Rupert Murdoch's News Corp announced plans Friday to move its entire London operations to a single location.
The new London headquarters will be at The Place on the south bank of the Thames River. The move will mark the first time that the staff of News UK, Dow Jones and HarperCollins will be physically housed together.
“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,” Robert Thomson, chief executive of News Corp., said in a statement.
The announcement comes on the heels of a fresh bribery-tinged scandal, in which Murdoch was allegedly caught on tape discussing journalists who bribed officials for news tips. Earlier this week, a spokesperson for News Corp. told TheWrap that Murdoch is ready and willing to discuss the allegations with Parliament.
The U.K. has been a sore spot in recent years for News Corp. due to a phone hacking scandal that engulfed the tabloids the company owns in the country. The illegal news gathering tactics at the now defunct News of the World has inspired a wave of legal issues and bad publicity for News Corp.
News Corp. split into two separate publicly traded companies in June. One company, 21st Century Fox, is comprised of Murdoch's television and film holdings, while News Corp. now consists entirely of publishing and education assets.
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.
The relocation will begin in the summer of 2014.