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Murdoch's son out as head of U.K. publishing unit
Posted By -NO AUTHOR- On 02/29/2012 @ 3:17 pm In Front Page,Money,World | No Comments
NEW YORK (CNNMoney) — James Murdoch is giving up leadership of News Corp.’s scandal-plagued U.K. newspaper publishing business.
The son of company chairman and CEO Rupert Murdoch, James Murdoch had been executive chairman of News International, the publishing unit of News Corp. that has been most directly affected by a phone-hacking scandal since last summer.
He gives up that title and will relocate to the company’s New York headquarters, keeping his corporate title as deputy chief operating officer. The company said he will now focus on its pay television businesses and broader international operations.
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