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General News 7/21/2012 at 7:46 PM EDT

Rupert Murdoch steps down from NI boards

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Rupert Murdoch has resigned as a director of a string of companies behind The Sun, The Times and The Sunday Times, fuelling expectations that he is preparing to sell the newspaper group. Sources close to News Corp say that its executives have discussed the possibility that, after the split, the Murdochs could sell down their stake in the publishing division altogether and use the equity to help fund a leveraged buyout of the film and entertainment division.

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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

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