News International to stay in Wapping

News International has abandoned plans to sell its Wapping site and instead will be bringing in staff from other News Corporations companies to join the publisher in east London, reports Media Guardian.

Dow Jones, Harper Collins, MySpace and 20th Century Fox will be making the move to Wapping, where the News International has been based sice 1986.

James Murdoch, chairman and chief executive of Europe and Asia at News Corporation, said: ‘”Wapping is not only important as a physical site, but also it is a symbol of how bold individuals, working together, can advance the world of media and thereby contribute to life in Britain.

“Throughout our history, News Corporation has challenged conventions and we hope this building will provide benefits to the business that can’t be found in traditional commercial real estate.”

Earlier this year the company ended 22 years of printing at its Wapping headquarters, unveiling its new £187m Broxbourne printing plant in Hertfordshire.

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