Golden Boy James Murdoch Out at News International
Wooah, this is big (my comments in brackets):
[News Corp.'s golden boy,] James Murdoch has stepped down as executive chairman of News International, the British arm of News Corp., the company announced Wednesday. Murdoch, who
was once[has for years been] seen as the heir apparent to his father Rupert at the head of News Corp., has now lost a key position within the company.
cast the move[is spinning this] as stemming from James’ recent relocation to New York from London, and Rupert Murdoch said his son would “continue to assume a variety of essential corporate leadership mandates.” He will also remain as the deputy COO of News Corp. But the reshuffling will be widely seen as a reflection of[is undoubtedly a result of] James’ deeply diminished stature [and possible criminal activity] following wave after wave of damaging allegations about his complicity in News Corp.’s still-simmering phone hacking scandal.
Entry filed under: Fox "News"/ Fox "Business" /Rupert Murdoch / Wall Street Journal. Tags: james murdoch, News Corp., rupert murdoch.