Deals
Murdoch’s Newspaper Board Exit Clears Legacy Before Split
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Rupert Murdoch’s resignation from the boards of several News Corp. newspapers may seek to reassure investors that the fallout from a U.K. phone-hacking scandal won’t follow them after the company splits into two units.
Directorships the 81-year-old News Corp. chairman and chief executive officer quit last week include at News International, the U.K. division that publishes The Times and The Sun, newspapers that Murdoch acquired and used to help build a $53 billion global media empire over the past decades.