The New York Times says it's in the process of inviting a similar Republican group.
Bio: Joe Pompeo covers media for Capital New York. He was previously a reporter at Yahoo! News, Business Insider and The New York Observer.
Higher-ups at the Times were shown a mock-up and they signed off.
"The interior construction of our new space is well underway," said chief executive Chuck Townsend
Managing editor Gerard Baker announces appointments that "will strengthen our investigations team."
"Our goal is to use a conversational style to demystify politics, economics, health care and other issues"
China is seen as a rich opportunity for big media brands who need to scale globally to continue to grow.
Sources said it used to cost $.75 (though there is a 5 p.m. coffee cart).
More media companies are making deals to rent offices in Financial District buildings where bankers once trod
One outsider contender is New York magazine's Jared Hohlt
The job has historically been one of the highest profile gigs in the buerau.