To move content to a folder:
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On the "Content" page, select content items and folders that you want to move (use checkboxes in the rightmost column of the content list).
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Click the Move button in the bottom-right corner of the content list.
A window with a list of folders will pop up.

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In the popup window, select a folder, where you want to move the selected content.
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Click Move Content.
Selected content will be moved to the specified folder.