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James Murdoch quits as News International Executive Chairman

03-01-2012 07:43 BJT Special Report:Phone-Hacking Scandal Hits News Corp. |

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The son of media mogul, Rupert Murdoch, is stepping down as executive chairman of News International's newspaper arm in the UK. James Murdoch’s resignation comes as he faces growing scrutiny during the phone-hacking scandal at Murdoch-owned titles.

The company says James Murdoch has relinquished his position to focus on the corporation’s international TV business. But he will remain as the deputy chief operating officer of News Corporation.

This is a July 19, 2011 file photo of James Murdoch , left, and Rupert Murdoch giving
evidence to the Culture, Media and Sprot Select Committee in the House of Commons in
central London on the News of the World phone-hacking scandal.

It’s been a turbulent time for the Murdoch empire, and now James Murdoch has quit his role as News International’s executive Chairman. The son of Rupert was once the undisputed heir to News Corp’s top job.

Last week it launched a new Sun on Sunday to replace it with the Murdochs declaring a bright future for the company.

But the continuing Leveson inquiry into the ethical practice of the British press continues to cast a shadow over News International.

A report by the culture and media select committee is also due soon.

James Murdoch faced the board twice last year.

Chief Executive of News International Tom Mockridge will continue in his post and report to News Corp President Chase Carey.

News Corp shares rose nearly 2% after the announcement.

A protestor from the AVAAZ campaigning group wears a mask depicting James Murdoch outside
the headquarters of News International on February 29, 2012 in London, England.

News International Chairman James Murdoch is seen speaking to parliamentarians in London
in this November 10, 2011 file phtograph.

 

 

Editor:Zhang Rui |Source: CNTV.CN

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