News Corp. owner Rupert Murdoch is moving his 6-month old Wall Street Journal from Manhattan's financial district to midtown where the company's headquarters are located at 1211 Sixth Avenue.
The move, which has been largely expected since January, is expected to begin in February or March next year.
The Journal newsroom will move out of its home at the World Financial Center adjacent to the World Trade Center site, where its been for two decades, and move into the News Corp. headquarters in the canyon on Sixth Avenue.
The move will be the latest change since Murdoch bought the Journal's parent company, Dow Jones & Co, in December. Earlier on Tuesday, Murdoch named Robert Thomson as the new managing editor of the Journal, following the resignation last month of Marcus Brauchli after less than a year on the job.
The Dow Jones Newswires editorial staff will move to the same location from their offices in Jersey City, New Jersey.
At (the plan's) heart is our wish to bring together the news operations ... making 1211 the hub of a global information-gathering operation, Dow Jones Chief Executive Les Hinton wrote in a message to employees on Thursday.
The Journal and Dow Jones Newswires will now be closer to Murdoch's other media properties, like the New York Post tabloid paper.
Barron's business weekly and the MarketWatch.com financial news website is reported to also move to News Corp's headquarters this year.