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James Murdoch resigns from News Int
Executive chairman steps down following phone-hacking scandal
It also raises the possibility that one of his older siblings – Elisabeth or Lachlan – could emerge as an eventual contender for the top job, according to people familiar with the matter. (Bloomberg)
Other sources suggested a contrarian view of James’ departure from News International, interpreting the move to focus him on operations based out of corporate headquarters in New York as Rupert defying his doubters by bringing his embattled son closer to the company’s power center. That would dovetail with another counterintuitive move the elder Murdoch made recently: launching a Sunday edition of his tabloid The Sun newspaper in London last week amidst an investigation that had led to the arrest of several journalists at that paper in addition to those of the now-defunct News of the World. (Bloomberg)
The younger Murdoch, once seen as heir apparent to his 80-year-old father, has been under pressure since the phone-hacking scandal erupted last summer at the British newspapers. His resignation is the latest in a flurry of senior executive resignations from News International since the scandal came to light. (Bloomberg)
