Is Rupert Murdoch's Son Moving to the 'Muppet Mansion'?

James Murdoch, the closest thing to an heir apparent to the News Corporation empire, may be moving up in more ways than one. Public records suggest that the recently promoted News Corp. executive may be moving into Jim Henson's former Upper East Side home, affectionately known as the "Muppet Mansion."

Murdoch, the 38-year-old son of media magnate Rupert Murdoch, was promoted to deputy chief operating officer at News Corp. on Wednesday. In this newly created position, Murdoch will expand his current role in the company's European and Asian operations to include all News Corp. markets.

The young Murdoch will relocate from London to New York to manage his enlarged purview, and, in the process, perhaps snatch up one of the Upper East Side's most interesting properties.