James Murdoch to Quit

    Image #: 10224900    News Corp Chief Executive Rupert Murdoch (L) talks to his son James Murdoch at Cheltenham Festival horse racing meet in Gloucestershire, western England March 18, 2010.   REUTERS/ Eddie Keogh /Landov

    Eddie Keogh, Reuters / Landov

    News Corp.’s Sky News reported on Tuesday that James Murdoch will step down as BSkyB chairman due to his role in the hacking scandal. BBC reported it was James Murdoch’s own decision to step down as the investigation into his own role in the phone-hacking scandal has grown. A spokesman for BSkyB declined to comment on the report. News Corp. owns 39 percent of BSkyB, but News Corp. was forced to drop its $12 billion bid to take over the whole of BSkyB in the wake of the hacking scandal.

    Read it at Reuters