Rupert Murdoch, one of the top 40 on Fobes 400 top American billionaires

In what is being called a simple move in the wake of the decision to split News Corp between its news and its entertainment divisions, Rupert Murdoch has stepped down from the boards overseeing his British newspapers as well as some of the company’s subsidiary boards in the United States. Murdoch stepped down this past week as director of NI Group, Times Newspaper Holdings and News Corp Investments in the UK according to Daisy Dunlop.

The exact boards he has left are not known because the US Security and Exchange Commission has not reported that as of yet.

News International stated that “this is nothing more than a corporate housecleaning exercise prior to the company split.”