James Murdoch, the son of media magnate Rupert Murdoch, is expected to step down as the chairman of BSkyB on Tuesday, a longtime institutional investor in the British satellite broadcaster told CNN.
Sky News, which is owned by BSkyB, also reported that Murdoch was resigning from the post, citing unnamed sources.
The move would come on the heels of James Murdoch's resignation from News Corp.'s British newspaper publishing companies in the wake of scandals over the past year.
Before the hacking scandal, James Murdoch was widely regarded by media watchers as the heir apparent to his father Rupert's powerful empire - a remarkable turnaround for a college dropout once viewed as the family's black sheep.
As its deputy chief operating officer and head of international operations, Murdoch, 38, was the third most senior figure at News Corp., wielding considerable influence through the stable of newspaper titles at his command.
Murdoch finally succumbed to the turmoil that threatens to engulf the entire company, even after it stepped away from a controversial bid to acquire full control of its UK-based broadcasting arm, ending for now any possibility of him succeeding his father at the helm of one of the most powerful media empires in the world.
James Murdoch: Son of the Sun king
FULL STORY
© 2012 Cable News Network. Turner Broadcasting System, Inc. All Rights Reserved.
| Advertising practices | Advertise with us | About us | Work for us | Help
Hope he gets to nail his step mom, Wendy Deng....:;
Murdochs are bad apples.
They are the worst thing that ever happened to the news media. Who do you think help coin the term "liberal media"?
Great!! hopefully Daddy is next. Or they could all just stop breathing.
Now he's a binman in Surrey.
I rather doubt he is now a binman.
Daddy Warbucks will find him some other position of power soon enough.
He'll abuse that power too.
Too true. When you're rich and privileged, you can be dumb as a box of rocks and still get a job, because–when you're rich and powerful–it's not what you know, it's who you know.
Leeching off your rich daddy for a job is the same as living in your parents' basement, only you likely have nicer clothes.
Good. Hopefully this will be the first step in removing the stain of the lies for profit business model from our media.
He's worthless, I'm surprised he lasted this long
I'm not surprised he's stepping down. I'm surprised it took him *this long* to step down.
There must be a reason he's stepping down.. I bet he's going to be involved in his own scandal. Lets see how this all pans out. Something is not right.
He was viewed as the black sheep of the family? What did he do to be regarded as that, refuse to engage in cannibalism or something? Let's just indict them all and be done with it.
Lol...too true...
That is one ugly dude.
Looks like Jim Carrey's autistic brother.
No one dare touch this family on our soil, we love magnates like these. Why are the Brits after these poor things? lol
Since congress isn't doing anything productive these days maybe they could investigate illegal hacking on American citizens.... Oh that wouldn't work ...Republicans get their marching orders from Murdock..
Time to go darling! Enough with the cover up, lies and manipulations!
We want non-controlled media, media that says the truth and resembles the reality of things!
much love and light to all