The New York Times’ fancy new building on 8th Avenue comes at a cost. First there was the falling glass and other debris, then there was that annoying issue of mice making a home in the skyscraper.
But how’s this for a cost? The New York Times headquarters building is likely to depreciate at a rate of $8 million per quarter, according to its latest earnings release.
What’s $8 million per quarter? Here’s our rough breakdown:
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$2.67 million per month
$88,889 per day
$3,704 per hour
$62 per minute
$1.03 per second
In other words, the building lost $30 — give or take — while you were reading this post.
