Gemstar-TV Guide Gets New Digs

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Gemstar-TV Guide International Inc. is set to move its Big Apple operations out of the headquarters of Rupert Murdoch’s News Corp., which controls a 42% stake in the company, in mid-December, according to the company, the Hollywood Reporter reports.


Gemstar, which said earlier this week it would explore a sale and other strategic options, has signed a multi-year lease in another midtown Manhattan building whose current tenants include Martha Stewart Living Omnimedia.


Gemstar’s New York staff, which currently amounts to about 280 emloyees, will occupy three floors, or more than 85,000 square feet, at 11 West 42nd Street, across from Bryant Park.


The office space will house the New York operations of the LA-based company, including TV Guide magazine’s editorial department, TV Guide Online and the primary advertising sales staff for the company.


Read the full Hollywood Reporter story

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