News Corp Announces Plans for New London Location
LONDON--(BUSINESS WIRE)-- 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.
Ashley Huston, 212-416-2025
KEYWORDS: United Kingdom Europe
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