As you know, NBC Universal has more than doubled in size over the last five years. Because of this tremendous growth, we are dealing with a number of challenging space issues, especially in New York City. Since 30 Rockefeller Plaza cannot accommodate all of our Manhattan-based employees, we are currently spread across several different locations in the city.
It has been a long-standing goal of many of our business leaders to bring more of our employees under one rooftop. In fact, in my conversations with employees, many have expressed concern about being physically separated from colleagues with whom you work closely on a daily basis. This feedback, coupled with a recent opportunity to sell some of the floors we occupy at 30 Rock, has encouraged us to begin our search for a new Manhattan-based location that will consolidate many of our rooftops across the city.
While details are still being finalized, NBC will remain 30 Rock's largest tenant. Just as it has been for 75 years, 30 Rock will still be the home of NBC News, NBC Sports, NBC Entertainment (SNL and Late Night with Conan O'Brien), and WNBC. All other business operations will move to the new facility. We expect the move to take place in 2009.
TVNewser has obtained an internal memo about plans to alleviate "a number of challenging space issues" at the 30 Rock headquarters of NBC Universal:
