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MEDIA BIG WILL STAY AT 1515 BROADWAY ENTERTAINMENT giant Viacom won't be leaving the bright lights of Times Square after all. The Sumner Redstone-controlled company has quietly inked a deal to renew its lease for over 1 million square feet at SL Green's 1515 Broadway, the tower famously fronted by the MTV studio. "It's party time for Green and for Times Square," an insider said of the deal, which was signed Friday night. The extension - one of the largest leases ever signed in Midtown - will keep Viacom at 1515 Broadway through at least mid-2015. It was kept quiet by SL Green and Viacom, both publicly traded companies wary of running afoul of SEC disclosure rules. Viacom's decision not to bolt climaxed one of the hardest-fought and most closely watched corporate real estate sagas in recent memory. SL Green, the city's largest... [read full story]
