India News and Travel Times Provides India-centric and other News and Features

Media mogul Rupert Murdoch has quit as News International director, a move that has fuelled rumours that he will sell-off the UK newspapers. According to The Telegraph, Companies House filings reveal that Murdoch stepped down from the boards of the NI Group, Times Newspaper Holdings and News Corp Investments in the UK last week. He has also quit from some of the media company's subsidiary boards in the United States , the details of which has not been disclosed by the US Securities and Exchange Commission. News Corporation said that the resignations were "nothing more than a corporate housecleaning exercise prior to the company split". News Corporation has already announced that it would separate its publishing business, which includes The Wall Street Journal, from its much more profitable media and entertainment business, forming two distinct, publicly traded companies. Murdoch has repeatedly insisted that he remains committed to the UK newspaper business. At the time of the announcement, Murdocuh vowed to remain a "very active chairman" of the publishing business.

Rupert Murdoch quits from boards of UK newspapers