A cake in the form of the new Wallis Annenberg Hall to undergo construction at USC on November 8, 2012. (Rosa Trieu/Neon Tommy)

The new building, set to open in the fall of 2014, will stand five stories tall and take up 88,000 square feet in the center of the University Park Campus.

The blueprint plans include a 20,000-square-foot newsroom looking onto Childs Way on campus, a central 360-degree assignment desk, a four-story atrium with a rooftop skylight and and multistory digital media tower, as well as a multipurpose television and radio studio. It will also have full Wi-Fi and 4G wireless capacity, including at least 110 hotspots and no deadzones, according to USC News.

The design of the building was drawn to reflect the transparency and collaboration that drives USC Annenberg's values of openness and transparency, said Ernest James Wilson III, dean of the school.

KCAL 9 anchor and Annenberg alumnus Sylvia Lopez, who spoke at the event, said students at the new building will master the most state of the art tools.

"They will become innovators of this revolution, and at the same time, they will hold those indispensible and essential values that begin with the written word.," Lopez said. "After all, this is what Annenberg has always done best."

Planning for the building was led by a $50 million gift from Wallis Annenberg, president and CEO of the Annenberg Foundation. It is the lead gift that is a part of USC's $6 billion campaign to transform the school.

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