Sunday, July 22, 2012

Rupert Murdoch quits directorships on string of boards behind The Sun, The Times and The Sunday Times

Turning his back on newspapers? Rupert Murdoch,
pictured with his son James, has quit as director of a
string of boards behind The Sun, The Times and
The Sunday Times
  • Quit NI Group, Times Newspaper Holdings and News Corp Investments
  • Part of the 'slow fade of Rupert from the UK,' says media commentator
  • Just corporate housecleaning exercise prior to company split, says NI
  • James Murdoch quit directorships at NI last year... then stood down as chairman three months later
By Daily Mail Reporter
|

Rupert Murdoch has resigned as director of a string of companies behind UK newspapers The Sun, The Times and The Sunday Times, it emerged today.
The move has led to fevered speculation the media mogul is preparing to sell his newspaper group.


According to documents filed with Companies House, Mr Murdoch stepped down as director from the boards of the NI Group, Times Newspaper Holdings and News Corp Investments last week.

He also quit a number of News Corp’s U.S. boards, although the details have not yet been disclosed by the U.S. Securities and Exchange Commission.
Media commentators said it was part of the 'slow fade of Rupert and James (his son) from the UK'.

His decision comes after a powerful group of shareholders called on him to stand down as chairman of News Corporation.   READ MORE



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