Rupert Murdoch steps down from UK newspapers boards
July 23, 2012
Source: MM Network
News Corp Chairman and Chief Executive, Rupert Murdoch, has stepped down from the boards of News Corp Investments, News International Group Limited and Times Newspaper Holdings.
News International publishes The Times, The Sunday Times and The Sun newspapers in the UK.
According to an email sent to newspaper staff on Saturday, the resignation is said to be part of the preparation of the business for the upcoming restructure into two companies.
Murdoch had earlier announced that News Corp will go ahead with a split of the entertainment division from its publishing business. He also added that he would be chairman of both companies and said that he is committed to both units.
Rupert Murdoch has been under pressure from British shareholders and politicians over claims of phone hacking and corruption that had also led to the shut down of the News of the World last year.