News Corporation founder, chairman and CEO Rupert Murdoch has resigned as a director from a number of boards overseeing British papers The Sun, The Times and The Sunday Times:
Companies House filings show that Mr Murdoch stepped down from the boards of the NI Group, Times Newspaper Holdings and News Corp Investments in the UK last week. He also quit a number of News Corp’s US boards, the details of which have yet to be disclosed by the US Securities and Exchange Commission.
News Corporation played down the significance of the resignations as “nothing more than a corporate housecleaning exercise prior to the company split”.
News Corp. Chairman and Chief Executive Rupert Murdoch has quit the boards of several company subsidiaries as part of preparations for the coming split of the media giant into two companies, News Corp said. The boards include that of News International, the holding company of News
Corp’s UK newspapers, said a person familiar with the situation. Other boards are in the United States, Australia and India.
News Corp. disclosed plans late last month to separate its entertainment
businesses from its publishing operations. Mr. Murdoch will remain chairman of both companies as well as CEO of the entertainment company, which makes up the bulk of the existing company. News Corp. hasn’t said who will be CEO of the publishing company, whose businesses will include The Wall Street Journal as well as the company’s UK and Australian newspapers.
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