Fox, News Corp To Remain In Midtown Manhattan

21st Century Fox and News Corp. won’t be moving to the World Trade Center after all.

Real estate sources told The NY Post, and the companies later confirmed, that the separate media giants controlled by Rupert Murdoch have decided to keep their headquarters on Sixth Avenue in Midtown.

2 World Trade Center

“After much careful consideration we have decided to maintain our New York headquarters and other business operations” at 1211 and 1185 Sixth Ave, the companies said in a joint statement.

“We have extension options that could continue our occupancy on Sixth Avenue through 2025,” the statement said.

Fox and News signed a non-binding letter of intent last June to lease 1.3 million square feet of office and studio space at Larry Silverstein’s planned 2 World Trade Center. The 2.8 million square-foot tower was to be designed by Danish architect Bjarke Ingels.

Sources said the decision not to move was entirely for business reasons, and not to do with any issues involving the World Trade Center site.

But a source said that 21st Century Fox CEO James Murdoch, Fox and News Corp. Executive Co-Chairman Lachlan Murdoch, and News Corp. CEO Robert Thomson agreed that the complex move would distract from the companies’ global operations and require investment “which would be better directed elsewhere.”