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"Rupert Murdoch&amp;#039;s News International, publisher of The Sun and The Times, has confirmed plans to sell its Wapping base in East London - its UK headquarters for 25 years. The move, which was announced in an email to all UK employees today, will see News International&amp;#039;s stable of newspapers relocate to the firm&amp;#039;s nearby Thomas More Square (TMS) site. News International said in the email that it had decided to put the 15-acre Wapping site up for sale due to the &amp;quot;current property market and economic climate&amp;quot;.  Alongside The Times, The Sunday Times and The Sun, the Wapping site was also home to the News of the World before its closure in July amid the phone hacking scandal.  Most of the office space put up for sale has been empty for months, as the &amp;quot;majority&amp;quot; of News International staff moved to Thomas More Square in September 2010. It is expected that the sale of the site will net Rupert Murdoch&amp;#039;s News Corporation hundreds of millions of pounds. In an official statement, News International said: &amp;quot;The decision to sell the 15-acre site follows a review of News International&amp;#039;s London property portfolio. &amp;quot;The majority of News International&amp;#039;s Wapping-based editorial and commercial staff have now relocated into Thomas More Square with the remainder to be relocated by the end of 2011.  &amp;quot;Thomas More Square provides the company with excellent facilities and flexibility. As a result, and in light of current market conditions, News International has decided not to proceed with remodelling the Wapping site.&amp;quot; Tomorrow, former News of the World editor Colin Myler and finance executive Tom Crone are due to appear before the Commons culture select committee to explain their statements which  appeared to contradict evidence given by News International chairman James Murdoch to the MPs about phone hacking at the Sunday tabloid. "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.digitalspy.com/media/news/a338765/news-international-to-sell-off-wapping-site/>