keep the 6 floors it leases to other tenants. With a sale-leaseback, which the NYTCo began exploring last month, the seller leases back the asset being sold.

How or if this will affect Classical WQXR/NEW YORK is unknown at this time.

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