Big Plans For FNC?
The New York Post’s Steve Cuozzo writes about big goings on in FNC’s future…
Twenty-First Century Fox and News Corp., the separate media giants controlled by Rupert Murdoch, have locked in plans to keep and expand their headquarters on Sixth Avenue’s famed “corporate row.”
The deal for Twenty-First Century Fox totals 784,000 square feet. It includes a five-year extension of a lease that was to expire in 2020, plus 128,000 more square feet of expansion space on three high floors. The expansion is expected to take place this year, and will accommodate Fox employees who now work next door at 1185 Sixth Ave.
News Corp., meanwhile, extended its current lease on 440,000 square feet, also from 2020 to 2025.
It was understood that Fox News Channel will now invest considerable capital to create a state-of-the-art newsroom. FNC recently launched a $30 million sidewalk-fronting studio.