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News Corp to leave Wapping News Corp to leave Wapping
(2 months later)
Rupert Murdoch's News Corp is to break its historic ties with Wapping under plans to move its operations into a single UK headquarters near the Shard on the south bank of the Thames.Rupert Murdoch's News Corp is to break its historic ties with Wapping under plans to move its operations into a single UK headquarters near the Shard on the south bank of the Thames.
The group will house its British businesses – the newspaper arm, Dow Jones financial newswire and book publisher HarperCollins – together for the first time from next summer.The group will house its British businesses – the newspaper arm, Dow Jones financial newswire and book publisher HarperCollins – together for the first time from next summer.
It marks the latest move following the phone hacking scandal that led to the closure of its News of the World title.It marks the latest move following the phone hacking scandal that led to the closure of its News of the World title.
The firm recently rebranded its News International newspaper business as News UK, while parent group News Corp also split its entertainment and publishing businesses into two separate companies, with 21st Century Fox holding its television and movie properties and the new News Corp focusing on newspapers and publishing.The firm recently rebranded its News International newspaper business as News UK, while parent group News Corp also split its entertainment and publishing businesses into two separate companies, with 21st Century Fox holding its television and movie properties and the new News Corp focusing on newspapers and publishing.
Robert Thomson, chief executive of News Corp, said its move to the new site at the Place in Southwark will allow the group to "work more closely and creatively, and leverage our collective resources".Robert Thomson, chief executive of News Corp, said its move to the new site at the Place in Southwark will allow the group to "work more closely and creatively, and leverage our collective resources".
News UK, which publishes titles including the Sun and the Times, is currently based in Thomas More Square in Wapping, having already sold its previous site to construction firm Berkeley Group for £150m last year.News UK, which publishes titles including the Sun and the Times, is currently based in Thomas More Square in Wapping, having already sold its previous site to construction firm Berkeley Group for £150m last year.
It ends nearly 30 years in Wapping for the group after Murdoch first moved the titles and printing operation there in early 1986 amid a bitter dispute with the Fleet Street printers' unions.It ends nearly 30 years in Wapping for the group after Murdoch first moved the titles and printing operation there in early 1986 amid a bitter dispute with the Fleet Street printers' unions.
HarperCollins is currently in Hammersmith, London, and will use the Place as its London headquarters while keeping offices in Glasgow and Yorkshire. Dow Jones has offices in Holborn and the City.HarperCollins is currently in Hammersmith, London, and will use the Place as its London headquarters while keeping offices in Glasgow and Yorkshire. Dow Jones has offices in Holborn and the City.
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