Updated at 7:50 p.m. Monday
Downtown Atlanta’s iconic CNN Center is about to go on the market.
In a letter sent to employees Monday afternoon, WarnerMedia CFO Pascal Desroches said extensive renovations to the company’s Techwood campus near Georgia Tech are adequate to house its Atlanta operations.
Desroches says the CNN Center is of great value to a third-party developer who specializes in entertainment venues.
No further details were given about a potential buyer.
According to the letter, this in no way should suggest that WarnerMedia is less committed to Atlanta.
The exit of CNN employees will be a gradual process. The company said it plans to lease the CNN Center offices for five years as its move to the Techwood campus is completed.
The sale had been under consideration for some time but was put on hold pending the company’s merger with AT&T, the company said.
Some of CNN’s television operations, including the network’s prime-time schedule, are produced from the company’s new offices in New York’s Hudson Yards development. But the network’s daytime programs, as well as CNN’s worldwide network, are produced out of Atlanta.