Actor and comedian Eddie Murphy has resigned as host of the 2012 Oscar ceremony, due to be held in February. His decision comes a day after the resignation of producer Brett Ratner, a friend of Murphy, who used a derogatory term in public. Ratner used the word "fags" during a question and answer session on his latest film Tower Heist. Mr Ratner recruited Murphy to be the Oscars' next host when he was hired as producer of the 2012 awards ceremony. Correspondents say Murphy's resignation could be a setback for the Academy Awards. The ceremony has seen declining TV ratings in recent years and is battling the rise of newer awards ceremonies, whic
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