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James Murdoch quits News International

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James Murdoch quits News International

Post by Guest on 29.02.12 15:19

29 February 2012
Last updated at 15:07

.James Murdoch quits News International

James Murdoch remains in his job at parent company News Corporation

James Murdoch has stepped down as executive chairman of News International, the UK newspaper business that owns the Sun and the Times titles.

The newspaper publisher has been tainted by phone-hacking allegations.

The scandal led the company to close its News of the World title in July last year.

Mr Murdoch will remain as deputy chief operating officer of parent group News Corporation.

'Bigger picture'

James Murdoch, 39, said: "I deeply appreciate the dedication of my many talented colleagues at News International who work tirelessly to inform the public."

He added that the launch of a new Sunday edition of the Sun and "new business practices" put the company in a "strong position" for the future.

BBC's Hugh Pym: Move "extremely significant"
Last year, James Murdoch twice appeared before the UK Parliament's Culture, Media and Sport Committee to answer questions as part of its inquiry into the phone-hacking scandal.

Paul Connew, a former News of the World deputy editor, said he was not surprised that James Murdoch had stood down.

"I think you've got to look at the bigger picture here," said Mr Connew.

"Quite clearly there's going to be criticism of James Murdoch in the culture and media select committee report, which presumably will be coming out in the not too distant future, and I think essentially he's been moved out of the firing line."

'Lasting contributions'

James Murdoch's departure also comes as the separate Leveson Inquiry continues to investigate the culture, practices and ethics of the British press as a result of the phone-hacking allegations.

James' father Rupert Murdoch, chairman and chief executive at News Corporation, said: "We are all grateful for James' leadership at News International and across Europe and Asia, where he has made lasting contributions to the group's strategy in paid digital content and its efforts to improve and enhance governance programs."

Rupert Murdoch added that James would now "continue to assume a variety of essential corporate leadership mandates, with particular focus on pay-TV businesses and broader international operations".

James Murdoch also remains chairman at satellite broadcaster BSkyB, of which News Corporation owns 39%

http://www.bbc.co.uk/news/business-17209375

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Re: James Murdoch quits News International

Post by aiyoyo on 01.03.12 11:19

Just damage limitation strategy that came too late, taken to protect James Murdoch from further criticism than anything else.

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