Media mogul Rupert Murdoch quits boards of British newspapers: NI

Sunday, July 22, 2012
London: Media mogul Rupert Murdoch has stepped down as a director of number of companies behind The Sun, The Times and The Sunday Timesa News International spokesperson said on Saturday.

Rupert Murdoch [File  Photo]
Earlier, in last week Murdoch had resigned from a number of boards many of them small subsidiary boards, both in the UK and US and this has fuelled expectations that he was preparing to sell his News International newspaper group.

The News Corp chief executive resigned from the boards of News Corp Investments, News International Group Limited and Times Newspaper Holdings in the last week.

He has also stepped down from boards in the US, Australia and India

News Corporation played down the significance of the resignations as nothing more than a corporate housecleaning exercise prior to the company split.

Notably, the move comes after Murdoch announced last month that News Corp will press ahead with a split of the entertainment division from its struggling publishing business, saying he is committed to both units.

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