NEW YORK — News Corp. chairman Rupert Murdoch’s estranged wife Anna will retire from the company’s board, Murdoch revealed in News Corp.’s 1998 annual report released in Australia, but she is staying in touch with the Murdoch family’s stake in the company.
In a statement late Monday from News Corp., Anna Murdoch said she would join the board of Cruden Investments, the Australia-based private company through which the Murdoch family owns their 30% stake in News.
That suggests she will get an interest in the family stake in News Corp. as part of the settlement of her divorce action against Rupert Murdoch. She filed for divorce in July, several months after the two announced their separation. The Murdochs are said to be negotiating an amicable settlement of the divorce proceeding.
News of Anna Murdoch’s retirement from the News Corp. board was not expected: when the separation was announced, the company indicated she would remain on the board. Rupert Murdoch simply referred to her as a “retiring director” in the chairman’s message portion of the annual report.
A News Corp. spokesman declined comment, and Anna Murdoch was not available for comment.
Anna Murdoch joined the News Corp. board in 1990. Her retirement is effective Oct. 13, the date of the annual shareholders meeting.