James Murdoch gives up News International role
Yinka Adegoke and Mark Hosenball on a story we haven’t posted about on NS in a while:
James Murdoch resigned as executive chairman of News International on Wednesday, raising new doubts he can succeed his father Rupert as CEO of parent company News Corp in the wake of a phone hacking scandal at the unit he oversaw.
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James will remain deputy chief operating officer of News Corp with a focus on its international TV business, a New York-based post he was promoted to last year.
The Leveson Inquiry on the whole hacking/payouts/miscellaneous fuckery thing is still ongoing. The Reuters article focuses more on the corporate ramifications of James Murdoch’s resignation and wholly uninteresting power struggles.