Wall Street Journal to move from Wall Street

Posted by Leah McBride Mensching on January 29, 2008 at 9:10 PM

As a flurry of changes continues at the Wall Street Journal following the purchase of its parent company, Dow Jones & Co. by Rupert Murdoch's News Corp. late last year, another change is in the works.

The Wall Street Journal is planning to move away from Wall Street, Yahoo Finance reported Tuesday.

Dow Jones plans to move from its current home in Manhattan's financial district to midtown, Yahoo reported, citing “a person familiar with the matter,” who confirmed reports The New York Times and The New York Observer made on the subject.

Currently, the Journal and Dow Jones are located in the World Financial Center, across the street from Ground Zero, where the World Trade Center once stood, and down the street from Wall Street.

Although Dow Jones and the Journal could end up in the same building used by News Corp., it could also use space in another building currently housing the business side of Dow Jones, a few blocks south of News Corp.'s location on Sixth Avenue, Yahoo's source stated.

“While the Journal has long operated in lower Manhattan, many employees have painful memories of the September 11, 2001 terrorist attacks just across the street,” according to Yahoo.