Big Book Publisher To Reduce Its Offices

Book2Book - 8 November

Random House Inc., the world's largest consumer book publisher, is seeking to sublease as many as nine of the 24 floors it now occupies at 1745 Broadway, in a sign that the city's office market is still facing choppy waters.
"The potential savings is in the millions of dollars," says Stuart Applebaum, a spokesman for Random House. "We're in the book business, not the real-estate business. We'll reinvest our savings into our publishing."

Wall Street Journal