Rupert Murdoch steps down as News International director
July 23 , 2012
Rupert Murdoch has resigned from a string of directorships controlling his News Corporation's UK newspapers.
Murdoch left his posts at NI Group, NewsCorp Investments and Times Newspaper Holdings on Friday.
News Corp plans to split into two firms, separating its newspaper and book publishing interests from its television and film business.
Murdoch is expected to chair both businesses but will only be the chief executive TV and film enterprise.
News International has played down the significance of the resignations.
Media commentators see the move as an attempt by News Corporation to shift away from its newspaper investments due to declining circulation and the phone-hacking scandal and the Leveson Inquiry in Britain.
The split will see News Corp's 20th Century Fox and the Fox broadcasting network grouped as one company.
The other company will hold the firm’s publishing interests, such as the Wall Street Journal, the Times, the Sun, the Australian, the New York Post and publisher HarperCollins.