Blog Post

Updated: Wall Street Journal To Drop, Well, Wall Street

Updated: The full memo, below.

The Wall Street Journal is making the anticipated move from Wall Street/Financial Center, to midtown. About six months after being bought by News Corp (NYSE: NWS). the news staff of WSJ will move to the company’s headquarters at 1211 Sixth Avenue in midtown Manhattan, reports Reuters. This also moves it within a few blocks of New York Times (NYSE: NYT), the paper that Rupert Murdoch said he is planning to go after as WSJ broadens its news coverage. This announcement also comes two days after WSJ appointed Robert Thomson as the managing editor of the Journal and the new title of Dow Jones editor-in-chief, dropping his publisher title.

Also moving into the same building: The Dow Jones Newswires editorial staff from their harbor offices in Jersey City, and the staff of Barron’s and MarketWatch. No word yet on what News Corp plans to do with the space at Financial Center, which it has on lease until 2019.

“At (the plan’s) heart is our wish to bring together the news operations … making 1211 the hub of a global information-gathering operation..Uniting our two prime financial news organizations will provide the opportunity to reconsider conventions of the past and how we meet, move, communicate and work in the future,” Dow Jones CEO Les Hinton wrote in a message to employees on Thursday. Slightly counterintuitive in this digital and virtual age…

Updated: The full memo sent out by Hinton, below:
“Dear colleagues:
Most of you know we are considering moving many of our New York City-area operations into the News Corporation headquarters at 1211 Avenue of the Americas in Manhattan. I