Business

Murdoch steps down from subsidiary boards

LONDON — Media mogul Rupert Murdoch has resigned from a number of News Corp. subsidiary boards in Britain and the United States, a spokeswoman confirmed yesterday.

Murdoch, 81, stepped down as a director of NI Group, Times Newspaper Holdings and News Corp. Investments in the UK, said Daisy Dunlop, who speaks on behalf of News Corp.’s British arm, News International.

“This is nothing more than a corporate housecleaning exercise prior to the company split,” a News International statement said. News Corp., which owns The Post, announced on June 28 that it would separate its publishing business from its much more profitable media and entertainment business — forming two distinct, publicly traded companies.

Under those proposed changes, Murdoch will chair both of the companies, although he would continue as chief executive of the media and entertainment company only.