News Corp (NASDAQ: NWS, NWSA; Temp. ASX tickers: NNC, NNCLV) announced
today plans to move its entire London operations to a single location in
The Place on the south bank of the Thames River. The locally based
businesses and staff of News UK, Dow Jones and HarperCollins will be
housed together for the first time and will begin relocating to the new
site in the summer of 2014.
“Our new London location in the vibrant borough of Southwark will allow
us to realize one core objective as the new News – to work more closely
and creatively, and leverage our collective resources,” said Robert
Thomson, Chief Executive of News Corp.
The Place resides alongside The Shard at the heart of the London Bridge
Quarter, a major redevelopment surrounding one of the best-connected
travel hubs in the UK. The project is an important part of the
redevelopment of south London, contributing to the further regeneration
of the local area, and is a significant milestone for the capital.
News UK is currently based in Thomas More Square in Tower Hamlets.
HarperCollins is currently in Hammersmith and will use The Place as its
London headquarters while keeping offices in Glasgow and Yorkshire. Dow
Jones currently has offices in Holborn and the City.
Peter John, Leader of Southwark Council, said, "I am delighted that News
Corp will be moving to such an iconic location in Southwark - bringing
new jobs and opportunities to this part of London. The move underlines
Southwark's growing reputation as a place to do business and endorses
our work as a council to generate real economic growth.”
About News Corp
News Corp (NASDAQ: NWS, NWSA; Temporary ASX tickers: NNC, NNCLV) is a
global, diversified media and information services company focused on
creating and distributing authoritative and engaging content to
consumers throughout the world. The company comprises leading businesses
across a range of media, including: news and information services,
digital real estate services, book publishing, digital education, and
sports programming and pay-TV distribution. Headquartered in New York,
the activities of News Corp are conducted primarily in the United
States, Australia, and the United Kingdom. More information: www.newscorp.com.
Copyright Business Wire 2013