Rupert Murdoch Steps Down From News Corp Boards
Rupert Murdoch’s grip on UK newspapers is loosening “finger by finger”, as he resigns string of directorships.
Rupert Murdoch has resigned as a director of a string of companies behind The Sun, The Times and The Sunday Times, fuelling expectations that he is preparing to sell the newspaper group.
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”.
The media giant took a similar line when James Murdoch resigned a string of directorships at News International last November, pouring cold water on suggestions that he was walking away from the UK newspaper arm. He quit as chairman three months later.