 The next year, the "Daily News" announced it would move its remaining operations within the Daily News Building to a single facility, 450 West 33rd Street in Chelsea, Manhattan.The relocation was motivated by the cost of maintaining several spaces, as well as the fact that the lease was about to expire and the "Daily News" operations in the building had been downsized since the early 1980s.Further, the "Daily News" circulation had decreased by two-thirds from its peak in the 1940s, and the number of employees had been reduced more than 85%.