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Rupert Murdoch Resigns From Several Boards Before Company Split

News Corp (NASDAQ:NWS) (NASDAQ:NWSA) Chairman Rupert Murdoch resigned from several board positions in subsidiary companies such as News International, Times Newspaper Holdings, and News Corp Investments. News Corp announced last month its intention to split News Corp into two. The company will be separating its publishing (newspapers and book publishing) and entertainment businesses (Fox TV, film studios, and other entertainment assets).

News Corp (NASDAQ:NWS)

News Corp returned more than 50% since last year’s lows and will probably march higher after the split.