Rupert Murdoch plans to move his News Corporation’s headquarters to developer Larry Silverstein’s soon to be built new World Trade Center building.
Both News Corporation and its sister company signed a non-binding letter of intent with Silverstein to anchor the new 88 story 2 World Trade Center.
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The two companies currently have offices uptown in Manhattan on Sixth Avenue. They will make the move after their current leases expire in 2020.
“The new headquarters would provide 21st Century Fox and News Corp. with a range of efficiencies as well as the flexibility for future growth, while helping cement Lower Manhattan as a dynamic new hub for media, ” the companies said in a joint statement.
“While no final decisions have been made, we look forward to continuing to work with Silverstein Properties on the design and terms of our lease arrangement.”
“This is a great milestone in the historic effort to rebuild the World Trade Center, ” Silverstein said in a statement. “For all New Yorkers who never gave up on downtown, this makes good on our pledge to see the rebuilding through, and gives me a tremendous sense of pride.”