/// Rupert Murdoch Resigns From News Corp. Boards

July 21, 2012  |  Media Week

Rupert Murdoch resigned from a number of News Corp. boards—including his post as director of News International, the holding company for the newspapers at the center of the U.K. hacking scandal—as the company prepares to divest its publishing and entertainment properties, according to an internal memo cited by Reuters . After the split, which was approved by News Corp.’s board on June 27 , Murdoch will remain chairman of both companies as well as CEO of the new entertainment company. The group's film and television assets account for three-quarters of News Corp.'s revenue and almost all operating profit. The hacking scandal reportedly increased investor pressure on the company to cordon off its publishing arm. News Corp. hasn't said who would be CEO of the new publishing company, whose businesses will include The Wall Street Journal

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