12/10/2004

Sun and Times owners to move to new north London base

News Corporation, the company which owns the Sun and The Times newspapers, has today announced that it is to move away from its Wapping headquarters to a new production plant in Enfield, north of London.

The £600 million investment plan over four to five years will see the company also acquire new facilities in Glasgow and Liverpool, and 22 state-of-the-art full-colour printing presses.

Les Hinton, executive chairman of News International, said the move would bring advantages to both advertisers and editorial, but warned that the move would affect headcount.

“This is a long-range project taking more than four years to complete. Over this period inevitably there will be job changes and losses as the new automated technology comes on line. There will be no impact on jobs for at least two years and, wherever possible, reductions will be achieved through voluntary redundancy,” he said.

“When this project is complete our newspapers will be unsurpassed in the quality of their printing and the speed and efficiency with which we produce them.”

Rupert Murdoch, chairman and chief executive of News Corporation, which publishes The Sun, the News of the World, The Times, The Sunday Times and the TSL Education supplements, said the move "demonstrates again our absolute commitment to the future of print”.

(gmcg)

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