Atlanta’s CNN Center sold to Florida company

AT&T sold the downtown Atlanta complex that houses CNN’s offices and studios to a Florida company.

CP Group announced Thursday that it has bought CNN Center. The cable television and Internet information company has been operating there since 1987.

WarnerMedia will lease its offices there “for a number of years,” said CP Group, based in Boca Raton, Florida. But WarnerMedia said last year that it plans to consolidate CNN with other operations north of downtown near Georgia Tech in the long term. These offices are already home to other networks founded by Ted Turner and now owned by Warner Media, including TBS, TNT and Cartoon Network.

AT&T has owned CNN since 2018, but is preparing to transform WarnerMedia into a new company that will combine with Discovery Networks. This new company is supposed to be called Warner Bros. Discovery.

WarnerMedia has approximately 6,000 employees in Atlanta.

CP Group has not disclosed the price for the sale.

CNN Center, at 1.2 million square feet (110,000 square meters), was a tourist attraction before the coronavirus pandemic, home to a food court and other retailers. At one end of the Centennial Olympic Park, it was also a focal point for protesters. In May 2020, he was at the center of weeks of protests against the death of George Floyd. During one of the first nights of protests, an iconic CNN logo sign was damaged and windows were smashed.

The building was largely closed to the public during the pandemic.

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