The New York Times is looking to refinance its NY HQ or lease it out to gain close to $230 million. The New York Times has been struggling as a result of the financial crisis and it is now trying to raise cash by selling its HQ and other assets. NYT executives also conceded 2009 will be a challenging year as a result of the current economic state and largely because of falling advertising dollars. No job cuts or any other cost cutting details were released.